LET FREEDOM RING FOUNDATION (EIN 831053673) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

CONNIE MATTHEWS HARSHAW

Phone

7575852146

Tax Period

2023-01-01 to 2023-12-31

LET FREEDOM RING FOUNDATION, founded in 2018, is a small nonprofit in the Religion sector that reported $176K in total revenue in fiscal year 2021. Revenue surged 101% from the prior year, signaling strong growth momentum. Expenses of $156K left a modest 11% surplus.

Mission

PROTECT/PRESERVE HISTORIC FBC BUILDING AND ARTIFACTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $268,642

Program Service Revenue $16,951

Investment Income $6

Other Revenue $10,072

TOTAL REVENUE $295,671

Expense Breakdown

Grants Paid $207,541

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $257,274

Other Expenses $67,180

TOTAL EXPENSES $274,721

Year-over-Year Comparison

	2023	2022	Change
Revenue	$295,671	$183,107	+0.6%
Expenses	$274,721	$104,112	+1.6%
Net Income	$20,950	$78,995	-0.7%

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
CONNIE MATTHEWS HARSHAW	PRESIDENT	25.00	Officer Director	$0	$0	$0
RICHARD DICKERSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JEANNE ZEIDLER	SECRETARY	2.00	Officer Director	$0	$0	$0
CLIFTON BRIGHAM	TREASURER	2.00	Director	$0	$0	$0
DONALD C HILL	DIRECTOR	10.00	Director	$0	$0	$0
JODY ALLEN PHD	DIRECTOR	5.00	Director	$0	$0	$0
REV DR JULIE GRACE	DIRECTOR	4.00	Director	$0	$0	$0
REV JUANITA GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA HAMM LEE	DIRECTOR	8.00	Director	$0	$0	$0
T MONTGOMERY MASON	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE SLEDD SR	DIRECTOR	8.00	Director	$0	$0	$0
WILLIAM TURNER	DIRECTOR	1.00	Director	$0	$0	$0
CHYNITA TURNER-PRYOR	DIRECTOR	2.00	Director	$0	$0	$0
GIANFRANCO GRANDE	DIRECTOR	0.00	Director	$0	$0	$0
MELODY HUNDLEY	DIRECTOR	4.00	Director	$0	$0	$0
MARK GARDNER	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG JAMES	DIRECTOR	2.00	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	$295,671	$274,721	$127,339	$20,950
2022	$183,107	$104,112	$106,389	$78,995
2021	$175,773	$156,093	$27,394	$19,680

LET FREEDOM RING FOUNDATION