LIBERTY INITIATIVE FUND

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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

2011

Legal Domicile

Principal Officer

PAUL JACOB

Phone

7034921776

Tax Period

2023-01-01 to 2023-12-31

LIBERTY INITIATIVE FUND, founded in 2011, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 41% operating margin.

Mission

LIBERTY INITIATIVE FUND PROMOTES GOVERNMENTAL ACCOUNTABILITY AND PROTECTS PERSONAL AND ECONOMIC FREEDOM PRIMARILY BY ADVOCATING FOR CITIZEN INITIATIVES AND OTHER BALLOT MEASURES THAT SUPPORT LIBERTY AND OPPOSING THOSE BALLOT MEASURES THAT REDUCE LIBERTY AND GOVERNMENTAL ACCOUNTABILITY.

Program Service Accomplishments

Program 1

Expenses: $1,790,100

IN 2023, LIBERTY INITIATIVE FUND WORKED WITH AN ARIZONA POLITICAL COMMITTEE TO ACTIVATE SUPPORT FOR TWO BALLOT MEASURES - BACK THE BLUE AND KIDS ARE NOT FOR SALE - WHICH THE LEGISLATURE PLACED ON THE 2024 BALLOT AS PROPOSITIONS 311 AND 313.LIBERTY INITIATIVE FUND ALSO WORKED WITH CITIZEN-ONLY VOTING ACTIVISTS AND STATE LEGISLATORS TO PROMOTE CITIZEN ONLY VOTING AMENDMENTS IN THE FOLLOWING 14 STATES: ARKANSAS, IDAHO, IOWA, KANSAS, KENTUCKY, MISSOURI, NEW YORK, NORTH CAROLINA, OKLAHOMA, SOUTH CAROLINA, SOUTH DAKOTA, TEXAS, WEST VIRGINIA AND WISCONSIN.ADDITIONALLY, LIBERTY INITIATIVE FUND CONTRIBUTED OVER $50,000 AND CONSIDERABLE ADVICE AND COUNSEL TO THE 2023 PETITION DRIVE THAT PLACED A CONGRESSIONAL AGE LIMIT MEASURE ON THE 2024 NORTH DAKOTA BALLOT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,086,123

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,086,123

Expense Breakdown

Grants Paid $85,000

Salaries & Benefits $0

Fundraising Expenses $22,836

Program Expenses $1,790,100

Other Expenses $1,745,414

TOTAL EXPENSES $1,830,414

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,086,123	$2,267,074	+0.4%
Expenses	$1,830,414	$5,209,973	-0.6%
Net Income	$1,255,709	$-2,942,899	-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

N/A

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
PAUL JACOB	PRESIDENT	20.00	Officer Director	$0	$0	$0
FRANK GILBERT	TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT TILLMAN	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$3,086,123	$1,830,414	$521,754	$1,255,709
2022	$2,267,074	$5,209,973	$8,535	$-2,942,899
2021	$3,241,019	$2,141,525	$2,339,095	$1,099,494
2020	$901,868	$812,960	$1,165,161	$88,908