FREED & KWON HUMANITARIAN MEDICAL FUND INC (EIN 823015704) - 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

JEFFREY FREED

Phone

2129539200

Tax Period

2024-01-01 to 2024-12-31

FREED & KWON HUMANITARIAN MEDICAL FUND INC, founded in 2017, is a micro nonprofit in the Health Care sector that reported $62K in total revenue in fiscal year 2024. Revenue surged 258% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE FINANCIAL SUPPORT TO IMPROVE HEALTH CONDITIONS FOR INDIVIDUALS LIVING IN UNDERDEVELOPED COUNTRIES.

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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 $61,879

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $61,879

Expense Breakdown

Grants Paid $14,843

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,479

Other Expenses $52,723

TOTAL EXPENSES $67,566

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,879	$17,281	+2.6%
Expenses	$67,566	$29,104	+1.3%
Net Income	$-5,687	$-11,823	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY FREED	PRESIDENT	3.00	Officer Director	$0	$0	$0
SOO KWON	SECRETARY & TREASURER	2.00	Officer Director	$0	$0	$0
EILEEN SOLOMON	DIRECTOR	0.50	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	$61,879	$67,566	$52,913	$-5,687
2023	$17,281	$29,104	$58,600	$-11,823
2022	$13,406	$13,490	$70,423	$-84
2021	$24,183	$8,090	$70,507	$16,093
2020	$46,974	$8,158	$54,414	$38,816
2019	$41,446	$57,292	$33,236	$-15,846

FREED & KWON HUMANITARIAN MEDICAL FUND INC