FREEDOM COMMUNITIES (EIN 822329303) - 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

HANNAH BEAVERS

Phone

7042189775

Tax Period

2024-01-01 to 2024-12-31

FREEDOM COMMUNITIES, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $5.1M in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 59% operating margin.

Mission

WE DRIVE HOLISTIC FAMILY AND COMMUNITY TRANSFORMATION THROUGH INNOVATIVE PROGRAMS AND REAL ESTATE INVESTMENTS IN THE FREEDOM DRIVE CORRIDOR.

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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 $4,461,505

Program Service Revenue $556,629

Investment Income $-32,264

Other Revenue $70,252

TOTAL REVENUE $5,056,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,049,929

Fundraising Expenses $143,947

Program Expenses $1,643,910

Other Expenses $1,027,295

TOTAL EXPENSES $2,097,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,056,122	$2,437,047	+1.1%
Expenses	$2,097,269	$1,909,714	+0.1%
Net Income	$2,958,853	$527,333	+4.6%

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

200

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

$146,856

Total Directors

$33,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANNAH BEAVERS	EXECUTIVE DI	40.00	Officer	$146,856	$0	$146,856
SUZANNE HUNT	DIRECTOR	5.00	Director	$33,667	$0	$33,667
RODNEY ADAMS	DIRECTOR	5.00	Director	$0	$0	$0
ELIZABETH COOPER	DIRECTOR	5.00	Director	$0	$0	$0
DAVID DOCUSEN	DIRECTOR	5.00	Director	$0	$0	$0
CLAIRE MAGEE FERGUSON	DIRECTOR	5.00	Director	$0	$0	$0
MICHELLE HEWLETT-WYNN	DIRECTOR	5.00	Director	$0	$0	$0
DOUG IRMSCHER	DIRECTOR	5.00	Director	$0	$0	$0
SHAWN KENNEDY	DIRECTOR	5.00	Director	$0	$0	$0
MARK LINSZ	TREASURER	10.00	Officer Director	$0	$0	$0
BRANDY MILAZZO	DIRECTOR	5.00	Director	$0	$0	$0
EVELYN MINTER	DIRECTOR	5.00	Director	$0	$0	$0
JOHN PARKER	DIRECTOR	5.00	Director	$0	$0	$0
TIM SITTEMA	BOARD CHAIR	10.00	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	$5,056,122	$2,097,269	$8,797,859	$2,958,853
2023	$2,437,047	$1,909,714	$6,580,244	$527,333
2022	$2,615,175	$1,498,660	$5,776,301	$1,116,515
2021	$1,525,905	$937,228	$2,843,909	$588,677
2020	$1,173,061	$617,339	$1,682,010	$555,722
2018	$444,880	$478,681	$36,631	$-33,801

FREEDOM COMMUNITIES