PROJECT FREE UNIVERSITY

EIN: 844173588 501(c)(3) Human Services

INDIANAPOLIS, IN

Total Revenue
$395,362
Total Expenses
$285,696
Total Assets
$42,745
Net Assets
$42,745
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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
IN
Principal Officer
HOWARD STEVENSON II
Phone
3175562877
Tax Period
2024-01-01 to 2024-12-31

PROJECT FREE UNIVERSITY, founded in 2020, is a small nonprofit in the Human Services sector that reported $395K in total revenue in fiscal year 2024. The organization ran a surplus of $110K, a strong 28% operating margin.

Mission

TO EDUCATE THE UNDERSERVERED ON FINANCIAL LITERACY AND ENTREPRENEURSHIP IN ORDER TO REDUCE CRIME PROPERTY AND FINANCIAL INSECURITY

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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 $0
Program Service Revenue $394,999
Investment Income $0
Other Revenue $363
TOTAL REVENUE $395,362

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $285,696
Other Expenses $285,696
TOTAL EXPENSES $285,696

Year-over-Year Comparison

2024 2023 Change
Revenue $395,362 N/A N/A
Expenses $285,696 N/A N/A
Net Income $109,666 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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD STEVENSON II N/A 40.00
Officer Key Emp
$0 $0 $0
LATOYA DIXON VICE PRESIDENT 10.00
Officer
$0 $0 $0
CASSANDRA WILLIAMS 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 $395,362 $285,696 $42,745 $109,666
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