Foundation for Rational Economics and Education Inc (EIN 742066841) - 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

1976

Legal Domicile

Principal Officer

RONALD W PAUL

Phone

9792653034

Tax Period

2024-01-01 to 2024-12-31

Foundation for Rational Economics and Education Inc, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $735K in total revenue in fiscal year 2024. Expenses of $853K exceeded revenue, resulting in a 16% operating deficit.

Mission

The Foundation for Rational Economics & Education, Inc. (F.R.E.E.) is a non-partisan organization dedicated to public education on the principles of free-market economics, sound money & limited government.

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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 $693,946

Program Service Revenue $18,730

Investment Income $9,869

Other Revenue $12,286

TOTAL REVENUE $734,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $514,837

Fundraising Expenses $59,181

Program Expenses $482,725

Other Expenses $338,656

TOTAL EXPENSES $853,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$734,831	$769,045	0.0%
Expenses	$853,493	$847,329	+0.0%
Net Income	$-118,662	$-78,284	+0.5%

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

N/A

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
CAROL PAUL	PRESIDENT & SEC	3.00	Officer Director	$0	$0	$0
DANIEL MCADAMS	SPECIAL PROJECTS DIRECTOR	50.00	Highest	$146,000	$0	$146,000
RONALD W PAUL	VP/TREASURER	1.00	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	$734,831	$853,493	$920,893	$-118,662
2023	$769,045	$847,329	$1,039,555	$-78,284
2022	$643,067	$808,630	$1,117,838	$-165,563
2021	$784,546	$678,269	$1,283,401	$106,277
2020	$1,037,366	$574,077	$1,177,124	$463,289
2019	$558,384	$508,278	$713,835	$50,106

Foundation for Rational Economics and Education Inc