Duluth, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Family Freedom Center, founded in 2018, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $181K, a strong 15% operating margin.
The Family Freedom Center seeks to empower the Black Community by reconstructing cultural and socio-economic narratives and unapologetically embracing what it means to be Black, both historically and present day. Family Freedom Center will do this by exploring alternative means of education and providing resources that bridge the gap between community and families. This bridge will engage members of the organization with love, respect, guidance, knowledge, and pride. Family Freedom Center programs will foster positive change in various systemic landscapes that directly impact the Black community while being inclusive to the Duluth community at large.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,197,482 | $806,370 | +0.5% |
| Expenses | $1,016,597 | $925,114 | +0.1% |
| Net Income | $180,885 | $-118,744 | -2.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Timothy McCray | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| LaVenda Vann | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| John Staine Jr | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Sharon Witherspoon | Board Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Abbey DeLisle | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Ellie Tofte Holte | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jacob Bell | Executive Director | 40.00 |
Officer
|
$79,611 | $0 | $79,611 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,197,482 | $1,016,597 | $689,284 | $180,885 |
| 2023 | $806,370 | $925,114 | $534,291 | $-118,744 |
| 2022 | $710,700 | $380,071 | $337,867 | $330,629 |
| 2022 | $710,700 | $380,071 | $337,867 | $330,629 |
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