Free Code Camp Inc (EIN 820779546) - 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

2017

Legal Domicile

Principal Officer

Michael Quincy Larson

Phone

4156636049

Tax Period

2023-01-01 to 2023-12-31

Free Code Camp Inc, founded in 2017, is a community nonprofit in the Science & Technology sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $745K, a strong 34% operating margin.

Mission

We help people learn computer programming for free by creating thousands of videos, articles, and interactive coding lessons which are all freely available to the public.

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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 $1,173,685

Program Service Revenue $160,016

Investment Income $93,111

Other Revenue $743,662

TOTAL REVENUE $2,170,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,456

Fundraising Expenses $73,818

Program Expenses $1,245,682

Other Expenses $1,203,828

TOTAL EXPENSES $1,425,284

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,170,474	$4,278,462	-0.5%
Expenses	$1,425,284	$1,390,551	+0.0%
Net Income	$745,190	$2,887,911	-0.7%

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

650

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

$220,500

Total Directors

$220,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Quincy Larson	Exec Dir/Treas	40.00	Officer Director	$220,500	$0	$220,500
Sam Sperling	Director	1.00	Director	$0	$0	$0
Jonathann Giammarco	Secretary	1.00	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	$2,170,474	$1,425,284	$6,901,023	$745,190
2022	$4,278,462	$1,390,551	$4,991,370	$2,887,911
2021	$3,236,638	$881,167	$2,687,825	$2,355,471
2020	$754,030	$495,529	$330,693	$258,501

Free Code Camp Inc