FAMILIES SET FREE INC

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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

MICHAEL BRICKLEY

Phone

3023071895

Tax Period

2024-01-01 to 2024-12-31

FAMILIES SET FREE INC, founded in 2022, is a community nonprofit in the International Affairs sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 177% from the prior year, signaling strong growth momentum. The organization ran a surplus of $574K, a strong 20% operating margin.

Mission

ESTABLISHED TO RESCUE ENSLAVED FAMILIES WITHIN THE ISLAMIC REPUBLIC OF PAKISTAN BY FREEING THEM AND HELPING THEM REBUILD THEIR LIVES.

Program Service Accomplishments

Program 1

Expenses: $2,009,025

IN 2024, FAMILIES SET FREE RESCUED, RESETTLED AND RESTORED THE POOREST OF THE POOR FROM GENERATIONAL SLAVERY THROUGH PAYING OFF DEBT, PROVIDING FOOD AND HOUSING FOR NEWLY RELEASED SLAVES AND...

IN 2024, FAMILIES SET FREE RESCUED, RESETTLED AND RESTORED THE POOREST OF THE POOR FROM GENERATIONAL SLAVERY THROUGH PAYING OFF DEBT, PROVIDING FOOD AND HOUSING FOR NEWLY RELEASED SLAVES AND PROVIDING INCOME PRODUCING SKILLS AND BUSINESSES. FORMAL RESCUE OPERATIONS STARTED SEPTEMBER 2023 AND CONTINUES TO THIS DAY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,906,598

Program Service Revenue $0

Investment Income $18,747

Other Revenue $0

TOTAL REVENUE $2,925,345

Expense Breakdown

Grants Paid $1,973,345

Salaries & Benefits $231,963

Fundraising Expenses $305,777

Program Expenses $2,009,025

Other Expenses $146,482

TOTAL EXPENSES $2,351,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,925,345	$1,054,646	+1.8%
Expenses	$2,351,790	$280,765	+7.4%
Net Income	$573,555	$773,881	-0.3%

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

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
MICHAEL BRICKLEY	PRESIDENT	40.00	Officer Director	$0	$0	$0
BOB BRUMLEU	BOARD MEMBER	4.00	Director	$0	$0	$0
ROBERT BARKLEY	BOARD MEMBER	4.00	Director	$0	$0	$0
HAP KELLOGG	BOARD MEMBER	4.00	Director	$0	$0	$0
ROBERT A LEE	TREASURER	4.00	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
2024	$2,925,345	$2,351,790	$1,350,266	$573,555
2023	$1,054,646	$280,765	$776,046	$773,881