FREEDOM PREPARATORY INC

EIN: 880962569 501(c)(3) Education

WICHITA, KS

Total Revenue
$591,486
Total Expenses
$618,019
Total Assets
$83,005
Net Assets
$83,005
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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
KS
Phone
3165183347
Tax Period
2024-07-01 to 2025-06-30

FREEDOM PREPARATORY INC, founded in 2022, is a small nonprofit in the Education sector that reported $591K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

TO PROMOTE EDUCATION IN THE STATE OF KANSAS

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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 $65,387
Program Service Revenue $524,830
Investment Income $3
Other Revenue $1,266
TOTAL REVENUE $591,486

Expense Breakdown

Grants Paid $0
Salaries & Benefits $409,089
Fundraising Expenses $2,162
Program Expenses $615,857
Other Expenses $204,771
TOTAL EXPENSES $618,019

Year-over-Year Comparison

2024 2023 Change
Revenue $591,486 $687,812 -0.1%
Expenses $618,019 $664,940 -0.1%
Net Income $-26,533 $22,872 -2.2%
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

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Governance

Voting Members
7
Independent Members
7
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
5
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH MCCOSH DIRECTOR 0.00
Officer Director
$0 $0 $0
PHIL GRAVES BOARD OF DIRECTORS 0.00
Director
$0 $0 $0
GERALD HICKS BOARD OF DIRECTORS 0.00
Director
$0 $0 $0
DAVID ENEGREN BOARD OF DIRECTORS 0.00
Director
$0 $0 $0
CLINT BONTRAGER TREASURER 0.00
Officer
$0 $0 $0
HEATHER ESKRIDGE VICE PRESIDENT 0.00
Officer
$0 $0 $0
MARCI LAFFEN SECRETARY 0.00
Officer
$0 $0 $0
RYAN SIMPSON PRESIDENT 0.00
Officer
$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 $591,486 $618,019 $83,005 $-26,533
2024 $687,812 $664,940 $109,539 $22,872
2022 $244,196 $225,744 $18,452 $18,452
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