FREEDOM FARM CROSSROADS INC (EIN 863679081) - 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

AMY LUMPKIN

Phone

7064422018

Tax Period

2024-01-01 to 2024-12-31

FREEDOM FARM CROSSROADS INC, founded in 2021, is a small nonprofit in the Education sector that reported $318K in total revenue in fiscal year 2021. The organization ran a surplus of $288K, a strong 91% operating margin.

Mission

THE CORPORATION WILL PROVIDE AID TO YOUNG ADULTS WHO HAVE BEEN RAISED OUTSIDE OF THEIR BIOLOGICAL HOMES, WHO HAVE AGED OUT OF FOSTER CARE OR ARE IN CRISIS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $562,805

Program Service Revenue $1,475

Investment Income $7,347

Other Revenue $11,722

TOTAL REVENUE $583,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,758

Fundraising Expenses $13,258

Program Expenses $253,912

Other Expenses $233,814

TOTAL EXPENSES $341,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$583,349	$305,695	+0.9%
Expenses	$341,572	$243,927	+0.4%
Net Income	$241,777	$61,768	+2.9%

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

$63,946

Total Directors

$56,731

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTY MARCHETTI	BOARD MEMBER	20.00	Officer Director	$0	$0	$0
AMANDA NORRIS	SECRETARY	20.00	Officer Director	$31,346	$0	$31,346
ANJANETTE THOMAS	TREASURER	20.00	Officer Director	$0	$0	$0
AMY LUMPKIN	CHAIR	20.00	Officer Director	$25,385	$0	$25,385
WILLIAM CARSTENS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
LEE JERNINGAN	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
RICHARD CARAVANA	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
KATIE CLAMPIT	EXECUTIVE DIRECTOR	40.00	Officer	$7,215	$0	$7,215

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	$583,349	$341,572	$1,569,593	$241,777
2024	$583,349	$341,572	$1,569,593	$241,777
2023	$305,695	$243,927	$1,334,585	$61,768
2022	$1,200,267	$244,016	$1,282,842	$956,251
2021	$317,841	$29,389	$335,888	$288,452

FREEDOM FARM CROSSROADS INC