FREEDOM'S WAY HERITAGE ASSOCIATION INC (EIN 043219394) - 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

1994

Legal Domicile

Principal Officer

KARA FOSSEY

Phone

9787723654

Tax Period

2024-10-01 to 2025-09-30

FREEDOM'S WAY HERITAGE ASSOCIATION INC, founded in 1994, is a small nonprofit in the Environment sector that reported $505K in total revenue in fiscal year 2024. Expenses of $475K left a modest 6% surplus.

Mission

THE FREEDOM'S WAY NATIONAL HERITAGE AREA CONNECTS THE PEOPLE, PLACES, AND COMMUNITIES OF THE HERITAGE AREA THROUGH PRESERVATION, CONSERVATION, AND EDUCATIONAL INTIATIVES TO PROTECT AND PROMOTE OUR SHARED RESOURCES AND ENCOURAGE RESIDENTS AND VISITORS TO EXPLORE OUR LANDSCAPE, HISTORY, AND CULTURE.

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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 $483,137

Program Service Revenue $0

Investment Income $21,947

Other Revenue $0

TOTAL REVENUE $505,084

Expense Breakdown

Grants Paid $91,222

Salaries & Benefits $221,518

Fundraising Expenses $0

Program Expenses $387,570

Other Expenses $162,546

TOTAL EXPENSES $475,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$505,084	$483,963	+0.0%
Expenses	$475,286	$473,674	+0.0%
Net Income	$29,798	$10,289	+1.9%

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

477

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

$124,882

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCA BARRICELLI	PRESIDENT	5.00	Officer Director	$0	$0	$0
SUSAN FONDA	CLERK	2.00	Officer Director	$0	$0	$0
KARA FOSSEY	TREASURER	2.00	Officer Director	$0	$0	$0
JANE BECKER	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER LEAELL	DIRECTOR	2.00	Director	$0	$0	$0
PETER LOWITT	DIRECTOR	2.00	Director	$0	$0	$0
SARA SISAVICH	DIRECTOR	2.00	Director	$0	$0	$0
KISHA TRACY	DIRECTOR	2.00	Director	$0	$0	$0
PATRICE TODISCO	EXECUTIVE DIRECTOR	40.00	Officer	$124,882	$0	$124,882

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
2025	$505,084	$475,286	$798,999	$29,798
2024	$483,963	$473,674	$477,007	$10,289
2023	$421,416	$384,239	$463,800	$37,177
2022	$344,510	$345,609	$417,272	$-1,099
2021	$404,816	$396,881	$425,966	$7,935
2020	$310,215	$291,389	$421,457	$18,826
2019	$290,976	$307,116	$417,451	$-16,140
2018	$248,018	$257,938	$406,625	$-9,920

FREEDOM'S WAY HERITAGE ASSOCIATION INC