FREEDMENS ART ALLIANCE INC

EIN: 813943794 501(c)(3) Arts, Culture & Humanities

CHESTER, PA

Total Revenue
$37,620
Total Expenses
$40,384
Total Assets
$61,888
Net Assets
$61,888
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
PA
Tax Period
2023-01-01 to 2023-12-31

FREEDMENS ART ALLIANCE INC, founded in 2017, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $38K in total revenue in fiscal year 2023. Revenue surged 255% from the prior year, signaling strong growth momentum.

Mission

COMMUNITY THEATER AND ARTS CENTER. TO USE ART TO INFLUENCE AND EDUCATE THE COMMUNITY AND BRING AWARENESS OF EXPERIENCES ACROSS SPACE AND TIME. TO USE ART AS A VEHICLE OF CHANGE IN OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $19,450

ART CLASSES ARE TOUGHT BY VOLUNTEERS(SOME PAID) INSTRUCTORS FOR CHILDRENAND ADULTS-MANY SUFFERS TRAUMAS. CLASSES ARE HELD SEVERAL TIMES A WEEK. ESTIMATED 275 PEOPLE PARTIPATED COMMUNITY DISCUSSIONS...

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ART CLASSES ARE TOUGHT BY VOLUNTEERS(SOME PAID) INSTRUCTORS FOR CHILDRENAND ADULTS-MANY SUFFERS TRAUMAS. CLASSES ARE HELD SEVERAL TIMES A WEEK. ESTIMATED 275 PEOPLE PARTIPATED COMMUNITY DISCUSSIONS ON ECONOMIC OPPORTUNITIES, DEVELOPMENT,MEDIA ANDRACE, GENDER EQUILITIES AND NATIONAL HISTORY. EVENTS INCLUDE PANEL DISCUSSIONS AND PRESENTATIONS. ARTS AND ENTERTAINMENT EXPERIENCES FOR LOW INCOME COMMUNITY. THIS INCLUDES THEATRICAL PERFORMANCES, LIVE MUSIC, POETRY AND PUPPETRY. THEY ARE LARGELY PRODUCED BY LOCAL ARTISTS. LEVERAGE THE ARTS TO EXPLORE SOCIAL ISSUES, DIFFUSE TENSIONS AND INTRODUCE CREATIVE RESPONSES;HEIGHTEN PUBLIC AWARENESS ON ISSUES OF OPPORTUNITY, FAIRNESS AND JUSTICE;ENGAGE THE PUBLIC IN REGULAR DISCOURSE ON TIMELY TOPICS AND COMMUNITY CONCERNS;DEEPEN CAPACITY FOR UNDERSTANDING AND NAVIGATING DIFFERENCE THROUGHOUT THE COMMUNITY;EQUIP THE NEXT GENERATION WITH KNOWLEDGE AND TOOLS THAT CAN SERVE AS A BLUEPRINT FOR FUTURE TORCHBEARERS;EMPOWER A BROAD RANGE OF PARTNERS, ACROSS DISCIPLINES, TO FUNCTION EFFECTIVELY AS ALLIES IN PROMOTING EQUITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $36,420
Program Service Revenue $0
Investment Income $0
Other Revenue $1,200
TOTAL REVENUE $37,620

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $19,450
Other Expenses $40,384
TOTAL EXPENSES $40,384

Year-over-Year Comparison

2023 2022 Change
Revenue $37,620 $10,600 +2.5%
Expenses $40,384 $55,141 -0.3%
Net Income $-2,764 $-44,541 -0.9%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES TURNER CHAIRMAN OF THE BOARD 5.00
Officer
$0 $0 $0
DEVON WALLS EXECUTIVE DIRECTOR 10.00
Officer
$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
2024 No data No data No data No data
2023 $37,620 $40,384 $61,888 $-2,764
2022 $10,600 $55,141 $64,652 $-44,541
2021 $25,270 $51,081 $133,531 $-25,811
2020 $329,625 $196,411 $159,342 $133,214
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