LIBERTY PREPARATORY CHRISTIAN ACADEMY INC

EIN: 264201622 501(c)(3) Education

MOORESVILLE, NC

Total Revenue
$4,630,272
Total Expenses
$3,952,989
Total Assets
$12,421,553
Net Assets
$8,291,757
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NC
Principal Officer
DOUG WEIR
Phone
7046603933
Tax Period
2024-06-01 to 2025-05-31

LIBERTY PREPARATORY CHRISTIAN ACADEMY INC, founded in 2008, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $4.0M left a modest 15% surplus.

Mission

TO INSPIRE STUDENTS TO DEVELOP AND MAINTAIN A STRONG SPIRITUAL FOUNDATION BASED ON FAITH IN GOD'S WORD. TO CREATE A BALANCE BETWEEN CLASSROOM TEACHING AND PARENT MENTORED STUDY TO ACHIEVE A COLLEGE PREPARATORY LEVEL OF ACADEMIC EXCELLENCE. TO CREATE AN ENVIRONMENT OF FELLOWSHIP AMOUNT STUDENTS WHERE CHARACTER AND INTEGRITY ARE SOUGHT AND HONORED AND TO ALLOW AMPLE OPPORTUNITY FOR MINISTRY IN THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $328,005
Program Service Revenue $4,124,963
Investment Income $118,943
Other Revenue $58,361
TOTAL REVENUE $4,630,272

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,386,004
Fundraising Expenses $4,229
Program Expenses $3,674,430
Other Expenses $1,562,756
TOTAL EXPENSES $3,952,989

Year-over-Year Comparison

2024 2023 Change
Revenue $4,630,272 $3,953,088 +0.2%
Expenses $3,952,989 $3,246,118 +0.2%
Net Income $677,283 $706,970 0.0%
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

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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
6
Independent Members
6
Employees
76
Volunteers
100

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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUKE HESSELS BOARD MEMBER N/A
Director
$0 $0 $0
CRAIG RUSHING BOARD MEMBER N/A
Director
$0 $0 $0
ANDREW SHOTT BOARD MEMBER N/A
Director
$0 $0 $0
DEREK SLOCUM SECRETARY N/A
Officer Director
$0 $0 $0
DOUG WEIR CHAIRMAN N/A
Officer Director
$0 $0 $0
J B WHITFIELD BOARD MEMBER N/A
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 $4,630,272 $3,952,989 $12,421,553 $677,283
2024 $3,953,088 $3,246,118 $12,049,809 $706,970
2023 $3,785,902 $3,048,126 $11,528,324 $737,776
2022 $3,975,637 $2,681,304 $11,012,153 $1,294,333
2021 $2,669,219 $2,150,560 $9,851,406 $518,659
2020 $2,181,274 $1,688,263 $4,422,132 $493,011
2019 $3,365,755 $1,598,399 $3,941,888 $1,767,356
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