FREEDOMWORKS FOUNDATION INC (EIN 521526916) - 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

1989

Legal Domicile

Principal Officer

ADAM BRANDON

Phone

2027833870

Tax Period

2023-01-01 to 2023-12-31

FREEDOMWORKS FOUNDATION INC, founded in 1989, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

TO EDUCATE AND ENGAGE CITIZENS WHO STAND IN DEFENSE OF LIBERTY. SEE SCHEDULE OTO EDUCATE AND EMPOWER AMERICANS WITH THE PRINCIPLES OF INDIVIDUAL LIBERTY, SMALL GOVERNMENT, AND FREE MARKETS.

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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 $4,603,649

Program Service Revenue $0

Investment Income $3,673

Other Revenue $0

TOTAL REVENUE $4,607,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,481,981

Fundraising Expenses $92,137

Program Expenses $4,290,899

Other Expenses $2,074,286

TOTAL EXPENSES $4,556,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,607,322	$7,186,346	-0.4%
Expenses	$4,556,267	$8,423,843	-0.5%
Net Income	$51,055	$-1,237,497	-1.0%

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

5000

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

$761,451

Total Directors

$400,601

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BECKNER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BETSY ALBAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
TED ABRAM	BOARD MEMBER	1.00	Director	$0	$0	$0
JOAN CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARILYN HAYDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB LANSING	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLA OPDYCKE	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM BRANDON	PRESIDENT	26.00	Officer Director	$229,362	$47,736	$400,601
PARISSA SEDGHI FORNWALT	SECRETARY	1.00	Officer Director	$0	$0	$0
NOAH WALL	EXEC. VICE PRESIDENT (UNTIL 3/7/23)	26.00	Officer	$86,999	$11,160	$145,005
MARGARET IUCULANO	EXEC. VICE PRESIDENT (3-8/2023)	26.00	Officer	$128,749	$17,769	$215,845
JOHN TAMNY	DIR. CENTER FOR ECONOMIC FREEDOM	36.00	Highest	$147,771	$55,205	$219,395
PHILLIP BELL	DIR. OF EXTERNAL RELATIONS	26.00	Highest	$108,885	$14,687	$165,916
MATTHEW CARNOVALE	VP OF DEVELOPMENT	26.00	Highest	$90,874	$8,750	$148,556
LAURA ZORC	VP OF PROG. & E.D. OF B.E.S.T.	26.00	Highest	$67,754	$36,979	$141,216
JONATHAN EBERLE	DIRECTOR OF COMMUNICATIONS	26.00	Highest	$65,462	$12,309	$113,020

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	$4,607,322	$4,556,267	$1,836,076	$51,055
2022	$7,186,346	$8,423,843	$1,663,129	$-1,237,497
2022	$7,186,346	$8,423,843	$1,663,129	$-1,237,497
2021	$7,527,754	$8,604,982	$3,288,674	$-1,077,228
2020	$8,379,908	$6,805,394	$3,901,615	$1,574,514
2019	$5,761,882	$4,755,662	$2,953,833	$1,006,220
2018	$7,185,920	$4,973,527	$1,346,822	$2,212,393

FREEDOMWORKS FOUNDATION INC