FREEDOMS JOURNAL INSTITUTE FOR THE STUDY POLICY

EIN: 274681473 501(c)(3) Civil Rights & Advocacy

FLOSSMOOR, IL

Total Revenue
$353,538
Total Expenses
$404,475
Total Assets
$13,544
Net Assets
$-19,551
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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
2011
Legal Domicile
IL
Principal Officer
DR ERIC WALLACE
Phone
7086759669
Tax Period
2022-01-01 to 2022-12-31

FREEDOMS JOURNAL INSTITUTE FOR THE STUDY POLICY, founded in 2011, is a small nonprofit in the Civil Rights & Advocacy sector that reported $354K in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $404K exceeded revenue, resulting in a 14% operating deficit.

Mission

WE SEEK TO ADVANCE THE KINGDOM OF GOD THROUGH SOCIOPOLITICAL EDUCATION AND ENGAGEMENT THROUGH THE CREATION OF VIDEOS, ARTICLES, INTERVIEWS AND PODCAST-STYLE PUBLICATIONS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $353,538
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $353,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $158,701
Fundraising Expenses $0
Program Expenses $225,585
Other Expenses $245,774
TOTAL EXPENSES $404,475

Year-over-Year Comparison

2022 2021 Change
Revenue $353,538 $303,488 +0.2%
Expenses $404,475 $232,990 +0.7%
Net Income $-50,937 $70,498 -1.7%
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

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Governance

Voting Members
5
Independent Members
3
Employees
2
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
5
$128,983
Total Directors
5
$128,983
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT FOSTER CHAIRMAN 8.00
Officer Director
$0 $0 $0
JENNIFER WALLACE CO-FOUNDER AND DIRECTOR 30.00
Officer Director
$48,609 $0 $48,609
CHRISTOPHER CARMOUCHE SECRETARY 2.00
Officer Director
$0 $0 $0
ROBERT MARTIN TREASURER 2.00
Officer Director
$0 $0 $0
DR ERIC M WALLACE CO-FOUNDER AND PRESIDENT 40.00
Officer Director
$80,374 $0 $80,374
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
2022 $353,538 $404,475 $13,544 $-50,937
2021 $303,488 $232,990 $71,017 $70,498
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