FREEDOM EDUCATION PROJECT PUGET SOUND

EIN: 455291038 501(c)(3) Crime & Legal

Seattle, WA

Total Revenue
$502,179
Total Expenses
$659,042
Total Assets
$813,223
Net Assets
$795,801
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
WA
Principal Officer
Alyssa Knight
Phone
2067292480
Tax Period
2024-01-01 to 2024-12-31

FREEDOM EDUCATION PROJECT PUGET SOUND, founded in 2012, is a small nonprofit in the Crime & Legal sector that reported $502K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $659K exceeded revenue, resulting in a 31% operating deficit.

Mission

The Freedom Education Project Puget Sound (FEPPS) offers a rigorous college program inside the Washington Correction Center for Women (WCCW) and works to increase access to educational opportunity for women prisoners and former prisoners in Washington state. Students in our program earn credit toward an associate of arts and science degree.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $459,208
Program Service Revenue $0
Investment Income $42,971
Other Revenue $0
TOTAL REVENUE $502,179

Expense Breakdown

Grants Paid $0
Salaries & Benefits $427,596
Fundraising Expenses $43,795
Program Expenses $476,028
Other Expenses $231,446
TOTAL EXPENSES $659,042

Year-over-Year Comparison

2024 2023 Change
Revenue $502,179 $429,069 +0.2%
Expenses $659,042 $568,024 +0.2%
Net Income $-156,863 $-138,955 +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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
10
Volunteers
25

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
$131,137
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alyssa Knight Executive Director from May 2024 40
Officer
$103,083 $9,414 $112,497
Jennifer Bright Executive Director until April 2024 20
Officer
$18,640 $0 $18,640
Laura Birx President 4
Officer Director
$0 $0 $0
Jeff Conner Secretary 1
Officer Director
$0 $0 $0
Josephine Day Treasurer 2
Officer Director
$0 $0 $0
Amanda Dubois Board Member 1
Director
$0 $0 $0
Robin Jacobson Board Member 1
Director
$0 $0 $0
Starr Lake Board Member 1
Director
$0 $0 $0
Max Likin Board Member 1
Director
$0 $0 $0
Kelly Olson Board Member 1
Director
$0 $0 $0
Andre Penalver Board Member 1
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
2024 $502,179 $659,042 $813,223 $-156,863
2023 $429,069 $568,024 $967,100 $-138,955
2022 $738,452 $457,805 $1,107,442 $280,647
2021 $362,508 $574,689 $875,131 $-212,181
2020 $1,116,840 $533,673 $1,180,721 $583,167
2019 $465,541 $414,598 $456,641 $50,943
2018 $411,611 $388,308 $403,683 $23,303
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