Global Freedom Foundation Inc

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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

Penny Maxwell

Phone

7049700092

Tax Period

2023-01-01 to 2023-12-31

Global Freedom Foundation Inc, founded in 2014, is a small nonprofit in the Human Services sector that reported $425K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 18% operating margin.

Mission

GLOBAL FREEDOM FOUNDATION EXISTS TO EMPOWER EDUCATE AND EQUIP PEOPLE TO ACHIEVE FREEDOM AND LASTING CHANGE FOR THE BETTER IN THEIR LIVES.

Program Service Accomplishments

Program 1

Expenses: $196,719 Revenue: $258,551

Freedom Academy partners with parents as they seek to educate the next generation of leaders through a biblical world view. As a home school Co-op Freedom Academy provides academic support structure...

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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 $166,658

Program Service Revenue $257,261

Investment Income $0

Other Revenue $1,290

TOTAL REVENUE $425,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $267,866

Fundraising Expenses $17,474

Program Expenses $196,719

Other Expenses $65,400

TOTAL EXPENSES $350,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$425,209	$266,294	+0.6%
Expenses	$350,740	$190,340	+0.8%
Net Income	$74,469	$75,954	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

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	Role	Reportable Comp	Other Comp	Total
Penny Maxwell	President	Director	$0	$0	$0
Randy McCurry	Vice President	Director	$0	$0	$0
Olan Carder	Secretary and Treasurer	Director	$0	$0	$0
Steve Halloran	Board Member	Director	$0	$0	$0
Fred Teumer	Board Member	Director	$0	$0	$0
Doug Locasto	Board Member	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	$425,209	$350,740	$278,629	$74,469
2022	$266,294	$190,340	$102,966	$75,954