FREEDOM HOUSE INC (EIN 222638093) - 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

1986

Legal Domicile

Principal Officer

JOE PICARIELLO

Phone

9086175492

Tax Period

2024-01-01 to 2024-12-31

FREEDOM HOUSE INC, founded in 1986, is a community nonprofit in the Mental Health sector that reported $4.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.9M left a modest 8% surplus.

Mission

THE ORGANIZATION PROVIDES HOUSING, MEALS AND COUNSELING FOR ADULTS WHO ARE RECOVERING FROM ALCOHOL AND DRUG ADDICTION AND WHO ARE AT A HIGH RISK OF RELAPSE WITHOUT FURTHER TREATMENT.

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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 $1,233,168

Program Service Revenue $2,948,421

Investment Income $26,779

Other Revenue $98,318

TOTAL REVENUE $4,306,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,270,183

Fundraising Expenses $226,213

Program Expenses $2,965,073

Other Expenses $1,675,746

TOTAL EXPENSES $3,945,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,306,686	$3,966,664	+0.1%
Expenses	$3,945,929	$3,935,381	+0.0%
Net Income	$360,757	$31,283	+10.5%

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

$249,198

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANKLIN D SANDERS JR	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRISTOPHER TREANOR	TRUSTEE	0.75	Director	$0	$0	$0
PETER OLSEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TRACEY ANT	SECRETARY	0.75	Officer Director	$0	$0	$0
DAVID W JOHNSON	TRUSTEE	0.75	Director	$0	$0	$0
ERIN CALVEY	TRUSTEE	0.75	Director	$0	$0	$0
VINCENT C TIZZIO	TRUSTEE	0.75	Director	$0	$0	$0
BRIAN REGAN	TRUSTEE	0.75	Director	$0	$0	$0
MARK M SCOTT	TRUSTEE	0.75	Director	$0	$0	$0
WILLIAM HENDRY	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA KOHLLER	TRUSTEE	0.75	Director	$0	$0	$0
CAMPBELL HAND	TRUSTEE	0.75	Director	$0	$0	$0
GREGG FRANKEL	TRUSTEE	0.75	Director	$0	$0	$0
JOSEPH PICARIELLO	DIRECTOR OF FINANCE	40.00	Officer	$110,416	$2,340	$112,756
GALINDO KING	EXECUTIVE DIRECTOR	40.00	Officer	$120,171	$16,271	$136,442

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	$4,306,686	$3,945,929	$3,063,972	$360,757
2023	$3,966,664	$3,935,381	$2,066,675	$31,283
2022	$3,588,790	$3,350,686	$2,346,605	$238,104
2021	$3,064,307	$2,937,153	$1,694,383	$127,154
2020	$3,193,515	$2,805,542	$1,564,528	$387,973
2019	$2,898,491	$2,766,496	$1,155,062	$131,995
2018	$2,650,177	$2,492,926	$1,018,973	$157,251

FREEDOM HOUSE INC