WHOLENESS TO FREEDOM MINISTRIES INC (EIN 471979540) - 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

2014

Legal Domicile

Principal Officer

JAMES L BEGLEY JR

Phone

3214255494

Tax Period

2023-01-01 to 2023-12-31

WHOLENESS TO FREEDOM MINISTRIES INC, founded in 2014, is a small nonprofit in the Mental Health sector that reported $412K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

COUNSELING AND LIFE SKILLS

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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 (2023)

Revenue Breakdown

Contributions & Grants $292,722

Program Service Revenue $112,475

Investment Income $249

Other Revenue $7,006

TOTAL REVENUE $412,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,642

Fundraising Expenses $0

Program Expenses $346,574

Other Expenses $245,046

TOTAL EXPENSES $439,688

Year-over-Year Comparison

	2023	2022	Change
Revenue	$412,452	$343,721	+0.2%
Expenses	$439,688	$522,653	-0.2%
Net Income	$-27,236	$-178,932	-0.8%

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

$37,777

Total Directors

$37,777

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES L BEGLEY JR	PRESIDENT	40.00	Officer Director	$19,664	$0	$19,664
SUSAN BEGLEY NON-VOTING	VICE PRESIDENT	40.00	Officer Director	$18,113	$0	$18,113
GREG WEIDO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALISON BYWATER	SECRETARY	1.00	Officer Director	$0	$0	$0
ANNAMARIE FETTERMAN	TREASURER	1.00	Officer Director	$0	$0	$0
ORLANDO JARDIM	SPIRITUAL DIRECTOR	5.00	Director	$0	$0	$0
ERIC EDGERTON	DIRECTOR	2.00	Director	$0	$0	$0
SHARON EDGERTON NON-VOTING	DIRECTOR	2.00	Director	$0	$0	$0
DON LAVOIE	DIRECTOR	2.00	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	$412,452	$439,688	$662,853	$-27,236
2022	$343,721	$522,653	$994,113	$-178,932
2021	$399,119	$331,335	$1,009,139	$67,784
2020	$528,040	$219,022	$948,925	$309,018
2019	$192,201	$190,109	$523,359	$2,092
2018	$111,242	$69,003	$523,359	$42,239

WHOLENESS TO FREEDOM MINISTRIES INC