BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE FREEDOM FUND, founded in 2013, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $16.7M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $22.5M exceeded revenue, resulting in a 34% operating deficit.
WE IDENTIFY AND INVEST IN THE MOST EFFECTIVE FRONTLINE EFFORTS TO ERADICATE MODERN SLAVERY IN THE COUNTRIES AND SECTORS WHERE IT IS MOST PREVALENT. PARTNERING WITH VISIONARY INVESTORS, GOVERNMENTS, ANTI-SLAVERY ORGANIZATIONS AND THOSE AT RISK OF EXPLOITATION, WE TACKLE THE SYSTEMS THAT ALLOW SLAVERY TO PERSIST AND THRIVE. WORKING TOGETHER, WE PROTECT VULNERABLE POPULATIONS, LIBERATE AND REINTEGRATE THOSE ENSLAVED AND PROSECUTE THOSE RESPONSIBLE.
HOTSPOTS PROJECTS: THE FREEDOM FUND HAS SELECTED KEY GEOGRAPHIC AREAS KNOWN TO HAVE A HIGH INCIDENCE OF MODERN SLAVERY, WHERE OUR INTERVENTIONS ARE MOST LIKELY TO RESULT IN A MEASURABLE REDUCTION IN...
HOTSPOTS PROJECTS: THE FREEDOM FUND HAS SELECTED KEY GEOGRAPHIC AREAS KNOWN TO HAVE A HIGH INCIDENCE OF MODERN SLAVERY, WHERE OUR INTERVENTIONS ARE MOST LIKELY TO RESULT IN A MEASURABLE REDUCTION IN SLAVERY. IN OUR HOTSPOT PROJECTS, WE INVEST IN A RANGE OF COMMUNITY-BASED ORGANIZATIONS TO ENABLE THEM TO PROTECT THOSE AT RISK OF SLAVERY, RESCUE AND REHABILITATE THOSE ENSLAVED, AND PROSECUTE THOSE RESPONSIBLE. THESE HOTSPOT PROJECTS ENCOURAGE COOPERATION BETWEEN LOCAL GRASSROOTS ORGANIZATIONS AND ENSURE AN INTEGRATED, CROSS-DISCIPLINARY APPROACH.
MOVEMENT BUILDING: ORGANIZATIONS AROUND THE WORLD ARE DOING EXCEPTIONAL WORK TO ERADICATE SLAVERY BUT, TOO OFTEN, THESE EFFORTS ARE FRAGMENTED AND UNDERFUNDED. WE AIM TO BUILD A GLOBAL COMMUNITY OF...
MOVEMENT BUILDING: ORGANIZATIONS AROUND THE WORLD ARE DOING EXCEPTIONAL WORK TO ERADICATE SLAVERY BUT, TOO OFTEN, THESE EFFORTS ARE FRAGMENTED AND UNDERFUNDED. WE AIM TO BUILD A GLOBAL COMMUNITY OF ACTIVISTS, EXPERTS AND DONORS BY PROVIDING THE PLATFORM, KNOWLEDGE, AND TOOLS FOR THEM TO CONNECT AND WORK TOGETHER MORE EFFECTIVELY OVER A SUSTAINED PERIOD. WE USE OUR GLOBAL LEADERSHIP ROLE, AND THE CREDIBILITY CONFERRED BY THE BACKING OF OUR FOUNDERS, TO BRING ACTORS TOGETHER AND ENCOURAGE GREATER COLLABORATION AND COORDINATION.
GLOBAL INITIATIVES: OUR SECTOR INITIATIVES COORDINATE ACTORS AND RESOURCES AROUND A SLAVERY-SPECIFIC ISSUE, INCLUDING SECTORS, INDUSTRIES, OR CIRCUMSTANCES. THIS ALLOWS THE FREEDOM FUND TO TACKLE...
GLOBAL INITIATIVES: OUR SECTOR INITIATIVES COORDINATE ACTORS AND RESOURCES AROUND A SLAVERY-SPECIFIC ISSUE, INCLUDING SECTORS, INDUSTRIES, OR CIRCUMSTANCES. THIS ALLOWS THE FREEDOM FUND TO TACKLE SYSTEMIC ISSUES LIKE SLAVERY IN FISHING OR CROSS-BORDER MIGRATION WITH NEW TECHNOLOGICAL TOOLS OR LEGAL INITIATIVES. IT FACILITATES A COLLABORATIVE APPROACH AND GREATER COMBINED IMPACT. THE FREEDOM FUND PROVIDES A CHANNEL THROUGH WHICH THOSE WITH FUNDS, KNOWLEDGE, OR INFLUENCE CAN IMPACT INTERNATIONAL ORGANIZATIONS, GOVERNMENTS, MEDIA AND THE CORPORATE SECTOR TO SPEED ACTION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $16,745,454 | $13,472,289 | +0.2% |
| Expenses | $22,499,766 | $19,583,402 | +0.1% |
| Net Income | $-5,754,312 | $-6,111,113 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALAN MCCORMICK THRU NOV | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| FELICITY GOODING THRU NOV | TREASURER | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| NATASHA DOLBY | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| MOLLY GOCHMAN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| GRACE FORREST THRU NOV | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| PHILIPPE SION THRU NOV | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| MAHENDRA PANDEY | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ANDREW DOUST | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| KATHARINE BRYANT FROM NOV | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| NICHOLAS GRONO | CEO/PRESIDENT | 40.00 |
Officer
|
$271,557 | $65,053 | $336,610 |
| ZOE MARSHALL | DIR. OF FINANCE/SECRETARY | 40.00 |
Officer
|
$130,112 | $12,984 | $143,096 |
| AMY RAHE | MANAGING DIRECTOR OF NORTH AMERICA | 40.00 |
Key Emp
|
$208,187 | $31,522 | $239,709 |
| DAN VEXLER | MANAGING DIRECTOR OF PROGRAMS | 40.00 |
Highest
|
$134,956 | $13,397 | $148,353 |
| ERIN PHELPS | SENIOR ADVISER TO THE CEO | 40.00 |
Highest
|
$116,040 | $23,686 | $139,726 |
| HAVOVI WADIA | DIRECTOR OF PROGRAMS | 40.00 |
Highest
|
$111,303 | $11,107 | $122,410 |
| YUKI LO | HEAD OF RESEARCH AND EVALUATION | 40.00 |
Highest
|
$102,944 | $10,008 | $112,952 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $16,745,454 | $22,499,766 | $40,897,993 | $-5,754,312 |
| 2022 | $13,472,289 | $19,583,402 | $45,895,614 | $-6,111,113 |
| 2021 | $51,201,158 | $12,709,141 | $51,719,352 | $38,492,017 |
| 2020 | $18,685,548 | $14,948,943 | $12,548,545 | $3,736,605 |
| 2019 | $16,398,424 | $14,941,293 | $9,289,800 | $1,457,131 |
| 2018 | $13,749,650 | $14,409,526 | $7,542,955 | $-659,876 |
Compare THE FREEDOM FUND with other nonprofits in New York and across the country.