Freedom Scholars Learning Center Inc (EIN 853080927) - 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

Jeremy Smith

Phone

5857717347

Tax Period

2024-09-01 to 2025-08-31

Freedom Scholars Learning Center Inc, founded in 2020, is a small nonprofit in the Human Services sector that reported $366K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $438K exceeded revenue, resulting in a 20% operating deficit.

Mission

Safe place where children, youth and families can engage in a variety of learning.

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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 (2024)

Revenue Breakdown

Contributions & Grants $365,875

Program Service Revenue $0

Investment Income $351

Other Revenue $0

TOTAL REVENUE $366,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $324,114

Fundraising Expenses $7,973

Program Expenses $267,412

Other Expenses $113,585

TOTAL EXPENSES $437,699

Year-over-Year Comparison

	2024	2023	Change
Revenue	$366,226	$333,866	+0.1%
Expenses	$437,699	$329,718	+0.3%
Net Income	$-71,473	$4,148	-18.2%

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

$96,064

Total Directors

$22,025

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brittany Smith	President	0.20	Officer Director	$12,704	$0	$12,704
Joyce Duckles	Treasurer	5.00	Officer Director	$0	$0	$0
Leslie Newman	Secretary	0.20	Officer Director	$0	$0	$0
Thomas Cuyler	Board Member	0.20	Director	$0	$0	$0
Brandon White	Board Member	0.20	Director	$9,321	$0	$9,321
Dr Margaret Brazwell	Board Member	0.20	Director	$0	$0	$0
Doreen Young	Board Member	0.20	Director	$0	$0	$0
Jeremy Smith	Executive Director	40.00	Officer	$83,360	$0	$83,360

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
2025	$366,226	$437,699	$90,289	$-71,473
2024	$333,866	$329,718	$296,249	$4,148
2023	$223,940	$103,243	$142,177	$120,697

Freedom Scholars Learning Center Inc