FREE RUSSIA FOUNDATION

EIN: 472437810 501(c)(3) International Affairs

WASHINGTON, DC

Total Revenue
$5,061,364
Total Expenses
$4,732,036
Total Assets
$2,026,427
Net Assets
$1,010,054
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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
DE
Principal Officer
NATALIYA ARNO
Phone
2025492417
Tax Period
2023-01-01 to 2023-12-31

FREE RUSSIA FOUNDATION, founded in 2014, is a community nonprofit in the International Affairs sector that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $4.7M left a modest 7% surplus.

Mission

THE WORK OF FREE RUSSIA FOUNDATION IS FOCUSED IN THREE KEY MISSION AREAS: 1. ADVANCING THE VISION OF A DEMOCRATIC, PROSPEROUS AND PEACEFUL RUSSIA GOVERNED BY THE RULE OF LAW BY EDUCATING THE NEXT GENERATION OF RUSSIAN LEADERS COMMITTED TO THESE IDEALS; 2. STRENGTHENING CIVIL SOCIETY IN RUSSIA AND DEFENDING HUMAN RIGHTS ACTIVISTS PERSECUTED BY THE RUSSIAN GOVERNMENT; AND 3. SUPPORTING FORMULATION OF AN EFFECTIVE AND SUSTAINABLE RUSSIA POLICY IN THE UNITED STATES AND EUROPE BY EDUCATING POLICY MAKERS AND INFORMING PUBLIC DEBATE.

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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 $5,061,139
Program Service Revenue $0
Investment Income $225
Other Revenue $0
TOTAL REVENUE $5,061,364

Expense Breakdown

Grants Paid $1,720,868
Salaries & Benefits $253,188
Fundraising Expenses $0
Program Expenses $4,257,632
Other Expenses $2,757,980
TOTAL EXPENSES $4,732,036

Year-over-Year Comparison

2023 2022 Change
Revenue $5,061,364 $3,363,197 +0.5%
Expenses $4,732,036 $3,021,764 +0.6%
Net Income $329,328 $341,433 0.0%
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
12
Independent Members
12
Employees
2
Volunteers
12

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
6
$309,968
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HON DAVID J KRAMER BOARD CHAIRMAN 0.50
Officer Director
$0 $0 $0
HON PAIGE ALEXANDER BOARD VICE CHAIR 0.50
Officer Director
$0 $0 $0
DR SERGEY ALEKSASHENKO BOARD TREASURER 0.50
Officer Director
$0 $0 $0
DR ALINA POLYAKOVA BOARD MEMBER 0.50
Director
$0 $0 $0
ELLEN BORK BOARD MEMBER 0.50
Director
$0 $0 $0
THOMAS FIRESTONE BOARD MEMBER 0.50
Director
$0 $0 $0
RALF FUEKS BOARD MEMBER 0.50
Director
$0 $0 $0
TOOMAS HENDRIK ILVES BOARD MEMBER 0.50
Director
$0 $0 $0
AMB IAN KELLY BOARD MEMBER 0.50
Director
$0 $0 $0
SARAH MENDELSON BOARD MEMBER 0.50
Director
$0 $0 $0
DR DANIEL TREISMAN BOARD MEMBER 0.50
Director
$0 $0 $0
ANDREW WOOD BOARD MEMBER 0.50
Director
$0 $0 $0
NATALIYA ARNO PRESIDENT 32.20
Officer
$123,896 $10,108 $166,358
NADEZHDA VALUEVA COO & SECRETARY 26.40
Officer
$76,042 $8,748 $128,540
OLGA GOLOVANENKO CFO 39.50
Officer
$15,070 $0 $15,070
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 $5,061,364 $4,732,036 $2,026,427 $329,328
2022 $3,363,197 $3,021,764 $2,351,508 $341,433
2021 $2,113,288 $1,306,473 $1,678,814 $806,815
2020 $1,459,899 $1,303,730 $681,283 $156,169
2019 $2,176,780 $2,057,647 $415,856 $119,133
2018 $1,004,881 $832,521 $288,056 $172,360
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