ARIZONA FREEDOM FOUNDATION

EIN: 863784512 501(c)(3)

GILBERT, AZ

Total Revenue
$328,840
Total Expenses
$321,910
Total Assets
$86,558
Net Assets
$86,038
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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
2025-01-01 to 2025-12-31

ARIZONA FREEDOM FOUNDATION, founded in 2021, is a small nonprofit that reported $329K in total revenue in fiscal year 2025. Revenue surged 25% from the prior year, signaling strong growth momentum.

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.

Program Service Accomplishments

Program 1
Expenses: $153,939

Independent News: The organization managed its website, azfreenews.com, which is made available free of charge. Website traffic exceeded 750,000 page views for the year. Free newsletter subscriptions...

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Independent News: The organization managed its website, azfreenews.com, which is made available free of charge. Website traffic exceeded 750,000 page views for the year. Free newsletter subscriptions also maintained at more than 18,000 subscribers. The content of the website is generated by freelance journalists and promoted primarily through social media channels, free email newsletters, and search engines.

Program 2
Expenses: $117,000

Investigative Journalism: The organization contracted with five freelance journalists during the year. These journalists wrote 914 original news stories on a wide array of topics related to...

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Investigative Journalism: The organization contracted with five freelance journalists during the year. These journalists wrote 914 original news stories on a wide array of topics related to Arizonamany of which often elude attention from mainstream commercial media outlets. In these stories, readers are provided with the pertinent facts to help them form their own opinions and conclusions.

Program 3
Expenses: $12,000

Research: The organization contracts with a Researcher on an ongoing basis. This person is responsible for initiating public records requests and doing other necessary research as needed for the...

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Research: The organization contracts with a Researcher on an ongoing basis. This person is responsible for initiating public records requests and doing other necessary research as needed for the journalists to ensure that they have the proper facts and documents. By performing these duties, the Researcher helps the journalists to be more efficient and focus on telling the stories that the people of Arizona need to hear. In 2025, the Researcher filed multiple public records requests to assist with these stories and assisted with research on dozens of stories and investigative pieces.

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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 (2025)

Revenue Breakdown

Contributions & Grants $328,840
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $328,840

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,800
Fundraising Expenses $19,306
Program Expenses $282,939
Other Expenses $230,110
TOTAL EXPENSES $321,910

Year-over-Year Comparison

2025 2024 Change
Revenue $328,840 $263,735 +0.2%
Expenses $321,910 $322,802 0.0%
Net Income $6,930 $-59,067 -1.1%
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

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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
$91,800
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
$91,800 $0 $91,800
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
2025 $328,840 $321,910 $86,558 $6,930
2024 $263,735 $322,802 $79,108 $-59,067
2023 $294,939 $316,420 $138,741 $-21,481
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