FREEDOM HOUSE MINISTRIES INC (EIN 391721843) - 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

1992

Legal Domicile

Principal Officer

JEN SCHMOHE

Phone

9204324646

Tax Period

2023-01-01 to 2023-12-31

FREEDOM HOUSE MINISTRIES INC, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $841K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 70% operating deficit.

Mission

WE ARE A CHRIST-CENTERED COMMUNITY OF STAFF AND VOLUNTEERS THAT PROVIDES SHELTER TO FAMILIES.

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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 $799,821

Program Service Revenue $11,525

Investment Income $38,956

Other Revenue $-9,243

TOTAL REVENUE $841,059

Expense Breakdown

Grants Paid $0

Salaries & Benefits $757,585

Fundraising Expenses $147,497

Program Expenses $979,141

Other Expenses $675,760

TOTAL EXPENSES $1,433,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$841,059	$1,269,712	-0.3%
Expenses	$1,433,345	$1,245,350	+0.2%
Net Income	$-592,286	$24,362	-25.3%

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

$80,596

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE WALDINGER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC RADZAK	TREASURER	1.00	Officer Director	$0	$0	$0
CHAD WIEGAND	MEMBER	1.00	Director	$0	$0	$0
TROY MURPHY	CHAIR	2.00	Officer Director	$0	$0	$0
AL DUMMER	DIRECTOR	1.00	Director	$0	$0	$0
CANDY CONRAD	MEMBER	1.00	Director	$0	$0	$0
SARAH RICHARDSON	SECRETARY	1.00	Officer Director	$0	$0	$0
KAREN LANCELLE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ADAM PAAL	MEMBER	1.00	Director	$0	$0	$0
KRISTI HANSEN	MEMBER	1.00	Director	$0	$0	$0
JEN SCHMOHE	EXECUTIVE DIRECTOR	1.00	Officer	$80,596	$0	$80,596

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	No data	No data	No data	No data
2023	$841,059	$1,433,345	$7,267,198	$-592,286
2022	$1,269,712	$1,245,350	$7,686,276	$24,362
2021	$1,278,365	$1,102,719	$7,848,767	$175,646
2020	$1,185,102	$1,222,258	$7,576,376	$-37,156
2019	$1,928,230	$757,045	$7,565,325	$1,171,185
2018	$5,831,100	$1,111,653	$6,452,835	$4,719,447

FREEDOM HOUSE MINISTRIES INC