FREED Center for Independent Living Inc (EIN 680085639) - 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

1985

Legal Domicile

Principal Officer

Carly Pacheco

Phone

5304773333

Tax Period

2024-07-01 to 2025-06-30

FREED Center for Independent Living Inc, founded in 1985, is a community nonprofit in the Human Services sector that reported $3.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.5M left a modest 3% surplus.

Mission

To promote independence and self-determination for people with disabilities through person-driven services, collaborative community partnerships and education, and leadership that advocates for fully inclusive communities.

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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 $3,624,233

Program Service Revenue $0

Investment Income $785

Other Revenue $0

TOTAL REVENUE $3,625,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,002,292

Fundraising Expenses $15,005

Program Expenses $3,206,329

Other Expenses $1,496,360

TOTAL EXPENSES $3,498,652

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,625,018	$3,331,955	+0.1%
Expenses	$3,498,652	$3,395,478	+0.0%
Net Income	$126,366	$-63,523	-3.0%

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
Mark Fenicle	Chairman	1.00	Officer Director	$0	$0	$0
Kristin Ansell	Vice Chair	1.00	Director	$0	$0	$0
Erin Minett	Treasurer	1.00	Officer Director	$0	$0	$0
Margaret Fowler	Director	1.00	Director	$0	$0	$0
Shannon Dooley-Miller	Secretary	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
2025	$3,625,018	$3,498,652	$1,202,126	$126,366
2024	No data	No data	No data	No data
2023	$2,848,062	$2,826,606	$971,090	$21,456
2022	$2,367,955	$2,374,694	$741,698	$-6,739
2021	$2,643,537	$2,586,030	$838,628	$57,507
2020	$1,865,252	$1,833,314	$659,650	$31,938
2019	$1,470,737	$1,493,559	$573,044	$-22,822

FREED Center for Independent Living Inc