FRIENDS OF THE FREE STATE CAPITOL INC (EIN 481198022) - 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

1998

Legal Domicile

Principal Officer

GREG ALLEN

Phone

7852344464

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE FREE STATE CAPITOL INC, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 217% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 98% operating margin.

Mission

THE ORGANIZATION PHYSICALLY PRESERVES AND RESTORES CONSTITUTION HALL AND ITS ASSOCIATED PROPERTY IN ORDER TO EDUCATE THE PUBLIC ABOUT THE NATIONALLY IMPORTANT ROLE PLAYED BY KANSAS FREE STATE IMMIGRANTS IN THE ABOLITION OF SLAVERY.

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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 $2,163,370

Program Service Revenue $0

Investment Income $55,387

Other Revenue $0

TOTAL REVENUE $2,218,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,468

Other Expenses $55,045

TOTAL EXPENSES $55,045

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,218,757	$699,693	+2.2%
Expenses	$55,045	$32,583	+0.7%
Net Income	$2,163,712	$667,110	+2.2%

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

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

$49,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS MEINHARDT	ASST TREASURER	2.00	Director	$49,500	$0	$49,500
DON LAMBERT	Trustee	2.00	Director	$0	$0	$0
GRANT GLENN	Secretary	6.00	Officer Director	$0	$0	$0
TERRY HOBBS	Trustee	2.00	Director	$0	$0	$0
STAN MATRINDELL	Treasurer	8.00	Officer Director	$0	$0	$0
THOMAS FULBRIGHT	Vice President	2.00	Officer Director	$0	$0	$0
SEAN DIXON	Trustee	2.00	Director	$0	$0	$0
GREG ALLEN	President	2.00	Officer Director	$0	$0	$0
DIANE MILLER PHD	Trustee	2.00	Director	$0	$0	$0
BETTE MORRIS	Trustee	2.00	Director	$0	$0	$0
KARA HEITZ	Trustee	2.00	Director	$0	$0	$0
BERYL NEW EDD	Trustee	2.00	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	$2,218,757	$55,045	$7,003,505	$2,163,712
2023	$699,693	$32,583	$4,834,594	$667,110
2022	$2,255,055	$50,752	$4,217,666	$2,204,303
2021	$677,005	$31,592	$2,019,717	$645,413
2020	$269,000	$37,535	$1,426,169	$231,465
2019	$84,679	$14,205	$1,269,769	$70,474
2018	$39,642	$14,842	$1,165,356	$24,800

FRIENDS OF THE FREE STATE CAPITOL INC