FREEDOM EARLY LEARNING CENTER (EIN 061643392) - 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

2002

Legal Domicile

Principal Officer

CHARLES GILFILLAN

Phone

6166693343

Tax Period

2024-07-01 to 2025-06-30

FREEDOM EARLY LEARNING CENTER, founded in 2002, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE LEARNING PROGRAMS AND DAY-CARE FOR PRE-SCHOOL CHILDREN

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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 $1,175,213

Investment Income $39

Other Revenue $1,583

TOTAL REVENUE $1,176,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $916,900

Fundraising Expenses $0

Program Expenses $1,146,328

Other Expenses $350,667

TOTAL EXPENSES $1,267,567

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,176,835	$1,172,637	+0.0%
Expenses	$1,267,567	$1,321,257	0.0%
Net Income	$-90,732	$-148,620	-0.4%

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

$39,500

Total Directors

$99,559

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES GILFILLAN	PRESIDENT	30.00	Officer Director	$39,500	$0	$39,500
JILL SNYDER	DIRECTOR	N/A	Officer Director	$0	$0	$0
SAMANTHA WALCOTT	DIRECTOR	40.00	Director	$60,059	$0	$60,059

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	$1,176,835	$1,267,567	$1,310,954	$-90,732
2024	$1,172,637	$1,321,257	$1,416,483	$-148,620
2023	$1,415,060	$1,368,250	$1,576,215	$46,810
2022	$1,803,538	$1,140,056	$1,585,121	$663,482
2021	$1,190,437	$949,371	$1,151,762	$241,066
2020	$838,555	$910,308	$944,140	$-71,753
2019	$1,004,833	$995,817	$879,466	$9,016

FREEDOM EARLY LEARNING CENTER