LIVE FREE MINISTRIES

EIN: 841942797 501(c)(3) Mental Health

WOODBURY, NJ

Total Revenue
$412,147
Total Expenses
$387,464
Total Assets
$143,041
Net Assets
$136,463
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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
NJ
Tax Period
2024-01-01 to 2024-12-31

LIVE FREE MINISTRIES, founded in 2019, is a small nonprofit in the Mental Health sector that reported $412K in total revenue in fiscal year 2024. Expenses of $387K left a modest 6% surplus.

Mission

LIVE FREE MINISTRIES EXISTS TO HELP PEOPLE LIVE A FULLY INTEGRATED AND PURPOSEFUL LIFE. WE ACCOMPLISH THIS BY PROVIDING RESOURCES AND COMMUNITIES THAT CONNECT PEOPLE, SO THEY CAN ENJOY A MENTALLY HEALTHY LIFESTYLE FREE OF SEXUAL SHAME AND REGRET.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $155,009
Program Service Revenue $252,501
Investment Income $4,637
Other Revenue $0
TOTAL REVENUE $412,147

Expense Breakdown

Grants Paid $0
Salaries & Benefits $134,438
Fundraising Expenses $0
Program Expenses $387,464
Other Expenses $253,026
TOTAL EXPENSES $387,464

Year-over-Year Comparison

2024 2023 Change
Revenue $412,147 $394,551 +0.0%
Expenses $387,464 $384,314 +0.0%
Net Income $24,683 $10,237 +1.4%
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

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Governance

Voting Members
3
Independent Members
2
Employees
4
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
3
$84,522
Total Directors
1
$84,522
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARL THOMAS CEO EXECUTIVE DIRECTOR 40.00
Officer Director
$84,522 $0 $84,522
KIM BEGATO SECRETARY 0.00
Officer
$0 $0 $0
ROB RILEY TREASURER 0.00
Officer
$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 $412,147 $387,464 $143,041 $24,683
2023 $394,551 $384,314 $120,107 $10,237
2022 $379,585 $419,192 $104,430 $-39,607
2021 $421,694 $327,692 $143,879 $94,002
2020 $337,879 $307,638 $47,334 $30,241
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