FREEDOM TRAIN INC DBA FAITH & FREEDOM MINISTRIES (EIN 272034221) - 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

Phone

9856301186

Tax Period

2024-01-01 to 2024-12-31

FREEDOM TRAIN INC DBA FAITH & FREEDOM MINISTRIES, founded in 2008, is a small nonprofit in the Religion sector that reported $205K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

FAITH AND FREEDOM MINISTRIES WILL SERVE IN THE AREAS OF TEACHING, PREACHING, SERVICE, INCLUDING AN EMPHASIS ON SHORT TERM INTERNATIONAL MISSION EXPERIENCES; AND ENCOURAGEMENT.

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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 $204,941

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $204,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,961

Fundraising Expenses $0

Program Expenses $192,992

Other Expenses $106,620

TOTAL EXPENSES $208,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,941	$218,966	-0.1%
Expenses	$208,581	$235,722	-0.1%
Net Income	$-3,640	$-16,756	-0.8%

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

$92,486

Total Directors

$92,486

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DIAMOND	Chairman	40.00	Officer Director	$92,486	$0	$92,486
CARL KEMP	Director	0.00	Director	$0	$0	$0
JEREMY MANGERCHINE	Director	0.00	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
2024	$204,941	$208,581	$13,010	$-3,640
2023	$218,966	$235,722	$16,825	$-16,756
2022	$242,372	$229,255	$38,736	$13,117
2020	$237,573	$213,120	$32,931	$24,453
2019	$248,857	$235,755	$27,877	$13,102
2018	$213,438	$230,710	$16,008	$-17,272

FREEDOM TRAIN INC DBA FAITH & FREEDOM MINISTRIES