FREED PERFORMING ARTS INC (EIN 811235158) - 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

2016

Legal Domicile

Phone

2398500743

Tax Period

2025-01-01 to 2025-12-31

FREED PERFORMING ARTS INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $251K in total revenue in fiscal year 2025. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $214K left a modest 15% surplus.

Mission

Two full productions shows were performed this year on stage at Tomoka Christian Church. Our goal is to provide free performances to teach the gospel on stage for an audience to receive the Word of God and for our students to be taught in a Christian wholesome environment.

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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 (2025)

Revenue Breakdown

Contributions & Grants $69,926

Program Service Revenue $181,315

Investment Income $0

Other Revenue $5

TOTAL REVENUE $251,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,970

Fundraising Expenses $1,170

Program Expenses $214,037

Other Expenses $165,067

TOTAL EXPENSES $214,037

Year-over-Year Comparison

	2025	2024	Change
Revenue	$251,246	$188,672	+0.3%
Expenses	$214,037	$183,592	+0.2%
Net Income	$37,209	$5,080	+6.3%

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

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

$45,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Natalie McCall	Vice President	10.00	Director	$0	$0	$0
Kim Freeman	Secretary	1.00	Director	$0	$0	$0
Cindy Lescarbeau	President	40.00	Key Emp	$45,500	$0	$45,500
Emily Kristine Light	Assistant Secretary	1.00	Director	$0	$0	$0
John Freed	Board Member	1.00	Director	$0	$0	$0
Deborah Freed	Board Member	1.00	Director	$0	$0	$0
Dr Alex White	Board Member	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
2025	$251,246	$214,037	$139,323	$37,209
2024	$188,672	$183,592	$99,871	$5,080
2023	$211,849	$157,010	$96,667	$54,839

FREED PERFORMING ARTS INC