Libertas Network (EIN 455254794) - 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

2011

Legal Domicile

Principal Officer

Connor Boyack

Phone

8019010310

Tax Period

2024-01-01 to 2024-12-31

Libertas Network, founded in 2011, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $15.1M in total revenue in fiscal year 2024. The organization ran a surplus of $3.4M, a strong 22% operating margin.

Mission

Libertas Network is a family-facing association of initiatives that change hearts, minds, and laws to create a freer future. We do this through educational materials, events, training, public policy research and education, and more.

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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 $6,326,833

Program Service Revenue $7,593,424

Investment Income $1,151,168

Other Revenue $0

TOTAL REVENUE $15,071,425

Expense Breakdown

Grants Paid $87,450

Salaries & Benefits $2,892,699

Fundraising Expenses $984,247

Program Expenses $9,703,859

Other Expenses $8,620,091

TOTAL EXPENSES $11,685,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,071,425	$14,438,901	+0.0%
Expenses	$11,685,663	$12,940,142	-0.1%
Net Income	$3,385,762	$1,498,759	+1.3%

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

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

$502,246

Total Directors

$226,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Connor Boyack	Trustee/Pres.	40.00	Officer Director	$226,250	$0	$226,250
Chad Thomas	Chief Mrktg. Off.	40.00		$194,300	$0	$194,300
Michael Melendez	Exec. Vice Pres	40.00	Officer	$148,250	$0	$148,250
Chad Goote	VP of Partnersh	40.00	Officer	$127,746	$0	$127,746
Quentin Casperson	Marketing Manager	40.00		$114,700	$0	$114,700
Caden Rosenbaum	Policy Analyst	40.00		$104,700	$0	$104,700
John Pestana	Board Chairman	0.50	Director	$0	$0	$0
Andrea Golding	Trustee	0.50	Director	$0	$0	$0
Jeffrey Harmon	Trustee	0.50	Director	$0	$0	$0
Patrick Donohoe	Trustee	0.50	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	$15,071,425	$11,685,663	$12,539,647	$3,385,762
2023	$14,438,901	$12,940,142	$8,984,016	$1,498,759
2022	$13,904,104	$13,670,315	$5,187,688	$233,789
2021	$14,360,260	$11,862,357	$4,725,014	$2,497,903
2020	$9,088,402	$7,763,298	$2,202,040	$1,325,104

Libertas Network