FREEDOM FARM MINISTRIES (EIN 205659740) - 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

Phone

8282977707

Tax Period

2023-01-01 to 2023-12-31

FREEDOM FARM MINISTRIES, founded in 2006, is a small nonprofit that reported $839K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $169K, a strong 20% operating margin.

Mission

To establish a Christian regeneration center, safe house, and transitional living center for men suffering from chemical/alcohol addiction.

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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 $175,325

Program Service Revenue $262,805

Investment Income $244,525

Other Revenue $156,499

TOTAL REVENUE $839,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,294

Fundraising Expenses $13,888

Program Expenses $570,054

Other Expenses $480,756

TOTAL EXPENSES $670,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$839,154	$754,493	+0.1%
Expenses	$670,050	$680,523	0.0%
Net Income	$169,104	$73,970	+1.3%

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

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

$24,124

Total Directors

$24,124

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Quigley	Executive Dir.	40.00	Officer Director	$24,124	$0	$24,124
Craig Ritchie	President	1.00	Officer Director	$0	$0	$0
David Bong	Treasurer	1.00	Officer Director	$0	$0	$0
Leila Erwin	Secretary	1.00	Officer Director	$0	$0	$0
Faythe Furman	Trustee	1.00	Director	$0	$0	$0
Brewer Logan	Trustee	1.00	Director	$0	$0	$0
Caleb Drown	Trustee	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$839,154	$670,050	$1,014,290	$169,104
2022	$754,493	$680,523	$864,839	$73,970
2021	$750,200	$680,236	$861,175	$69,964
2021	$750,200	$680,236	$861,175	$69,964
2020	$739,734	$702,770	$597,013	$36,964
2019	$556,119	$593,841	$449,051	$-37,722
2018	$499,430	$528,931	$429,969	$-29,501

FREEDOM FARM MINISTRIES