Project Freedom Carolinas Inc (EIN 873662663) - 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

Phone

9809077742

Tax Period

2023-01-01 to 2023-12-31

Project Freedom Carolinas Inc, founded in 2021, is a small nonprofit in the Crime & Legal sector that reported $667K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $811K exceeded revenue, resulting in a 22% operating deficit.

Mission

Project Freedom was formed to address a critical unmet need for children and youth rescued from sex trafficking and sexual exploitation, including young mothers by partnering across our community to raise awareness on the immediate critical needs and to raise the needed funds to close these gaps. We liken it to being the jet fuel to the organizations on the frontlines fighting the fight to close these critical gaps. $750,000 has currently been raised and restricted to capital expenses for property, facilities, and equipment to create residential facilities for children and young mothers with children.

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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 (2023)

Revenue Breakdown

Contributions & Grants $634,030

Program Service Revenue $0

Investment Income $35,953

Other Revenue $-3,467

TOTAL REVENUE $666,516

Expense Breakdown

Grants Paid $541,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $803,144

Other Expenses $270,232

TOTAL EXPENSES $811,232

Year-over-Year Comparison

	2023	2022	Change
Revenue	$666,516	$1,136,794	-0.4%
Expenses	$811,232	$287,390	+1.8%
Net Income	$-144,716	$849,404	-1.2%

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

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
E Croston	President	10.00	Officer Director	$0	$0	$0
A Arciero	Secretary	10.00	Officer Director	$0	$0	$0
T Turner	Treasurer	10.00	Officer 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
2023	$666,516	$811,232	$699,451	$-144,716
2022	$1,136,794	$287,390	$847,024	$849,404

Project Freedom Carolinas Inc