THE FREEBSD FOUNDATION (EIN 841545163) - 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

2000

Legal Domicile

Principal Officer

DEBBI GOODKIN

Phone

7202075142

Tax Period

2023-01-01 to 2023-12-31

THE FREEBSD FOUNDATION, founded in 2000, is a community nonprofit in the Science & Technology sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 43% operating deficit.

Mission

TO SUPPORT THE FREEBSD PROJECT AND COMMUNITY.

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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 $1,268,896

Program Service Revenue $0

Investment Income $76,375

Other Revenue $0

TOTAL REVENUE $1,345,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $955,390

Fundraising Expenses $152,285

Program Expenses $1,400,174

Other Expenses $972,766

TOTAL EXPENSES $1,928,156

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,345,271	$1,005,053	+0.3%
Expenses	$1,928,156	$1,280,936	+0.5%
Net Income	$-582,885	$-275,883	+1.1%

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

$309,995

Total Directors

$309,995

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBI GOODKIN SEE SCH J	EXECUTIVE DIRECTOR AND SECRETARY	40.00	Officer Director	$300,704	$9,291	$309,995
JUSTIN T GIBBS	PRESIDENT AND TREASURER	5.00	Officer Director	$0	$0	$0
ANDREW WAFAA	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CAT ALLMAN	DIRECTOR	5.00	Director	$0	$0	$0
HIROKI SATO	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT N M WATSON	DIRECTOR	5.00	Director	$0	$0	$0
JAMES EDWARD MASTE	SR DIR OF TECHNOLOGY	40.00	Highest	$160,000	$9,483	$169,483

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	$1,345,271	$1,928,156	$4,924,053	$-582,885
2022	$1,005,053	$1,280,936	$5,332,223	$-275,883
2021	$1,422,525	$1,369,446	$5,820,163	$53,079
2020	$1,466,235	$1,174,561	$5,768,248	$291,674
2019	$2,395,212	$1,092,042	$5,484,328	$1,303,170
2018	$1,466,794	$867,779	$4,170,445	$599,015

THE FREEBSD FOUNDATION