FREEDOM ALLIANCE (EIN 541411430) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

Thomas Kilgannon

Phone

7034447940

Tax Period

2024-01-01 to 2024-12-31

Freedom Alliance, founded in 1989, is a community nonprofit in the International Affairs sector that reported $7.9M in total revenue in fiscal year 2018. Net assets of $35.2M represent 54 months of operating reserves.

Mission

. FREEDOM ALLIANCE IS AN EDUCATIONAL AND CHARITABLE ORGANIZATION WHOSE MISSION IS TO ADVANCE THE AMERICAN HERITAGE OF FREEDOM BY HONORING AND ENCOURAGING MILITARY SERVICE, DEFENDING THE SOVEREIGNTY OF THE UNITED STATES, AND PROMOTING A STRONG NATIONAL DEFENSE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,680,220

Program Service Revenue $150,100

Investment Income $1,862,237

Other Revenue $95,413

TOTAL REVENUE $15,787,970

Expense Breakdown

Grants Paid $6,031,536

Salaries & Benefits $1,911,850

Fundraising Expenses $832,522

Program Expenses $9,806,686

Other Expenses $2,918,988

TOTAL EXPENSES $10,890,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,787,970	$12,766,585	+0.2%
Expenses	$10,890,639	$10,030,506	+0.1%
Net Income	$4,897,331	$2,736,079	+0.8%

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

325

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

$393,827

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gerald Lindholm	Chairman	2.00	Officer Director	$0	$0	$0
Rita Scott	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
Robert Bauman	Director	2.00	Director	$0	$0	$0
Gen William Boykin	Director	2.00	Director	$0	$0	$0
Edward Dally	Director	2.00	Director	$0	$0	$0
Bob Garthwait Jr	Director	2.00	Director	$0	$0	$0
Lynn Silan-Torcolini	Director	2.00	Director	$0	$0	$0
Thomas P Kilgannon	President	70.00	Officer	$191,520	$41,851	$233,371
Dolores L Wilgenbusch	COO/CFO	60.00	Officer	$146,300	$14,156	$160,456
Calvin Coolidge	Executive Director	60.00	Highest	$144,750	$32,275	$177,025

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	$15,787,970	$10,890,639	$52,233,806	$4,897,331
2023	$12,766,585	$10,030,506	$45,193,687	$2,736,079
2022	$11,551,006	$10,644,071	$42,571,258	$906,935
2021	$14,131,873	$11,345,673	$45,793,332	$2,786,200
2020	$10,072,882	$8,803,930	$40,881,654	$1,268,952
2018	$7,866,833	$7,718,836	$35,600,731	$147,997

FREEDOM ALLIANCE