Libertas Network

EIN: 455254794 501(c)(3) Public & Societal Benefit

Lehi, UT

Total Revenue
$22,958,802
Total Expenses
$22,653,780
Total Assets
$12,759,452
Net Assets
$9,952,844
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
UT
Principal Officer
Connor Boyack
Phone
8019010310
Tax Period
2025-01-01 to 2025-12-31

Libertas Network, founded in 2011, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $23.0M in total revenue in fiscal year 2025. Revenue surged 52% from the prior year, signaling strong growth momentum.

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.

Program Service Accomplishments

Program 1
Expenses: $17,481,635 Revenue: $12,490,982

Our Tuttle Twins initiative and Libertas Institute, our think tank, provides books, curricula, and more to families to teach the ideas of freedom. We also partner with lawmakers and key stakeholders...

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Our Tuttle Twins initiative and Libertas Institute, our think tank, provides books, curricula, and more to families to teach the ideas of freedom. We also partner with lawmakers and key stakeholders to consider pro-freedom legislative reforms. Through our Action Coalition, we provide families across the country with opportunities to apply and engage with the ideas they've learned to make a difference in their communities.

Program 2
Expenses: $1,561,173 Revenue: $655,619

Our Kids Market Program empowers kids ages 5 to 17 to launch a small business and learn about free enterprise.

Program 3
Expenses: $577,977 Revenue: $173,320

Our Praxis program helps young adults secure employment without a college degree upon completion of our educational bootcamp.

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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 (2025)

Revenue Breakdown

Contributions & Grants $9,605,668
Program Service Revenue $13,320,222
Investment Income $10,629
Other Revenue $22,283
TOTAL REVENUE $22,958,802

Expense Breakdown

Grants Paid $50,200
Salaries & Benefits $4,687,380
Fundraising Expenses $1,556,694
Program Expenses $19,620,785
Other Expenses $17,900,957
TOTAL EXPENSES $22,653,780

Year-over-Year Comparison

2025 2024 Change
Revenue $22,958,802 $15,071,425 +0.5%
Expenses $22,653,780 $11,685,663 +0.9%
Net Income $305,022 $3,385,762 -0.9%
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
6
Independent Members
5
Employees
72
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
3
$713,674
Total Directors
5
$247,078
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chad Goote VP of Partnersh 40.00
Officer
$247,500 $9,900 $257,400
Connor Boyack Trustee/Pres. 40.00
Officer Director
$237,575 $9,503 $247,078
Kenneth Lauher N/A 40.00
$208,705 $7,020 $215,725
Michael Melendez Exec. Vice Pres 40.00
Officer
$201,150 $8,046 $209,196
Chad Thomas Tuttle Twins 40.00
$198,454 $0 $198,454
Mark Cunningham Communications 40.00
$157,901 $6,177 $164,078
Master Chipman Government Affairs 40.00
$122,825 $4,299 $127,124
Jorja Leavitt N/A 38.00
$108,392 $2,948 $111,340
Amandah Hendricks Development 40.00
$101,476 $0 $101,476
Charles Rickert Development 40.00
$100,400 $0 $100,400
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
2025 $22,958,802 $22,653,780 $12,759,452 $305,022
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
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