FREEDOM IN CHRIST INC (EIN 364885536) - 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

2017

Legal Domicile

Principal Officer

PETR RADCHISHIN

Phone

8285755393

Tax Period

2023-01-01 to 2023-12-31

FREEDOM IN CHRIST INC, founded in 2017, is a community nonprofit in the Religion sector that reported $4.6M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.1M, a strong 45% operating margin.

Mission

1. PROVIDE CHRISTIAN PROGRAMMING AND ACTIVITIES TO CHILDREN AND THEIR FAMILIES IN UKRAINE, ETHIOPIA AND WESTERN NORTH CAROLINA AS WE SHARE OUR LOVE FOR JESUS CHRIST. 2. PROVIDE ASSISTANCE WITH THOSE INDIVIDUALS WITH SUBSTANCE AND ALCOHOL ABUSE ISSUES THROUGH MINISTRY, COMMUNITY PROJECTS, SUPERVISION AND GUIDANCE. 3. PROVIDE FINANCIAL AND SPIRITUAL SUPPORT TO THE ELDERLY, FAMILIES, THOSE THAT ARE AFFECTED BY SUBSTANCE ABUSE, DISASTERS AND WAR, AND, 4. PROVIDE TRAINING TO EQUIP YOUNG PEOPLE TO SERVE AS PROVIDERS OF THE SERVICES DESCRIBED ABOVE. OUR PURPOSE IS DERIVED FROM THE FOLLOWING SCRIPTURES: ISAIAH 58:7 - IS IT NOT TO DEAL THY BREAD TO THE HUNGRY, AND THAT THOU BRING THE POOR THAT ARE CAST OUT TO THY HOUSE? WHEN THOU SEEST THE NAKED, THAT THOU COVER HIM; AND THAT THOU HIDE NOT THYSELF FROM THINE OWN FLESH? PROVERBS 22:6 - TRAIN UP A CHILD IN THE WAY HE SHOULD GO AND WHEN HE IS OLD, HE WILL NOT DEPART FROM IT.

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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 $4,629,711

Program Service Revenue $0

Investment Income $921

Other Revenue $11,237

TOTAL REVENUE $4,641,869

Expense Breakdown

Grants Paid $1,271,583

Salaries & Benefits $45,775

Fundraising Expenses $0

Program Expenses $2,542,146

Other Expenses $1,230,261

TOTAL EXPENSES $2,547,619

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,641,869	$6,068,055	-0.2%
Expenses	$2,547,619	$2,331,666	+0.1%
Net Income	$2,094,250	$3,736,389	-0.4%

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

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
PETR RADCHISHIN	PRESIDENT	5.00	Officer Director	$0	$0	$0
NAZAR SHKINDER	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
PAVEL RADCHISHIN	TREASURER	5.00	Officer Director	$0	$0	$0
VITALIY SVIRHUM	SECRETARY	5.00	Officer Director	$0	$0	$0
MIKHAIL V ANDRASHKO	BOARD MEMBER	5.00	Director	$0	$0	$0
ALEX PTACHIK	CFO	10.00	Officer	$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
2023	$4,641,869	$2,547,619	$13,395,277	$2,094,250
2022	$6,068,055	$2,331,666	$9,353,951	$3,736,389
2021	$4,960,348	$2,194,895	$5,188,211	$2,765,453
2020	$1,626,025	$808,443	$2,667,064	$817,582
2019	$1,609,243	$920,048	$2,092,583	$689,195

FREEDOM IN CHRIST INC