Freedom Center

EIN: 471319938 501(c)(3)

Dresden, ME

Total Revenue
$40,329
Total Expenses
$56,363
Total Assets
$717,069
Net Assets
$717,069
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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
2014
Legal Domicile
ME
Principal Officer
Jan Burns
Tax Period
2019-01-01 to 2019-12-31

Freedom Center, founded in 2014, is a micro nonprofit that reported $40K in total revenue in fiscal year 2019. Expenses of $56K exceeded revenue, resulting in a 40% operating deficit.

Mission

To provide outreach to the needy throughout the state of Maine such as shelter, clothing, food and council. Giving individuals hope and a new beginning with a strong foundation and 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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $2,598
Program Service Revenue $0
Investment Income $7
Other Revenue $37,724
TOTAL REVENUE $40,329

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $56,363
TOTAL EXPENSES $56,363

Year-over-Year Comparison

2019 2018 Change
Revenue $40,329 N/A N/A
Expenses $56,363 N/A N/A
Net Income $-16,034 N/A N/A
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
7
Independent Members
7
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
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pastor Nathan Richards Director 5.00
Director
$0 $0 $0
Keven Vachon Director 5.00
Director
$0 $0 $0
Brenda Wallace Director 5.00
Director
$0 $0 $0
Jefferson Slack Director 5.00
Director
$0 $0 $0
David D Bernard Director 5.00
Director
$0 $0 $0
Robert H Whear Director 5.00
Director
$0 $0 $0
Jan Burns Executive Director 5.00
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
2019 $40,329 $56,363 $717,069 $-16,034
2018 $26,367 $47,777 $739,437 $-21,410
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