THE FREEDOM FOUNDATION OF MINNESOTA (EIN 364592698) - 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

2007

Legal Domicile

Principal Officer

ANNETTE MEEKS

Phone

6127477941

Tax Period

2023-01-01 to 2023-12-31

THE FREEDOM FOUNDATION OF MINNESOTA, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $225K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $263K exceeded revenue, resulting in a 17% operating deficit.

Mission

AN EDUCATIONAL AND RESEARCH ORGANIZATION THAT ACTIVELY ADVOCATES THE PRINCIPLES OF INDIVIDUAL FREEDOM, PERSONAL RESPONSIBILITY, ECONOMIC FREEDOM, AND LIMITED GOVERNMENT.

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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 $225,038

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $225,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,496

Fundraising Expenses $72,498

Program Expenses $94,266

Other Expenses $144,636

TOTAL EXPENSES $263,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$225,040	$179,378	+0.3%
Expenses	$263,132	$248,911	+0.1%
Net Income	$-38,092	$-69,533	-0.5%

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

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

$110,000

Total Directors

$110,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIRK BAK	CHAIRMAN OF THE BOARD	1.00	Director	$0	$0	$0
VIN WEBER	DIRECTOR	1.00	Director	$0	$0	$0
JACK MEEKS	VICE CHAIRMAN	1.00	Director	$0	$0	$0
ANNETTE MEEKS	CEO, SECRETARY, TREASURER	40.00	Officer Director	$110,000	$0	$110,000

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	$225,040	$263,132	$31,225	$-38,092
2022	$179,378	$248,911	$73,031	$-69,533
2021	$347,821	$267,520	$142,564	$80,301
2020	$266,824	$235,537	$62,263	$31,287
2019	$328,588	$326,464	$30,976	$2,124
2018	$250,911	$265,079	$29,852	$-14,168

THE FREEDOM FOUNDATION OF MINNESOTA