FREE TO CHOOSE NETWORK INC (EIN 521455677) - 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

1985

Legal Domicile

Principal Officer

ROBERT CHATFIELD

Phone

8148337140

Tax Period

2024-07-01 to 2025-06-30

FREE TO CHOOSE NETWORK INC, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.1M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

EDUCATIONAL PROGRAMING

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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 $3,558,247

Program Service Revenue $485,417

Investment Income $28,193

Other Revenue $9,366

TOTAL REVENUE $4,081,223

Expense Breakdown

Grants Paid $748,485

Salaries & Benefits $1,195,935

Fundraising Expenses $384,339

Program Expenses $3,216,739

Other Expenses $2,158,288

TOTAL EXPENSES $4,102,708

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,081,223	$4,628,979	-0.1%
Expenses	$4,102,708	$4,514,148	-0.1%
Net Income	$-21,485	$114,831	-1.2%

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

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

$221,543

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JORGENSEN	DIRECTOR	1.00	Director	$0	$0	$0
MARK CHITESTER	DIRECTOR	1.00	Director	$0	$0	$0
RONALD H MUHLENKAMP	TREASURER	1.00	Officer Director	$0	$0	$0
WESLEY KEMP	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE OLSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS J RUFER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRIAN SINGER	CHAIRMAN EMERITUS	1.00	Officer Director	$0	$0	$0
ANDREW WALTERS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
THOMAS MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE GIOVANETTI LIPS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CHATFIELD	PRESIDENT & CEO	40.00	Officer	$211,504	$10,039	$221,543

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	$4,081,223	$4,102,708	$3,632,610	$-21,485
2024	$4,628,979	$4,514,148	$3,448,933	$114,831
2023	$4,533,647	$3,630,507	$3,392,813	$903,140
2022	$4,181,132	$4,655,128	$3,069,088	$-473,996
2022	$4,181,132	$4,655,128	$3,069,088	$-473,996
2022	$4,181,132	$4,655,128	$3,069,088	$-473,996
2021	$4,682,369	$2,988,079	$2,875,719	$1,694,290
2020	$2,894,526	$3,621,886	$1,412,728	$-727,360
2019	$3,299,996	$3,541,006	$1,910,256	$-241,010
2019	$3,299,996	$3,541,007	$1,910,256	$-241,011

FREE TO CHOOSE NETWORK INC