FREEDOM FARM ANIMAL SANCTUARY INC (EIN 621772083) - 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

1999

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

FREEDOM FARM ANIMAL SANCTUARY INC, founded in 1999, is a micro nonprofit in the Animal-Related sector that reported $77K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12K, a strong 15% operating margin.

Mission

FFAS IS A 501(C)(3) NON PROFIT ORGANIZATION DEDICATED TO RESCUING ABUSED, ABANDONED AND NEGLECTED ANIMALS IN MIDDLE TENNESSEE. THE ANIMALS TAKEN IN BY FFAS ARE CHECKED BY A VETERINARIAN, VACCINATED, SPAYEDOR NUTERED AND THEN PLACED IN OUR ADOPTION PROGRAM AND HOUSED BY A

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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 (2024)

Revenue Breakdown

Contributions & Grants $76,565

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $76,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,301

Other Expenses $65,001

TOTAL EXPENSES $65,001

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,565	$110,687	-0.3%
Expenses	$65,001	$74,739	-0.1%
Net Income	$11,564	$35,948	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM PATTON	DOG COORDINATOR	5.00	Director	$0	$0	$0
PATRICE SANDERS	SECRETARY	5.00	Director	$0	$0	$0
TERESA TIPPETOE	OFFICER	0.00	Director	$0	$0	$0
CINDY MILLER	PRESIDENT	15.00	Officer Director	$0	$0	$0
CLAUDETTE SPINKS	TREASURER	15.00	Officer Director	$0	$0	$0
SCOTT KEMP	BOARD MEMBER	0.00	Officer 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	$76,565	$65,001	$208,692	$11,564
2023	$110,687	$74,739	$175,172	$35,948
2022	$75,041	$82,375	$66,710	$-7,334
2021	$78,264	$83,493	$74,044	$-5,229
2020	$78,560	$100,503	$79,273	$-21,943
2019	$88,378	$100,833	$101,216	$-12,455
2018	$93,671	$97,321	$113,671	$-3,650

FREEDOM FARM ANIMAL SANCTUARY INC