Traverse City, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Freedom Builders of America, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $653K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $279K, a strong 43% operating margin.
Freedom Builders connects the family of God with the disadvantaged through volunteer opportunities serving housing assistance projects. Our process includes assessing needs, evaluating available resources,then connecting the local church with opportunities to meet those needs.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $652,529 | $512,144 | +0.3% |
| Expenses | $373,928 | $411,474 | -0.1% |
| Net Income | $278,601 | $100,670 | +1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Harold Skip Brown | Executive Director | 40.00 |
Officer
Key Emp
|
$55,000 | $5,592 | $60,592 |
| Dan Call | Board Member | 4.00 |
Director
|
$0 | $0 | $0 |
| Glenn Coughenour | Treasurer | 8.00 |
Director
|
$0 | $0 | $0 |
| Ken Foster | Board Chair | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Chris McCrumb | Secretary | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $652,529 | $373,928 | $601,111 | $278,601 |
| 2023 | $512,144 | $411,474 | $309,606 | $100,670 |
| 2022 | $287,490 | $379,546 | $199,725 | $-92,056 |
| 2021 | $370,848 | $348,343 | $295,226 | $22,505 |
| 2020 | $330,022 | $296,611 | $299,582 | $33,411 |
| 2020 | $344,217 | $296,611 | $313,777 | $47,606 |
| 2019 | $341,403 | $296,664 | $264,386 | $44,739 |
| 2018 | $364,048 | $382,417 | $221,884 | $-18,369 |
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