FREEDOM FIRST ENTERPRISES (EIN 813904720) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

DAVE PROSSER

Phone

5403757781

Tax Period

2023-01-01 to 2023-12-31

FREEDOM FIRST ENTERPRISES, founded in 2017, is a small nonprofit in the Human Services sector that reported $395K in total revenue in fiscal year 2019. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $376K left a modest 5% surplus.

Mission

TO ASSIST LOW AND VERY LOW INCOME CONSUMERS WITH ALTERNATIVE FINANCIAL SERVICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $72,878

Program Service Revenue $0

Investment Income $287

Other Revenue $0

TOTAL REVENUE $73,165

Expense Breakdown

Grants Paid $203,878

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $322,278

Other Expenses $160,319

TOTAL EXPENSES $364,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,165	$296,362	-0.8%
Expenses	$364,197	$224,315	+0.6%
Net Income	$-291,032	$72,047	-5.0%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY BUTTERFIELD	SECRETARY	2.00	Officer Director	$0	$0	$0
PAUL PHILLIPS	PRES./BOARD CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAVE PROSSER	VP/EXEC. DIRECTOR	2.00	Officer Director	$0	$0	$0
WAYNE STRICKLAND	TREASURER	2.00	Officer Director	$0	$0	$0
ANNETTE PATTERSON	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$73,165	$364,197	$298,162	$-291,032
2022	$296,362	$224,315	$580,596	$72,047
2021	$425,122	$297,942	$498,620	$127,180
2020	$201,141	$24,441	$372,689	$176,700
2019	$395,394	$376,405	$186,965	$18,989

FREEDOM FIRST ENTERPRISES