LIVING FREE INC

EIN: 581881966 501(c)(3) Mental Health

CHATTANOOGA, TN

Total Revenue
$377,574
Total Expenses
$425,763
Total Assets
$313,262
Net Assets
$271,363
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
TN
Principal Officer
GREG KEYLON
Phone
4238994770
Tax Period
2024-07-01 to 2025-06-30

LIVING FREE INC, founded in 1990, is a small nonprofit in the Mental Health sector that reported $378K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $426K exceeded revenue, resulting in a 13% operating deficit.

Mission

HELP PEOPLE W/ LIFE-CONTROLLING PROBLEMS. LIVING FREE IS A SMALL GROUP STRATEGY THAT HAS HELPED OVER 1,000,000 PEOPLE LEARN TO FACE LIFE'S STRUGGLES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $201,730
Program Service Revenue $0
Investment Income $2,598
Other Revenue $173,246
TOTAL REVENUE $377,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $260,537
Fundraising Expenses $61,282
Program Expenses $302,394
Other Expenses $165,226
TOTAL EXPENSES $425,763

Year-over-Year Comparison

2024 2023 Change
Revenue $377,574 $467,467 -0.2%
Expenses $425,763 $449,309 -0.1%
Net Income $-48,189 $18,158 -3.7%
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

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Governance

Voting Members
10
Independent Members
9
Employees
5
Volunteers
1250

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
4
$85,304
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK SMART CHAIRPERSON 0.00
Officer Director
$0 $0 $0
KEVIN TYLER DIRECTOR 0.00
Director
$0 $0 $0
ROGER HELLE VICE CHAIRPERSON 0.00
Officer Director
$0 $0 $0
DARIK DAWES DIRECTOR 0.00
Director
$0 $0 $0
TUNYA ADAMS SECRETARY/TREASURER 0.00
Officer Director
$0 $0 $0
CLAYTON ARP DIRECTOR 0.00
Director
$0 $0 $0
STEVE DUGGINS DIRECTOR 0.00
Director
$0 $0 $0
MARK CARPENTER DIRECTOR 0.00
Director
$0 $0 $0
JIMMY LEE DIRECTOR 0.00
Director
$0 $0 $0
GREGORY KEYLON PRESIDENT 50.00
Officer
$50,300 $35,004 $85,304
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 $377,574 $425,763 $313,262 $-48,189
2024 $467,467 $449,309 $370,043 $18,158
2023 $496,534 $576,921 $357,306 $-80,387
2022 $567,986 $638,092 $450,095 $-70,106
2021 $511,180 $479,766 $531,352 $31,414
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