FREEDOM VIRGINIA INC (EIN 851257540) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

RHENA HICKS

Phone

3144010501

Tax Period

2023-01-01 to 2023-12-31

FREEDOM VIRGINIA INC, founded in 2020, is a small nonprofit in the Public & Societal Benefit sector that reported $352K in total revenue in fiscal year 2020. The organization ran a surplus of $121K, a strong 34% operating margin.

Mission

FREEDOM VIRGINIA'S MISSION IS TO ADVANCE COMMON-SENSE SOLUTIONS THAT WILL ENSURE ALL OF VIRGINIA'S WORKING FAMILIES HAVE THE ECONOMIC SECURITY TO THRIVE.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,424,551

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,424,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $550,960

Fundraising Expenses $0

Program Expenses $5,115,481

Other Expenses $4,564,521

TOTAL EXPENSES $5,115,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,424,551	$1,355,000	+3.0%
Expenses	$5,115,481	$1,013,889	+4.0%
Net Income	$309,070	$341,111	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$94,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHENA HICKS	Executive Dir.	40.00	Officer	$94,000	$0	$94,000
JOSHUA COLE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIBEL RAMOS	BOARD MEMBER	1.00	Director	$0	$0	$0
CONNOR KISH	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$5,424,551	$5,115,481	$918,282	$309,070
2022	$1,355,000	$1,013,889	$609,212	$341,111
2021	$3,454,549	$3,307,442	$268,101	$147,107
2020	$352,100	$231,106	$120,994	$120,994

FREEDOM VIRGINIA INC