FREEDOM ADULT FOSTER CARE CORPORATION (EIN 382144338) - 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

1977

Legal Domicile

Principal Officer

DANNY SOUHEAVER

Phone

2486257923

Tax Period

2024-10-01 to 2025-09-30

FREEDOM ADULT FOSTER CARE CORPORATION, founded in 1977, is a community nonprofit in the Human Services sector that reported $5.4M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HOUSING, SUPERVISION, CARE AND TRAINING FOR MENTALLY INMPAIRED INDIVIDUALS

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,500

Program Service Revenue $5,422,971

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,424,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,101,866

Fundraising Expenses $0

Program Expenses $5,034,981

Other Expenses $1,342,814

TOTAL EXPENSES $5,444,680

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,424,471	$5,170,049	+0.0%
Expenses	$5,444,680	$5,283,884	+0.0%
Net Income	$-20,209	$-113,835	-0.8%

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

$349,587

Total Directors

$438,987

Key Employees

$89,400

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY SOUHEVER	VP/DIR OPERATIONS DEV	040.00	Officer Director Highest	$157,092	$0	$157,092
ANGEAL BRADLEY	CAREGIVER	050.00	Highest	$125,664	$0	$125,664
DANNY SOUHEAVER	PRESIDENT/CEO	040.00	Officer Director	$102,833	$0	$102,833
DIANA MARSH	SECRETARY/TREAS/CFO	040.00	Officer Director	$89,662	$0	$89,662
LAURIE SOLE	DIRECTOR OF ACCOUNTING	040.00	Director Key Emp Highest	$89,400	$0	$89,400
KAREN ROWE	DIRECTOR/DCS	040.00	Director	$0	$0	$0
TRACI WOOD	DIRECTOR/DCS	040.00	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	$5,424,471	$5,444,680	$670,799	$-20,209
2024	$5,170,049	$5,283,884	$498,680	$-113,835
2022	$5,193,373	$5,190,735	$788,775	$2,638
2021	$4,706,181	$4,746,461	$624,618	$-40,280
2019	$4,242,309	$4,490,433	$528,397	$-248,124
2018	$4,522,292	$4,475,612	$595,356	$46,680

FREEDOM ADULT FOSTER CARE CORPORATION