True Freedom Inc (EIN 464701022) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

Michael Swiger

Tax Period

2023-01-01 to 2023-12-31

True Freedom Inc, founded in 2014, is a community nonprofit in the Crime & Legal sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $965K left a modest 8% surplus.

Mission

True Freedom Ministries is an evangelical, non-profit organization dedicated to reaching people locked in jails and prisons, the homeless, and those trapped in addiction across Ohio with the message of the true freedom found only in Jesus Christ.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,033,939

Program Service Revenue $7,650

Investment Income $34,445

Other Revenue $-21,814

TOTAL REVENUE $1,054,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $701,009

Fundraising Expenses $48,502

Program Expenses $752,010

Other Expenses $264,169

TOTAL EXPENSES $965,178

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,054,220	$974,293	+0.1%
Expenses	$965,178	$874,133	+0.1%
Net Income	$89,042	$100,160	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$130,206

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Swiger	President	60.00	Officer	$130,206	$0	$130,206
Reuben Gobezie	Board Member	1.00	Director	$0	$0	$0
Richard Gibson	Board Member	1.00	Director	$0	$0	$0
Chris Bryniarski	Board Member	3.00	Director	$0	$0	$0
Kimberly Smith Rivera	Board Member	2.00	Director	$0	$0	$0
Jon Lawrence	Board Member	3.00	Director	$0	$0	$0
Frank Sinito	Board Chairman	3.00	Director	$0	$0	$0
Jessica McCamon	Secretary	3.00	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	$1,054,220	$965,178	$1,224,512	$89,042
2022	$974,293	$874,133	$1,096,237	$100,160
2021	$1,015,910	$751,578	$986,672	$264,332
2020	$959,475	$749,167	$712,032	$210,308
2019	$788,816	$761,628	$544,374	$27,188
2018	$837,624	$813,058	$522,508	$24,566

True Freedom Inc