FREEDOM RIDE INC

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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

1998

Legal Domicile

Principal Officer

BRADLEY DAVIS

Phone

4072930411

Tax Period

2023-01-01 to 2023-12-31

FREEDOM RIDE INC, founded in 1998, is a small nonprofit in the Human Services sector that reported $679K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $596K left a modest 12% surplus.

Mission

TO ENRICH THE LIVES AND EXPERIENCES OF CHILDREN AND ADULTS WITH DISABILITIES IN THE CENTRAL FLORIDA AREA THROUGH THERAPEUTIC HORESBACK RIDING AND RELATED ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $525,485 Revenue: $164,395

DURING 2023, FREEDOM RIDE'S THERAPEUTIC HORSEBACK RIDING PROGRAM HAD 188 INDIVIDUALS WITH DISABILITIES PARTICIPATING, PROVIDING 8,497 HOURS OF PROGRAM SERVICES; 138 VOLUNTEERS WERE TRAINED AND...

DURING 2023, FREEDOM RIDE'S THERAPEUTIC HORSEBACK RIDING PROGRAM HAD 188 INDIVIDUALS WITH DISABILITIES PARTICIPATING, PROVIDING 8,497 HOURS OF PROGRAM SERVICES; 138 VOLUNTEERS WERE TRAINED AND ASSISTED IN BARN CARE, FACILITY MAINTENANCE, AND THE THERAPEUTIC PROGRAM, PROVIDING 4,833 HOURS OF VOLUNTEER SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $436,957

Program Service Revenue $136,135

Investment Income $3,330

Other Revenue $102,623

TOTAL REVENUE $679,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $273,882

Fundraising Expenses $3,081

Program Expenses $525,485

Other Expenses $322,389

TOTAL EXPENSES $596,271

Year-over-Year Comparison

	2023	2022	Change
Revenue	$679,045	$920,494	-0.3%
Expenses	$596,271	$559,702	+0.1%
Net Income	$82,774	$360,792	-0.8%

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

Volunteers

138

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

$83,814

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YVONNE LOGGINS-COLEMAN	DIRECTOR	0.30	Director	$0	$0	$0
AMY DALY	SECRETARY	0.50	Officer Director	$0	$0	$0
BRADLEY DAVIS	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHRIS NEMETHY	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
JAN COUDRIET	DIRECTOR	0.30	Director	$0	$0	$0
CAITLIN LEWIS	DIRECTOR	0.30	Director	$0	$0	$0
JEFFREY FLETCHER	DIRECTOR	0.30	Director	$0	$0	$0
BRIAN PANZELLA	TREASURER	0.50	Officer Director	$0	$0	$0
WILLIAMS AMBROSE	DIRECTOR	0.30	Director	$0	$0	$0
JILL DYKSTRA-NYKANEN	DIRECTOR	0.30	Director	$0	$0	$0
DIANA COX	DIRECTOR	0.30	Director	$0	$0	$0
CLAUDIA KAHN	DIRECTOR	0.30	Director	$0	$0	$0
MARIANNE GRAY	EXECUTIVE DIRECTOR	40.00	Officer	$33,814	$0	$33,814
VERONICA WHETRO	EXECUTIVE DIRECTOR	40.00	Officer	$50,000	$0	$50,000

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	No data	No data	No data	No data
2023	$679,045	$596,271	$3,084,802	$82,774
2022	$920,494	$559,702	$3,080,461	$360,792
2021	$696,727	$543,523	$2,775,082	$153,204
2020	$1,195,368	$427,746	$1,254,454	$767,622
2019	$659,395	$408,709	$492,980	$250,686
2018	$405,364	$359,749	$243,034	$45,615