Freedom Life Ministries (EIN 461322178) - 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

Phone

8285592224

Tax Period

2024-01-01 to 2024-12-31

Freedom Life Ministries, founded in 2012, is a community nonprofit in the Crime & Legal sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 14% surplus.

Mission

We help justice involved individuals and their families break the cycle of incarceration by partnering with the community to provide spiritual support and need based services. People impacted by incaration live in hope and lasting freedom

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,361,595

Program Service Revenue $0

Investment Income $10,773

Other Revenue $5,928

TOTAL REVENUE $1,378,296

Expense Breakdown

Grants Paid $166,628

Salaries & Benefits $713,299

Fundraising Expenses $34,441

Program Expenses $1,030,982

Other Expenses $311,535

TOTAL EXPENSES $1,191,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,378,296	$1,406,362	0.0%
Expenses	$1,191,462	$1,089,769	+0.1%
Net Income	$186,834	$316,593	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Danny Hampton	Executive Director	40.00		$51,714	$0	$51,714
Doug Beane-Hall	Chairman	4.00	Officer Director	$0	$0	$0
Joseph Bo McMinn	Secretary	2.00	Officer Director	$0	$0	$0
Art Reagle	Treasurer	1.00	Director	$0	$0	$0
Wendy Gibson	Director	1.00	Director	$0	$0	$0
Robert McNeely	Director	1.00	Director	$0	$0	$0
Michael McEnery	Vice President	1.00	Officer Director	$0	$0	$0
Roberta Long	Director	1.00	Director	$0	$0	$0
Laura Powell	Director	1.00	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	No data	No data	No data	No data
2024	$1,378,296	$1,191,462	$1,550,232	$186,834
2024	No data	No data	No data	No data
2023	$1,406,362	$1,089,769	$1,777,240	$316,593
2022	$719,338	$1,051,078	$1,464,791	$-331,740
2021	$1,945,477	$816,467	$1,769,942	$1,129,010
2020	$991,512	$602,736	$656,327	$388,776
2019	$618,826	$520,679	$203,843	$98,147

Freedom Life Ministries