Freedom Equity Inc (EIN 882726911) - 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

Jennifer Averi Frost

Phone

6144847075

Tax Period

2023-01-01 to 2023-12-31

Freedom Equity Inc, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 214% from the prior year, signaling strong growth momentum. Expenses of $912K left a modest 14% surplus.

Mission

Community development financial institution that is an alternate lender for black-owned small businesses in Central Ohio to improve the accessibility and affordability of capital.

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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 $1,031,639

Program Service Revenue $0

Investment Income $23,277

Other Revenue $0

TOTAL REVENUE $1,054,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $493,011

Fundraising Expenses $63,711

Program Expenses $407,937

Other Expenses $403,978

TOTAL EXPENSES $912,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,054,916	$335,686	+2.1%
Expenses	$912,058	$363,311	+1.5%
Net Income	$142,858	$-27,625	-6.2%

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

N/A

Employees

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

$123,288

Total Directors

$232,929

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Averi Frost	Executive Dir.	40.00	Officer	$123,288	$0	$123,288
Aneeka Bashir	Director	40.00	Director	$79,345	$0	$79,345
Bismark Akomeah	Director	40.00	Director	$70,473	$0	$70,473
Vonisha Turner	Foundation Mgr.	40.00	Director	$52,500	$0	$52,500
Eric Williams	Director	40.00	Director	$16,251	$0	$16,251
John Banks	Foundation Mgr.	40.00	Director	$14,360	$0	$14,360

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	No data	No data	No data	No data
2023	$1,054,916	$912,058	$2,440,252	$142,858
2022	$335,686	$363,311	$167,650	$-27,625

Freedom Equity Inc