EXPLORE FREEDOM SERVICES INC (EIN 020772791) - 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

2006

Legal Domicile

Phone

8187820647

Tax Period

2024-01-01 to 2024-12-31

EXPLORE FREEDOM SERVICES INC, founded in 2006, is a community nonprofit in the Human Services sector that reported $9.5M in total revenue in fiscal year 2024. Expenses of $8.3M left a modest 12% surplus.

Mission

PROVIDE SUPPORTED LIVING SERVICES TO ADULTS WITH DEVELOPMENTAL DISABILITIES.

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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 $0

Program Service Revenue $9,473,402

Investment Income $371

Other Revenue $0

TOTAL REVENUE $9,473,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,653,559

Fundraising Expenses $0

Program Expenses $7,807,083

Other Expenses $670,491

TOTAL EXPENSES $8,324,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,473,773	$9,476,350	0.0%
Expenses	$8,324,050	$8,243,473	+0.0%
Net Income	$1,149,723	$1,232,877	-0.1%

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

209

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

$591,184

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSEMARIE NAVARRO-MENDEZ	President	40.00	Officer	$309,384	$23,825	$333,209
GERALDINE LABOVITZ-CLAY	Treasurer	40.00	Officer	$241,366	$16,609	$257,975

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	No data	No data	No data	No data
2024	$9,473,773	$8,324,050	$8,910,589	$1,149,723
2023	$9,476,350	$8,243,473	$7,755,630	$1,232,877
2022	$8,968,737	$8,179,086	$6,521,828	$789,651
2021	$7,725,729	$6,931,064	$5,733,420	$794,665
2020	$7,589,582	$6,625,546	$4,936,076	$964,036
2019	$6,958,917	$6,096,502	$3,967,001	$862,415
2018	$6,749,815	$5,852,549	$3,104,586	$897,266

EXPLORE FREEDOM SERVICES INC