FREEMANS MINISTRIES

EIN: 621317538 501(c)(3) Religion

HENDERSONVILLE, TN

Total Revenue
$188,810
Total Expenses
$113,333
Total Assets
$235,012
Net Assets
$235,012
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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
2003
Legal Domicile
TN
Principal Officer
CHRISTINE FREEMAN
Tax Period
2021-01-01 to 2021-12-31

FREEMANS MINISTRIES, founded in 2003, is a small nonprofit in the Religion sector that reported $189K in total revenue in fiscal year 2021. Revenue surged 193% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 40% operating margin.

Mission

PROMOTE THE GOSPEL OF JESUS

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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 (2021)

Revenue Breakdown

Contributions & Grants $188,810
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $188,810

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,325
Fundraising Expenses $0
Program Expenses $102,594
Other Expenses $81,008
TOTAL EXPENSES $113,333

Year-over-Year Comparison

2021 2020 Change
Revenue $188,810 $64,400 +1.9%
Expenses $113,333 $69,706 +0.6%
Net Income $75,477 $-5,306 -15.2%
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
2
Independent Members
2
Employees
N/A
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
2
$30,000
Total Directors
2
$30,000
Key Employees
2
$30,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE FREEMAN VICE PRESIDENT 40.00
Officer Director Key Emp
$15,000 $0 $15,000
HARRISON FREEMAN PRESIDENT 40.00
Officer Director Key Emp
$15,000 $0 $15,000
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
2021 $188,810 $113,333 $235,012 $75,477
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