FREEDOM FARM INC

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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

CATHERIN J WOOD

Phone

2052337722

Tax Period

2025-01-01 to 2025-12-31

FREEDOM FARM INC, founded in 2020, is a community nonprofit in the Housing & Shelter sector that reported $3.1M in total revenue in fiscal year 2025. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.9M, a strong 61% operating margin.

Mission

FREEDOM FARM EXIST TO PROVIDE GUIDANCE, TRAINING, HOPE AND LOVE TO ABANDONED AND AT RISK CHILDREN BY PROVIDING THEM CARE AND SHELTER IN NURTUING SAFE HOMES IN A CHRISTIAN ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $1,206,831

FREEDOM FARM EXIST TO PROVIDE GUIDANCE, TRAINING, HOPE AND LOVE TO ABANDONED AND AT RISK CHILDREN BY PROVIDING THEM CARE AND SHELTER IN NURTUING SAFE HOMES IN A CHRISTIAN ENVIRONMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,861,199

Program Service Revenue $0

Investment Income $222,746

Other Revenue $163

TOTAL REVENUE $3,084,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $437,998

Fundraising Expenses $0

Program Expenses $1,206,831

Other Expenses $768,833

TOTAL EXPENSES $1,206,831

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,084,108	$5,724,814	-0.5%
Expenses	$1,206,831	$688,268	+0.8%
Net Income	$1,877,277	$5,036,546	-0.6%

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

$102,744

Total Directors

$2,044

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERIN J WOOD	EXECUTIVE DI	40.00	Officer	$100,700	$0	$100,700
SHAYLA SMITH	MEMBER	1.00	Officer Director	$2,044	$0	$2,044
RICHARD BURCH	MEMBER	2.00	Officer Director	$0	$0	$0
WELDON COLE	MEMBER	2.00	Officer Director	$0	$0	$0
TRACY COMAS	MEMBER	2.00	Officer Director	$0	$0	$0
SUSAN CORK	MEMBER	2.00	Officer Director	$0	$0	$0
JHEOVANNY GOMEZ	MEMBER	2.00	Officer Director	$0	$0	$0
CHAD GORE	MEMBER	2.00	Officer Director	$0	$0	$0
JENNIFER HART	MEMBER	2.00	Officer Director	$0	$0	$0
BECCI HAUSER	MEMBER	2.00	Officer Director	$0	$0	$0
WILL HEWSON	MEMBER	2.00	Officer Director	$0	$0	$0
KELLIE HUBBARD	MEMBER	2.00	Officer Director	$0	$0	$0
TONY JOHNSON	MEMBER	2.00	Officer Director	$0	$0	$0
CHARLES NASH	MEMBER	2.00	Officer Director	$0	$0	$0
RANDY PERKINS	MEMBER	2.00	Officer Director	$0	$0	$0
AARON SINCROFT	MEMBER	2.00	Officer Director	$0	$0	$0
MARK SULLIVAN	MEMBER	2.00	Officer Director	$0	$0	$0
MATT TOMPKINS	MEMBER	2.00	Officer Director	$0	$0	$0
JOHN O WAITS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JIMMY WARREN	MEMBER	2.00	Officer Director	$0	$0	$0
TERRY WATERS	MEMBER	2.00	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
2025	$3,084,108	$1,206,831	$11,552,095	$1,877,277
2024	No data	No data	No data	No data
2023	$4,346,237	$241,348	$4,322,146	$4,104,889