Visit Freeport (EIN 010428597) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

Jay S Paulus

Phone

2078651040

Tax Period

2024-01-01 to 2024-12-31

Visit Freeport, founded in 1977, is a small nonprofit in the Community Improvement sector that reported $516K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

Through the annual support of our members, we market Freeport as a travel destination and promote member businesses to the people who come to Freeport and visit us online at our digital destinations.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $181,460

Program Service Revenue $334,567

Investment Income $0

Other Revenue $0

TOTAL REVENUE $516,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,079

Fundraising Expenses $0

Program Expenses $531,288

Other Expenses $365,209

TOTAL EXPENSES $531,288

Year-over-Year Comparison

	2024	2023	Change
Revenue	$516,027	$438,536	+0.2%
Expenses	$531,288	$453,270	+0.2%
Net Income	$-15,261	$-14,734	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$65,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelly Edwards	Executive Director	040.00	Key Emp Highest	$65,000	$0	$65,000
Chip Burnham	Director	001.00	Officer Director	$0	$0	$0
Jay Paulus	Ex-Officio	001.00	Director	$0	$0	$0
Kristin Frazier	President	001.00	Officer Director Key Emp	$0	$0	$0
Andrew Lombardi	Director	001.00	Director	$0	$0	$0
Emily Carter	Directior	001.00	Director	$0	$0	$0
Sharyn Peavey	Director	001.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$516,027	$531,288	$190,577	$-15,261
2023	$438,536	$453,270	$209,284	$-14,734
2022	$417,925	$439,343	$235,650	$-21,418
2021	$298,267	$278,760	$244,785	$19,507
2020	$263,684	$266,454	$205,852	$-2,770
2019	$311,330	$335,760	$221,786	$-24,430
2018	$324,955	$318,964	$265,678	$5,991

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