POTOMAC, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE FREE STATE FOUNDATION INC, founded in 2005, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 21% operating deficit.
THE FOUNDATION'S PRIMARY PURPOSE IS TO PROMOTE, THROUGH RESEARCH AND EDUCATIONAL ACTIVITIES,UNDERSTANDING OF FREE MARKET, LIMITED GOVERNMENT, AND RULE OF LAW PRINCIPLES AT THE FEDERAL LEVEL AND IN MARYLAND. THE FOUNDATION FOCUSES ON EDUCATING POLICYMAKERS, OPINION LEADERS, THE PRESS, AND GENERAL PUBLIC CONCERNING THE NEED TO ELIMINATE UNNECESSARY AND COUNTERPRODUCTIVE REGULATORY MANDATES, ESPECIALLY THOSE APPLICABLE TO THE COMMUNICATIONS AND OTHER HIGH-TECH INDUSTRIES, AND ON REDUCING OVERLY BURDENSOME TAXES, PROTECTING INDIVIDUAL RIGHTS, ECONOMIC LIBERTY, AND PROPERTY RIGHTS, AND MAKING GOVERNMENT MORE EFFECTIVE, EFFICIENT, AND ACCOUNTABLE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,068,198 | $1,341,715 | -0.2% |
| Expenses | $1,287,803 | $1,224,733 | +0.1% |
| Net Income | $-219,605 | $116,982 | -2.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RANDOLPH J MAY | PRESIDENT | 60.00 |
Officer
Director
|
$401,942 | $41,608 | $443,550 |
| LAURIE J MAY | SECRETARY/TREASURER | 24.00 |
Officer
Director
|
$128,868 | $13,503 | $142,371 |
| THOMAS TAUKE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM K KEANE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KENNETH HOWARD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW LONG | SENIOR FELLOW | 32.00 |
Highest
|
$160,808 | $20,280 | $181,088 |
| SETH COOPER | DIRECTOR OF POLICY STUDIES | 40.00 |
Highest
|
$230,060 | $30,006 | $260,066 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,068,198 | $1,287,803 | $3,694,815 | $-219,605 |
| 2023 | $1,341,715 | $1,224,733 | $3,720,992 | $116,982 |
| 2022 | $1,219,957 | $1,191,333 | $3,306,788 | $28,624 |
| 2021 | $748,131 | $1,106,782 | $3,667,723 | $-358,651 |
| 2020 | $1,077,142 | $999,612 | $3,704,291 | $77,530 |
Compare THE FREE STATE FOUNDATION INC with other nonprofits in Maryland and across the country.