FREEDOM HOUSE DETROIT (EIN 382487626) - 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

1990

Legal Domicile

Principal Officer

Elizabeth Orozco-Vasquez

Phone

3139644320

Tax Period

2024-01-01 to 2024-12-31

FREEDOM HOUSE DETROIT, founded in 1990, is a community nonprofit in the Human Services sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 37% operating margin.

Mission

To support and empower refugees, asylum seekers, and others seeking humanitarian protection on their journey to safety, security, and freedom by providing comprehensive services in an inclusive and welcoming space.

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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 $3,057,568

Program Service Revenue $0

Investment Income $228,473

Other Revenue $37,468

TOTAL REVENUE $3,323,509

Expense Breakdown

Grants Paid $165,153

Salaries & Benefits $1,230,378

Fundraising Expenses $142,758

Program Expenses $1,936,546

Other Expenses $691,093

TOTAL EXPENSES $2,086,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,323,509	$2,032,972	+0.6%
Expenses	$2,086,624	$1,429,736	+0.5%
Net Income	$1,236,885	$603,236	+1.1%

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

$121,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Orozco-Vasquez	CEO	40.00	Officer	$121,154	$0	$121,154

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	$3,323,509	$2,086,624	$6,790,494	$1,236,885
2023	$2,032,972	$1,429,736	$4,764,352	$603,236
2022	$1,297,782	$813,510	$3,891,245	$484,272
2021	$243,033	$157,510	$3,414,775	$85,523
2021	$1,556,567	$810,122	$3,329,498	$746,445
2020	$1,312,215	$849,623	$2,606,897	$462,592
2019	$1,543,997	$955,314	$2,201,079	$588,683
2018	$1,423,158	$943,568	$1,509,182	$479,590

FREEDOM HOUSE DETROIT