FREEWILL IMPACT FUND (EIN 861218871) - 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

2021

Legal Domicile

Principal Officer

JENNIFER XIA SPRADLING

Phone

5107717776

Tax Period

2024-01-01 to 2024-12-31

FREEWILL IMPACT FUND, founded in 2021, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $11.9M in total revenue in fiscal year 2024. Revenue surged 110% from the prior year, signaling strong growth momentum.

Mission

MAKING CHARITABLE NON-CASH GIVING TO NONPROFIT ORGANIZATIONS EASY.

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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 $11,891,225

Program Service Revenue $0

Investment Income $1,589

Other Revenue $0

TOTAL REVENUE $11,892,814

Expense Breakdown

Grants Paid $11,852,523

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,893,782

Other Expenses $41,787

TOTAL EXPENSES $11,894,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,892,814	$5,675,629	+1.1%
Expenses	$11,894,310	$5,676,278	+1.1%
Net Income	$-1,496	$-649	+1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER XIA SPRADLING	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHRYN ZEALAND	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN GOEDERT	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW NICK	CHIEF LEGAL OFFICER (THRU 12/17/24)	2.00	Officer	$0	$0	$0
CHARLES A BOREK	CHIEF LEGAL OFFICER	2.00	Officer	$0	$0	$0
ALLISON LEE	VP, LEGAL/COMPLIANCE (THRU 04/12/24)	3.00	Officer	$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	$11,892,814	$11,894,310	$1,024,177	$-1,496
2023	$5,675,629	$5,676,278	$1,588,016	$-649
2022	$2,503,817	$2,463,005	$453,861	$40,812
2021	$1,188,952	$1,189,052	$255,124	$-100

FREEWILL IMPACT FUND