THE FIRST FREEDOM INC

EIN: 421133919 501(c)(3)

RICEVILLE, IA

Total Revenue
$8,827
Total Expenses
$6,783
Total Assets
$162,614
Net Assets
$162,614
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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
1981
Legal Domicile
IA
Phone
6419852273
Tax Period
2024-07-01 to 2025-06-30

THE FIRST FREEDOM INC, founded in 1981, is a micro nonprofit that reported $9K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2K, a strong 23% operating margin.

Mission

WE ARE A LITERARY ORGANIZATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,330
Program Service Revenue $1,410
Investment Income $5
Other Revenue $82
TOTAL REVENUE $8,827

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,783
Other Expenses $6,783
TOTAL EXPENSES $6,783

Year-over-Year Comparison

2024 2023 Change
Revenue $8,827 $17,343 -0.5%
Expenses $6,783 $5,474 +0.2%
Net Income $2,044 $11,869 -0.8%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
4
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOB FLUGGE BOARD MEMBER 1.00
Director
$0 $0 $0
BEN WINTERS BOARD MEMBER 1.00
Director
$0 $0 $0
ANGIE CONDON President 1.00
Officer
$0 $0 $0
REBEKAH PARIS Treasurer 1.00
Officer
$0 $0 $0
IZZY WORRALL Secretary 1.00
Officer
$0 $0 $0
MATTHIAS WOLLBERG Vice President 1.00
Officer
$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
2025 $8,827 $6,783 $162,614 $2,044
2023 $3,549 $3,892 $151,661 $-343
2022 $5,250 $7,036 $152,645 $-1,786
2021 $5,389 $12,229 $157,282 $-6,840
2020 $10,273 $7,659 $166,285 $2,614
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