Free Enterprise Institute

EIN: 741887755 501(c)(3) Youth Development

Houston, TX

Total Revenue
$216,447
Total Expenses
$249,948
Total Assets
$390,025
Net Assets
$390,025
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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
1976
Legal Domicile
TX
Principal Officer
Winston Elliott
Phone
7139841343
Tax Period
2024-01-01 to 2024-12-31

Free Enterprise Institute, founded in 1976, is a small nonprofit in the Youth Development sector that reported $216K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $250K exceeded revenue, resulting in a 15% operating deficit.

Mission

Educational seminars & programs

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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 (2024)

Revenue Breakdown

Contributions & Grants $210,215
Program Service Revenue $0
Investment Income $6,232
Other Revenue $0
TOTAL REVENUE $216,447

Expense Breakdown

Grants Paid $0
Salaries & Benefits $167,693
Fundraising Expenses $500
Program Expenses $225,945
Other Expenses $82,255
TOTAL EXPENSES $249,948

Year-over-Year Comparison

2024 2023 Change
Revenue $216,447 $170,115 +0.3%
Expenses $249,948 $296,710 -0.2%
Net Income $-33,501 $-126,595 -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

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Governance

Voting Members
4
Independent Members
3
Employees
2
Volunteers
20

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
1
$69,500
Total Directors
4
$69,500
Key Employees
1
$69,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
W Winston Elliott III President 40.00
Officer Director Key Emp Highest
$69,500 $0 $69,500
Bradley Birzer Trustee 1.00
Director
$0 $0 $0
Ted Cruz Trustee 1.00
Director
$0 $0 $0
Gleaves Whitney 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 $216,447 $249,948 $390,025 $-33,501
2023 $170,115 $296,710 $423,526 $-126,595
2022 $217,134 $374,960 $550,121 $-157,826
2021 $285,157 $414,072 $707,947 $-128,915
2020 $337,722 $486,539 $781,596 $-148,817
2019 $496,419 $563,289 $875,209 $-66,870
2018 $541,565 $508,920 $942,079 $32,645
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