FREED LIFE (EIN 843039808) - 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

2022

Legal Domicile

Phone

9014103590

Tax Period

2024-07-01 to 2025-06-30

FREED LIFE, founded in 2022, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 8% surplus.

Mission

Freed Life exists to eradicate human trafficking through empowering survivors, equipping communities and changing systems.

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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 $1,694,438

Program Service Revenue $0

Investment Income $4,699

Other Revenue $21,486

TOTAL REVENUE $1,720,623

Expense Breakdown

Grants Paid $52,698

Salaries & Benefits $952,646

Fundraising Expenses $57,528

Program Expenses $1,348,778

Other Expenses $584,519

TOTAL EXPENSES $1,589,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,720,623	$909,655	+0.9%
Expenses	$1,589,863	$740,871	+1.1%
Net Income	$130,760	$168,784	-0.2%

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

$119,893

Total Directors

Key Employees

$106,382

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rachel Haaga	Chief Executive Officer	40.00	Officer	$100,995	$18,898	$119,893
Coasy Hale	Chief Operating Officer	40.00	Key Emp	$96,583	$9,799	$106,382
Audrey Elion	Board Director	10.00	Director	$0	$0	$0
Arvis Nichols	Board Treasurer	10.00	Director	$0	$0	$0
Amanda Krog	Board Secretary	10.00	Director	$0	$0	$0
Corey Strong	Board Chair	10.00	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
2025	$1,720,623	$1,589,863	$600,227	$130,760
2024	$909,655	$740,871	$291,565	$168,784

FREED LIFE