PROJECT FREEDOM INC (EIN 222532804) - 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

1984

Legal Domicile

Principal Officer

TRACEE BATTIS

Phone

6092780075

Tax Period

2023-01-01 to 2023-12-31

PROJECT FREEDOM INC, founded in 1984, is a community nonprofit in the Human Services sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 154% from the prior year, signaling strong growth momentum. The organization ran a surplus of $901K, a strong 29% operating margin.

Mission

1. TO PROVIDE AN ENVIRONMENT WHERE THE PHYSICALLY DISABLED HAVE THE OPPORTUNITY TO BE EMPLOYED AND HAVE A FAMILY, CONTRIBUTE TO SOCIETY, AND MAKE LIFESTYLE CHOICES.2. TO PROVIDE HOUSING THAT IS ACCESSIBLE TO LOW AND MODERATE INCOME PERSONS WITH DISABILITIES.

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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 $580,608

Program Service Revenue $2,429,879

Investment Income $25,295

Other Revenue $110,950

TOTAL REVENUE $3,146,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,594,850

Fundraising Expenses $58,046

Program Expenses $355,282

Other Expenses $650,415

TOTAL EXPENSES $2,245,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,146,732	$1,238,585	+1.5%
Expenses	$2,245,265	$2,249,242	0.0%
Net Income	$901,467	$-1,010,657	-1.9%

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

$471,510

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL SURTZ	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
TIMOTHY J LUTZ	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARK E LACCETTI	TREASURER	1.00	Officer Director	$0	$0	$0
GARY R BACKINOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK BLAIR	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY BOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT BUDA JR	SECRETARY	1.00	Director	$0	$0	$0
SCOTT ELLIOT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK MARKOVICH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID R FRAYTAK	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEREE SACHS MCGOWAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES COLITSAS	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACEE BATTIS	EXECUTIVE DIRECTOR - CEO	40.00	Director	$185,016	$0	$185,016
NORMAN A SMITH	ASSOCIATE EXECUTIVE DIRECT	40.00	Director	$0	$0	$0
STEPHEN J SCHAEFER	CFO	40.00	Director	$149,994	$0	$149,994
ANNE HAMLIN	DIRECTOR OF HOUSING DEVELO	40.00	Director	$136,500	$0	$136,500
C HERBERT SCHNEIDER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY GOEPFERT	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM WOLF	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$3,146,732	$2,245,265	$15,492,075	$901,467
2022	$1,238,585	$2,249,242	$15,085,002	$-1,010,657
2021	$3,011,195	$1,989,509	$15,651,251	$1,021,686
2020	$3,325,760	$1,688,228	$14,832,610	$1,637,532
2019	$1,078,314	$1,533,169	$13,012,203	$-454,855
2018	$1,442,992	$1,499,036	$12,962,768	$-56,044

PROJECT FREEDOM INC