FREEDOMWORKS INCORPORATED (EIN 432048391) - 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

2004

Legal Domicile

Principal Officer

William Lang

Phone

6125229007

Tax Period

2024-04-01 to 2025-03-31

FREEDOMWORKS INCORPORATED, founded in 2004, is a community nonprofit in the Mental Health sector that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $3.7M left a modest 3% surplus.

Mission

Freedomworks provides supportive services, including residential programming to men and women

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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 $2,136,759

Program Service Revenue $1,680,303

Investment Income $8,268

Other Revenue $0

TOTAL REVENUE $3,825,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,347,683

Fundraising Expenses $71,210

Program Expenses $2,934,963

Other Expenses $2,357,495

TOTAL EXPENSES $3,705,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,825,330	$3,343,517	+0.1%
Expenses	$3,705,178	$3,025,413	+0.2%
Net Income	$120,152	$318,104	-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

200

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

$133,586

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
W George Lang	Executive Director	40	Officer	$114,086	$19,500	$133,586
Randy Kroll	Vice Chair	0	Officer Director	$0	$0	$0
Don Blue	Treasurer	2	Officer Director	$0	$0	$0
Allan Anderson	Chairman	2	Officer Director	$0	$0	$0
Dick Kluge	Board Member	1	Director	$0	$0	$0
Brady Irons	Secretary	2	Officer Director	$0	$0	$0
Ron Habegger	Board Member	1	Director	$0	$0	$0
Robert Johnston	Board Member	1	Director	$0	$0	$0
Mike Polis	Board Member	1	Director	$0	$0	$0
John Young	Board Member	1	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	$3,825,330	$3,705,178	$5,546,665	$120,152
2024	$3,343,517	$3,025,413	$5,440,825	$318,104
2023	$2,291,688	$2,015,031	$5,153,097	$276,657
2022	$2,173,154	$1,569,175	$4,875,236	$603,979
2021	$1,534,371	$1,094,696	$4,261,393	$439,675
2020	$1,238,148	$905,241	$3,853,779	$332,907
2019	$1,505,161	$688,550	$3,563,237	$816,611
2018	$775,563	$233,007	$1,100,797	$542,556

FREEDOMWORKS INCORPORATED