FREEDOM CHALLENGE INC (EIN 203485264) - 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

DONALD STARNES

Phone

3166190721

Tax Period

2023-01-01 to 2023-12-31

FREEDOM CHALLENGE INC, founded in 2005, is a small nonprofit in the Religion sector that reported $293K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $277K left a modest 5% surplus.

Mission

PROVIDE CHARITABLE, RELIGIOUS, AND EDUCATION ASSISTANCE TO PERSONS ASSOCIATED WITH THE CRIMINAL JUSTICE SYSTEM.

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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 $97,246

Program Service Revenue $189,568

Investment Income $32

Other Revenue $6,169

TOTAL REVENUE $293,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,004

Fundraising Expenses $1,324

Program Expenses $186,234

Other Expenses $173,183

TOTAL EXPENSES $277,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$293,015	$243,418	+0.2%
Expenses	$277,187	$229,944	+0.2%
Net Income	$15,828	$13,474	+0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENDALL CONNOR	DIRECTOR	2.00	Director	$0	$0	$0
JAMES GANYON	DIRECTOR	2.00	Director	$0	$0	$0
OSCAR GOMEZ	TREASURER	2.00	Officer Director	$0	$0	$0
KEN HADDAWAY	DIRECTOR	2.00	Director	$0	$0	$0
DONALD STARNES	EX DIR/PRESI	50.00	Officer Director	$0	$0	$0
GAIL STARNES	SECRETARY	4.00	Officer 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
2023	$293,015	$277,187	$87,491	$15,828
2022	$243,418	$229,944	$49,545	$13,474
2021	$273,369	$259,367	$43,661	$14,002

FREEDOM CHALLENGE INC