FREEDOM FROM BONDAGE INC

EIN: 201440703 501(c)(3) Mental Health

Athens, GA

Total Revenue
$598,068
Total Expenses
$571,025
Total Assets
$796,000
Net Assets
$510,728
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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
GA
Principal Officer
L Kathryn Tate
Phone
7066218010
Tax Period
2025-01-01 to 2025-12-31

FREEDOM FROM BONDAGE INC, founded in 2004, is a small nonprofit in the Mental Health sector that reported $598K in total revenue in fiscal year 2025. Expenses of $571K left a modest 5% surplus.

Mission

Freedom from Bondage, Inc. is a non-profit organization whose sole purpose is to provide safe, sober housing for women who wish to get or remain sober and who lack resources for or access to a sober and drug-free environment.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $65,385
Program Service Revenue $532,683
Investment Income $0
Other Revenue $0
TOTAL REVENUE $598,068

Expense Breakdown

Grants Paid $0
Salaries & Benefits $187,348
Fundraising Expenses $0
Program Expenses $571,025
Other Expenses $383,677
TOTAL EXPENSES $571,025

Year-over-Year Comparison

2025 2024 Change
Revenue $598,068 $557,438 +0.1%
Expenses $571,025 $489,692 +0.2%
Net Income $27,043 $67,746 -0.6%
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

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Governance

Voting Members
6
Independent Members
6
Employees
7
Volunteers
6

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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kay Bridges Board Member 5
Director
$0 $0 $0
Nancy Brown Board Member 5
Director
$0 $0 $0
Jackie Burson Secretary 5
Officer Director
$0 $0 $0
Allie Davis Board Member 5
Director
$0 $0 $0
Kelly Goekjian Board Member 5
Director
$0 $0 $0
Ray Lattimore Board Member 5
Director
$0 $0 $0
L Kathyrn Tate Board Chair 5
Officer Director
$0 $0 $0
Charlene Chalmers Board Member 5
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
2025 $598,068 $571,025 $796,000 $27,043
2024 No data No data No data No data
2023 $557,131 $529,355 $869,014 $27,776
2022 $524,598 $472,331 $877,194 $52,267
2021 $462,341 $446,170 $844,215 $16,171
2020 $364,744 $351,319 $607,569 $13,425
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