FREEDOM RIDE RESCUE

EIN: 823915727 501(c)(3) Animal-Related

RALEIGH, NC

Total Revenue
$359,014
Total Expenses
$390,667
Total Assets
$54,535
Net Assets
$54,535
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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
2018
Legal Domicile
NC
Principal Officer
LARRY HUGHES
Phone
9195460633
Tax Period
2023-01-01 to 2023-12-31

FREEDOM RIDE RESCUE, founded in 2018, is a small nonprofit in the Animal-Related sector that reported $359K in total revenue in fiscal year 2023.

Mission

FREEDOM RIDE RESCUE IS COMMITTED TO SAVING DOGS FROM OVERCROWDED SHELTERS AND PLACING THEM IN LOVING FOSTER HOMES UNTIL THEY FIND THEIR FOREVER FAMILIES. OUR MISSION IS TO CREATE A NO-KILL STATE BY REHABILITATING AND REHOMING DOGS WHILE PROMOTING RESPONSIBLE PET OWNERSHIP THROUGH EDUCATION AND ADVOCACY.

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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 $276,373
Program Service Revenue $52,833
Investment Income $0
Other Revenue $29,808
TOTAL REVENUE $359,014

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,400
Fundraising Expenses $0
Program Expenses $386,206
Other Expenses $367,267
TOTAL EXPENSES $390,667

Year-over-Year Comparison

2023 2022 Change
Revenue $359,014 $348,573 +0.0%
Expenses $390,667 $321,981 +0.2%
Net Income $-31,653 $26,592 -2.2%
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
3
Independent Members
3
Employees
N/A
Volunteers
300

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
2
$23,400
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY HUGHES PRESIDENT 10.00
Officer Director
$0 $0 $0
JULIE PELLICORE BOARD MEMBER 25.00
Director
$0 $0 $0
MELANIE LOTZKAR BOARD MEMBER 5.00
Director
$0 $0 $0
MOLLIE DOLL EXECUTIVE DIRECTOR 35.00
Officer
$23,400 $0 $23,400
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 $359,014 $390,667 $54,535 $-31,653
2022 $348,573 $321,981 $86,188 $26,592
2021 $349,309 $336,515 $59,596 $12,794
2020 $262,113 $234,776 $46,802 $27,337
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