Civic Intelligence

Retirement Security Foundation

990 • Fiscal year 2023 • EIN 82-3988188

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 06, 2025

830 Glenwood Avenue Ste 510-288Atlanta, GA 30316

(347) 623-3365

Siviq Scores

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

Liabilities / Assets

71st percentile

0.14x

Higher debt load relative to assets than 71% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.04x

Higher debt load relative to revenue than 59% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

9th percentile

-42%

Higher net margin than 9% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

97th percentile

$261,999

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 26.3% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

3rd percentile

-56%

Faster asset growth than 3% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

25th percentile

-10%

Faster revenue growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$312,129

Down $390,672 (-56%) from 2022

Net Assets

Down

$269,019

Down $414,101 (-61%) from 2022

Liabilities

Up

$43,110

Up $23,429 (+119%) from 2022

Revenue

Down

$995,217

Down $111,264 (-10%) from 2022

Expenses

Up

$1,409,318

Up $361,026 (+34%) from 2022

Net Income

Down

-$414,101

Down $472,290 (-812%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2018: $605,093Liabilities 2018: $113,934Net Assets 2018: $491,1592018Assets 2019: $1,577,962Liabilities 2019: $45,631Net Assets 2019: $1,532,3312019Assets 2020: $863,096Liabilities 2020: $46,880Net Assets 2020: $816,2162020Assets 2021: $639,541Liabilities 2021: $14,610Net Assets 2021: $624,9312021Assets 2022: $702,801Liabilities 2022: $19,681Net Assets 2022: $683,1202022Assets 2023: $312,129Liabilities 2023: $43,110Net Assets 2023: $269,0192023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2023

Assets$312,129
Liabilities$43,110
Net Assets$269,019

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2018: $1,839,746Expenses 2018: $1,348,587Net Income 2018: $491,1592018Revenue 2019: $3,952,041Expenses 2019: $2,910,869Net Income 2019: $1,041,1722019Revenue 2020: $1,260,242Expenses 2020: $1,976,357Net Income 2020: -$716,1152020Revenue 2021: $893,018Expenses 2021: $1,084,303Net Income 2021: -$191,2852021Revenue 2022: $1,106,481Expenses 2022: $1,048,292Net Income 2022: $58,1892022Revenue 2023: $995,217Expenses 2023: $1,409,318Net Income 2023: -$414,1012023Expenses 2024: $30,5902024

Highlighted filing

2023

Revenue$995,217
Expenses$1,409,318
Net Income-$414,101
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 6, 2025
Return Version
2023v6.0
Gross Receipts
$995,217
Mission and Program Overview

Mission

Equable is a non-profit organization that educates and informs employees, retirees, and other stakeholders about how to create real retirement plan sustainability and accountability without sacrificing future income security.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$702,801$312,129▼ $390,672
Total Assets$702,801$312,129▼ $390,672
Liabilities
Accounts Payable and Accrued Expenses$19,681$43,110▲ $23,429
Total Liabilities$19,681$43,110▲ $23,429
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,097,782$616,449▼ $481,333
Net Assets Without Donor Restrictions$-414,662$-347,430▲ $67,232
Total Net Assets Fund Balance$683,120$269,019▼ $414,101
Total Liabilities and Net Assets / Fund Balance$702,801$312,129▼ $390,672
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anthony M RandazzoExecutive DirectorFT$239,999$22,000$261,999
Jonathan W MoodyVP of ResearchFT$144,000$11,200$155,200

Board Members and Trustees

NameTitle
Josh McGeeChairman
Dan LiljenquistDirector
Richard RavitchDirector
Stephen PattonDirector
Pete ConstantSecretary
Lois ScottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$980,011
Program Service Revenue
$15,150
Investment Income
$56
Other Revenue
$0
All Other Contributions
$980,011
Change in Net Assets
$-414,101

Audited Revenue Reconciliation

Revenue per Audited Statements
$995,217
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$995,217
Total Revenue per Form 990
$995,217
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$935,993
Other Expenses$278,325
Grants and Similar Amounts Paid$195,000
Total Fundraising Expense$2,353
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$518,000--$518,000
Current Officers, Directors, Trustees, and Key Employees$261,999--$261,999
Grants to Domestic Orgs$195,000--$195,000
Fees for Services Other$91,542$45,239-$136,781
Information Technology-$63,489-$63,489
Other Employee Benefits$53,311--$53,311
Payroll Taxes$53,081--$53,081
Pension Plan Contributions$49,602--$49,602
Travel$27,055--$27,055
Fees for Services Accounting-$17,150-$17,150
Fees for Services Legal-$14,464-$14,464
Office Expenses$1,254$2,399-$3,653
Occupancy-$2,334-$2,334
Other Expenses$1,653$284$258$1,911
Total Functional Expenses$1,256,245$150,720$2,353$1,409,318

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,409,318
Total Expenses per Audited Statements$1,409,318
Total Expenses per Form 990$1,409,318
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Reason FoundationWashington, DC-To increase support for policies that improve teacher pension systems, with the specific goal of minimizing the effect that pension debt has on education budgets.$180,000
Boston CollegeChestnut Hill, MA-To conduct a 50 state research of the specific administrative process by which employer retirement contributions are paid.$15,000
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
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
No
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, Section A, line 8B

The Organization does not have any committees to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11B

The 990 was completed in collaboration with the Executive Director, who was authorized by the board President. An approved copy was provided to all board members before filing.

Form 990, Part VI, Section B, line 12

Our policy is that board members are non-compensated individuals. The executive director and operations team ensure that no directors, officers, or other staff at the organization will reap a financial gain from a consulting contract given to an outside organization or other financial transaction with another organization.

Form 990, Part VI, Section B, line 15A

Compensation is determined by the Board of Directors.

Form 990, Part VI, Section C, line 19

The Organization makes its documents available upon request.

Filing and Contact Details

Filer

Filer Name
Equable Institute
EIN
82-3988188
Phone
3476233365
Address
830 Glenwood Avenue Ste 510-288, Atlanta, GA 30316

Signing Officer

Name
Anthony M Randazzo
Title
Executive Director
Phone
3478087192
Signed
2025-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony M Randazzo
Formed
2017
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
7
Volunteers
5

Preparer

Firm
Mersereau Lazenby & Rockas LLC
Address
3469 Lawrenceville-Suwanee Rd, Suwanee, GA 30024
Phone
7706146800
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

The organization did not change either its oversight process or selection process during the tax year.

Financial Statement Notes

Part X, Line 2:

US GAAP requires that uncertain tax positions be recognized in the financial statements when it is more likely than not, based on technical merits, that the position will be sustained upon examination. At December 31, 2023 and 2022, management has determined that the Organization had no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01259710
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03929966
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08133108
IRS990ScheduleA/TotalSupportAmt08134585
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01409318
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0995217
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0US GAAP requires that uncertain tax positions be recognized in the financial statements when it is more likely than not, based on technical merits, that the position will be sustained upon examination. At December 31, 2023 and 2022, management has determined that the Organization had no material uncertain tax positions that require recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01409318
IRS990ScheduleD/TotalRevenuePerForm990Amt0995217
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0995217
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01409318
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/CashGrantAmt1180000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To conduct a 50 state research of the specific administrative process by which employer retirement contributions are paid.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1To increase support for policies that improve teacher pension systems, with the specific goal of minimizing the effect that pension debt has on education budgets.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Boston College
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1The Reason Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0042103545
IRS990ScheduleI/RecipientTable/RecipientEIN1953298239
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0140 Commonwealth Avenue
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11747 Connecticut Avenue NW
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Chestnut Hill
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Washington
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1DC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002467
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd120009
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0239999
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1144000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt022000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt111200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Anthony M Randazzo
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Jonathan W Moody
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP of Research
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0261999
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1155200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization does not have any committees to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 was completed in collaboration with the Executive Director, who was authorized by the board President. An approved copy was provided to all board members before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Our policy is that board members are non-compensated individuals. The executive director and operations team ensure that no directors, officers, or other staff at the organization will reap a financial gain from a consulting contract given to an outside organization or other financial transaction with another organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation is determined by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization makes its documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization did not change either its oversight process or selection process during the tax year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0702801
IRS990/TotalAssetsEOYAmt0312129
IRS990/TotalAssetsGrp/BOYAmt0702801
IRS990/TotalAssetsGrp/EOYAmt0312129
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0980011
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02353
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0150720
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01256245
IRS990/TotalFunctionalExpensesGrp/TotalAmt01409318
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019681
IRS990/TotalLiabilitiesEOYAmt043110
IRS990/TotalLiabilitiesGrp/BOYAmt019681

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