TOTALLY FREE INC (EIN 582647162) - 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

2001

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

TOTALLY FREE INC, founded in 2001, is a small nonprofit in the Human Services sector that reported $243K in total revenue in fiscal year 2022. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 18% operating margin.

Mission

HOMEBUYER EDUCATION AND COUNSELING DETAILING THE HOME OWNERSHIP PROCESS AND PROVIDING KNOWLEDGE OF GOVERNMENT PROGRAMS, HOME EQUITY CONVERSION MORTGAGES, REVERSE MORTGAGE COUNSELING,SPECIAL ASSISTANCE AND LOSS MITIGATION DUE TO FORECLOSURE

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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 (2022)

Revenue Breakdown

Contributions & Grants $167,809

Program Service Revenue $75,475

Investment Income $0

Other Revenue $0

TOTAL REVENUE $243,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,699

Fundraising Expenses $0

Program Expenses $200,545

Other Expenses $168,846

TOTAL EXPENSES $200,545

Year-over-Year Comparison

	2022	2021	Change
Revenue	$243,284	$199,999	+0.2%
Expenses	$200,545	$231,400	-0.1%
Net Income	$42,739	$-31,401	-2.4%

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
NED CAPITAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY A CROSS	BOARD MEMBER	25.00	Director	$0	$0	$0
BRAD BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
MILLICENT HARWELL CROSS	DIRECTOR	40.00	Officer	$0	$0	$0
DOROTHY LEE MELTON	SECRETARYTREASURER	2.00	Officer	$0	$0	$0
ABRA REED	PRESIDENT	1.00	Officer	$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
2022	$243,284	$200,545	$17,472	$42,739

TOTALLY FREE INC