FREE COLUMBIA INC (EIN 842446804) - 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

2020

Legal Domicile

Principal Officer

LAURA SUMMER

Phone

5186727302

Tax Period

2024-01-01 to 2024-12-31

FREE COLUMBIA INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $101K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $33K, a strong 33% operating margin.

Mission

FREE COLUMBIA'S MISSION IS THE CULTIVATION OF ART, ASTHETIC EDUCATION, CONTEMPLATIVE INQUIRY, AND ACTION RESEARCH IN A SPIRIT OF INDEPENDENCE AND ACCESSIBILITY.

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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 $45,509

Program Service Revenue $53,633

Investment Income $1,754

Other Revenue $0

TOTAL REVENUE $100,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,798

Fundraising Expenses $0

Program Expenses $64,605

Other Expenses $27,199

TOTAL EXPENSES $67,997

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,896	$107,542	-0.1%
Expenses	$67,997	$114,087	-0.4%
Net Income	$32,899	$-6,545	-6.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA SUMMER	PRESIDENT	1.00	Officer Director	$0	$0	$0
PETE LEMIRE	TREASURER	1.00	Officer Director	$0	$0	$0
ALISON FOX	SECRETARY	1.00	Officer Director	$0	$0	$0
KAI NAOR	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MATTHEW SAWAYA	TRUSTEE	1.00	Director	$0	$0	$0
ANGELA FOSTER	TRUSTEE	1.00	Director	$0	$0	$0
SOREN DIETZEL	TRUSTEE	1.00	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	$100,896	$67,997	$83,836	$32,899
2023	$107,542	$114,087	$63,904	$-6,545
2022	$163,589	$226,729	$57,773	$-63,140
2021	$203,221	$161,003	$120,566	$42,218
2020	$103,061	$70,798	$66,302	$32,263

FREE COLUMBIA INC