FREEDOM GARDENS FOR THE HANDICAPPEDINC (EIN 131936591) - 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

1958

Legal Domicile

Principal Officer

KEVIN HELD

Phone

9145283900

Tax Period

2023-01-01 to 2023-12-31

FREEDOM GARDENS FOR THE HANDICAPPEDINC, founded in 1958, is a small nonprofit in the Housing & Shelter sector that reported $151K in total revenue in fiscal year 2023. Expenses of $232K exceeded revenue, resulting in a 54% operating deficit.

Mission

HOUSING FOR PHYSICALLY HANDICAPPED ADULTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,753

Program Service Revenue $147,830

Investment Income $1,075

Other Revenue $-1,115

TOTAL REVENUE $150,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,841

Other Expenses $231,629

TOTAL EXPENSES $231,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$150,543	$155,856	0.0%
Expenses	$231,629	$181,496	+0.3%
Net Income	$-81,086	$-25,640	+2.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANK KORNFELD	BOARD MEMBER	5.00	Director	$0	$0	$0
PETER CANCRO	BOARD MEMBER	5.00	Director	$0	$0	$0
PAUL PLOTNICK	BOARD MEMBER	5.00	Director	$0	$0	$0
ED HERZOG	PRESIDENT/CO-TREASURER	5.00	Officer	$0	$0	$0
KEVIN HELD	SECRETARY/CO-TREASURER	5.00	Officer	$0	$0	$0
BOB FOLEY	PUBLIC RELATIONS ADVISOR	5.00	Officer	$0	$0	$0
STEWART GASS	SECRETARY	5.00	Officer	$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
2024	No data	No data	No data	No data
2023	$150,543	$231,629	$1,357,764	$-81,086
2022	$155,856	$181,496	$1,433,775	$-25,640
2021	$156,470	$168,245	$1,425,043	$-11,775
2020	$154,807	$159,554	$1,282,187	$-4,747
2019	$149,381	$174,834	$1,288,911	$-25,453
2018	$144,565	$170,521	$1,317,430	$-25,956

FREEDOM GARDENS FOR THE HANDICAPPEDINC