FREEMAN EDUCATIONAL FOUNDATION #2113 (EIN 746149527) - 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

1973

Legal Domicile

Principal Officer

DEBBIE BROEMSEN

Phone

2102204438

Tax Period

2023-11-01 to 2024-10-31

FREEMAN EDUCATIONAL FOUNDATION #2113, founded in 1973, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.1M in total revenue in fiscal year 2023. The organization ran a surplus of $765K, a strong 36% operating margin.

Mission

THE PRIMARY PURPOSE OF THE FREEMAN EDUCATIONAL FOUNDATION IS TO PROVIDE SUPPORT TO BENEFICIARY ORGANIZATIONS.

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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 $0

Program Service Revenue $0

Investment Income $2,109,567

Other Revenue $0

TOTAL REVENUE $2,109,567

Expense Breakdown

Grants Paid $969,080

Salaries & Benefits $217,031

Fundraising Expenses $0

Program Expenses $1,203,136

Other Expenses $158,374

TOTAL EXPENSES $1,344,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,109,567	$2,114,677	0.0%
Expenses	$1,344,485	$1,236,657	+0.1%
Net Income	$765,082	$878,020	-0.1%

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

N/A

Employees

N/A

Volunteers

N/A

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
FROST BANK TRUSTEE	DEBBIE BROEMSEN, ADMINISTRATOR	40.0		$217,031	$0	$217,031

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
2025	No data	No data	No data	No data
2024	$2,109,567	$1,344,485	$36,421,297	$765,082
2023	$2,114,677	$1,236,657	$35,850,106	$878,020
2022	$2,698,949	$1,304,472	$27,739,289	$1,394,477
2021	$691,470	$1,034,410	$26,344,812	$-342,940
2020	$9,315,862	$1,301,554	$26,687,752	$8,014,308
2019	$856,849	$919,750	$18,673,440	$-62,901
2018	$2,129,241	$906,957	$18,736,339	$1,222,284

FREEMAN EDUCATIONAL FOUNDATION #2113