FREE FILE INC

EIN: 452609992 Community Improvement

CENTREVILLE, VA

Total Revenue
$590,603
Total Expenses
$529,118
Total Assets
$742,061
Net Assets
$742,061
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
VA
Phone
2024403613
Tax Period
2025-01-01 to 2025-12-31

FREE FILE INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $467K in total revenue in fiscal year 2018. Expenses of $431K left a modest 8% surplus.

Mission

IRS ELECTRONIC FILING ADVOCACY

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $588,000
Program Service Revenue $0
Investment Income $2,603
Other Revenue $0
TOTAL REVENUE $590,603

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $99,170
Other Expenses $529,118
TOTAL EXPENSES $529,118

Year-over-Year Comparison

2025 2024 Change
Revenue $590,603 $547,172 +0.1%
Expenses $529,118 $475,635 +0.1%
Net Income $61,485 $71,537 -0.1%
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

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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
9
Independent Members
9
Employees
N/A
Volunteers
8

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
1
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM HUGO EXECUTIVE DIRECTOR 20.00
Officer Director
$0 $0 $0
1040NOW CORP H TRAN DIRECTOR 0.00
Director
$0 $0 $0
EZTAXRETURNCOM S HASAN DIRECTOR 0.00
Director
$0 $0 $0
FILEYOURTAXESCOM T TALUY DIRECTOR 0.00
Director
$0 $0 $0
ONLINE TAXES INC J PREMKUMAR DIRECTOR 0.00
Director
$0 $0 $0
TAXACT INC M JAEGER DIRECTOR 0.00
Director
$0 $0 $0
TAXHAWK INC C WHITEHEAD DIRECTOR 0.00
Director
$0 $0 $0
TAXSLAYER S BABB DIRECTOR 0.00
Director
$0 $0 $0
DRAKE SOFTWARE J BALLEW DIRECTOR 0.00
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
2025 $590,603 $529,118 $742,061 $61,485
2024 $547,172 $475,635 $680,576 $71,537
2023 $482,339 $412,537 $609,039 $69,802
2022 $420,832 $381,294 $539,237 $39,538
2021 $468,599 $406,338 $499,699 $62,261
2020 $488,937 $669,202 $437,438 $-180,265
2019 $655,726 $588,786 $617,703 $66,940
2018 $467,243 $430,717 $550,763 $36,526
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