FREEMAN ACADEMY & FREEMAN JUNIOR COLLEGE (EIN 460229820) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1900

Legal Domicile

Principal Officer

BRIAN PAFF

Phone

6059254237

Tax Period

2024-07-01 to 2025-06-30

FREEMAN ACADEMY & FREEMAN JUNIOR CO, founded in 1900, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2017. Net assets of $4.8M represent 34 months of operating reserves.

Mission

FAITH INSPIRED LEARNING FOR LIFE.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,336,335

Program Service Revenue $911,541

Investment Income $92,456

Other Revenue $181,297

TOTAL REVENUE $2,521,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,330,392

Fundraising Expenses $120,944

Program Expenses $2,194,019

Other Expenses $1,053,423

TOTAL EXPENSES $2,473,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,521,629	$2,323,339	+0.1%
Expenses	$2,473,732	$2,597,584	0.0%
Net Income	$47,897	$-274,245	-1.2%

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

585

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

$92,137

Total Directors

$3,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE WALTNER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
PAUL ORTMAN	DIRECTOR	4.00	Director	$1,600	$0	$1,600
BRIAN PAFF	PRESIDENT	7.00	Officer Director	$0	$0	$0
MATT MILLER	DIRECTOR	3.00	Director	$0	$0	$0
PAUL BALZER	DIRECTOR	3.00	Director	$0	$0	$0
KATE FRIESEN	DIRECTOR	3.00	Director	$0	$0	$0
LIZ GRABER	DIRECTOR	3.00	Director	$0	$0	$0
BRAD CARLSON	DIRECTOR	4.00	Director	$0	$0	$0
ANGIE BROCKMUELLER	SECRETARY	4.00	Officer Director	$2,000	$0	$2,000
BRADEN ANDERSON	HEAD OF SCHOOL	40.00	Officer	$76,381	$13,756	$90,137

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	$2,521,629	$2,473,732	$4,889,211	$47,897
2024	$2,323,339	$2,597,584	$4,822,914	$-274,245
2023	$2,003,178	$2,321,120	$5,009,052	$-317,942
2022	$2,194,568	$1,943,618	$5,114,628	$250,950
2021	$2,474,589	$2,418,120	$5,367,160	$56,469
2020	$1,385,398	$1,753,661	$5,096,059	$-368,263
2019	$1,672,768	$1,611,279	$5,144,661	$61,489
2018	$1,682,715	$1,682,891	$5,114,518	$-176

FREEMAN ACADEMY & FREEMAN JUNIOR COLLEGE