FREELAND MINISTRIES INC (EIN 260452736) - 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

2007

Legal Domicile

Phone

2145772709

Tax Period

2022-01-01 to 2022-12-31

FREELAND MINISTRIES INC, founded in 2007, is a small nonprofit in the Religion sector that reported $270K in total revenue in fiscal year 2022. Revenue surged 625% from the prior year, signaling strong growth momentum. The organization ran a surplus of $201K, a strong 75% operating margin.

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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 (2022)

Revenue Breakdown

Contributions & Grants $228,302

Program Service Revenue $41,290

Investment Income $30

Other Revenue $-14

TOTAL REVENUE $269,608

Expense Breakdown

Grants Paid $7,062

Salaries & Benefits $38,100

Fundraising Expenses $0

Program Expenses $64,041

Other Expenses $23,040

TOTAL EXPENSES $68,202

Year-over-Year Comparison

	2022	2021	Change
Revenue	$269,608	$37,200	+6.2%
Expenses	$68,202	$27,307	+1.5%
Net Income	$201,406	$9,893	+19.4%

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

$38,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL F MILLER	Director	10.00	Director	$36,100	$2,000	$38,100
MIKE MOORE	Director/PRES	0.00	Officer Director	$0	$0	$0
LORISA MILLER	DIRECTOR/HIST	7.00	Officer Director	$0	$0	$0
TRUMAN SPRING	Director/SECR	0.00	Officer 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
2022	$269,608	$68,202	$216,019	$201,406

FREELAND MINISTRIES INC