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 FREE STATE 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 THE 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.
COMMUNICATIONS LAW AND REFORM PROJECT: THE GOAL OF THIS PROJECT, THE FOUNDATION'S LARGEST, IS TO REFORM COMMUNICATIONS AND INTERNET LAW AND POLICY TO CONFORM TO THE DYNAMIC TECHNOLOGICAL AND...
COMMUNICATIONS LAW AND REFORM PROJECT: THE GOAL OF THIS PROJECT, THE FOUNDATION'S LARGEST, IS TO REFORM COMMUNICATIONS AND INTERNET LAW AND POLICY TO CONFORM TO THE DYNAMIC TECHNOLOGICAL AND COMPETITIVE MARKETPLACE REALITIES OF THE DIGITAL AGE. DURING 2024, THE FOUNDATION PUBLISHED FORTY-SIX ARTICLES AND SCHOLARLY STUDIES AS PART OF ITS "PERSPECTIVES FROM FSF SCHOLARS" SERIES. IT PUBLISHED 140 SEPARATE BLOGS. FOUNDATION SCHOLARS WERE PUBLISHED AND QUOTED OFTEN IN MAJOR NATIONAL PUBLICATIONS AND TWO OR THREE TIMES WEEKLY IN LEADING TRADE PRESS PUBLICATIONS. FSF ALSO FILED COMMENTS IN AGENCY RULEMAKING AND POLICY PROCEEDINGS, PARTICULARLY ON DATA CAPS ON DATA BROADBAND PLANS, THE SECTION 706 INQUIRY, THE STATE OF COMPETITION IN THE COMMUNICATIONS MARKETPLACE, AND THE PREVENTION AND ELIMINATION OF DIGITAL DISCRIMINATION. FSF'S SIXTEENTH ANNUAL TELECOM POLICY CONFERENCE, HELD ON MARCH 12, 2024, ATTRACTED OVER ONE HUNDRED ATTENDEES AND A DIVERSE GROUP OF DISTINGUISHED SPEAKERS FROM ACADEMIA, SENIOR GOVERNMENT OFFICIALS, PUBLIC INTEREST ORGANIZATIONS, AND INDUSTRY. DURING CY 2024, FSF SPONSORED MORE THAN FIFTEEN VIDEOS ON TELECOMMUNICATIONS TOPICS. ALL FREE STATE FOUNDATION EVENTS WERE OPEN TO THE PUBLIC, WIDELY COVERED IN THE PRESS, AND VIDEOS AND TRANSCRIPTS OF THE PROCEEDINGS WERE PUBLISHED AND MADE AVAILABLE TO THE PUBLIC.
MARYLAND GOVERNMENT LAW AND REFORM PROJECT: THE GOAL OF THIS PROJECT IS TO CONDUCT RESEARCH AND EDUCATIONAL ACTIVITIES THAT PROMOTE POLICIES FOR MARYLAND THAT ARE CONSISTENT WITH FISCAL DISCIPLINE...
MARYLAND GOVERNMENT LAW AND REFORM PROJECT: THE GOAL OF THIS PROJECT IS TO CONDUCT RESEARCH AND EDUCATIONAL ACTIVITIES THAT PROMOTE POLICIES FOR MARYLAND THAT ARE CONSISTENT WITH FISCAL DISCIPLINE AND WITH A FREE MARKET, LESS REGULATORY DIRECTION. DURING 2024, FSF PUBLISHED ARTICLES AND COMMENTARIES RELATING TO IMPROVING MARYLAND'S FISCAL, ECONOMIC, AND REGULATORY POLICIES, INCLUDING ITS TECHNOLOGY POLICIES, AND ALSO TO REFORMING ITS BUDGET PROCESSES. FREE STATE FOUNDATION SCHOLARS MAINTAIN A BLOG TO INCLUDE COMMENTS ON MARYLAND FISCAL, ECONOMIC, AND REGULATORY ISSUES. DURING 2024, SEVERAL SUBSTANTIVE BLOGS WERE PUBLISHED ON THESE MARYLAND POLICY ISSUES.
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 |
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