Freedom Academy I Inc

EIN: 460822237 501(c)(3) Human Services

Indianapolis, IN

Total Revenue
$67,800
Total Expenses
$66,800
Total Assets
$1,696,000
Net Assets
$449,000
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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
2012
Legal Domicile
IN
Phone
3176989360
Tax Period
2024-08-01 to 2025-07-31

Freedom Academy I Inc, founded in 2012, is a micro nonprofit in the Human Services sector that reported $68K in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. Net assets of $449K represent 79 months of operating reserves.

Mission

Community Service

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $67,800
TOTAL REVENUE $67,800

Expense Breakdown

Grants Paid $1,300
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $13,900
Other Expenses $65,500
TOTAL EXPENSES $66,800

Year-over-Year Comparison

2024 2023 Change
Revenue $67,800 $545,000 -0.9%
Expenses $66,800 $520,000 -0.9%
Net Income $1,000 $25,000 -1.0%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHELLE CAREY Member at Large 0.00
Officer
$0 $0 $0
HOWARD HARDING CEO 0.00
Officer
$0 $0 $0
PAMELA S LEEPER CFO 0.00
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 $67,800 $66,800 $1,696,000 $1,000
2024 $545,000 $520,000 $1,724,000 $25,000
2023 $232,500 $235,000 $1,793,500 $-2,500
2022 $185,930 $184,500 $1,734,000 $1,430
2021 $314,430 $294,370 $1,709,060 $20,060
2020 $194,000 $184,000 $1,706,000 $10,000
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