Totals
- Total revenue
- $13
- Total expenses
- $12,048
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $13
- Other revenue
- $0
- Total assets, end of year
- $119,797
- Total liabilities, end of year
- $505,931
- Net assets or fund balances, end of year
- -$386,134
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $12,048
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
3 · Investment income
total $13 · excluded $13
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $1,278 · management and general $1,278
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,068 · management and general $1,068
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $2,008 · management and general $2,008
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Wage Settlement
total $6,704 · management and general $6,704
-
24b · Other expenses: Utilities
total $890 · management and general $890
-
24c · Other expenses: Bank Fees
total $80 · management and general $80
-
24d · Other expenses: CA SOS Fees
total $20 · management and general $20
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $121,561 · end of year $119,797
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $10,271 · end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $505,931 · end of year $505,931
-
27 · Net assets without donor restrictions
beginning of year -$374,099 · end of year -$386,134
Mission and programs · 2024
Mission
Equalize 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.
Activities or mission (Part I)
Equalize health is a not-for-profit medical technology company whose mission is to create medical technology for everyone. Equalize Health's products are sold in 75+ countries, and have treated over 1 million patients.On January 10, 2023, Equalize Health (the Assignor), executed a general assignment for the benefit of creditors (ABC) in favor of EH Restructuring LLC, (the Assignee). This action was taken and approved with the authorization and consent of the Assignor's Board of Directors, and it was accepted by the Assignee after efforts to restructure, recapitalize, and combine with a similar entity were unsuccessful.Under the California Code of Civil Procedure as part of the wind-down process for a general assignment, all assets of the Assignor were transferred to the Assignee, an entity formed for the purpose of selling the Assignor's assets and distributing the proceeds to creditors in order of priority under applicable California law.On the effective date of the general assignment
-
nCPAP: Secured a groundbreaking partnership with Draeger formed to commercialize FlowLite, increasing its capacity to reach newborns with RDS in the hardest to reach places globally. FlowLite Usability Study in India, spanning 13 locations, 6 states, 37 healthcare facilities, and 108 healthcare stakeholders surrounding usability, use setting, voice of customer, safety, and current standard of care.As a result of the wind-down process for general assignment, the Organization conducted no programs during the year ended December 31, 2024.
-
Equalize 2030 Model: We fully implemented our strategy and operating model of "Equalize Health 2030" to partner with local innovators to accelerate global health innovation to where it is needed most to save lives. Partnerships were formed for the First 3 Technologies, namely, with Southern Africa OB-GYN and World-Renowned Postpartum Hemorrhage expert, to launch maternawell tray, a simple innovation that will address the leading cause of maternal mortality.As a result of the wind-down process for general assignment, the Organization conducted no programs during the year ended December 31, 2024.
-
Telementoring for healthcare workers in India and Kenya 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. By the end of 2022, 2,375 healthcare workers were trained.As a result of the wind-down process for general assignment, the Organization conducted no programs during the year ended December 31, 2024.
-
Brilliance: Equalize Health's flagship line of products to manage severe newborn jaundice surpassed treating 1 million babies in late 2020. We partnered with local distributors in East Africa to increase usage of Brilliance in the region, an area where newborn mortality rates are some of the highest in the world. As Brilliance continues to scale via the market, the cost of photo-therapy devices continues to decrease globally.As a result of the wind-down process for general assignment, the Organization conducted no programs during the year ended December 31, 2024.
-
Impact assessment: the organization passed the milestone of 1 million averted DALYS in 2021 from patients treated with Equalize Health's devices.As a result of the wind-down process for general assignment, the Organization conducted no programs during the year ended December 31, 2024.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
William R Brinkman
Mgr of Assignee
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349309277
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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