FREESTATE JUSTICE INC (EIN 262174290) - 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

2008

Legal Domicile

Principal Officer

PHILLIP WESTRY

Phone

4106255428

Tax Period

2023-07-01 to 2024-06-30

FREESTATE JUSTICE INC, founded in 2008, is a community nonprofit in the Crime & Legal sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 9% surplus.

Mission

FREESTATE JUSTICE, INC IS ORGANIZED TO ADVOCATE FOR, OFFER LEGAL ADVICE TO, AND REPRESENT MEMBERS OF THE LESBIAN, GAY, BISEXUAL, TRANSGENDER, AND QUEER COMMUNITY IN LEGAL AND SOCIAL ENDEAVORS. WE ALSO OFFER EDUCATION, INTERNSHIP & EXTERNSHIP OPPORTUNITIES FOR STUDENTS OF THE STATE OF MARYLAND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $796,145

Program Service Revenue $468,187

Investment Income $0

Other Revenue $27,226

TOTAL REVENUE $1,291,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $929,521

Fundraising Expenses $706

Program Expenses $951,123

Other Expenses $251,688

TOTAL EXPENSES $1,181,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,291,558	$961,471	+0.3%
Expenses	$1,181,209	$1,162,787	+0.0%
Net Income	$110,349	$-201,316	-1.5%

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

$109,679

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC THOMAS	PRESIDENT	10.00	Officer Director	$0	$0	$0
LEE WESTGATE	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
LINDSEY YOUNG	TREASURER	10.00	Officer Director	$0	$0	$0
RILEY ROSHONG	SECRETARY	10.00	Officer Director	$0	$0	$0
ANDREW ADELMAN	MEMBER	5.00	Director	$0	$0	$0
EVAN BORODIN	MEMBER	5.00	Director	$0	$0	$0
LEE CARPENTER	MEMBER	5.00	Director	$0	$0	$0
BRENDA DORSCH	MEMBER	5.00	Director	$0	$0	$0
BRIANNA JANUARY	MEMBER	5.00	Director	$0	$0	$0
JESSICA LANDERS HOPKINS	MEMBER	5.00	Director	$0	$0	$0
ANGELICA NEWSOME	MEMBER	5.00	Director	$0	$0	$0
AMANDA PESKIN	MEMBER	5.00	Director	$0	$0	$0
JAYE YARBROUGH	MEMBER	5.00	Director	$0	$0	$0
BONNIE SMITH	MEMBER	5.00	Director	$0	$0	$0
PHILLIP WESTRY	EXECUTIVE DIRECTOR	40.00	Officer	$109,679	$0	$109,679

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	No data	No data	No data	No data
2024	$1,291,558	$1,181,209	$320,356	$110,349
2023	$961,471	$1,162,787	$265,012	$-201,316
2022	$899,513	$1,007,305	$239,264	$-107,792
2021	$677,247	$597,727	$393,071	$79,520
2020	$628,940	$679,446	$345,298	$-50,506
2019	$543,279	$627,118	$341,342	$-83,839

FREESTATE JUSTICE INC