FREETOWN VILLAGE INC

EIN: 351609921 501(c)(3) Arts, Culture & Humanities

INDIANAPOLIS, IN

Total Revenue
$587,449
Total Expenses
$198,287
Total Assets
$722,683
Net Assets
$535,876
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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
1984
Legal Domicile
IN
Tax Period
2023-01-01 to 2023-12-31

FREETOWN VILLAGE INC, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $587K in total revenue in fiscal year 2023. Revenue surged 190% from the prior year, signaling strong growth momentum. The organization ran a surplus of $389K, a strong 66% operating margin.

Mission

EDUCATION AND CULTURAL AWARENESS

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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 (2023)

Revenue Breakdown

Contributions & Grants $546,532
Program Service Revenue $38,395
Investment Income $2,258
Other Revenue $264
TOTAL REVENUE $587,449

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,750
Fundraising Expenses $6,799
Program Expenses $159,408
Other Expenses $104,637
TOTAL EXPENSES $198,287

Year-over-Year Comparison

2023 2022 Change
Revenue $587,449 $202,652 +1.9%
Expenses $198,287 $190,139 +0.0%
Net Income $389,162 $12,513 +30.1%
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
8
Volunteers
12

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
$0
Total Directors
9
$28,018
Key Employees
1
$28,018
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OPHELIA WELLINGTON EXECUTIVE DIRECTOR 40.00
Director Key Emp
$28,018 $0 $28,018
DAWN EDMON BOARD MEMBER 1.00
Director
$0 $0 $0
RASHUN ROPER BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLENE FLETCHER BOARD MEMBER 1.00
Director
$0 $0 $0
GWENDOLYN J KELLEY BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JANN MCMILLIAN BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
ELIZABETH M GORE PAST CHAIR 1.00
Officer Director
$0 $0 $0
RAY BIEDERMAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
GILLIAN MARKS BOARD TREASURER 1.00
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
2024 No data No data No data No data
2023 $587,449 $198,287 $722,683 $389,162
2022 $202,652 $190,139 $331,407 $12,513
2021 $205,773 $194,632 $323,640 $11,141
2020 $342,303 $100,203 $305,323 $242,100
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