LET FREEDOM RING INC

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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

2004

Legal Domicile

Principal Officer

COLIN HANNA

Phone

6107931800

Tax Period

2018-01-01 to 2018-12-31

LET FREEDOM RING INC, founded in 2004, is a micro nonprofit in the Public & Societal Benefit sector that reported $81K in total revenue in fiscal year 2018. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $711K exceeded revenue, resulting in a 773% operating deficit.

Mission

TO PROMOTE CONSTITUTIONAL GOVERNMENT, ECONOMIC FREEDOM, AND TRADITIONAL VALUES. IT FULFILLS THIS MISSION BY INFORMING THE ELECTORATE ABOUT IMPORTANT PUBLIC POLICY ISSUES WHICH AFFECT OUR LIVES DIRECTLY OR INDIRECTLY.

Program Service Accomplishments

Program 1

Expenses: $556,069

GENERAL PUBLIC ADVOCACY-ALL EXPENSES INCURRED TO EDUCATE THE GENERAL PUBLIC AND INFORM THE ELECTORATE ABOUT CONSTITUTIONAL GOVERNMENT, ECONOMIC FREEDOM, AND TRADITIONAL VALUES INCLUDING EXPENSES FOR PUBLICATIONS, ARTICLES FOR NEWSLETTERS, AND GRANTS TO OTHER ORGANIZATIONS SEEKING SIMILAR ORGANIZATIONAL PURPOSES. IN ADDITION, ONE SPECIFIC PROJECT WAS MANAGED DURING THE YEAR: MR. DOUGLASS - MR. DOUGLASS IS A DEVELOPMENTAL FILM PROJECT THAT TELLS THE STORY OF THE FAMED 19TH CENTURY ABOLITIONIST WHO BEGAN HIS LIFE AS A SLAVE. HE ROSE TO A POSITION OF ESTEEM; HE WAS NATIONALLY FAMOUS AS A WRITER, EDUCATOR, AND ORATOR; BECAME A CLOSE ADVISOR TO PRESIDENT LINCOLN, AND WAS THE FIRST AFRICAN AMERICAN APPOINTED AS AN AMBASSADOR. HIS STORY EXEMPLIFIES THE REALIZATION OF MANY OF THE IDEALS OF OUR CONSTITUTION, DECLARATION OF INDEPENDENCE, AND THE MISSION STATEMENT OF LET FREEDOM RING.

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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 (2018)

Revenue Breakdown

Contributions & Grants $81,449

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $81,449

Expense Breakdown

Grants Paid $8,688

Salaries & Benefits $78,973

Fundraising Expenses $24,600

Program Expenses $556,069

Other Expenses $623,046

TOTAL EXPENSES $710,707

Year-over-Year Comparison

	2018	2017	Change
Revenue	$81,449	$110,619	-0.3%
Expenses	$710,707	$1,047,260	-0.3%
Net Income	$-629,258	$-936,641	-0.3%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLIN HANNA	PRESIDENT	55.00	Officer Director	$0	$0	$0
VALERIE MARTIN	TREASURER	1.00	Officer Director	$0	$0	$0
CURTIS CHEYNEY III	SECRETARY	1.00	Officer Director	$0	$0	$0
EDWARD TURZANSKI	DIRECTOR	1.00	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
2018	$81,449	$710,707	$218,705	$-629,258