FREE REIN INC

EIN: 311740563 501(c)(3) Education

BREVARD, NC

Total Revenue
$310,046
Total Expenses
$228,634
Total Assets
$437,115
Net Assets
$434,149
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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
2000
Legal Domicile
NC
Phone
8288833375
Tax Period
2024-01-01 to 2024-12-31

FREE REIN INC, founded in 2000, is a small nonprofit in the Education sector that reported $310K in total revenue in fiscal year 2024. The organization ran a surplus of $81K, a strong 26% operating margin.

Mission

FREE REIN CENTER OFFERS A THERAPEUTIC RIDING PROGRAM FOR CHILDREN AND ADULTS WITH PHYSICAL, MENTAL, AND EMOTIONAL DISABILITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $280,737
Program Service Revenue $11,480
Investment Income $10,734
Other Revenue $7,095
TOTAL REVENUE $310,046

Expense Breakdown

Grants Paid $0
Salaries & Benefits $111,233
Fundraising Expenses $3,672
Program Expenses $193,520
Other Expenses $117,401
TOTAL EXPENSES $228,634

Year-over-Year Comparison

2024 2023 Change
Revenue $310,046 $299,216 +0.0%
Expenses $228,634 $224,078 +0.0%
Net Income $81,412 $75,138 +0.1%
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
9
Independent Members
9
Employees
7
Volunteers
114

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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PORSHA SMITH BOARD MEMBER 5.00
Director
$0 $0 $0
ANDY BULLWINKEL BOARD MEMBER 2.50
Director
$0 $0 $0
LINDA FELDERHOFF BOARD MEMBER 2.50
Director
$0 $0 $0
LESLIE COOPERMAN BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN COLFLESH BOARD MEMBER 2.00
Director
$0 $0 $0
CONNIE EDMANDS BOARD MEMBER 2.00
Director
$0 $0 $0
TAMIKA HUNTER BOARD MEMBER 2.00
Director
$0 $0 $0
JAMES GARRETT TREASURER 2.00
Officer Director
$0 $0 $0
SUSAN KISH BOARD CHAIR 25.00
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
2025 No data No data No data No data
2024 $310,046 $228,634 $437,115 $81,412
2023 $299,216 $224,078 $355,770 $75,138
2022 $224,783 $186,560 $283,588 $38,223
2021 $251,759 $154,331 $240,151 $97,428
2020 $184,825 $166,160 $164,271 $18,665
2019 $193,500 $208,130 $126,262 $-14,630
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