TEXAS FREEDOM NETWORK (EIN 742736849) - 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

1995

Legal Domicile

Principal Officer

KELSEY HITCHINGHAM

Phone

5123220545

Tax Period

2023-01-01 to 2023-12-31

TEXAS FREEDOM NETWORK, founded in 1995, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring.

Mission

GRASSROOTS ADVOCACY, CIVIC ENGAGEMENT, STATE AND LOCAL LOBBYING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,219,372

Program Service Revenue $0

Investment Income $33,133

Other Revenue $-43,892

TOTAL REVENUE $1,208,613

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $787,169

Fundraising Expenses $178,008

Program Expenses $844,010

Other Expenses $441,755

TOTAL EXPENSES $1,243,924

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,208,613	$2,547,368	-0.5%
Expenses	$1,243,924	$2,167,073	-0.4%
Net Income	$-35,311	$380,295	-1.1%

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

135

Volunteers

500

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

$279,508

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES ALDRETE	DIRECTOR	2.00	Director	$0	$0	$0
NEIL BLUMOFE	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE CHIARELLO	DIRECTOR	2.00	Director	$0	$0	$0
JONI COHAN	DIRECTOR	2.00	Director	$0	$0	$0
EMMA BROCKWAY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
OLAC FUENTES	DIRECTOR	2.00	Director	$0	$0	$0
NEAL KATZ	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE LEFAVE	DIRECTOR	2.00	Director	$0	$0	$0
KATRINA MENDIOLA	CHAIR	2.00	Officer Director	$0	$0	$0
ANNIE LINEBARGER	DIRECTOR	2.00	Director	$0	$0	$0
COLLEEN LOPER	DIRECTOR	2.00	Director	$0	$0	$0
CECILE RICHARDS	TFN FOUNDER	2.00	Director	$0	$0	$0
ODUS EVBAGHARU	SECRETARY	2.00	Officer Director	$0	$0	$0
VALERIE BENAVIDEZ	PRESIDENT & EXECUTIVE DIRECTOR	20.00	Officer	$178,105	$21,226	$199,331
KELSEY HITCHINGHAM	VP FINANCE AND OPERATIONS	20.00	Officer	$80,177	$0	$80,177
MARTI BIER	VP PROGRAMS	20.00	Highest	$114,850	$9,029	$123,879
RACHEL GLAST	SENIOR DEVELOPMENT DIRECTOR	20.00	Highest	$117,186	$31,193	$148,379
MARK CORCORAN	SENIOR TECH & DIGITAL DIRECTOR	20.00	Highest	$103,268	$21,011	$124,279

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	$1,208,613	$1,243,924	$2,142,625	$-35,311
2022	$2,547,368	$2,167,073	$2,170,369	$380,295
2021	$1,269,508	$1,079,794	$1,784,268	$189,714
2020	$2,014,567	$1,958,125	$1,644,695	$56,442
2019	$1,050,606	$581,258	$1,552,230	$469,348
2018	$890,134	$613,647	$1,051,860	$276,487

TEXAS FREEDOM NETWORK