FREE THE WORK (EIN 814846057) - 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

Principal Officer

ALMA HAREL

Phone

3109141600

Tax Period

2023-01-01 to 2023-12-31

FREE THE WORK, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2023. Expenses of $2.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

FREE THE WORK IS A NONPROFIT INITIATIVE DEDICATED TO IDENTIFYING SYSTEMIC EQUALITIES IN FILM, TELEVISION, ADVERTISING AND MEDIA AND FINDING ACTIONABLE SOLUTIONS TO EXPAND ACCESS FOR UNDER REPRESENTED CREATORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,983,076

Program Service Revenue $583,573

Investment Income $56,522

Other Revenue $0

TOTAL REVENUE $2,623,171

Expense Breakdown

Grants Paid $301,774

Salaries & Benefits $1,600,457

Fundraising Expenses $470,985

Program Expenses $1,983,982

Other Expenses $1,032,313

TOTAL EXPENSES $2,934,544

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,623,171	$2,576,017	+0.0%
Expenses	$2,934,544	$2,555,896	+0.1%
Net Income	$-311,373	$20,121	-16.5%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALMA HAREL	President	10.00	Officer Director	$0	$0	$0
Pamala Buzick	Executive Dir.	40.00	Officer 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
2024	No data	No data	No data	No data
2023	$2,623,171	$2,934,544	$1,006,342	$-311,373
2023	$2,623,171	$2,934,544	$1,006,342	$-311,373
2022	$2,576,017	$2,555,896	$1,317,715	$20,121
2021	$183,108	$262,874	$1,297,594	$-79,766
2020	$1,411,698	$1,861,754	$788,798	$-450,056
2019	$2,369,819	$1,625,412	$1,238,854	$744,407
2018	$696,145	$311,780	$494,373	$384,365

FREE THE WORK