FREEDOM RETIREMENT COMMUNITY (EIN 431209140) - 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

1980

Legal Domicile

Principal Officer

Rhonda McNelly

Phone

6604843705

Tax Period

2024-01-01 to 2024-12-31

FREEDOM RETIREMENT COMMUNITY, founded in 1980, is a micro nonprofit that reported $51K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Net assets of $524K represent 122 months of operating reserves.

Mission

The purpose of the organization is to provide adequate low-income housing for elderly and/or disabled citizens of our community.

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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 $0

Program Service Revenue $50,280

Investment Income $1,134

Other Revenue $0

TOTAL REVENUE $51,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,904

Other Expenses $55,411

TOTAL EXPENSES $55,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,414	$55,642	-0.1%
Expenses	$55,411	$53,946	+0.0%
Net Income	$-3,997	$1,696	-3.4%

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

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

$5,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Colby Kruse	President	3.00	Officer Director	$0	$0	$0
Todd Matthews	Vice President	1.00	Officer Director	$0	$0	$0
Catherine Cleary	Secretary	3.00	Officer Director	$0	$0	$0
Kenneth Clevenger	Director	1.00	Director	$0	$0	$0
Gary Dunkin	Director	1.00	Director	$0	$0	$0
Allen McDowell	Director	1.00	Director	$0	$0	$0
Richard Bolch	Director	1.00	Director	$0	$0	$0
Rhonda McNelly	Treasurer/Bookkeeper	6.00	Officer	$5,100	$0	$5,100

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	$51,414	$55,411	$744,966	$-3,997
2023	$55,642	$53,946	$613,418	$1,696
2022	$126,485	$48,848	$617,800	$77,637
2021	$66,129	$50,562	$547,964	$15,567
2020	$63,805	$55,247	$539,164	$8,558
2019	$64,036	$57,571	$536,729	$6,465
2018	$63,355	$58,401	$536,174	$4,954

FREEDOM RETIREMENT COMMUNITY