FREEDOM HOUSE (EIN 204427718) - 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

2006

Legal Domicile

Principal Officer

ANN REILLY

Phone

3362867622

Tax Period

2023-01-01 to 2023-12-31

FREEDOM HOUSE, founded in 2006, is a community nonprofit in the Mental Health sector that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $4.3M left a modest 10% surplus.

Mission

FREEDOM HOUSE IS A LONG-TERM, ADDICTION-RECOVERY PROGRAM THAT RESCUES, RESTORES, AND REDEEMS THE LIVES OF WOMEN AND THEIR CHILDREN IN A CHRIST- CENTERED, FAMILY ENVIRONMENT. IN JULY 2006, FREEDOM HOUSE ADMITTED ITS FIRST RESIDENTS AND BEGAN THE WORK OF CHANGING LIVES ONE FAMILY AT A TIME. THE PRIMARY GOAL WAS TO PROVIDE A SAFE AND LOVING ENVIRONMENT FOR THE RESIDENTS TO HEAL AND RESTORE THEIR LIVES AS THEY EXPERIENCED THE LORDS REDEMPTIVE POWER AND TO TEACH THEM HOW TO MAINTAIN THIS HEALTHY LIFESTYLE AND BECOME STRONG MOTHERS THAT COULD CARE FOR THEIR CHILDREN WELL. FOR 17 YEARS, FREEDOM HOUSE HAS BEEN A SUCCESSFUL, TWELVE-MONTH RESIDENTIAL PROGRAM WHERE WOMEN OVERCOME THEIR ADDICTIONS AND REUNITE WITH THEIR FAMILIES. AFTER COMPLETING OUR RESIDENTIAL AND AFTERCARE PROGRAMS, OUR MOTHERS RETURN TO MAINSTREAM SOCIETY AS PRODUCTIVE CITIZENS, FREE FROM THE ADDICTIONS THAT ONCE THREATENED THEIR LIVES, AND ARE ABLE TO PROVIDE AN ENVIRONMENT WHERE THEIR CHILDREN CAN FLOURISH.

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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 $2,484,314

Program Service Revenue $2,127,461

Investment Income $10,964

Other Revenue $133,681

TOTAL REVENUE $4,756,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,084,909

Fundraising Expenses $70,865

Program Expenses $4,083,539

Other Expenses $3,184,167

TOTAL EXPENSES $4,269,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,756,420	$3,595,887	+0.3%
Expenses	$4,269,076	$3,127,513	+0.4%
Net Income	$487,344	$468,374	+0.0%

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

Employees

Volunteers

161

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
ANN REILLY	PRESIDENT	N/A	Officer Director	$0	$0	$0
KENNETH CRAWFORD	VP & TREASUR	N/A	Officer Director	$0	$0	$0
COE STROTHER	SECRETARY	N/A	Officer Director	$0	$0	$0
ZAIDA NEWKIRK	BOARD MEMBER	N/A	Director	$0	$0	$0
HOUSTON CORE	EXECUTIVE DI	N/A	Officer	$0	$0	$0
SALLIE SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
CHAD LYNAM	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$4,756,420	$4,269,076	$3,580,283	$487,344
2022	$3,595,887	$3,127,513	$3,070,544	$468,374
2021	$3,147,037	$2,728,674	$2,606,208	$418,363
2020	$2,446,909	$2,201,568	$2,191,816	$245,341
2019	$2,322,900	$2,062,742	$1,944,418	$260,158
2018	$2,427,342	$1,808,409	$2,100,028	$618,933

FREEDOM HOUSE