EDUCATIONAL FREEDOM INSTITUTE

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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

2019

Legal Domicile

Principal Officer

MATTHEW NIELSEN

Phone

6028005700

Tax Period

2024-01-01 to 2024-12-31

EDUCATIONAL FREEDOM INSTITUTE, founded in 2019, is a small nonprofit in the Education sector that reported $255K in total revenue in fiscal year 2024. Expenses of $310K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO RESEARCH, DOCUMENT AND REPORT THE BENEFITS THAT SCHOOL CHOICE PROVIDES TO STUDENTS, FAMILIES AND COMMUNITIES

Program Service Accomplishments

Program 1

Expenses: $151,026 Revenue: $255,357

RESEARCHED AND REPORTED FINDINGS THAT STUDENTS, FAMILIES AND COMMUNITIES BENEFIT FROM SCHOOL CHOICE

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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 (2024)

Revenue Breakdown

Contributions & Grants $255,357

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $255,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,584

Fundraising Expenses $151,433

Program Expenses $151,026

Other Expenses $169,969

TOTAL EXPENSES $309,553

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,357	N/A	N/A
Expenses	$309,553	N/A	N/A
Net Income	$-54,196	N/A	N/A

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

N/A

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

$128,798

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW NIELSEN	PRESIDENT, CHAIRMAN, DIRECTOR	5.00	Director	$0	$0	$0
LINDSAY BURKE	DIRECTOR	1.00	Director	$0	$0	$0
JASON BEDRICK	DIRECTOR	1.00	Director	$0	$0	$0
IAN KINGSBURY	SENIOR FELLOW	40.00	Officer	$80,000	$0	$80,000
VERONICA WILSON	VP DEVELOPMENT	40.00	Officer	$48,798	$0	$48,798

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	$255,357	$309,553	$98,971	$-54,196