Freedmen Heirs Foundation Inc (EIN 853033433) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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

Phone

2024060500

Tax Period

2024-01-01 to 2024-12-31

Freedmen Heirs Foundation Inc, founded in 2020, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $463K in total revenue in fiscal year 2024. Revenue surged 150% from the prior year, signaling strong growth momentum. Expenses of $541K exceeded revenue, resulting in a 17% operating deficit.

Mission

Freedmen Heirs Foundation Inc., a nonprofit organization with a mission and vision to promote the prominence, profitability, and sustainability of Black farmers and landowners by providing technical assistance, access to capital, and new market entry. Freedmen Heirs Foundation is expediting change in the U.S. agriculture sector by bridging the gap between two worlds: Black farmers and the marketplace while creating economic and socially responsible opportunities.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $463,022

Program Service Revenue $0

Investment Income $66

Other Revenue $0

TOTAL REVENUE $463,088

Expense Breakdown

Grants Paid $54,075

Salaries & Benefits $367,343

Fundraising Expenses $0

Program Expenses $142,559

Other Expenses $119,464

TOTAL EXPENSES $540,882

Year-over-Year Comparison

	2024	2023	Change
Revenue	$463,088	$185,241	+1.5%
Expenses	$540,882	$371,176	+0.5%
Net Income	$-77,794	$-185,935	-0.6%

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

$165,050

Total Directors

$165,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Seanicaa Herron	Executive Dir.	40.00	Officer Director	$165,050	$0	$165,050
Ronald Rainey	Director	5.00	Director	$0	$0	$0
Kelee James	Director	5.00	Director	$0	$0	$0
Loutrina Staley	Director	5.00	Director	$0	$0	$0
Karl Binns	Director	5.00	Director	$0	$0	$0
Megan Rock	Director	5.00	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	$463,088	$540,882	$279,034	$-77,794
2022	$199,484	$201,721	$542,763	$-2,237
2021	$549,532	$4,532	$545,001	$545,000

Freedmen Heirs Foundation Inc