Freed People (EIN 883814746) - 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

Matt Shelton

Phone

8175841431

Tax Period

2024-01-01 to 2024-12-31

Freed People, founded in 2022, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $922K left a modest 11% surplus.

Mission

Freed People ignites hope by redeeming destinies and restoring families. Our faith leads us to believe there are no hopeless situations, only hopeless feelings Freed People supports organizations that rescue girls from sex trafficking , prosecutes traffickers, and assists in returning girls/people to society.

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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 $1,037,725

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,037,725

Expense Breakdown

Grants Paid $485,797

Salaries & Benefits $305,469

Fundraising Expenses $106,488

Program Expenses $647,480

Other Expenses $131,035

TOTAL EXPENSES $922,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,037,725	$825,413	+0.3%
Expenses	$922,301	$560,292	+0.6%
Net Income	$115,424	$265,121	-0.6%

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

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

$189,809

Total Directors

Key Employees

$97,616

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Shelton	President	40.00	Officer	$137,308	$0	$137,308
Carmen Shelton	Vice President	40.00	Officer	$47,077	$0	$47,077
David Bream	Treasurer	10.00	Officer	$5,424	$0	$5,424
Brent Teeter	Board Member	3.00	Director	$0	$0	$0
David Hargrave	Board Member	3.00	Director	$0	$0	$0
Michael Wroughton	Board Member	3.00	Director	$0	$0	$0
Steve Stone	Board Member	3.00	Director	$0	$0	$0
Brandy Zeigler	Employee	40.00	Key Emp	$58,385	$0	$58,385
Donald Williams	Employee	40.00	Key Emp	$39,231	$0	$39,231

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	No data	No data	No data	No data
2024	$1,037,725	$922,301	$411,893	$115,424
2023	$825,413	$560,292	$289,469	$265,121

Freed People