FREEDOM HOOPS (EIN 845071290) - 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

MICHAEL LONEY

Phone

9134843159

Tax Period

2024-01-01 to 2024-12-31

FREEDOM HOOPS, founded in 2020, is a small nonprofit in the Youth Development sector that reported $539K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $159K, a strong 30% operating margin.

Mission

CULTIVATING DISCIPLES...ON THE COURT AND 1-ON-1

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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 $539,943

Program Service Revenue $3,895

Investment Income $11,801

Other Revenue $-16,740

TOTAL REVENUE $538,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,363

Fundraising Expenses $16,624

Program Expenses $294,454

Other Expenses $119,517

TOTAL EXPENSES $379,880

Year-over-Year Comparison

	2024	2023	Change
Revenue	$538,899	$401,207	+0.3%
Expenses	$379,880	$347,130	+0.1%
Net Income	$159,019	$54,077	+1.9%

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

$79,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM WITTMER	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
EMMANUEL JOSEPH	BOARD MEMBER	0.50	Director	$0	$0	$0
AARON LINN	BOARD MEMBER	0.50	Director	$0	$0	$0
LANCE ALBRITTON	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
RACHELLE CROWE	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL LONEY	EXECUTIVE DIRECTOR	45.00	Officer	$77,008	$2,325	$79,333
STEPHEN HOBSON	TREASURER	0.25	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	$538,899	$379,880	$665,988	$159,019
2023	$401,207	$347,130	$506,643	$54,077
2022	$391,762	$336,614	$452,505	$55,148
2021	$315,972	$259,370	$397,248	$56,602

FREEDOM HOOPS