EGBERT M FREESE FOUNDATION (EIN 341901855) - 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

Grant B Garverick Trustee

Phone

2166897663

Tax Period

2024-01-01 to 2024-12-31

EGBERT M FREESE FOUNDATION, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $934K in total revenue in fiscal year 2024. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $323K, a strong 35% operating margin.

Mission

The Egbert M. Freese Foundation is organized and will be operated exclusively for charitable, education, religious, literary or scientific purposes including seven-eighths of the annual income shall be used for the upkeep and maintenance of City of Galion facilities, including by not limited to parks, that benefit the people of the city of Galion. One-eighth of the annual net income shall be held, managed and disposed of as scholarships for residents of the City of Galion who are high school graduates seeking post-secondary school education and training.

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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 $0

Program Service Revenue $0

Investment Income $933,693

Other Revenue $0

TOTAL REVENUE $933,693

Expense Breakdown

Grants Paid $545,482

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $545,482

Other Expenses $65,694

TOTAL EXPENSES $611,176

Year-over-Year Comparison

	2024	2023	Change
Revenue	$933,693	$404,447	+1.3%
Expenses	$611,176	$603,558	+0.0%
Net Income	$322,517	$-199,111	-2.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRANT B GARVERICK	PRESIDENT	1.0	Officer Director	$0	$0	$0
ERIK FLICK	CO-TREASURER	1.0	Officer Director	$0	$0	$0
JENNIFER KUNS	SECRETARY	1.0	Officer Director	$0	$0	$0
HEATH WATKINS	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
WILLIAM STEPRO	CO-TREASURER	1.0	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	$933,693	$611,176	$9,530,614	$322,517
2023	$404,447	$603,558	$9,202,097	$-199,111
2022	$222,069	$596,464	$9,400,829	$-374,395
2021	$868,185	$634,165	$9,775,286	$234,020

EGBERT M FREESE FOUNDATION