MICHIGAN FREEDOM FUND (EIN 461324378) - 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

Principal Officer

NATE BAILEY

Phone

5176181589

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN FREEDOM FUND, founded in 2012, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $3.1M exceeded revenue, resulting in a 37% operating deficit.

Mission

TO EDUCATE THE PUBLIC ON ISSUES CONCERNING FISCAL RESPONSIBILITY ECONOMIC FREEDOM, AND THE ELIMINATION OF COERCIVE AND COMPULSORY POLICIES; PROMOTE THESE ISSUES; AND SUPPORT LEGISLATIVE CHANGES TO EMBRACE THESE ISSUES.

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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 $1,941,148

Program Service Revenue $0

Investment Income $1,286

Other Revenue $291,398

TOTAL REVENUE $2,233,832

Expense Breakdown

Grants Paid $240,000

Salaries & Benefits $1,051,764

Fundraising Expenses $0

Program Expenses $2,756,770

Other Expenses $1,777,761

TOTAL EXPENSES $3,069,525

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,233,832	$2,571,366	-0.1%
Expenses	$3,069,525	$1,484,644	+1.1%
Net Income	$-835,693	$1,086,722	-1.8%

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

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

$230,025

Total Directors

$105,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATE BAILEY	CHAIRMAN	2.00	Officer Director	$105,000	$0	$105,000
JASE BOLGER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY DOSTER	TREAS/SECRETARY	2.00	Officer Director	$0	$0	$0
JOSH PACIOREK	PRESIDENT	2.00	Officer Director	$0	$0	$0
SARAH ANDERSON	EXECUTIVE DIRECTOR	40.00	Officer	$115,000	$10,025	$125,025

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	$2,233,832	$3,069,525	$822,413	$-835,693
2023	$2,571,366	$1,484,644	$1,657,477	$1,086,722
2022	$1,399,381	$1,256,816	$570,723	$142,565
2021	$680,227	$913,943	$430,394	$-233,716
2020	$822,205	$768,532	$661,132	$53,673
2019	$841,905	$734,391	$604,398	$107,514

MICHIGAN FREEDOM FUND