FREEDOM RIDE RESCUE INC

EIN: 821790034 501(c)(3) Animal-Related

CHISHOLM, MN

Total Revenue
$356,332
Total Expenses
$347,811
Total Assets
$109,150
Net Assets
$103,889
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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
CA
Principal Officer
CHERYL MEYER
Tax Period
2023-01-01 to 2023-12-31

FREEDOM RIDE RESCUE INC, founded in 2016, is a small nonprofit in the Animal-Related sector that reported $356K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

ANIMAL PROTECTION AND WELFARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $303,486
Program Service Revenue $52,842
Investment Income $4
Other Revenue $0
TOTAL REVENUE $356,332

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $345,990
Other Expenses $347,811
TOTAL EXPENSES $347,811

Year-over-Year Comparison

2023 2022 Change
Revenue $356,332 $314,538 +0.1%
Expenses $347,811 $308,062 +0.1%
Net Income $8,521 $6,476 +0.3%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL MEYER President & CEO 0.00
Director
$0 $0 $0
ROBERT ANTONINI Secretary/CFO 0.00
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 No data No data No data No data
2023 $356,332 $347,811 $109,150 $8,521
2022 $314,538 $308,062 $99,059 $6,476
2020 $288,201 $250,005 $90,947 $38,196
2019 $202,161 $193,303 $63,757 $8,858
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