Minneapolis, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Freedomworks provides comprehensive faith-based re-entry and recovery programs focused on those released from incarceration, leading to life transformation in Jesus Christ.
FreedomWorks offers re-entry and recovery programs to ex-offenders through five residential program models, including: (1) Treatment Services with Sponsored Lodging, (2) Transitional Living, (3)...
FreedomWorks offers re-entry and recovery programs to ex-offenders through five residential program models, including: (1) Treatment Services with Sponsored Lodging, (2) Transitional Living, (3) Re-entry and Aftercare, (4) Sober Living, and (5) Graduate Independent Living. Licensed supportive services are provided through on-site partnerships, including alcohol, drug, and mental health treatment. Program structures include participant accountability needed for transitioning from a lifestyle of crime and addiction. Participants engage in individual counseling, mentoring, supportive groups, and personal development of independent life skill programs. During the year, FreedomWorks provided 454 participants with transitional services through our residential programs. Our programs are supported by 115 outside volunteers providing 5520 volunteer hours. Our life skill and work readiness programs are directly through our food initiative programs: The Bread of Life food shelf offers service opportunities while teaching basic customer service, inventory control, and budgeting, while learning how to serve others. Participants volunteered over 15,000 service hours to distribute food to 7200 neighboring households in N. Minneapolis. JailBreakers Catering teaches participants independent life skills, hospitality, and food service training while providing pathways for qualified participants to earn income through our on-the-job training program, while simultaneously completing their residential programs.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare FREEDOMWORKS INCORPORATED with other nonprofits in Minnesota and across the country.