FREEDOM WEST COMMUNITY DEVELOPMENT CORPO (EIN 481269237) - 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

2002

Legal Domicile

Phone

5803277649

Tax Period

2024-10-01 to 2025-09-30

FREEDOM WEST COMMUNITY DEVELOPMENT CORPO, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $142K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $276K exceeded revenue, resulting in a 94% operating deficit.

Mission

PROMOTES THE REVITALIZATION OF COMMUNITIES IN ALFALFA, DEWEY, HARPER, WOODS, AND WOODWARD COUNTIES IN NORTHWEST OKLAHOMA BY SUPPORTING AND SPONSORING PROGRAMS IN THE ARTS, AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION, ECONOMIC DEVELOPMENT, STRATEGIC PLANNING AND HERITAGE TOURISM

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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 $159,768

Program Service Revenue $93,818

Investment Income $-111,185

Other Revenue $0

TOTAL REVENUE $142,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,460

Fundraising Expenses $0

Program Expenses $169,615

Other Expenses $191,474

TOTAL EXPENSES $275,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,401	$451,361	-0.7%
Expenses	$275,934	$260,629	+0.1%
Net Income	$-133,533	$190,732	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STAN BIXLER	Director	1.00	Director	$0	$0	$0
STEPHANIE WIDICK	Secretary	1.00	Officer Director	$0	$0	$0
TODD KOURT	Vice President	2.00	Officer Director	$0	$0	$0
TRACY STINE	Director	1.00	Director	$0	$0	$0
TERRY SMITH	Director	1.00	Director	$0	$0	$0
KAY DECKER	Executive Dir.	20.00	Director	$0	$0	$0
LANA SHAFFER	Director	0.00	Director	$0	$0	$0
ADAM HONEYMAN	President	2.00	Officer Director	$0	$0	$0
MATT RHODES	Director	1.00	Director	$0	$0	$0
BRANDI SCHEBER	Director	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
2025	$142,401	$275,934	$1,505,660	$-133,533
2024	$451,361	$260,629	$1,647,435	$190,732
2023	$195,638	$221,223	$1,442,627	$-25,585
2022	$185,681	$250,712	$1,459,989	$-65,031
2021	$170,657	$239,497	$1,604,444	$-68,840
2020	$199,337	$255,530	$1,690,791	$-56,193
2019	$197,845	$258,174	$1,743,773	$-60,329
2018	$221,507	$278,233	$1,825,285	$-56,726

FREEDOM WEST COMMUNITY DEVELOPMENT CORPO