1619 FREEDOM SCHOOL (EIN 473954055) - 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

2016

Legal Domicile

Principal Officer

Joy Harrington

Phone

3194270314

Tax Period

2024-01-01 to 2024-12-31

1619 FREEDOM SCHOOL, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $436K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring.

Mission

The 1619 Freedom School is a free community-based after-school literacy program where students improve literacy skills and develop a love for reading through liberating instruction centered on Black American history.

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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 (2024)

Revenue Breakdown

Contributions & Grants $436,447

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $436,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,974

Fundraising Expenses $3,585

Program Expenses $393,141

Other Expenses $318,417

TOTAL EXPENSES $476,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$436,447	$894,158	-0.5%
Expenses	$476,391	$487,391	0.0%
Net Income	$-39,944	$406,767	-1.1%

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

$73,001

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIKOLE HANNAH-JONES	PRESIDENT	3.00	Officer	$0	$0	$0
SHERITTA STOKES	VICE PRESIDENT	3.00	Officer	$39,252	$0	$39,252
JOY HARRINGTON	SECRETARY	3.00	Officer	$33,749	$0	$33,749
SHARINA SALLIS	TREASURER	1.00	Officer	$0	$0	$0
RODNEY ANDERSON	MEMBER	1.00	Director	$0	$0	$0
JOY BRISCOE	MEMBER	1.00	Director	$0	$0	$0
LORI DALE	MEMBER	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	$436,447	$476,391	$653,596	$-39,944
2023	$894,158	$487,391	$473,673	$406,767
2022	$185,055	$170,622	$66,906	$14,433

1619 FREEDOM SCHOOL