Civic Intelligence

D-Rev Design for the Other 90

990 • Fiscal year 2020 • EIN 26-0642778

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

695 Minnesota StreetSan Francisco, CA 94107

(415) 642-1143

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

51st percentile

0.11x

Higher debt load relative to assets than 51% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

39th percentile

0.08x

Higher debt load relative to revenue than 39% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

85th percentile

37%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

91st percentile

$215,250

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

95th percentile

151%

Faster asset growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

89%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,462,846

Up $2,083,076 (+151%) from 2019

Net Assets

Up

$3,095,379

Up $1,780,973 (+135%) from 2019

Liabilities

Up

$367,467

Up $302,103 (+462%) from 2019

Revenue

Up

$4,829,081

Up $2,277,079 (+89%) from 2019

Expenses

Up

$3,048,108

Up $769,253 (+34%) from 2019

Net Income

Up

$1,780,973

Up $1,507,826 (+552%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $280,747Liabilities 2010: $47,678Net Assets 2010: $233,0692010Assets 2012: $311,356Liabilities 2012: $106,787Net Assets 2012: $204,5692012Assets 2013: $531,084Liabilities 2013: $387,883Net Assets 2013: $143,2012013Assets 2014: $569,288Liabilities 2014: $554,983Net Assets 2014: $14,3052014Assets 2015: $902,630Liabilities 2015: $563,413Net Assets 2015: $339,2172015Assets 2016: $1,449,636Liabilities 2016: $544,399Net Assets 2016: $905,2372016Assets 2017: $1,587,661Liabilities 2017: $587,623Net Assets 2017: $1,000,0382017Assets 2018: $1,555,173Liabilities 2018: $513,914Net Assets 2018: $1,041,2592018Assets 2019: $1,379,770Liabilities 2019: $65,364Net Assets 2019: $1,314,4062019Assets 2020: $3,462,846Liabilities 2020: $367,467Net Assets 2020: $3,095,3792020Assets 2021: $2,578,144Liabilities 2021: $525,845Net Assets 2021: $2,052,2992021Assets 2022: $518,369Liabilities 2022: $962,542Net Assets 2022: -$444,1732022Assets 2023: $131,832Liabilities 2023: $505,931Net Assets 2023: -$374,0992023Assets 2024: $119,797Liabilities 2024: $505,931Net Assets 2024: -$386,1342024

Highlighted filing

2020

Assets$3,462,846
Liabilities$367,467
Net Assets$3,095,379

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $586,9742010Expenses 2012: $796,3612012Revenue 2013: $1,249,340Expenses 2013: $1,310,708Net Income 2013: -$61,3682013Revenue 2014: $1,525,493Expenses 2014: $1,654,389Net Income 2014: -$128,8962014Revenue 2015: $1,904,842Expenses 2015: $1,394,367Net Income 2015: $510,4752015Revenue 2016: $2,038,204Expenses 2016: $1,472,184Net Income 2016: $566,0202016Revenue 2017: $1,923,698Expenses 2017: $1,828,897Net Income 2017: $94,8012017Revenue 2018: $2,025,389Expenses 2018: $1,984,168Net Income 2018: $41,2212018Revenue 2019: $2,552,002Expenses 2019: $2,278,855Net Income 2019: $273,1472019Revenue 2020: $4,829,081Expenses 2020: $3,048,108Net Income 2020: $1,780,9732020Revenue 2021: $2,659,678Expenses 2021: $3,784,112Net Income 2021: -$1,124,4342021Revenue 2022: $2,171,661Expenses 2022: $4,668,133Net Income 2022: -$2,496,4722022Revenue 2023: $1,218,465Expenses 2023: $1,148,391Net Income 2023: $70,0742023Revenue 2024: $13Expenses 2024: $12,048Net Income 2024: -$12,0352024

Highlighted filing

2020

Revenue$4,829,081
Expenses$3,048,108
Net Income$1,780,973
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.0
Gross Receipts
$4,830,132
Mission and Program Overview

Mission

D-Rev designs and brings world-class health solutions to the people who need them most. With significant input from users, we design, refine, launch, support, and track products and services to provide quality care in low-resource settings.

Equalize health is a not-for-profit medical technology company whose mission is: to create medical technology for everyone. Equalize healths products are sold in 75+ countries, and have treated over 1m patients.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$1,635,284-
Savings and Temporary Cash Investments$300,220$1,000,209▲ $699,989
Cash and Non-Interest-Bearing Accounts$688,200$675,056▼ $13,144
Intangible Assets$4,581$56,208▲ $51,627
Prepaid Expenses and Deferred Charges$28,039$49,226▲ $21,187
Accounts Receivable$313,037$28,700▼ $284,337
Land, Buildings, and Equipment, Net$34,344$9,949▼ $24,395
Inventories for Sale or Use$3,474$0▼ $3,474
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Total Assets$1,379,770$3,462,846▲ $2,083,076
Other Assets Total$7,875$8,214▲ $339
Liabilities
Other Liabilities$43,605$152,678▲ $109,073
Unsecured Notes Loans Payable-$151,923-
Accounts Payable and Accrued Expenses$21,759$59,906▲ $38,147
Deferred Revenue-$2,960-
Total Liabilities$65,364$367,467▲ $302,103
Net Assets / Fund Balance
Net Assets With Donor Restrictions$416,667$1,777,507▲ $1,360,840
Net Assets Without Donor Restrictions$897,739$1,317,872▲ $420,133
Total Net Assets Fund Balance$1,314,406$3,095,379▲ $1,780,973
Total Liabilities and Net Assets / Fund Balance$1,379,770$3,462,846▲ $2,083,076

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$19,613$19,613
Equipment$9,949$2,557$12,506
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Krista DonaldsonCEOFT$215,250$215,250
Boston NyerCOO/CFOFT$151,611$151,611
Daniel R WaldChief Growth OffFT$147,570$147,570
Casey TruboSr. Program ManFT$103,187$103,187
Robin ParrishSr. Mechanical EngFT$102,456$102,456

Board Members and Trustees

NameTitle
William David UngerBoard Chair
Howard ClowesDirector
Jenn BuechelDirector
Jimmy NzauDirector
Lynne KelleyDirector
Minette NormanDirector
Wendy TaylorDirector
Jody MahoneySecretary
Anthony MacDonaldTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Stanlee R Gatti DesignsRent1208 Howard Street, San Francisco, CA 94103-
Revenue and Support

Revenue Composition

Contributions and Grants
$4,712,375
Program Service Revenue
$0
Investment Income
$4,631
Other Revenue
$112,075
All Other Contributions
$4,427,732
Change in Net Assets
$1,780,973

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,829,081
Revenue Not Reported on Form 990
$357,211
Total Revenue per Audited Statements
$5,186,292
Total Revenue per Form 990
$4,829,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,763,530
Other Expenses$1,284,578
Total Fundraising Expense$297,418
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$818,483$78,173$137,613$1,034,269
Fees for Services Other$564,906$44,736$15,713$625,355
Current Officers, Directors, Trustees, and Key Employees$290,321$27,728$48,812$366,861
Other Employee Benefits$180,589$51,528$31,168$263,285
Office Expenses$209,728$11,153$1,437$222,318
Occupancy$150,007$15,999$23,739$189,745
Payroll Taxes$76,730$9,743$12,642$99,115
Fees for Services Accounting-$67,460-$67,460
Travel$19,949$558$401$20,908
Advertising$1,240$675$13,730$15,645
Depreciation Depletion$10,820$803$1,484$13,107
Insurance$2,048$5,997$2,128$10,173
Interest$107$2,242$1,098$3,447
Other Expenses$1,555$397$2$1,954
Conferences and Meetings$894--$894
Fees for Services Legal-$419-$419
Total Functional Expenses$2,431,107$319,583$297,418$3,048,108

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,405,319
Expenses per Audited Statements$3,048,108
Total Expenses per Form 990$3,048,108
Expenses Not Reported on Form 990$357,211
International Activity

International Summary

Offices
2
Employees
7
Spending
$271,025

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
IndiaProgram Servicesgeneral operations16$260,001
KenyaProgram Servicesgeneral operations11$11,024
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued payroll and PTO payable$91,550
Accrued sabbatical leave$58,214
Tenant deposit$2,914
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

Equalize Healh Name change and DBA.

Form 990, Part VI, Line 11B: Form 990 Review Process

The tax return is prepared by an outside accounting firm. After completion of said returns, the organization is sent a draft of the tax returns to be reviewed and examined. The organization makes copies of the returns and distributes to those individuals charged with governance. Those individuals at that time can review and if applicable discuss any line items in the return with the accountant who has prepared the return. If all items are found to be acceptable, an authorization is signed and provided to authorize the outside accounting firm to process, sign and provide copies of the returns to be filed (paper or electronically) with the designated governmental agencies. The tax returns are then signed by the organization, stamped and mailed with certified return receipt or the signed form 8879 is provided to the outside accounting firm allowing electronic filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Directors are asked to fill out and sign a conflict of interest statement annually.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board of directors has extensive knowledge of the non-profit sector anddetermines the executive compensation in a closed session each year. The board ofdirectors discussed the appropriate ceo salary based on non-profit salary surveydata for comparable non-profits and for-profits in the geographic area. Thedocumentation of deliberations and decisions is included in the board of directors'meeting minutes.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Federal Tax Returns are available at guidestar.org & charitynavigator.org.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents are available for public inspection at the principal place ofbusiness.the conflict of interest policy and the organization's financial statements areavailable upon request.

Filing and Contact Details

Filer

Filer Name
Equalize Health
EIN
26-0642778
Phone
4156421143
Address
695 MINNESOTA STREET, SAN FRANCISCO, CA 94107

Signing Officer

Name
Krista Donaldson
Title
Chief Exec Officer
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Krista Donaldson
Formed
2007
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
16
Volunteers
9

Preparer

Firm
Healy and Associates
Address
1200 CONCORD AVE STE 250, CONCORD, CA 94520
Preparer
Husne Siddiqui-Khan
Phone
9256030800
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

Equalize health formally launched our uq (short for user and market intelligence) teams in delhi and nairobi - with plans to expand to other high-impact regions. Uq is a cross-functional, continually-running engine for amplifying the user voice which leads equalize healths projects, business model formation, and scaling strategy. Uq thoroughly understands the local markets and actors, such as ministries of health, medical associations, subject matter experts, and other local stakeholders.

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: telementoring for india healthcare workers: with the aim of strengthening the healthcare systems where our products exist, equalize health partners with local government, ngos and medical associations to provide digital medical training and professional support to healthcare workers in resource constrained hospitals. At the start of the pandemic, demand surged as healthcare workers took on new patient caseloads and required quick and accessible training. By the end of 2020 1,722 healthcare workers were trained across 27 states other program services 5: impact assessment: equalize health invests in monitoring, evaluation, and assessment to: (1) inform ourselves and partners through transparent and accountable measurement of our work and outcomes, (2) inform our product development and iteration for long-term sustainable impact. All of our affordable, world-class products combined have treated over 1 million patients in over 70 countries (99% low- and middle-income) and we provided telementoring to over 1,700 healthcare workers.

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

COST OF GOODS SOLD $1051

Part XII, Line 2D: Other expenses and losses per audited F/S

COST OF GOODS SOLD $1051

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IRS990/MissionDesc0Equalize Health believes in a world where we all have access to world-class medical treatment, no matter where we live. Millions of people suffer and die from preventable or treatable conditions simply because they dont have access to the right treatment. Equalize Health is a not-for-profit medical technology company on a mission to change that. We do this by:1) identifying the biggest gaps and opportunities in health care where tech can do the most good,2) designing affordable, world-class medical products that work in the toughest circumstances, 3) partnering with both global and local actors to ensure our products get to those who need them most. We work across the globe, but with a specific focus in regions where health equity gaps are largest, including South Asia and East Africa.
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IRS990/ProgSrvcAccomActy2Grp/Desc0IN 2020, WE REVIEWED OUR MODEL AND EXPANDED ON EACH STAGE AS PART OF OUR EQUALIZE HEALTH 2030 STRATEGY: TO ACCELERATE GETTING GLOBAL HEALTH INNOVATION TO WHERE IT IS NEEDED MOST TO SAVE LIVES. THIS NEW MODEL OVERLAYS IMPACT-FOCUSED TECHNOLOGY WITH GLOBAL MEDTECH TO SUSTAINABLY EXTEND THE REACH OF LIFE-SAVING TECHNOLOGIES TO POPULATIONS WHO DONT HAVE ACCESS TO THEM.BLOOD LOSS MONITORING DEVICE IS THE FIRST PRODUCT IN THE 2030 STRATEGY. 93% OF POSTPARTUM HEMORRHAGE CASES DURING CHILDBIRTH ARE PREVENTABLE, YET IT IS THE LEADING CAUSE OF MATERNAL DEATH GLOBALLY. WE PARTNERED WITH A SOUTH AFRICAN OB-GYN TO DESIGN AND LAUNCH A DEVICE THAT QUICKLY AND ACCURATELY MEASURES BLOOD LOSS AND SIGNALS TO CLINICIANS THAT TREATMENT IS NEEDED.
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IRS990/ProgSrvcAccomActy3Grp/Desc0IMPACT ASSESSMENT: EQUALIZE HEALTH INVESTS IN MONITORING, EVALUATION, AND ASSESSMENT TO: (1) INFORM OURSELVES AND PARTNERS THROUGH TRANSPARENT AND ACCOUNTABLE MEASUREMENT OF OUR WORK AND OUTCOMES, (2) INFORM OUR PRODUCT DEVELOPMENT AND ITERATION FOR LONG-TERM SUSTAINABLE IMPACT. ALL OF OUR AFFORDABLE, WORLD-CLASS PRODUCTS COMBINED HAVE TREATED OVER 1 MILLION PATIENTS IN OVER 70 COUNTRIES (99% LOW- AND MIDDLE-INCOME) AND WE PROVIDED TELEMENTORING TO OVER 1,700 HEALTHCARE WORKERS.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.51$0.39$0.00$0.01$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.51$0.37$1.22$1.15$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.96$0.44$2.17$4.67$2.50
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$0.53$2.05$2.66$3.78$1.12
2020Detailed filing. Detailed filing data is available for this year.$3.46$0.37$3.10$4.83$3.05$1.78
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.07$1.31$2.55$2.28$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.51$1.04$2.03$1.98$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.59$1.00$1.92$1.83$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.54$0.91$2.04$1.47$0.57
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.56$0.34$1.90$1.39$0.51
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.55$0.01$1.53$1.65$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.53$0.39$0.14$1.25$1.31$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.11$0.20$0.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.05$0.23$0.59