TORCH OF FREEDOM FOUNDATION (EIN 742967066) - 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

2000

Legal Domicile

Principal Officer

RICK GREEN

Phone

5125153744

Tax Period

2024-01-01 to 2024-12-31

TORCH OF FREEDOM FOUNDATION, founded in 2000, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $5.3M left a modest 15% surplus.

Mission

PROTECT AND PRESERVE LIBERTY

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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 $4,162,484

Program Service Revenue $811,386

Investment Income $-9,884

Other Revenue $1,278,474

TOTAL REVENUE $6,242,460

Expense Breakdown

Grants Paid $5,005

Salaries & Benefits $1,144,876

Fundraising Expenses $171,731

Program Expenses $4,002,045

Other Expenses $4,161,404

TOTAL EXPENSES $5,311,285

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,242,460	$4,669,638	+0.3%
Expenses	$5,311,285	$4,056,014	+0.3%
Net Income	$931,175	$613,624	+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

Employees

Volunteers

375

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

$365,500

Total Directors

$365,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK GREEN	President	40.00	Officer Director	$156,292	$0	$156,292
KARA GREEN	Vice President	40.00	Officer Director	$126,104	$0	$126,104
ASHLEY ALEXANDER	DIR. OF DEVELOPMEN	40.00		$120,000	$0	$120,000
TREY GREEN	Executive Dir.	40.00	Officer Director	$83,104	$0	$83,104
NATHAN MACIAS	FORMER EXECUTIVE DIRECTOR	40.00		$39,333	$0	$39,333
TRACEY DEAN	Director	1.00	Director	$0	$0	$0
DEIDRA VOIGT	Secretary	1.00	Officer Director	$0	$0	$0
MARK COLE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAUL TSIKA	Director	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	$6,242,460	$5,311,285	$8,144,126	$931,175
2023	$4,669,638	$4,056,014	$5,935,931	$613,624
2022	$3,748,023	$2,840,276	$5,154,250	$907,747
2021	$2,567,952	$2,281,008	$1,195,464	$286,944
2020	$1,233,499	$1,079,800	$616,371	$153,699
2019	$790,550	$856,573	$250,936	$-66,023
2018	$537,627	$483,249	$296,730	$54,378

TORCH OF FREEDOM FOUNDATION