HISTORIC MITCHELVILLE FREEDOM PARK INC (EIN 272308109) - 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

AHMAD WARD

Phone

8432557300

Tax Period

2024-01-01 to 2024-12-31

HISTORIC MITCHELVILLE FREEDOM PARK INC, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 39% operating deficit.

Mission

THE HISTORIC MITCHELVILLE FREEDOM PARK (HMFP) IS A 501(C)3 NON-PROFIT ORGANIZATION WHOSE MISSION IS TO PRESERVE, PROMOTE AND HONOR HISTORIC MITCHELVILLE, THE FIRST TOWN OF SELF-GOVERNING FORMERLY ENSLAVED PEOPLE IN THE UNITED STATES. THE BRAVE MEN AND WOMEN THAT BUILT THIS COMMUNITY PLANTED STRONG AND ENDURING FAMILIAL ROOTS FOR GENERATIONS OF FUTURE AFRICAN AMERICANS.

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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 $1,287,740

Program Service Revenue $34,782

Investment Income $102,048

Other Revenue $16,292

TOTAL REVENUE $1,440,862

Expense Breakdown

Grants Paid $769,748

Salaries & Benefits $363,090

Fundraising Expenses $105,000

Program Expenses $1,487,450

Other Expenses $866,310

TOTAL EXPENSES $1,999,148

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,440,862	$4,638,995	-0.7%
Expenses	$1,999,148	$1,445,334	+0.4%
Net Income	$-558,286	$3,193,661	-1.2%

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

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

$117,221

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AFRIKA LATRICE CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
SONYA GRANT	DIRECTOR	1.00	Director	$0	$0	$0
SHARON SANDERS-FUNNYE	DIRECTOR	1.00	Director	$0	$0	$0
CLINTON HALLMAN	DIRECTOR	1.00	Director	$0	$0	$0
HESTER HODDE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TIGHE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
AHMAD WARD	EXECUTIVE DIRECTOR	40.00	Officer	$98,359	$18,862	$117,221
OMOLOLA CAMPBELL	CHAIR	2.00	Officer Director	$0	$0	$0
HERBERT FORD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NAPOLEAN NELSON	TREASURER	1.00	Officer Director	$0	$0	$0
ERIN ERENBERG	SECRETARY	1.00	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	$1,440,862	$1,999,148	$7,892,460	$-558,286
2023	$4,638,995	$1,445,334	$8,316,912	$3,193,661
2023	No data	No data	No data	No data
2022	$603,479	$766,855	$818,286	$-163,376
2021	$648,689	$739,563	$987,556	$-90,874
2020	$1,123,817	$476,655	$1,095,484	$647,162
2019	$685,594	$446,103	$599,332	$239,491
2019	$513,694	$438,578	$434,957	$75,116

HISTORIC MITCHELVILLE FREEDOM PARK INC