ARIZONA FREEDOM FOUNDATION

EIN: 863784512 501(c)(3)

GILBERT, AZ

Total Revenue
$263,735
Total Expenses
$322,802
Total Assets
$79,108
Net Assets
$79,108
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
AZ
Principal Officer
ERIC PORTEOUS
Phone
6022288277
Tax Period
2024-01-01 to 2024-12-31

ARIZONA FREEDOM FOUNDATION, founded in 2021, is a small nonprofit that reported $264K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $323K exceeded revenue, resulting in a 22% operating deficit.

Mission

The Foundation's mission is to foster independent journalism and provide the general public with access to news, research and information not covered by traditional corporate media outlets. To that end, the Foundation operates AZ Free News (www.azfreenews.com), an online news site that offers reporting, analysis and occasional commentary on a wide array of local news stories in Arizona. Although some national and international news stories are compiled from reputable third party news sources (such as the Wall Street Journal), the site consists primarily of original local news content generated by journalists and analysts commissioned by the Foundation.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $263,735
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $263,735

Expense Breakdown

Grants Paid $0
Salaries & Benefits $85,200
Fundraising Expenses $17,755
Program Expenses $287,353
Other Expenses $237,602
TOTAL EXPENSES $322,802

Year-over-Year Comparison

2024 2023 Change
Revenue $263,735 $294,939 -0.1%
Expenses $322,802 $316,420 +0.0%
Net Income $-59,067 $-21,481 +1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
1
$85,200
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC PORTEOUS Executive Dir. 30.00
Officer
$85,200 $0 $85,200
TOM PATTERSON Director 1.00
Director
$0 $0 $0
SCOT MUSSI Director 1.00
Director
$0 $0 $0
VICKI VAUGHN Director 0.00
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 $263,735 $322,802 $79,108 $-59,067
2023 $294,939 $316,420 $138,741 $-21,481
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