FREE INDEED (EIN 473773929) - 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

2015

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

FREE INDEED, founded in 2015, is a small nonprofit in the Religion sector that reported $333K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Net assets of $1.3M represent 48 months of operating reserves.

Mission

FREE INDEED EXISTS TO PROVIDE TRAINING AND RESOURCES TO COUNSELORS, TEACHERS, AND CHURCH LEADERS. THE ENTITY ALSO PROVIDES EDUCATIONAL AND RELIGIOUS LITERATURE TO THE COMMUNITY AT LARGE. FREE INDEED SEEKS TO SERVE IN LANCASTER COUNTY, PENNSYLVANIA, AND BEYOND.

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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 $309,163

Program Service Revenue $0

Investment Income $16,605

Other Revenue $7,306

TOTAL REVENUE $333,074

Expense Breakdown

Grants Paid $113,378

Salaries & Benefits $111,440

Fundraising Expenses $0

Program Expenses $217,085

Other Expenses $104,912

TOTAL EXPENSES $329,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,074	$380,863	-0.1%
Expenses	$329,730	$341,476	0.0%
Net Income	$3,344	$39,387	-0.9%

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

$99,201

Total Directors

$8,391

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KING	ADMIN	40.00	Officer	$80,986	$0	$80,986
KEITH BEILER	ADMIN	40.00	Officer	$13,415	$0	$13,415
PAUL KING	TREASURER	1.00	Director	$8,141	$0	$8,141
EMANUEL ZOOK	ADMINISTRATOR	40.00	Officer	$4,800	$0	$4,800
SAM KAUFFMAN	AT LARGE	1.00	Director	$250	$0	$250
MEL LANTZ	AT LARGE	1.00	Director	$0	$0	$0
SYLVAN KING	AT LARGE	1.00	Director	$0	$0	$0
WENDELL HOLLINGER	CHAIR	1.00	Director	$0	$0	$0
ED STOLTZFUS	SECRETARY	1.00	Director	$0	$0	$0
JOHN STOLTZFUS	AT LARGE	1.00	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	$333,074	$329,730	$1,337,363	$3,344
2022	$380,863	$341,476	$1,330,247	$39,387
2021	$445,897	$331,775	$1,281,572	$114,122
2020	$492,926	$333,996	$1,162,368	$158,930
2019	$664,093	$348,716	$1,004,911	$315,377
2018	$282,722	$279,146	$686,191	$3,576

FREE INDEED