FREEDOM TO LIVE FOUNDATION

EIN: 954483664 501(c)(3) Employment

Carlsbad, CA

Total Revenue
$2,361
Total Expenses
$174,522
Total Assets
$11,844
Net Assets
$9,866
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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
2000
Legal Domicile
CA
Principal Officer
SIAN WELCH
Phone
7604459509
Tax Period
2022-11-01 to 2023-10-31

FREEDOM TO LIVE FOUNDATION, founded in 2000, is a micro nonprofit in the Employment sector that reported $2K in total revenue in fiscal year 2022. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $175K exceeded revenue, resulting in a 7292% operating deficit.

Mission

THIS ORGANIZATION FACILITATES A TRANSITIONAL PROGRAM FOR DISABLED INDVIDUALS TO TRANSFER FROM HOSPITALS AND OTHER MEDICAL INSTITUTIONS TO LIVING AT HOME

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,946
Program Service Revenue $0
Investment Income $0
Other Revenue $415
TOTAL REVENUE $2,361

Expense Breakdown

Grants Paid $0
Salaries & Benefits $59,487
Fundraising Expenses $8,840
Program Expenses $136,311
Other Expenses $115,035
TOTAL EXPENSES $174,522

Year-over-Year Comparison

2022 2021 Change
Revenue $2,361 $325,020 -1.0%
Expenses $174,522 $138,877 +0.3%
Net Income $-172,161 $186,143 -1.9%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
1
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
0
$0
Total Directors
1
$55,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SIAN WELCH PRESIDENT 40.00
Director
$55,000 $0 $55,000
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
2023 $2,361 $174,522 $11,844 $-172,161
2022 $325,020 $138,877 $203,241 $186,143
2018 $204,569 $211,627 $79,461 $-7,058
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