FREEWAY MINISTRIES INC (EIN 460967360) - Form 990 Financial Analysis & Trantor Score

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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

Tax Period

2023-01-01 to 2023-12-31

FREEWAY MINISTRIES INC, founded in 2012, is a community nonprofit in the Religion sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 13% surplus.

Mission

FREEWAY MINISTRIES MISSION IS TO BRING THE HOPE AND TRANSFORMATION OF THE GOSPEL TO THOSE SOCIETY OFTEN OVERLOOKS - REACHING THE HARD TO REACH WITH THE GOSPEL OF JESUS CHRIST, ONE BROKEN LIFE AT A TIME THROUGH CHRIST-CENTERED SUPPORT.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $449,127

Program Service Revenue $1,192,016

Investment Income $13,561

Other Revenue $30,574

TOTAL REVENUE $1,685,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $302,127

Fundraising Expenses $54,621

Program Expenses $1,273,339

Other Expenses $1,162,358

TOTAL EXPENSES $1,464,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,685,278	$1,007,672	+0.7%
Expenses	$1,464,485	$777,128	+0.9%
Net Income	$220,793	$230,544	0.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$78,702

Total Directors

$78,702

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN STROUP	EXECUTIVE DIRECTOR	40.00	Officer Director	$78,702	$0	$78,702
GARY WILSON	MEMBER	5.00	Director	$0	$0	$0
NEIL BROCK	MEMBER	5.00	Director	$0	$0	$0
ROBIN BYLER	MEMBER	5.00	Director	$0	$0	$0
GREG BYLER	MEMBER	5.00	Director	$0	$0	$0
SONYA M ANDERSON	MEMBER	5.00	Director	$0	$0	$0
PEGGY DAVIS	MEMBER	5.00	Director	$0	$0	$0
BRANDON TAYLOR	MEMBER	5.00	Director	$0	$0	$0
MICHAEL AYE	PRESIDENT	10.00	Officer	$0	$0	$0
KENNY HALE	TREASURER	10.00	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
2024	No data	No data	No data	No data
2023	$1,685,278	$1,464,485	$2,353,092	$220,793
2022	$1,007,672	$777,128	$2,976,299	$230,544
2021	$1,806,867	$611,520	$2,758,816	$1,195,347
2020	$697,712	$440,628	$2,165,061	$257,084
2019	$484,938	$521,900	$1,907,158	$-36,962
2018	$482,511	$397,407	$1,588,314	$85,104

FREEWAY MINISTRIES INC