FREEDOM HOUSE FOR THE CAROLINAS INC (EIN 311653895) - 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

1999

Legal Domicile

Principal Officer

CURTIS D HARRIS

Phone

7043967600

Tax Period

2024-07-01 to 2025-06-30

FREEDOM HOUSE FOR THE CAROLINAS INC, founded in 1999, is a small nonprofit in the Mental Health sector that reported $446K in total revenue in fiscal year 2024.

Mission

Substance Use Prevention/Intervention - Workforce Preparedness - Parent/Family Skill Building

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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 $446,003

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $446,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,781

Fundraising Expenses $0

Program Expenses $407,072

Other Expenses $345,791

TOTAL EXPENSES $452,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$446,003	$439,688	+0.0%
Expenses	$452,042	$451,753	+0.0%
Net Income	$-6,039	$-12,065	-0.5%

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

N/A

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

$81,543

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
C DERRICK HARRIS	EXECUTIVE DIRECTOR	040.00	Officer Highest	$81,543	$0	$81,543
JOHN PARHAM	TRUSTEE	001.00	Director	$0	$0	$0
MICHAEL L BRIDGES	TRUSTEE	001.00	Director	$0	$0	$0
LARRY EASTRICH	TREASURER	001.00	Director	$0	$0	$0
MARCUS MCKINNEY	CHAIR	001.00	Director	$0	$0	$0
DONIELLE SMITH	SECRETARY	001.00	Director	$0	$0	$0
TARIK CRANKE	TRUSTEE	001.00	Director	$0	$0	$0
VALERIE GRIER	TRUSTEE	001.00	Officer	$0	$0	$0
STAISHA HAMILTON	TRUSTEE	001.00	Officer	$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
2025	$446,003	$452,042	$45,154	$-6,039
2024	No data	No data	No data	No data
2023	$240,894	$239,591	$65,355	$1,303
2022	$367,367	$334,894	$59,785	$32,473
2021	$215,567	$211,670	$19,035	$3,897
2020	$204,377	$189,585	$27,909	$14,792

FREEDOM HOUSE FOR THE CAROLINAS INC