Finding Freedom Inc

Nonprofit profile at a glance

EIN
823389364
IRS 990 coverage
2020–2020
Forms available
Form 990 2020, Form 990-N 2019
Location
Bozeman, MT, USA
Phone
4065707040
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Residential Mental Health Treatment

Reported finances

Revenue
$697,916
Expenses
$232,645
Assets
$999,727
Liabilities
$508,248

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • DR PETER HOLMES (Vice President)
  • DR TODD STEINMETZ (President)

Highest reported compensation

  • JENNIFER HOFER (Secretary): $46,250 total reported compensation
  • DR SUSAN WILLIAMS (Executive Dir.): $44,395 total reported compensation
  • DR PETER HOLMES (Vice President): $38,210 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Empowering people to grow with others into greater emotional, spiritual, and relational health.

What it reported doing in 2020

Life Skills SupportAs part of our holistic model of healing, we offer a variety of practical support. We see this as being vital in the journey of finding greater emotional, spiritual, and relational health. We support clients to learn together how to build interpersonal skills, encouraging them to make use of the safe space that our facilities provide to meet each other and discover the richness of community. We will often assist clients in learning and implementing better nutrition and exercise habits and a deeper love for their bodies. This support can also include helping people to manage their finances and learn a basic understanding of financial principles. All this is hugely beneficial in creating greater potential for well-being, breaking the cycles of loneliness and isolation.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 48
  • Transparency & Controls: 92
  • Accountability: 52
  • Sustainability: 70
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 26.1%; rating input score 26
  • Program expense ratio: 78.2%; rating input score 78
  • Fundraising efficiency: $33.93 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 10th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 66.7%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 4.3; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0.51; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 55.4%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 26.1% of revenue deployed · 78.2% of spending went to programs
  • Governance: 3 of 6 board members independent · 5 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $182K in reported program spending
  • Leadership: top reported pay $46K · 6 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 26/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.