FREELAND ATHLETIC ASSOCIATION (EIN 382628676) - 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

1979

Legal Domicile

Principal Officer

Howard Deal

Tax Period

2022-01-01 to 2022-12-31

FREELAND ATHLETIC ASSOCIATION, founded in 1979, is a small nonprofit that reported $113K in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $40K, a strong 35% operating margin.

Mission

TO PROMOTE THE WELFARE OF THE ATHLETE AND YOUTH IN THE HOME, SCHOOL, AND COMMUNITY; TO RAISE FUNDS FOR ATHLETIC EQUIPMENT AND FACILITIES; TO SPONSOR FUNCTIONS THAT WILL GIVE RECOGNITION TO ATHLETES, COACHES, SCHOOL, HOME AND COMMUNITY; TO PROMOTE COMMUNITY INVOLVEMENT AND SUPPORT IN THE ATHLETIC PROGRAM; TO BRING INTO CLOSER RELATIONSHIP, THE HOME AND SCHOOOL, THAT PARENTS AND COACHES MAY COOPERATE INTELLIGENTLY IN THE WELL-BEING OF THE CHILD; TO DEVELOP BETWEEN EDUCATORS AND THE GENERAL PUBLIC SUCH UNITED EFFORTS AS WILL SECURE FOR EVERY ATHLETE, THE HIGHEST ADVANTAGES IN PHYSICAL, MENTAL AND SOCIAL EDUCATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $43,172

Program Service Revenue $0

Investment Income $0

Other Revenue $69,914

TOTAL REVENUE $113,086

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,721

Other Expenses $66,504

TOTAL EXPENSES $73,504

Year-over-Year Comparison

	2022	2021	Change
Revenue	$113,086	$96,190	+0.2%
Expenses	$73,504	$76,339	0.0%
Net Income	$39,582	$19,851	+1.0%

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

250

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
HOWARD DEAL	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALEXANDER BOMMARITO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TINA ROOD	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVEN KOEHLER	TREASURER	1.00	Officer 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
2022	$113,086	$73,504	$293,401	$39,582
2021	$96,190	$76,339	$253,819	$19,851
2020	$75,594	$59,007	$233,968	$16,587
2019	$133,069	$111,700	$217,381	$21,369
2018	$157,124	$173,429	$196,012	$-16,305

FREELAND ATHLETIC ASSOCIATION