Released (EIN 923026199) - 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

2023

Legal Domicile

Principal Officer

Tracey Brown

Phone

3525659692

Tax Period

2024-07-01 to 2025-06-30

Released, founded in 2023, is a small nonprofit in the Crime & Legal sector that reported $308K in total revenue in fiscal year 2024. Revenue surged 956% from the prior year, signaling strong growth momentum. Expenses of $270K left a modest 12% surplus.

Mission

Released offers navigation and empowerment to the incarcerated, the newly released members of our society, and to their families.

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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 $307,763

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $307,763

Expense Breakdown

Grants Paid $10,209

Salaries & Benefits $192,793

Fundraising Expenses $4,431

Program Expenses $247,768

Other Expenses $67,291

TOTAL EXPENSES $270,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,763	$29,145	+9.6%
Expenses	$270,293	$13,569	+18.9%
Net Income	$37,470	$15,576	+1.4%

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

$20,142

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Emily Westerholm	Executive Director	40.00	Officer	$20,142	$0	$20,142
Tracey Brown	President	1.50	Officer Director	$0	$0	$0
Kevin Scott	Vice President	1.50	Officer Director	$0	$0	$0
Julius Irving	Board Member	1.50	Director	$0	$0	$0
Barbara Reardon	Secretary	1.50	Officer Director	$0	$0	$0
Michelle Smith	Board Member	1.50	Director	$0	$0	$0
Natalie Nandelstadt	Treasurer	1.50	Director	$0	$0	$0
Leigh Scott	Board Member	1.50	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	$307,763	$270,293	$52,560	$37,470

Released