FREEHART INC (EIN 205696346) - 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

WENDELL HUTCHESON

Phone

9125306719

Tax Period

2022-01-01 to 2022-12-31

Mission

COUNSELING AND REHABILITATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,661

Other Expenses $6,661

TOTAL EXPENSES $6,661

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$211,196	-1.0%
Expenses	$6,661	$193,824	-1.0%
Net Income	N/A	$17,372	N/A

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

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
WENDELL HUTCHINSON	EXECUTIVE DIRECTOR	40.00	Key Emp	$0	$0	$0
MICHAEL TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY GILBERT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WILDER	DIRECTOR	1.00	Director	$0	$0	$0
GUYVIE BEASLEY	DIRECTOR	1.00	Director	$0	$0	$0
RALPH JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
EAMMIE WILLIS-THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
RICKY PRUITT	DIRECTOR	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
2022	No data	$6,661	$6,661	No data
2021	$211,196	$193,824	$132,347	$17,372
2018	$260,104	$250,005	$126,683	$10,099

FREEHART INC