The Freedom Institute Inc (EIN 852644215) - 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

Micah Espinoza

Phone

9707785558

Tax Period

2022-07-01 to 2023-06-30

The Freedom Institute Inc, founded in 2020, is a community nonprofit in the Crime & Legal sector that reported $1.5M in total revenue in fiscal year 2022. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 6% surplus.

Mission

The Freedom Institute exists to break the generational cycle of poverty and incarceration by rebuilding lives, restoring families and revitalizing communities.

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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 $1,135,212

Program Service Revenue $404,341

Investment Income $68

Other Revenue $4,555

TOTAL REVENUE $1,544,176

Expense Breakdown

Grants Paid $109,382

Salaries & Benefits $738,337

Fundraising Expenses $0

Program Expenses $1,424,131

Other Expenses $600,630

TOTAL EXPENSES $1,448,349

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,544,176	$967,201	+0.6%
Expenses	$1,448,349	$1,034,258	+0.4%
Net Income	$95,827	$-67,057	-2.4%

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

100

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

$82,000

Total Directors

$82,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Micah Espinoza	President/CEO	045.00	Officer Director	$82,000	$0	$82,000
William Page	Treasurer	001.00	Officer Director	$0	$0	$0
Tim Denning	Secretary	001.00	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	$1,544,176	$1,448,349	$285,703	$95,827
2022	$967,201	$1,034,258	$205,845	$-67,057
2021	$921,081	$604,434	$318,387	$316,647

The Freedom Institute Inc