Freedom Farm (EIN 411990650) - 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

2000

Legal Domicile

Principal Officer

Susan Bjorklund

Phone

9529552505

Tax Period

2023-01-01 to 2023-12-31

Freedom Farm, founded in 2000, is a small nonprofit in the Human Services sector that reported $309K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $392K exceeded revenue, resulting in a 27% operating deficit.

Mission

Freedom Farm partners with the unique gifts of the horse to offer healing, hope, confidence, and strength.

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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 $194,414

Program Service Revenue $60,448

Investment Income $317

Other Revenue $53,935

TOTAL REVENUE $309,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,546

Fundraising Expenses $35,222

Program Expenses $315,048

Other Expenses $206,836

TOTAL EXPENSES $392,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$309,114	$389,623	-0.2%
Expenses	$392,382	$353,519	+0.1%
Net Income	$-83,268	$36,104	-3.3%

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

$71,060

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andy Barnauskas	Treasurer	5.00	Officer Director	$0	$0	$0
Sarah Kostial	Director	5.00	Director	$0	$0	$0
Kerry Barnauskas	Director	5.00	Director	$0	$0	$0
Linda Berg	Director	5.00	Director	$0	$0	$0
Winstead Kirkpatrick	Director	5.00	Director	$0	$0	$0
Brian Rothstein	Director	5.00	Director	$0	$0	$0
Cynthia Glock	Director	5.00	Director	$0	$0	$0
Susie Bjorklund	President	40.00	Officer	$71,060	$0	$71,060

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	$309,114	$392,382	$629,838	$-83,268
2022	$389,623	$353,519	$722,211	$36,104
2021	$345,513	$350,551	$700,639	$-5,038
2020	$454,373	$330,048	$705,677	$124,325
2019	$358,531	$345,261	$479,801	$13,270
2018	$364,060	$322,962	$450,984	$41,098

Freedom Farm