FREEDOM RAIN INC

EIN: 721344856 501(c)(3) Human Services

BIRMINGHAM, AL

Total Revenue
$10,978,639
Total Expenses
$10,537,486
Total Assets
$3,824,029
Net Assets
$1,526,019
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
AL
Principal Officer
JOHN MCNEIL
Phone
2058337410
Tax Period
2023-01-01 to 2023-12-31

FREEDOM RAIN INC, founded in 1997, is a community nonprofit in the Human Services sector that reported $7.2M in total revenue in fiscal year 2018. Expenses of $8.5M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE LOVELADY CENTER IS A NON-DENOMINATIONAL FAITH-BASED ORGANIZATION WHOSE PURPOSE IS TO HELP WOMEN BUILD A STRONG AND POSITIVE FOUNDATION IN CHRIST. THE GOAL OF THE CENTER IS TO HELP WOMEN OVERCOME ADDICTION AND TRAGEDY AND RETURN TO THE COMMUNITY AS ESTEEMED WOMEN OF GOD.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,874,242
Program Service Revenue $1,276,988
Investment Income $670
Other Revenue $5,826,739
TOTAL REVENUE $10,978,639

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,199,641
Fundraising Expenses $70,169
Program Expenses $9,460,501
Other Expenses $6,337,845
TOTAL EXPENSES $10,537,486

Year-over-Year Comparison

2023 2022 Change
Revenue $10,978,639 $11,105,556 0.0%
Expenses $10,537,486 $9,494,317 +0.1%
Net Income $441,153 $1,611,239 -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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Governance

Voting Members
11
Independent Members
8
Employees
232
Volunteers
2200

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
3
$210,387
Total Directors
11
$251,847
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MCNEIL BOARD CHAIRMAN/COO 40.00
Officer Director
$0 $0 $0
BRENDA SPAHN FOUNDER/BOARD MEMBER 40.00
Officer Director
$120,088 $0 $120,088
MELINDA MEGAHEE EXECUTIVE DIRECTOR 60.00
Officer Director
$90,299 $0 $90,299
LUCY ANDERSON BOARD SECRETARY 40.00
Director
$41,460 $0 $41,460
REV DR WILLIAM WILSON BOARD MEMBER 18.00
Director
$0 $0 $0
ALLISON O'SULLIVAN BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW GREGORY BOARD MEMBER 1.00
Director
$0 $0 $0
MARK GRADKOWSKI BOARD MEMBER 1.00
Director
$0 $0 $0
DON ANKENBRANDT BOARD MEMBER 1.00
Director
$0 $0 $0
ROSIE MULLEN BOARD MEMBER 1.00
Director
$0 $0 $0
VANESSA PETTWAY BOARD MEMBER 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 No data No data No data No data
2023 $10,978,639 $10,537,486 $3,824,029 $441,153
2022 $11,105,556 $9,494,317 $2,394,899 $1,611,239
2021 $8,388,398 $8,073,262 $1,488,299 $315,136
2020 $8,263,908 $7,161,419 $4,022,289 $1,102,489
2019 $6,437,707 $7,448,304 $5,411,331 $-1,010,597
2018 $7,246,341 $8,518,755 $5,244,580 $-1,272,414
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