FREEDOM WORKS DEVELOPMENT CORPORATION (EIN 431592382) - 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

1991

Legal Domicile

Principal Officer

DR BRUCE MCGREGOR

Phone

8162417070

Tax Period

2019-01-01 to 2019-12-31

FREEDOM WORKS DEVELOPMENT CORPORATION, founded in 1991, is a small nonprofit in the Employment sector that reported $303K in total revenue in fiscal year 2019. The organization ran a surplus of $54K, a strong 18% operating margin.

Mission

FACILITATION OF CHANGES IN INNER CITIES THROUGH COMMUNITY DEVELOPMENT & URBAN RENEWAL. FOCUS ON YOUTH TRAINING, EDUCATION AND LIFE SKILLS TO CREATE PRODUCTIVE MEMBERS OF THE INNER CITY 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 (2019)

Revenue Breakdown

Contributions & Grants $275,539

Program Service Revenue $17,365

Investment Income $3,297

Other Revenue $6,344

TOTAL REVENUE $302,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,875

Fundraising Expenses $7,822

Program Expenses $194,202

Other Expenses $115,817

TOTAL EXPENSES $248,692

Year-over-Year Comparison

	2019	2018	Change
Revenue	$302,545	$309,600	0.0%
Expenses	$248,692	$169,850	+0.5%
Net Income	$53,853	$139,750	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BRUCE MCGREGOR	CHAIRMAN	2.00	Officer Director	$0	$0	$0
KEVIN CACY	PRESIDENT	10.00	Officer Director	$0	$0	$0
MELVIN COLE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE DOUGLAS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB WEST	SECRETARY	1.00	Officer 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
2019	$302,545	$248,692	$377,708	$53,853
2018	$309,600	$169,850	$328,018	$139,750

FREEDOM WORKS DEVELOPMENT CORPORATION