Freedom Center

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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

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.

Program Service Accomplishments

Program 1

Revenue: $37,724

In 2018 we were able to open the facility and start helping the needy with shelter, clothing, food and council. We have continued this and helped even more people in 2019.

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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 (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

Governance

Voting Members

Independent Members

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
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