JOIN FREEWORLD INC (EIN 854029841) - 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

JASON WANG

Phone

8134444049

Tax Period

2024-01-01 to 2024-12-31

JOIN FREEWORLD INC, founded in 2020, is a mid-sized nonprofit in the Crime & Legal sector that reported $10.7M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $13.6M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO END GENERATIONAL POVERTY AND RECIDIVISM.

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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 $10,302,879

Program Service Revenue $151,659

Investment Income $260,021

Other Revenue $0

TOTAL REVENUE $10,714,559

Expense Breakdown

Grants Paid $9,738,920

Salaries & Benefits $3,173,026

Fundraising Expenses $423,135

Program Expenses $12,280,230

Other Expenses $663,540

TOTAL EXPENSES $13,575,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,714,559	$8,060,069	+0.3%
Expenses	$13,575,486	$8,571,170	+0.6%
Net Income	$-2,860,927	$-511,101	+4.6%

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

$596,540

Total Directors

$313,834

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON WANG	FOUNDER & CEO	60.00	Officer Director	$313,285	$549	$313,834
BENJAMIN BECHTOLSHEIM	COO	50.00	Officer	$271,249	$11,457	$282,706
JONATHAN MICHAEL ROSS PATTON	ENGINEERING LEAD	40.00		$162,480	$3,108	$165,588
SHAWNA MAURIE CANADY	DIRECTOR	40.00		$145,961	$11,308	$157,269
JASON ANTHONY LONG	SENIOR ENGINEER	40.00		$127,400	$241	$127,641
MARC CULL	CTO	40.00		$121,010	$5,076	$126,086
MATTHEW BEDARD	SENIOR DEVELOPER	40.00		$114,662	$11,219	$125,881
JASON GREEN	BOARD CHAIR	10.00	Director	$0	$0	$0
ANDY BROMBERG	BOARD MEMBER	5.00	Director	$0	$0	$0
KUMAR GARG	BOARD MEMBER	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	$10,714,559	$13,575,486	$7,426,008	$-2,860,927
2023	$8,060,069	$8,571,170	$6,248,340	$-511,101
2022	$5,107,374	$2,863,324	$4,912,986	$2,244,050

JOIN FREEWORLD INC