SET FREE MINISTRIES (EIN 383497803) - 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

1996

Legal Domicile

Principal Officer

DEAN VANDER MEY

Phone

6167265400

Tax Period

2024-01-01 to 2024-12-31

SET FREE MINISTRIES, founded in 1996, is a community nonprofit in the Religion sector that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $3.2M exceeded revenue, resulting in a 21% operating deficit.

Mission

DISCIPLESHIP TRAINING TO TEACH PEOPLE TO KNOW AND LIVE THEIR DAILY LIVES BY THE WORD OF GOD.

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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 $2,620,174

Program Service Revenue $0

Investment Income $38,962

Other Revenue $5,197

TOTAL REVENUE $2,664,333

Expense Breakdown

Grants Paid $1,664,276

Salaries & Benefits $1,096,915

Fundraising Expenses $266,853

Program Expenses $2,749,459

Other Expenses $469,218

TOTAL EXPENSES $3,230,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,664,333	$3,865,149	-0.3%
Expenses	$3,230,409	$3,372,045	0.0%
Net Income	$-566,076	$493,104	-2.1%

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

110

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

$152,256

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN VANDER MEY	EXECUTIVE DI	40.00	Officer	$145,006	$7,250	$152,256
MARK WINDEMULLER	PRESIDENT	N/A	Officer Director	$0	$0	$0
DEAN BREDEWEG	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TOM KOSTER	SECRETARY	N/A	Officer Director	$0	$0	$0
CHUCK ALLES	TREASURER	N/A	Officer Director	$0	$0	$0
JIM TUUK	DIRECTOR - E	N/A	Director	$0	$0	$0
TROY CARLSON	DIRECTOR - B	N/A	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
2024	$2,664,333	$3,230,409	$1,743,718	$-566,076
2023	$3,865,149	$3,372,045	$2,347,591	$493,104
2022	$2,405,119	$2,875,338	$1,881,351	$-470,219
2021	$1,902,924	$1,734,617	$1,893,555	$168,307
2020	$1,995,528	$1,483,393	$1,712,598	$512,135
2019	$2,262,119	$2,056,119	$1,201,893	$206,000
2018	$1,556,538	$1,433,131	$988,736	$123,407

SET FREE MINISTRIES