SET FREE MONTEREY BAY

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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

Principal Officer

ASHLEY CHESNEY

Phone

8313209555

Tax Period

2023-07-01 to 2024-06-30

SET FREE MONTEREY BAY is a small nonprofit in the Crime & Legal sector that reported $421K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $493K exceeded revenue, resulting in a 17% operating deficit.

Mission

Set Free Monterey Bay fights human trafficking by prevention, education, awareness training, and survivor restoration through long term residential and outpatient care.

Program Service Accomplishments

Program 1

Expenses: $232,504 Revenue: $300

Set Free provides in-patient residential safe house for female survivors of sex trafficking.

Program 2

Expenses: $23,546 Revenue: $3,300

Set Free provides training and education around the county to keep the public informed of the crisis that is human trafficking.

Program 3

Expenses: $5,893 Revenue: $900

Set Free provides outpatient services for the individuals that have gone through the program to continue to support those affected by human trafficking.

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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 $284,632

Program Service Revenue $5,921

Investment Income $6

Other Revenue $130,472

TOTAL REVENUE $421,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $254,148

Fundraising Expenses $57,501

Program Expenses $261,943

Other Expenses $239,196

TOTAL EXPENSES $493,344

Year-over-Year Comparison

	2023	2022	Change
Revenue	$421,031	$299,757	+0.4%
Expenses	$493,344	$365,162	+0.4%
Net Income	$-72,313	$-65,405	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MADDIE NOSEWORTHY	Secretary	1.00	Director	$0	$0	$0
ASHLEY CHESNEY	Vice President	8.00	Director	$0	$0	$0
JEANINE STATON	President	1.00	Director	$0	$0	$0
MILCHAEL GILMARTIN	Treasurer	1.00	Director	$0	$0	$0
JIM SWALLOW	Director	1.00	Director	$0	$0	$0
REBECCA UPJOHN	Director	1.00	Director	$0	$0	$0
DOUG GUTSHALL	Director	1.00	Director	$0	$0	$0
JUSTIN NOSEWORTHY	Director	1.00	Director	$0	$0	$0
MATTHEW RONCONI	Director	1.00	Director	$0	$0	$0
MOLLY LORENZI	Director	1.00	Director	$0	$0	$0
ANA SILVESTRE	Director	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
2025	No data	No data	No data	No data
2024	$421,031	$493,344	$79,885	$-72,313
2023	$299,757	$365,162	$150,658	$-65,405
2023	$299,757	$365,162	$150,658	$-65,405
2022	$213,304	$119,158	$159,694	$94,146