Freedom to Operate Inc (EIN 850498384) - 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

Carey Turnbull

Phone

2035547725

Tax Period

2023-01-01 to 2023-12-31

Freedom to Operate Inc, founded in 2020, is a micro nonprofit that reported $13K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $16K exceeded revenue, resulting in a 22% operating deficit.

Mission

To advance science and education and, specifically, to support and facilitate medical and scientific research in the public interest for the public benefit, primarily by challenging certain patent rights which are improperly claimed and which inappropriately prevent others from engaging in research and innovation in the public interest.

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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 $13,000

Program Service Revenue $0

Investment Income $14

Other Revenue $0

TOTAL REVENUE $13,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,938

Other Expenses $15,911

TOTAL EXPENSES $15,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,014	$531,904	-1.0%
Expenses	$15,911	$506,918	-1.0%
Net Income	$-2,897	$24,986	-1.1%

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

N/A

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
Carey Turnbull	Director	1.00	Officer 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
2023	$13,014	$15,911	No data	$-2,897
2022	$531,904	$506,918	$2,897	$24,986
2021	$810,713	$846,396	No data	$-35,683
2020	$315,005	$300,411	$14,594	$14,594

Freedom to Operate Inc