DEREK FREESE FILM FOUNDATION (EIN 232873279) - 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

1996

Legal Domicile

Principal Officer

DAVID FREESE

Phone

2158778050

Tax Period

2021-01-01 to 2021-12-31

DEREK FREESE FILM FOUNDATION, founded in 1996, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $5K in total revenue in fiscal year 2021. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $24K exceeded revenue, resulting in a 418% operating deficit.

Mission

PROMOTE SOCIAL WELFARE AND EDUCATION. PROVIDE AWARDS TO INDIVIDUALS FOR THEIR PARTICIPATION IN FILM MAKING.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $4,692

Other Revenue $0

TOTAL REVENUE $4,692

Expense Breakdown

Grants Paid $22,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,500

Other Expenses $1,787

TOTAL EXPENSES $24,287

Year-over-Year Comparison

	2021	2020	Change
Revenue	$4,692	$9,574	-0.5%
Expenses	$24,287	$48,737	-0.5%
Net Income	$-19,595	$-39,163	-0.5%

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

N/A

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
DAVID FREESE	DIRECTOR,PRESIDENT,TREASUR	1.00	Director	$0	$0	$0
AMY FREESE	DIRECTOR,VICE PRESIDENT	1.00	Director	$0	$0	$0
AMANDA FREESE DEFAZIO	DIRECTOR,SECRETARY	1.00	Director	$0	$0	$0
PASQUALE DEFAZIO	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN TEPPER	DIRECTOR	1.00	Director	$0	$0	$0
RENEE TEPPER	DIRECTOR	1.00	Director	$0	$0	$0
E SHERMAN HAYMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON KANE-MEDDOCK	DIRECTOR	1.00	Director	$0	$0	$0
ROB KATES	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
2021	$4,692	$24,287	$36,413	$-19,595
2020	$9,574	$48,737	$56,008	$-39,163
2019	$11,842	$49,817	$95,170	$-37,975

DEREK FREESE FILM FOUNDATION