Global Freedom Foundation Inc

EIN: 472463058 501(c)(3) Human Services

Charlotte, NC

Total Revenue
$425,209
Total Expenses
$350,740
Total Assets
$278,629
Net Assets
$152,542
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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
NC
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.

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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 $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

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Governance

Voting Members
6
Independent Members
6
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Penny Maxwell President 0.00
Director
$0 $0 $0
Randy McCurry Vice President 0.00
Director
$0 $0 $0
Olan Carder Secretary and Treasurer 0.00
Director
$0 $0 $0
Steve Halloran Board Member 0.00
Director
$0 $0 $0
Fred Teumer Board Member 0.00
Director
$0 $0 $0
Doug Locasto Board Member 0.00
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 $425,209 $350,740 $278,629 $74,469
2022 $266,294 $190,340 $102,966 $75,954
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