Louisville, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FREEDOM LAKE INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $442K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $681K exceeded revenue, resulting in a 54% operating deficit.
Freedom Lake exists to help men be freed from old habits or destructive patterns of addiction and the revolving door of the prison system teaching them to become Jesus' disciples who multiply the Kingdom of God.
Freedom Lake Ministries is led through the ministry of Tony and Kim Cash in serving those incarcerated in a halfway house (a prison with 328 beds) in West Louisville. During 2024, the organization...
Freedom Lake Ministries is led through the ministry of Tony and Kim Cash in serving those incarcerated in a halfway house (a prison with 328 beds) in West Louisville. During 2024, the organization worked in the institution six days-per-week to minister to and disciple the incarcerated men. It had been previously confirmed that there was a great need for a safe and quiet place to allow those committed to spiritual growth to further develop and practice the spiritual habits being taught. As a result, a dedicated discipleship dorm inside the institution was launched. A 12-week discipleship training program is offered to those inside the facility that wish to participate in the program. Active leaders within that more general discipleship group are then accepted into this more intensive training. These men then become eligible to be invited into the dorm through a vote by other participants. During 2023, Freedom Lake acquired property to support program participants who wished to continue their journey after being released from incarceration. The organization launched a live-in refuge to house men for a period of twelve to twenty-four months where they continue to focus on their spiritual growth, have structure, work responsibilities and develop the necessary self-discipline that will be required to continue their spiritual walk and successfully re-enter society. During 2024,the organization conducted 469 Bible studies, served 118 fellowship meals, held 120 discipleship activities and provided 3,650 hours of mentorship to 542 Mentees. The organization facilitated 480 men taking their first step toward a personal relationship with Jesus Christ, baptizing 116 men, and witnessing hundreds of men find renewed hope and purpose in their lives.
God's Harvest Event is held annually as an opportunity for those men participating in the Freedom Lake programming to further develop their testimony, develop presentation skills and present to a...
God's Harvest Event is held annually as an opportunity for those men participating in the Freedom Lake programming to further develop their testimony, develop presentation skills and present to a larger audience. This creates additional self-confidence and skills that will support their development into a life on mission to be disciples who make disciples who make disciples in the communities in which they ultimately live and serve. Attendees are provided insights into the challenges faced by those in the prison system both during their time in the system as well as upon their re-entry into society including challenges that often lead to recidivism. Attendees are also provided with opportunities to become more involved including mentoring, prayer support, financial support, etc.
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 | $441,683 | $575,894 | -0.2% |
| Expenses | $681,284 | $614,824 | +0.1% |
| Net Income | $-239,601 | $-38,930 | +5.2% |
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 |
|---|---|---|---|---|---|---|
| Mr Anthony Cash | Board Chair and President | 60 |
Officer
Director
|
$80,100 | $0 | $80,100 |
| Ms Kim Cash | Chief Operating Officer | 60 |
Officer
|
$60,000 | $0 | $60,000 |
| Ms Diane Cornwell | Treasurer | 4 |
Officer
Director
|
$0 | $0 | $0 |
| Andrew Hanlein | Board Member | 0.25 |
Director
|
$0 | $0 | $0 |
| Scott Hill | Board Member | 0.25 |
Director
|
$0 | $0 | $0 |
| Bryan Glover | Board Member, VP and Secretary | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| Mr Chris Redman | Board Member | 0.1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $441,683 | $681,284 | $3,136,025 | $-239,601 |
| 2023 | $575,894 | $614,824 | $2,735,089 | $-38,930 |
| 2022 | $636,028 | $292,089 | $620,557 | $343,939 |
| 2021 | $290,017 | $136,646 | $277,544 | $153,371 |
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