GLOBAL FREEDOM CONCEPTS INC (EIN 271778932) - 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

2010

Legal Domicile

Principal Officer

ANDRES PANASIUK

Phone

7706540705

Tax Period

2024-01-01 to 2024-12-31

GLOBAL FREEDOM CONCEPTS INC, founded in 2010, is a micro nonprofit that reported $65K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

EMPOWERING NATIONAL AND CONTINENTAL STEWARDSHIP MINISTRIES TO EQUIP PEOPLE WORLDWIDE TO LEARN, APPLY, AND TEACH GOD'S FINANCIAL PRINCIPLES SO THEY MAY KNOW CHRIST MORE INTIMATELY, BE FREE TO SERVE HIM, AND HELP FUND THE GREAT COMMISSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $64,650

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $64,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,519

Other Expenses $67,519

TOTAL EXPENSES $67,519

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,650	$72,255	-0.1%
Expenses	$67,519	$39,284	+0.7%
Net Income	$-2,869	$32,971	-1.1%

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
ANDRES PANASIUK	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROCHELLE PANASIUK	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT REPKE	TREASURER	2.00	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	$64,650	$67,519	No data	$-2,869
2023	$72,255	$39,284	$7,217	$32,971
2022	$111,044	$107,501	$10,440	$3,543
2021	$231,279	$221,008	$38,777	$10,271
2020	$263,530	$217,304	$34,441	$46,226
2019	$280,944	$306,085	$5,405	$-25,141
2018	$307,447	$288,234	$27,483	$19,213
2017	$202,231	$196,913	$8,270	$5,318

GLOBAL FREEDOM CONCEPTS INC