FREEDOM PROJECT (EIN 912129474) - 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

2006

Legal Domicile

Principal Officer

VIDAL VINCENT

Phone

2063255678

Tax Period

2023-01-01 to 2023-12-31

FREEDOM PROJECT, founded in 2006, is a community nonprofit in the Crime & Legal sector that reported $4.3M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $3.8M left a modest 12% surplus.

Mission

FREEDOM PROJECT WORKS ALONGSIDE THE COMMUNITY TO DISMANTLE SYSTEMS OF OPPRESSION AND HEAL FROM THE TRAUMATIC EFFECTS ON PEOPLE WHO ARE TARGETED AND IMPACTED BY INCARCERATION.

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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 $4,251,880

Program Service Revenue $0

Investment Income $7,999

Other Revenue $16,101

TOTAL REVENUE $4,275,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,492,203

Fundraising Expenses $1,745

Program Expenses $3,550,838

Other Expenses $1,287,631

TOTAL EXPENSES $3,779,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,275,980	$5,125,541	-0.2%
Expenses	$3,779,834	$3,697,232	+0.0%
Net Income	$496,146	$1,428,309	-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

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

$12,471

Total Directors

$12,471

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIDAL VINCENT	PRESIDENT	5.00	Officer Director	$12,471	$0	$12,471
CHANEL COLE	TREASURER	1.00	Officer Director	$0	$0	$0
PAMELA ORBACH	INTERIM SECRETARY	1.00	Officer Director	$0	$0	$0
EMILY WESTLAKE	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$4,275,980	$3,779,834	$2,860,111	$496,146
2023	$3,762,909	$3,774,728	$3,028,627	$-11,819
2022	$5,125,541	$3,697,232	$2,230,563	$1,428,309
2021	$3,690,803	$3,049,587	$1,216,921	$641,216
2020	$3,051,245	$2,927,204	$1,354,271	$124,041
2019	$261,829	$305,783	$19,795	$-43,954
2018	$226,605	$263,414	$13,874	$-36,809

FREEDOM PROJECT