FREE ENTERPRISE FOUNDATION INC (EIN 364439179) - 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

2000

Legal Domicile

Principal Officer

JAMES DOUGAL NELSON

Phone

3097361630

Tax Period

2023-07-01 to 2024-06-30

FREE ENTERPRISE FOUNDATION INC, founded in 2000, is a small nonprofit in the Youth Development sector that reported $187K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $331K exceeded revenue, resulting in a 77% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE JUNIOR ACHIEVEMENT OF THE HEARTLAND, INC. ENDOWMENT GIVING OPPORTUNITIES THAT WILL ADD STABILITY AND LONG-RANGE GROWTH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $69,371

Program Service Revenue $0

Investment Income $117,804

Other Revenue $0

TOTAL REVENUE $187,175

Expense Breakdown

Grants Paid $322,581

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $327,359

Other Expenses $8,858

TOTAL EXPENSES $331,439

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,175	$429,221	-0.6%
Expenses	$331,439	$122,599	+1.7%
Net Income	$-144,264	$306,622	-1.5%

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

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

$142,723

Total Directors

$142,723

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM WATSON	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
JAMES DOUGAL NELSON	SECETARY	1.00	Officer Director	$0	$5,000	$142,723
SHEILA VOLRATH	CHAIR	1.00	Officer Director	$0	$0	$0
TOM VICTOR	DIRECTOR	1.00	Director	$0	$0	$0
LANCE HEUER	DIRECTOR	1.00	Director	$0	$0	$0
RYAN WEBER	DIRECTOR	1.00	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	$187,175	$331,439	$4,675,496	$-144,264
2023	$429,221	$122,599	$4,038,701	$306,622
2022	$356,105	$567,432	$3,473,914	$-211,327
2021	$479,983	$141,801	$4,192,178	$338,182
2020	$754,202	$62,630	$3,265,914	$691,572
2019	$1,074,345	$255,649	$2,595,128	$818,696

FREE ENTERPRISE FOUNDATION INC