FREEDOM FOUNDATION DBA SOMETHING NEW (EIN 203466419) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Principal Officer

BECCA ARMSTRONG

Phone

7205813900

Tax Period

2022-01-01 to 2022-12-31

FREEDOM FOUNDATION DBA SOMETHING NEW, founded in 2007, is a micro nonprofit that reported $6K in total revenue in fiscal year 2022. Revenue fell 101% from the prior year — a significant decline worth monitoring.

Mission

THIS IS WHERE WE'RE SUPPOSED TO TELL YOU EXACTLY WHO WE ARE AND WHAT WE DO IN 200 WORDS. TRUE CONFESSION: WE CAN'T DO THAT. WHAT WE'VE DONE BEFORE ISN'T NECESSARILY WHAT WE'LL BE DOING IN THE FUTURE. THAT'S BECAUSE WE CONSIDER EACH AND EVERY NEED THAT CROSSES OUR PATH. AND WHILE WE KNOW THE IMPACT WE MAKE IS DEEP AND PERSONAL AND LIFE-CHANGING, THE OUTCOMES AREN'T ALWAYS MEASURABLE. THESE ARE SOME OF THE REASONS BIG MONEY DOESN'T KNOW WHAT TO DO WITH US AND MOST OF OUR FUNDING COMES FROM HIGHLY-COMMITTED, MUCH APPRECIATED GRASSROOTS SUPPORTERS. WHILE THE WORK WE DO DOESN'T FIT INTO A NEAT LITTLE PACKAGE, WE CAN SAY THIS: - WE PROVIDE RESOURECES AND SUPPORT FOR PEOPLE AND ORGANIZATIONS ALREADY DOINT IMPORTANT WORK (SOMETIMES). - WE BUILDING PROGRAMS TO TACKLE PROJECTS ON OUR OWN (SOMETIMES). - WE OPERATE FROM A PRINCIPLE THAT GUIDES US WHERE WE GO AND ANCHORS US ONCE WE'RE THERE (ALL THE TIME). THAT ANCHORING TRUTH IS THAT EVERYONE HAS A UNIQUE GIFT TO GIVE THEIR FELLOW HUMANS. USING TH

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,748

Program Service Revenue $0

Investment Income $-8,052

Other Revenue $0

TOTAL REVENUE $-6,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,927

Other Expenses $9,234

TOTAL EXPENSES $9,234

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-6,304	$546,329	-1.0%
Expenses	$9,234	$603,977	-1.0%
Net Income	$-15,538	$-57,648	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

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
BECCA ARMSTRONG	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
JOHN GAINEY	DIRECTOR	N/A	Director	$0	$0	$0
BARAK GIBSON	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT HADWIGER	DIRECTOR	N/A	Director	$0	$0	$0
MARK ISHERWOOD	DIRECTOR	N/A	Director	$0	$0	$0
JILL JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
LAURA MAKARAOFF	DIRECTOR	N/A	Director	$0	$0	$0
FONTELLA PAPPAS	DIRECTOR	N/A	Director	$0	$0	$0
DAN VAUGHN	DIRECTOR	N/A	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
2022	$-6,304	$9,234	No data	$-15,538
2021	$546,329	$603,977	$16,014	$-57,648
2020	$9,165	$550,885	$79,113	$-541,720
2019	$344,549	$220,142	$659,008	$124,407
2018	$243,526	$273,780	$530,705	$-30,254

FREEDOM FOUNDATION DBA SOMETHING NEW