THE FREEDOM CENTER INC (EIN 522328301) - 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

2001

Legal Domicile

Phone

3018467811

Tax Period

2024-10-01 to 2025-09-30

THE FREEDOM CENTER INC, founded in 2001, is a small nonprofit in the Human Services sector that reported $524K in total revenue in fiscal year 2024.

Mission

TO PROVIDE PEER COUNSELING, INFORMATION AND REFERAL SERVICES, ADVOCACY, INDEPENDENT LIVING SKILLS TRAINING AND TRANSITION SERVICES FOR PERSONS WITH DISABILITIES IN FREDERICK AND CARROLL COUNTY, MARYLAND.

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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 $500,292

Program Service Revenue $16,685

Investment Income $6,672

Other Revenue $0

TOTAL REVENUE $523,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $362,902

Fundraising Expenses $1,048

Program Expenses $466,718

Other Expenses $149,958

TOTAL EXPENSES $512,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$523,649	$525,125	0.0%
Expenses	$512,860	$510,809	+0.0%
Net Income	$10,789	$14,316	-0.2%

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

$78,246

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GEORGE	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHELSEA SADAIE	TREASURER	2.00	Officer Director	$0	$0	$0
SANDRA GILLETT PALMER	SECRETARY	2.00	Officer Director	$0	$0	$0
KEVIN WELKER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN CECIL	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK MCMURTRAY	DIRECTOR	2.00	Director	$0	$0	$0
DAVID S DREZNER	EXECUTIVE DIRECTOR	35.00	Officer	$78,246	$0	$78,246
JIM RICHARDS	DIRECTOR	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
2025	$523,649	$512,860	$385,102	$10,789
2024	$525,125	$510,809	$367,268	$14,316
2023	$474,352	$445,567	$354,316	$28,785
2022	$537,585	$525,128	$322,248	$12,457
2021	$555,005	$539,222	$310,039	$15,783
2020	$486,122	$505,484	$288,544	$-19,362
2019	$473,010	$430,635	$307,388	$42,375
2018	$401,933	$383,467	$261,407	$18,466

THE FREEDOM CENTER INC