CELEBRATE FREEDOM FOUNDATION (EIN 571086445) - 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

JACK LOVELADY

Phone

8037084752

Tax Period

2024-01-01 to 2024-12-31

CELEBRATE FREEDOM FOUNDATION, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $511K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $479K left a modest 6% surplus.

Mission

TO DEVELOP AND PRODUCE THE NATION'S CELEBRATION OF FREEDOM TO HONOR THE VETERANS OF ALL WARS AND CONFLICTS, TO ENCOURAGE AND ASSIST IN THE EDUCATION OF ELEMENTARY, MIDDLE AND HIGH SCHOOL CHILDREN.

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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 $477,056

Program Service Revenue $17,894

Investment Income $15,576

Other Revenue $0

TOTAL REVENUE $510,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,174

Fundraising Expenses $625

Program Expenses $403,080

Other Expenses $285,854

TOTAL EXPENSES $479,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$510,526	$1,077,817	-0.5%
Expenses	$479,028	$298,926	+0.6%
Net Income	$31,498	$778,891	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL WERTS	CHAIRMAN & C	1.00	Officer Director	$0	$0	$0
JACK LOVELADY	PRESIDENT &	1.00	Officer Director	$0	$0	$0
DEAN CREPES	EXECUTIVE DI	1.00	Officer Director	$0	$0	$0
LORI WICKER	EXECUTIVE VP	1.00	Officer Director	$0	$0	$0
MARK BAKER	TREASURER	1.00	Officer Director	$0	$0	$0
MELISSA ROBBINS	SECRETARY	1.00	Officer Director	$0	$0	$0
DAN HENNIGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE RICH	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB STANFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID PRIGGE	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB CAUGHMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CARL HORN	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM MCCLAINE	BOARD MEMBER	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	$510,526	$479,028	$1,807,745	$31,498
2023	$1,077,817	$298,926	$1,752,263	$778,891
2022	$175,906	$217,404	$946,820	$-41,498
2021	$236,295	$220,592	$1,018,379	$15,703
2020	$186,816	$203,718	$1,008,715	$-16,902
2019	$387,299	$280,328	$981,540	$106,971
2018	$345,935	$427,135	$866,332	$-81,200

CELEBRATE FREEDOM FOUNDATION