Free At Last Properties Inc (EIN 943231343) - 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

1997

Legal Domicile

Principal Officer

Vicki Smothers

Phone

6504626999

Tax Period

2024-07-01 to 2025-06-30

Free At Last Properties Inc, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $139K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $49K, a strong 36% operating margin.

Mission

A Nonprofit Subsidiary Corporation organized and controlled by its parent corporation Free at Last Community Recovery and Rehabilitation Services Inc. To invest in real estate which supports the operations of the parent company.

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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 $0

Program Service Revenue $138,641

Investment Income $155

Other Revenue $0

TOTAL REVENUE $138,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,321

Fundraising Expenses $0

Program Expenses $52,071

Other Expenses $60,031

TOTAL EXPENSES $89,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,796	$153,993	-0.1%
Expenses	$89,352	$70,737	+0.3%
Net Income	$49,444	$83,256	-0.4%

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

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
Vicki Smothers	Board President	002.00	Director	$0	$0	$0
Dorsey Nunn	Vice President	002.00	Director	$0	$0	$0
Janet Thomas	Secretary	002.00	Director	$0	$0	$0
Jerome Walker	Treasure	002.00	Director	$0	$0	$0
Jose Capistran	General Board Member	002.00	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	$138,796	$89,352	$2,767,318	$49,444
2021	$179,211	$97,438	$2,365,176	$81,773

Free At Last Properties Inc