FREEDOM HOUSE MINISTRIES

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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

2006

Legal Domicile

Principal Officer

Timothy Overby

Phone

9132628885

Tax Period

2023-06-01 to 2024-05-31

FREEDOM HOUSE MINISTRIES, founded in 2006, is a small nonprofit in the Education sector that reported $871K in total revenue in fiscal year 2023.

Mission

House of Hope Kansas City is unique, because we work with teens and their parents to find solutions and ultimately, restoration of healthy family relationships. We serve families in crisis with our program for residents to experience the transforming power of love and are equipped with tools to overcome negative influences and past trauma as they rebuild relationships with their parents. We serve families all over the Kansas City area and the Midwest region through our residential program. Our Counseling Center is equipped with Clinically trained, Biblically informed licensed counselors who provide services to teenage boys, teenage girls, and their families in the Kansas City area.

Program Service Accomplishments

Program 1

Expenses: $850,356 Revenue: $363,555

Fiscal year 2023-2024 brought numerous opportunities and challenges to House of Hope Kansas City as we progressed in our dream of having both a boys and girls residential therapeutic program. In...

Fiscal year 2023-2024 brought numerous opportunities and challenges to House of Hope Kansas City as we progressed in our dream of having both a boys and girls residential therapeutic program. In September 2023, we brought in our first male resident, and have since served five families through our Boys program, all while continuing to serve an average of 7-8 girls at any time in our girls residential therapeutic program. Overall, we served 35 families through our Residential programs and our outpatient "Family Counseling Center." House of Hope KC also saw a dramatic rise in generosity from financial partners, taking in over $430,000 in contributed support, with over 70 new first-time contributors. This support was needed to help combat rising inflation in all areas of the economy and as we launched the new initiative of our Boys residential program. House of Hope KC continued to see a strengthening of our community and church partners, and regular volunteers. House of Hope KC has maintained remarkable continuity in the "Lead Team" level of staffing, and most exciting of all, the "graduate" percentage of students in our program moved from 50% to over 75% in this past fiscal year.

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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 $467,220

Program Service Revenue $363,555

Investment Income $27,350

Other Revenue $12,615

TOTAL REVENUE $870,740

Expense Breakdown

Grants Paid $56,176

Salaries & Benefits $699,838

Fundraising Expenses $50,970

Program Expenses $850,356

Other Expenses $200,629

TOTAL EXPENSES $956,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$870,740	$883,724	0.0%
Expenses	$956,643	$908,982	+0.1%
Net Income	$-85,903	$-25,258	+2.4%

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

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

$93,189

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Overby	Executive Director	40	Officer	$93,189	$0	$93,189
Marilyn Thomas	Founder and President	0.77	Officer Director	$0	$0	$0
Matthew Severns	Chairman of the Board	0.77	Officer Director	$0	$0	$0
Jeremy Bull	Treasurer	0.58	Officer Director	$0	$0	$0
Aaron Jackson	Secretary	0.58	Officer Director	$0	$0	$0
Kimberly Sidden	Director	0.58	Director	$0	$0	$0
Martha Comment	Director	0.58	Director	$0	$0	$0
Marvin Daniels	Director	0.58	Director	$0	$0	$0
Sally Doane	Director	0.58	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
2024	No data	No data	No data	No data
2024	$870,740	$956,643	$1,306,292	$-85,903
2023	$883,724	$908,982	$1,470,121	$-25,258
2022	$790,831	$819,841	$1,459,486	$-29,010
2021	$747,186	$728,388	$1,542,377	$18,798
2020	$675,729	$712,175	$1,540,477	$-36,446
2019	$562,132	$700,842	$1,569,090	$-138,710