FREEDOM RIVER 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

JEFFREY YEAKEY

Phone

7342310324

Tax Period

2025-01-01 to 2025-12-31

FREEDOM RIVER INC, founded in 2022, is a community nonprofit in the Public & Societal Benefit sector that reported $1.8M in total revenue in fiscal year 2025. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 83% operating margin.

Mission

FREEDOM RIVER PROVIDES COMPREHENSIVE OUTDOOR RECREATION PROGRAMS THAT ASSIST IN THE RE-ASSIMILATION OF U.S. MILITARY SERVICE MEMBERS, VETERANS,& THEIR FAMILIES. WE ARE VETERANS HELPING VETERANS BY BLDG STRONG COMMUNITY THROUGH OUTDOOR RECREATION WHERE FREEDOM FLOWS.

Program Service Accomplishments

Program 1

Expenses: $63,772

FREEDOM RIVER PROVIDES COMPREHENSIVE OUTDOOR RECREATION PROGRAMS THAT ASSIST IN THE RE- ASSIMILATION OF U.S. MILITARY SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES. WE PROVIDE A PEACEFUL PLACE TO...

FREEDOM RIVER PROVIDES COMPREHENSIVE OUTDOOR RECREATION PROGRAMS THAT ASSIST IN THE RE- ASSIMILATION OF U.S. MILITARY SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES. WE PROVIDE A PEACEFUL PLACE TO RELAX, RECOVER, AND REJUVENATE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,518,381

Program Service Revenue $0

Investment Income $88,855

Other Revenue $158,588

TOTAL REVENUE $1,765,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,213

Fundraising Expenses $41,757

Program Expenses $63,772

Other Expenses $230,955

TOTAL EXPENSES $301,168

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,765,824	$5,647,749	-0.7%
Expenses	$301,168	$266,782	+0.1%
Net Income	$1,464,656	$5,380,967	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY YEAKEY	PRESIDENT	20.00	Officer Director	$0	$0	$0
KEN MICHALAK	TREASURER	2.00	Officer Director	$0	$0	$0
MIKE STAEBLER	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE HALLER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
BEVERLY CONATSER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOANNA HARDESTY	DIRECTOR	1.00	Director	$0	$0	$0
SEAN DUVAL	DIRECTOR	1.00	Director	$0	$0	$0
RON HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
NIKKI GRODUS	DIRECTOR	1.00	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
2025	$1,765,824	$301,168	$10,870,955	$1,464,656
2024	$5,632,845	$251,878	$9,261,715	$5,380,967
2023	$1,745,988	$118,183	$3,695,478	$1,627,805
2022	$2,076,451	$8,778	$2,068,075	$2,067,673