FREEDOM SOURCE INC (EIN 260319028) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

NICHOLE DAWSEY

Phone

2059728264

Tax Period

2024-10-01 to 2025-09-30

FREEDOM SOURCE INC, founded in 2007, is a small nonprofit in the Mental Health sector that reported $635K in total revenue in fiscal year 2017. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 15% operating margin.

Mission

THE ADDICTION PREVENTION COALITION (APC) IS A NON-PROFIT COMMUNITY RESOURCE THAT AIMS TO ELIMINATE ADDICTION IN CENTRAL ALABAMA. ORIGINALLY NAMED THE FREEDOM SOURCE, APC HAS BEEN PROVIDING SUPPORT FOR THE GREATER BIRMINGHAM AREA FOR MORE THAN 15 YEARS. THROUGH OUR IN-SCHOOL PREVENTION PROGRAMS, COMMUNITY EDUCATIONAL EVENTS, AND OUR COLLECTION OF SUPPORT SERVICES, APC AIMS TO BE A CONVENER OF ORGANIZATIONS UNITED TO PREVENT ADDICTION AND PROMOTE RECOVERY. OUR MISSION IS TO PREVENT SUBSTANCE USE DISORDER THROUGH EDUCATION, RECOVERY SUPPORT, AND COMMUNITY PARTNERSHIPS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,491,336

Program Service Revenue $25,436

Investment Income $41,507

Other Revenue $-10,180

TOTAL REVENUE $1,548,099

Expense Breakdown

Grants Paid $155,433

Salaries & Benefits $607,004

Fundraising Expenses $56,333

Program Expenses $1,753,624

Other Expenses $1,107,674

TOTAL EXPENSES $1,926,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,548,099	$1,855,229	-0.2%
Expenses	$1,926,444	$1,278,692	+0.5%
Net Income	$-378,345	$576,537	-1.7%

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

Volunteers

225

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

$111,475

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARIE WIMBERLY	EXEC.DIR (OC	40.00	Officer	$83,770	$0	$83,770
NICHOLE DAWSEY	EXEC.DIR (CU	40.00	Officer	$27,530	$175	$27,705
CELESTE BAYLES	DIRECTOR	1.00	Director	$0	$0	$0
AMBER COLE	DIRECTOR	1.00	Director	$0	$0	$0
TYLER CURRIER	BOARD CHAIRP	3.00	Director	$0	$0	$0
DR JOHN DANTZLER	DIRECTOR	1.00	Director	$0	$0	$0
HONORABLE MARIA FORTUNE	DIRECTOR	1.00	Director	$0	$0	$0
DR LIESL HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
SHANE HERRING	DIRECTOR	1.00	Director	$0	$0	$0
DR SHERRI HUFF	DIRECTOR	1.00	Director	$0	$0	$0
DR EMMA KAY	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR PEAKE	DIRECTOR	1.00	Director	$0	$0	$0
TERRY ROLLER	DIRECTOR	1.00	Director	$0	$0	$0
SAMATA SHAH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WALKER	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
2025	$1,548,099	$1,926,444	$1,202,044	$-378,345
2024	$1,855,229	$1,278,692	$1,598,155	$576,537
2023	$1,603,332	$1,245,327	$1,005,311	$358,005
2022	$1,289,618	$1,139,160	$535,842	$150,458
2021	$1,116,717	$883,704	$391,588	$233,013
2020	$550,871	$520,784	$137,486	$30,087
2019	$421,199	$514,009	$68,141	$-92,810
2018	$634,649	$537,873	$148,254	$96,776

FREEDOM SOURCE INC