FREE BIKES 4 KIDZ (EIN 850780785) - 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

Milissa Rick

Phone

9524574858

Tax Period

2022-01-01 to 2022-12-31

FREE BIKES 4 KIDZ, founded in 2020, is a small nonprofit in the Youth Development sector that reported $308K in total revenue in fiscal year 2022. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $370K exceeded revenue, resulting in a 20% operating deficit.

Mission

Passionate about the wellbeing of children, Free Bikes 4 Kidz(R) brinbgs communities together to sustainably furnish bikes to kids in need, providing a pathway to health, happiness and opportunity.

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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 (2022)

Revenue Breakdown

Contributions & Grants $308,000

Program Service Revenue $0

Investment Income $20

Other Revenue $0

TOTAL REVENUE $308,020

Expense Breakdown

Grants Paid $220,435

Salaries & Benefits $120,091

Fundraising Expenses $40,067

Program Expenses $326,644

Other Expenses $29,766

TOTAL EXPENSES $370,292

Year-over-Year Comparison

	2022	2021	Change
Revenue	$308,020	$183,432	+0.7%
Expenses	$370,292	$111,724	+2.3%
Net Income	$-62,272	$71,708	-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

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

$90,998

Total Directors

$90,998

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terry Esau	Executive Director	40	Officer Director	$84,000	$6,998	$90,998
Milissa Rick	Chair	4	Officer Director	$0	$0	$0
Jeff Lundgren	Treasurer	4	Officer Director	$0	$0	$0
Chris Larson	Board Member	4	Director	$0	$0	$0
Marc Swiontkowski	Board Member	2	Director	$0	$0	$0
Brad Hosack	Board Member	2	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
2022	$308,020	$370,292	$39,261	$-62,272

FREE BIKES 4 KIDZ