SET FREE SERVICES (EIN 820876602) - 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

Phone

5417734004

Tax Period

2024-01-01 to 2024-12-31

SET FREE SERVICES, founded in 2016, is a small nonprofit in the Human Services sector that reported $588K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $303K, a strong 51% operating margin.

Mission

OUR MISSION IS TO SHARE HOPE, ENCOURAGEMENT AND COMPASSION THROUGH WORDS AND PROVISION OF BASIC HUMAN NEEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $588,158

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $588,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,168

Fundraising Expenses $0

Program Expenses $285,487

Other Expenses $275,319

TOTAL EXPENSES $285,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$588,158	$344,901	+0.7%
Expenses	$285,487	$189,836	+0.5%
Net Income	$302,671	$155,065	+1.0%

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
CHARLIE HALE	Treasurer	3.00	Officer Director	$0	$0	$0
JIM LARSEN	Director	3.00	Director	$0	$0	$0
DAISY HEARING	Secretary	3.00	Officer Director	$0	$0	$0
SHANNON SAKOMAN	Director	3.00	Director	$0	$0	$0
LOREN SNYDER	Director	3.00	Director	$0	$0	$0
GENE MALDONADO	Director	3.00	Director	$0	$0	$0
CHAD MCCOMAS	Director	3.00	Director	$0	$0	$0
JUNE WILLIS	Director	3.00	Director	$0	$0	$0
BRIAN BOOTHBY	Chairman	3.00	Officer Director	$0	$0	$0
BOB BAUMAN	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
HANK DARLINGTON	Director	3.00	Director	$0	$0	$0
STEVEN DAHLIN	Director	3.00	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
2024	$588,158	$285,487	$533,877	$302,671
2023	$344,901	$189,836	$228,533	$155,065

SET FREE SERVICES