FREEDOM ACADEMY INC (EIN 351935362) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

ANITA SHEPHERD

Phone

2603470887

Tax Period

2025-01-01 to 2025-12-31

FREEDOM ACADEMY INC, founded in 1994, is a community nonprofit in the Employment sector that reported $1.1M in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO ENHANCE THE QUALITY OF LIFE FOR THOSE WHO ARE WILLING TO ENRICH THEIR EDUCATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $359,634

Program Service Revenue $739,077

Investment Income $21,932

Other Revenue $0

TOTAL REVENUE $1,120,643

Expense Breakdown

Grants Paid $131,936

Salaries & Benefits $490,514

Fundraising Expenses $0

Program Expenses $967,098

Other Expenses $661,285

TOTAL EXPENSES $1,283,735

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,120,643	$1,316,132	-0.1%
Expenses	$1,283,735	$1,271,878	+0.0%
Net Income	$-163,092	$44,254	-4.7%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY GATMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRENDA HANTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS LEEDY	TREASURER	2.00	Officer Director	$0	$0	$0
TRACY TIPTON	SECRETARY	2.00	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	$1,120,643	$1,283,735	$698,791	$-163,092
2024	No data	No data	No data	No data
2023	$1,132,376	$1,286,073	$801,995	$-153,697
2022	$694,620	$1,224,061	$938,812	$-529,441
2021	$2,030,669	$1,163,327	$1,529,780	$867,342
2020	$909,456	$990,382	$689,160	$-80,926

FREEDOM ACADEMY INC