FREEDOM OF FORM FOUNDATION INC (EIN 824415111) - 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

2018

Legal Domicile

Principal Officer

Michael Norsworthy

Phone

4046302427

Tax Period

2025-01-01 to 2025-12-31

FREEDOM OF FORM FOUNDATION INC, founded in 2018, is a micro nonprofit in the Medical Research sector that reported $26K in total revenue in fiscal year 2025. Revenue fell 89% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $10K, a strong 38% operating margin.

Mission

Conduct, fund, and popularize research in basic science, biomedical science, and bioengineering

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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 (2025)

Revenue Breakdown

Contributions & Grants $20,557

Program Service Revenue $0

Investment Income $5,703

Other Revenue $0

TOTAL REVENUE $26,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $313

Program Expenses $1,251

Other Expenses $16,153

TOTAL EXPENSES $16,153

Year-over-Year Comparison

	2025	2024	Change
Revenue	$26,260	$235,287	-0.9%
Expenses	$16,153	$12,655	+0.3%
Net Income	$10,107	$222,632	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Norsworthy	President and Chief Executive Officer	40	Officer Director	$0	$0	$0
Noel Garber	Vice President, Treasurer, and Chief Scientific Officer	10	Officer Director	$0	$0	$0
Joshua Boogerd	Director and Chief Technology Officer	5	Director	$0	$0	$0
Ramon Reyes	Director and Chief Information Officer	5	Director	$0	$0	$0
William McClenny	Director	5	Director	$0	$0	$0
Maeve Logue	Secretary	15	Officer Director	$0	$0	$0
Benjamin Mitchell	Director	5	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
2025	$26,260	$16,153	$264,586	$10,107
2024	$235,287	$12,655	$254,481	$222,632

FREEDOM OF FORM FOUNDATION INC