MINNESOTA FREEDOM FUND (EIN 821214607) - 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

CHANDA SMITH BAKER

Phone

6123236011

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA FREEDOM FUND, founded in 2017, is a small nonprofit in the Crime & Legal sector that reported $755K in total revenue in fiscal year 2023. Revenue surged 129% from the prior year, signaling strong growth momentum. Expenses of $4.5M exceeded revenue, resulting in a 491% operating deficit.

Mission

THE MINNESOTA FREEDOM FUND PAYS CRIMINAL BAIL AND IMMIGRATION BONDS FOR THOSE WHO CANNOT OTHERWISE AFFORD TO AS WE SEEK TO END DISCRIMINATORY, COERCIVE, AND OPPRESSIVE JAILING.

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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 $203,568

Program Service Revenue $141,395

Investment Income $410,210

Other Revenue $0

TOTAL REVENUE $755,173

Expense Breakdown

Grants Paid $455,000

Salaries & Benefits $2,577,749

Fundraising Expenses $200,658

Program Expenses $2,206,189

Other Expenses $1,430,166

TOTAL EXPENSES $4,462,915

Year-over-Year Comparison

	2023	2022	Change
Revenue	$755,173	$330,096	+1.3%
Expenses	$4,462,915	$7,039,822	-0.4%
Net Income	$-3,707,742	$-6,709,726	-0.4%

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

$795,341

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALENTINA MCKENZIE	CHAIR	2.00	Officer Director	$0	$0	$0
BONNIE HOWERTON	SECRETARY	2.00	Officer Director	$0	$0	$0
WILLIE LLOYD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MONCIES FRANCO	TREASURER	2.00	Officer Director	$0	$0	$0
MALAIKA EBAN	MEMBER	2.00	Director	$0	$0	$0
LESLIE REDMOND	CHAIR/FINANCE COMMITTEE THRU 07/23	2.00	Officer Director	$0	$0	$0
RASHARD ZANDERS	VICE CHAIR THRU 08/23	2.00	Officer Director	$0	$0	$0
NAOMI MARX	MEMBER THRU 09/23	2.00	Director	$0	$0	$0
CHANDA SMITH BAKER	INTERIM EXEC. DIR. BEGIN 10/1//2023	40.00	Officer	$34,284	$0	$34,284
ELIZER DARRIS	CO-EXECUTIVE DIRECTOR THRU 06/1/23	40.00	Officer	$233,668	$4,817	$238,485
MIRELLA CEJA-OROZCO	CO-EXECUTIVE DIRECTOR THRU 09/01/23	40.00	Officer	$332,628	$11,822	$344,450
JEFF WHITE	DIRECTOR OF FINANCE THRU 12/31/23	40.00	Officer	$148,722	$29,400	$178,122
JANA KOOREN	DEPUTY EXECUTIVE DIRECTOR	40.00	Highest	$102,885	$12,437	$115,322

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	$755,173	$4,462,915	$18,349,190	$-3,707,742
2022	$330,096	$7,039,822	$22,089,479	$-6,709,726
2021	$841,283	$4,873,192	$27,944,191	$-4,031,909
2020	$41,667,782	$7,336,398	$34,687,167	$34,331,384
2019	$231,424	$99,863	$282,870	$131,561

MINNESOTA FREEDOM FUND