FREEDOM THRU FAITH MINISTRIES INC

EIN: 814769513 501(c)(3) Housing & Shelter

Brooklyn Park, MN

Total Revenue
$179,956
Total Expenses
$170,132
Total Assets
$89,319
Net Assets
$16,896
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MN
Principal Officer
Nathaniel Williams
Phone
7634642826
Tax Period
2024-01-01 to 2024-12-31

FREEDOM THRU FAITH MINISTRIES INC, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $180K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $170K left a modest 5% surplus.

Mission

Freedom thru Faith Ministries provides affordable, safe, home like environments for men who have completed primary residential treatment for drug or alcohol addiction. One of the most critical aspects of recovery is that you change your environment; the people you know, the places you go, and the things you do. We help to provide that new environment. A short 30, 60, or 90 day stay in a treatment facility is not enough. The national average rate of relapse for men after completing primary treatment is 80% - 90%. Without adequate time to practice what they learn in treatment, men can easily fall back into old habits and thinking. And soon after they will return to the people, places, and things that they know so well. We have established a network of Faith-Based and 12 Step recovery programs to assist in designing a recovery plan that works best to meet the needs of each individual.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $179,956
Investment Income $0
Other Revenue $0
TOTAL REVENUE $179,956

Expense Breakdown

Grants Paid $11,786
Salaries & Benefits $30,320
Fundraising Expenses $0
Program Expenses $170,132
Other Expenses $128,026
TOTAL EXPENSES $170,132

Year-over-Year Comparison

2024 2023 Change
Revenue $179,956 $212,253 -0.2%
Expenses $170,132 $212,940 -0.2%
Net Income $9,824 $-687 -15.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
1
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
4
$28,165
Total Directors
3
$0
Key Employees
2
$28,165
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ryan Thayer Secretary 20
Officer Key Emp Highest
$28,165 $0 $28,165
Jim Rowell Director 0
Director
$0 $0 $0
Megan Thayer Director 0
Director
$0 $0 $0
Brandon Folson Director 0
Director
$0 $0 $0
Nate Williams President 30
Officer Key Emp
$0 $0 $0
Jacqueline Williams Vice President 1
Officer
$0 $0 $0
Domonique Williams Treasurer 1
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
2025 No data No data No data No data
2024 $179,956 $170,132 $89,319 $9,824
2023 $212,253 $212,940 $90,006 $-687
2022 $189,108 $177,501 $90,693 $11,607
2021 $172,898 $154,379 $62,634 $18,519
2020 $255,345 $256,861 $44,115 $-1,516
2019 $221,976 $207,574 $20,631 $14,402
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