Greenwich, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
FTO promotes medical and scientific research by searching patent literature for issued or pending patents to identify those which are overbroad or potentially invalid or which may interfere with...
FTO promotes medical and scientific research by searching patent literature for issued or pending patents to identify those which are overbroad or potentially invalid or which may interfere with access to publicly known and available medicinal products. FTO may then take action to raise public awareness of identified problems with these patents and patent applications, through petitioning relevant Patent Offices, providing information to journalists, and providing information to individuals and organizations that are interested in research and development of the known and available medicinal products. These actions allow research organizations to more efficiently achieve their goals, to expedite scientific advancement, and to avoid wasteful expenditures.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Carey Turnbull | Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| 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 |
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