Freedom School Partners Inc (EIN 562169158) - 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

1999

Legal Domicile

Principal Officer

Kate Flynn

Phone

7043714922

Tax Period

2024-01-01 to 2024-12-31

Freedom School Partners Inc, founded in 1999, is a community nonprofit in the Youth Development sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 45% operating deficit.

Mission

To inspire scholars to love reading and learning, believe in themselves, and create extraordinary futures.

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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 $1,823,113

Program Service Revenue $5,240

Investment Income $37,924

Other Revenue $-19,712

TOTAL REVENUE $1,846,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,492,003

Fundraising Expenses $381,796

Program Expenses $2,020,046

Other Expenses $1,181,615

TOTAL EXPENSES $2,673,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,846,565	$2,760,712	-0.3%
Expenses	$2,673,618	$2,465,295	+0.1%
Net Income	$-827,053	$295,417	-3.8%

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

127

Volunteers

1635

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

$114,176

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nikcole Keith	CEO	40.00	Officer	$112,746	$1,430	$114,176
Sally Sacco	Chief Administration Officer	40.00		$106,590	$1,150	$107,740
Gigi Harris	Director	1.00	Director	$0	$0	$0
Raquishela Stewart	Director	1.00	Director	$0	$0	$0
Covell Adams	Director	1.00	Director	$0	$0	$0
Mary-Margaret Kantor	Director	1.00	Director	$0	$0	$0
Jim Williams	Director	1.00	Director	$0	$0	$0
Kate Flynn	Chairman	1.00	Officer Director	$0	$0	$0
Burnet Tucker	Secretary	1.00	Officer Director	$0	$0	$0
Mary Hall	Director	1.00	Director	$0	$0	$0
Janaka Lewis	Vice Chair	1.00	Officer Director	$0	$0	$0
David Lamothe	Director	1.00	Director	$0	$0	$0
Ann Cho-Taggert	Director	1.00	Director	$0	$0	$0
Hendrick Ellis	Director	1.00	Director	$0	$0	$0
Kim Perry	Director	1.00	Director	$0	$0	$0
John Lipe	Director	1.00	Director	$0	$0	$0
Katie Morgan	Director	1.00	Director	$0	$0	$0
Anil Matai	Director	1.00	Director	$0	$0	$0
Tara Agnew-Harris	Chair, Develo.	1.00	Director	$0	$0	$0
Michelle Harley	Director	1.00	Director	$0	$0	$0
Brandon Zeigler	Director	1.00	Director	$0	$0	$0
John Stevenson	Finance Chair	1.00	Officer Director	$0	$0	$0
William Maxwell	Director	1.00	Director	$0	$0	$0
Kim Moore-Wright	Director	1.00	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
2024	$1,846,565	$2,673,618	$1,815,204	$-827,053
2023	$2,760,712	$2,465,295	$2,539,186	$295,417
2022	$2,850,268	$2,192,863	$2,196,915	$657,405
2021	$2,060,440	$2,120,061	$1,495,345	$-59,621
2020	$2,309,506	$1,553,996	$1,515,127	$755,510
2019	$2,926,801	$2,982,419	$807,879	$-55,618
2018	$2,599,641	$2,534,836	$836,742	$64,805

Freedom School Partners Inc