True Freedom Enterprises (EIN 823134351) - 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

Michael Swiger

Tax Period

2023-01-01 to 2023-12-31

True Freedom Enterprises, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $400K in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $372K left a modest 7% surplus.

Mission

Prospera Reentry and Transportation exists to revolutionize prisoner reentry in America by reducing recidivism through specializing in:Pre-release prisoner workforce readiness trainingPre-release work release programmingPost-release trade-school training

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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 $266,237

Program Service Revenue $134,150

Investment Income $31

Other Revenue $0

TOTAL REVENUE $400,418

Expense Breakdown

Grants Paid $60,113

Salaries & Benefits $166,601

Fundraising Expenses $200

Program Expenses $372,094

Other Expenses $145,580

TOTAL EXPENSES $372,294

Year-over-Year Comparison

	2023	2022	Change
Revenue	$400,418	$240,256	+0.7%
Expenses	$372,294	$242,822	+0.5%
Net Income	$28,124	$-2,566	-12.0%

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

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

$61,240

Total Directors

$61,240

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Swiger	President	10.00	Officer Director	$61,240	$0	$61,240
Josh Lusk	Board Member	1.00	Director	$0	$0	$0
Jeremy Dalton	Board Member	1.00	Director	$0	$0	$0
David Wessel	Director	3.00	Director	$0	$0	$0
Kevin McHugh	Chairman of the Board	1.00	Director	$0	$0	$0
Vince Ciepiel	Board Member	1.00	Director	$0	$0	$0
Timothy Geisse	Board Member	1.00	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	$400,418	$372,294	$840,883	$28,124
2022	$240,256	$242,822	$770,062	$-2,566
2021	$196,623	$195,324	$786,425	$1,299
2020	$201,061	$185,943	$814,925	$15,118
2019	$214,240	$188,696	$782,057	$25,544
2018	$754,786	$104,322	$767,338	$650,464

True Freedom Enterprises