FREEDOM FEST JC INC (EIN 874823041) - 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

2022

Legal Domicile

Principal Officer

NATHAN T BUTLER

Phone

7853078160

Tax Period

2023-01-01 to 2023-12-31

FREEDOM FEST JC INC, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $187K in total revenue in fiscal year 2023. Expenses of $226K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PLAN, ORGANIZE, AND EXECUTE COMMUNITY EVENTS AND CELEBRATIONS FOR THE CITIZENS AND RESIDENTS IN AND SURROUNDING GEARY COUNTY, KANSAS, INCLUDING, BUT NOT LIMITED TO, ANNUAL FOURTH OF JULY CELEBRATIONS

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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 $186,992

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $186,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $226,355

Other Expenses $226,355

TOTAL EXPENSES $226,355

Year-over-Year Comparison

	2023	2022	Change
Revenue	$186,992	$185,591	+0.0%
Expenses	$226,355	$154,606	+0.5%
Net Income	$-39,363	$30,985	-2.3%

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
NATHAN BUTLER	PRESIDENT	10.00	Officer Director	$0	$0	$0
BOB STORY	VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
ASHLEY KING	SECRETARY	3.00	Officer Director	$0	$0	$0
PATTY MAYCROFT	TREASURER	3.00	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	$186,992	$226,355	$1,622	$-39,363
2022	$185,591	$154,606	$30,985	$30,985

FREEDOM FEST JC INC