EDUCATION FREEDOM ALABAMA (EIN 861722407) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

ANDREW RYAN

Phone

2052067808

Tax Period

2022-07-01 to 2023-06-30

Education Freedom Alabama, founded in 2021, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2021. Expenses of $2.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO EMPOWER FAMILIES TO CHOOSE THE SCHOOL THAT BEST FITS THEIR CHILD'S UNIQUE EDUCATIONAL NEEDS. WE PROVIDE SCHOLARSHIPS TO LOW-INCOME, K-12 CHILDREN WHO ARE NOT SUCCEEDING IN THEIR CURRENT ENVIRONMENT. SCHOLARSHIPS ARE FUNDED BY THE DONATION OF CORPORATE AND INDIVIDUAL ALABAMA INCOME TAX LIABILITY. EVERY ALABAMA CHILD HAS AN EQUAL OPPORTUNITY TO A QUALITY EDUCATION, WHICH CAN ONLY OCCUR WHEN EDUCATORS AND LOCAL COMMUNITIES ARE EMPOWERED TO CREATE DIVERSE LEARNING OPTIONS AND ALL PARENTS ARE EMPOWERED TO MATCH THEIR CHILDREN TO THE LEARNING OPTION THAT BEST MEETS THEIR NEEDS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $7,106,923

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,106,923

Expense Breakdown

Grants Paid $4,500,464

Salaries & Benefits $210,049

Fundraising Expenses $47,225

Program Expenses $4,681,084

Other Expenses $152,003

TOTAL EXPENSES $4,862,516

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,106,923	$2,287,101	+2.1%
Expenses	$4,862,516	$1,976,712	+1.5%
Net Income	$2,244,407	$310,389	+6.2%

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

$95,033

Total Directors

$95,311

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW RYAN	EXECUTIVE DI	40.00	Officer Director	$93,938	$1,095	$95,033
JULIE BENZ	TREASURER	1.00	Director	$278	$0	$278
LESLEY SEARCY	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$7,106,923	$4,862,516	$6,545,008	$2,244,407
2022	$2,287,101	$1,976,712	$4,298,607	$310,389
2021	$2,182,344	$2,529,309	$3,993,380	$-346,965

EDUCATION FREEDOM ALABAMA