FREEDOM HEALTHCARE INC (EIN 850507492) - 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

2019

Legal Domicile

Principal Officer

KENNETH W DUKEK

Tax Period

2023-07-01 to 2024-06-30

FREEDOM HEALTHCARE INC, founded in 2019, is a micro nonprofit that reported $16K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $841K exceeded revenue, resulting in a 5011% operating deficit.

Mission

ESTABLISHED A NEW ORGANIZATION AND COMMENCED WITH THE TRANSFER OF MENTAL HEALTH & PSYCHIATRIC SERVICES FOR FORMER PATIENTS OF CURRY COMMUNITY HEALTH, INC., DUE TO A DECLINE IN STATE & LOCAL FUNDING. FREEDOM HEALTHCARE WILL ALSO PROVIDE SUCH SERVICES TO RURAL UNDERSERVED AREAS.

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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 $0

Program Service Revenue $0

Investment Income $9,536

Other Revenue $6,913

TOTAL REVENUE $16,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $760,447

Fundraising Expenses $0

Program Expenses $270,350

Other Expenses $80,331

TOTAL EXPENSES $840,778

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,449	$606,466	-1.0%
Expenses	$840,778	$1,547,761	-0.5%
Net Income	$-824,329	$-941,295	-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

$566,706

Total Directors

$329,929

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH W DUKEK	PRESIDENTCEO	40.00	Officer Director	$292,417	$37,512	$329,929
CAROLE COOK	CFO	40.00	Officer	$213,083	$23,694	$236,777
LAUREN KNOX	SECRETARY	0.50	Officer Director	$0	$0	$0
MERIT DRAVEN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ED R CONYERS	FORMER SECRETARY	0.50	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
2024	$16,449	$840,778	$1,105,998	$-824,329
2023	$606,466	$1,547,761	$1,888,308	$-941,295
2022	$3,406,468	$3,982,794	$3,338,753	$-576,326
2021	$3,858,896	$495,699	$3,847,543	$3,363,197
2020	$50,001	$5,979	$57,148	$44,022

FREEDOM HEALTHCARE INC