Free to be Foundation Inc (EIN 237315464) - 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

1973

Legal Domicile

Principal Officer

MARLO THOMAS

Phone

2122808623

Tax Period

2021-07-01 to 2022-06-30

Free to be Foundation Inc, founded in 1973, is a micro nonprofit in the Human Services sector that reported $20K in total revenue in fiscal year 2021. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $27K exceeded revenue, resulting in a 34% operating deficit.

Mission

Free to be is designed to open a new field in educational development for children by conveying a message of open options, non-discrimination and respoect for the individual.

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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 $282

Program Service Revenue $0

Investment Income $0

Other Revenue $19,562

TOTAL REVENUE $19,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,753

Other Expenses $26,614

TOTAL EXPENSES $26,614

Year-over-Year Comparison

	2021	2020	Change
Revenue	$19,844	$45,234	-0.6%
Expenses	$26,614	$71,332	-0.6%
Net Income	$-6,770	$-26,098	-0.7%

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
MARLO THOMAS	PRESIDENT	0.5	Officer Director	$0	$0	$0
GLORIA STEINEM	VICE PRESIDENT	0.5	Officer Director	$0	$0	$0
LETTY POGREBIN	SECRETARY	0.5	Officer Director	$0	$0	$0
PAT CARBINE	TREASURER	0.5	Officer Director	$0	$0	$0
TERESA YOUNGER	Board Member	0.5	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	$19,844	$26,614	$49,183	$-6,770
2021	$45,234	$71,332	$58,165	$-26,098
2020	$17,747	$68,755	$87,802	$-51,008
2019	$217,946	$80,741	$137,504	$137,205

Free to be Foundation Inc