Livewell Health And Welfare Plan co Freedom Care LLC (EIN 616589977) - 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

2017

Legal Domicile

Principal Officer

Brett Labrie

Phone

7182606250

Tax Period

2023-10-01 to 2024-09-30

Livewell Health And Welfare Plan co Freedom Care LLC, founded in 2017, is a mid-sized nonprofit in the Mutual Benefit sector that reported $55.2M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $11.0M, a strong 20% operating margin.

Mission

To Fund Benefit Expenses

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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 $0

Program Service Revenue $55,193,974

Investment Income $0

Other Revenue $0

TOTAL REVENUE $55,193,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,921,300

TOTAL EXPENSES $44,235,473

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,193,974	$62,664,927	-0.1%
Expenses	$44,235,473	$19,128,840	+1.3%
Net Income	$10,958,501	$43,536,087	-0.7%

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

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

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
Yoel Gabay	Trustee	6.00	Director	$0	$0	$0
Yehoshua Krupnick	Trustee	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	$55,193,974	$44,235,473	$37,895,293	$10,958,501
2023	$62,664,927	$19,128,840	$70,148,424	$43,536,087
2022	$43,692,251	$44,479,996	$22,422,010	$-787,745
2021	$28,165,084	$34,688,351	$25,459,209	$-6,523,267
2020	$26,173,007	$23,804,069	$29,562,504	$2,368,938

Livewell Health And Welfare Plan co Freedom Care LLC