FREEDOM HOUSE MINISTRIES INC (EIN 542186806) - 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

2005

Legal Domicile

Principal Officer

JAMES P COTTRELL

Phone

5033479966

Tax Period

2024-01-01 to 2024-12-31

FREEDOM HOUSE MINISTRIES INC, founded in 2005, is a small nonprofit in the Mental Health sector that reported $329K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $803K represent 29 months of operating reserves.

Mission

THE PRIMARY EXEMPT PURPOSE OF THIS ORGANIZATION IS TO PROVIDE A FAITH-BASED RESIDENTIAL RECOVERY PROGRAM BY PROVIDING SPIRITUAL, RECREATIONAL, OCCUPATIONAL AND OTHER ACTIVITIES; SUCH PERSON LEARNING BASIC LIVING SKILLS AND HAVING A PERSONAL RELATIONASHIP WITH JESUS CHRIST.

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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 $327,354

Program Service Revenue $1,766

Investment Income $1

Other Revenue $0

TOTAL REVENUE $329,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $174,259

Fundraising Expenses $16,810

Program Expenses $269,663

Other Expenses $162,526

TOTAL EXPENSES $336,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$329,121	$363,641	-0.1%
Expenses	$336,785	$333,107	+0.0%
Net Income	$-7,664	$30,534	-1.3%

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

$126,135

Total Directors

$126,135

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES P COTTRELL	PRES/EXEC DIR	50.00	Officer Director	$31,709	$47,206	$78,915
LYNN M RANDALL	DIR & TREASURER	50.00	Officer Director	$47,220	$0	$47,220
CHARLES MEEKER	DIR, VICE PRES.	1.00	Officer Director	$0	$0	$0
GRACE M CORRIGAN	DIR, SECTY	1.00	Officer Director	$0	$0	$0
RANDALL S PRAZEAU	DIR, ASST TREAS	1.00	Officer 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
2024	$329,121	$336,785	$802,873	$-7,664
2023	$363,641	$333,107	$810,537	$30,534
2022	$453,708	$377,476	$780,003	$76,232
2021	$512,252	$353,188	$794,167	$159,064
2020	$526,033	$363,587	$912,396	$162,446

FREEDOM HOUSE MINISTRIES INC