FREESTORE INC (EIN 202732304) - 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

2005

Legal Domicile

Principal Officer

Diane Munns

Phone

5152823733

Tax Period

2023-01-01 to 2023-12-31

FREESTORE INC, founded in 2005, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 11% surplus.

Mission

To support children and families who have escaped abusive situations. The Freestore collects furniture and household goods donated by members of the community and gives them (at no cost) to clients of domestic violence services and other agencies as these families begin their new lives.

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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 $1,205,007

Program Service Revenue $25,124

Investment Income $10,359

Other Revenue $3,094

TOTAL REVENUE $1,243,584

Expense Breakdown

Grants Paid $929,000

Salaries & Benefits $0

Fundraising Expenses $5,910

Program Expenses $987,718

Other Expenses $173,126

TOTAL EXPENSES $1,102,126

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,243,584	$1,061,404	+0.2%
Expenses	$1,102,126	$931,762	+0.2%
Net Income	$141,458	$129,642	+0.1%

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

120

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
Martin Rathje	Board Member	24	Director	$0	$0	$0
Jean D Smith	Board Member	4	Director	$0	$0	$0
Michael H Smith	Board Member	12	Director	$0	$0	$0
Patrick McDermott	Board Member	7	Director	$0	$0	$0
Dave Busiek	Board Member	4	Director	$0	$0	$0
Diane Munns	Board Chair	4	Officer	$0	$0	$0
Gloria Gray	Board Chair Elect	7	Officer	$0	$0	$0
Lawrence Anderson	Treasurer	15	Officer	$0	$0	$0
Rachel McGrew	Secretary	4	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	$1,243,584	$1,102,126	$856,683	$141,458
2022	$1,061,404	$931,762	$672,684	$129,642
2021	$651,252	$595,925	$583,101	$55,327
2020	$562,780	$546,773	$485,643	$16,007
2019	$810,800	$783,094	$442,440	$27,706

FREESTORE INC