RELIGIOUS FREEDOM & BUSINESS FOUNDATION

EIN: 464626031 501(c)(3) Religion

ANNAPOLIS, MD

Total Revenue
$555,312
Total Expenses
$871,022
Total Assets
$185,763
Net Assets
$185,318
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
UT
Principal Officer
BRIAN J GRIM
Tax Period
2023-01-01 to 2023-12-31

RELIGIOUS FREEDOM & BUSINESS FOUNDATION, founded in 2014, is a small nonprofit in the Religion sector that reported $555K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $871K exceeded revenue, resulting in a 57% operating deficit.

Mission

TO EDUCATE THE GLOBAL BUSINESS COMMUNITY ABOUT HOW RELIGIOUS FREEDOM IS GOOD FOR BUSINESS, AND TO ENGAGE THE BUSINESS COMMUNITY IN JOINING FORCES WITH GOVERNMENT AND NON-GOVERNMENT ORGANIZATIONS IN PROMOTING RESPECT FOR FREEDOM OF RELIGION OR BELIEF.

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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 (2023)

Revenue Breakdown

Contributions & Grants $490,663
Program Service Revenue $64,631
Investment Income $18
Other Revenue $0
TOTAL REVENUE $555,312

Expense Breakdown

Grants Paid $0
Salaries & Benefits $300,580
Fundraising Expenses $11,151
Program Expenses $830,737
Other Expenses $570,442
TOTAL EXPENSES $871,022

Year-over-Year Comparison

2023 2022 Change
Revenue $555,312 $644,660 -0.1%
Expenses $871,022 $560,018 +0.6%
Net Income $-315,710 $84,642 -4.7%
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
4
Independent Members
4
Employees
2
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
$233,395
Total Directors
4
$233,395
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN J GRIM PRESIDENT 40.00
Officer Director
$188,858 $21,404 $210,262
PAUL LAMBERT SECRETARY/TR 0.00
Officer Director
$23,133 $0 $23,133
GREG CLARK VICE PRESIDE 0.00
Officer Director
$0 $0 $0
CHRIS SEIPLE BOARD MEMBER 0.00
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
2024 No data No data No data No data
2023 $555,312 $871,022 $185,763 $-315,710
2022 $644,660 $560,018 $501,342 $84,642
2021 $543,636 $476,625 $416,943 $67,011
2020 $431,385 $381,201 $379,075 $50,184
2019 $532,406 $368,264 $300,234 $164,142
2018 $269,990 $331,832 $133,846 $-61,842
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