FREEDOM CO-OP INC (EIN 203753570) - 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

SUZANNE S COLSEY

Phone

9016035864

Tax Period

2024-01-01 to 2024-12-31

FREEDOM CO-OP INC, founded in 2005, is a micro nonprofit in the Human Services sector that reported $89K in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE FREEDOM CO-OP, INC IS TO PROVIDE THE SUPPORTS AND SERVICES NEEDED FOR SERVICE RECEIPIENTS TO LIVE A PRODUCTIVE AND INCLUSIVE LIFE, SURROUNDED BY FRIENDS WHO LOVE AND CARE FOR THEM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $88,690

Investment Income $0

Other Revenue $0

TOTAL REVENUE $88,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,234

Fundraising Expenses $0

Program Expenses $78,458

Other Expenses $13,336

TOTAL EXPENSES $89,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,690	$87,203	+0.0%
Expenses	$89,570	$115,840	-0.2%
Net Income	$-880	$-28,637	-1.0%

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

$11,145

Total Directors

$11,145

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA DUKE	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL HEINRICH	MEDIATOR/MEDICAL RECORDS	1.00	Director	$0	$0	$0
GREG BETHEA	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE COLSEY	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$11,145

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	$88,690	$89,570	$5	$-880
2023	$87,203	$115,840	$217	$-28,637
2022	$81,794	$94,090	No data	$-12,296
2021	$73,680	$110,676	$2,007	$-36,996
2020	$95,885	$116,273	$38,598	$-20,388
2019	$114,906	$116,667	$59,178	$-1,761
2018	$148,233	$143,023	$61,006	$5,210

FREEDOM CO-OP INC