LIBERTAS SCHOOL OF MEMPHIS (EIN 464684942) - 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

2013

Legal Domicile

Principal Officer

BOB NARDO

Phone

9016093611

Tax Period

2024-07-01 to 2025-06-30

LIBERTAS SCHOOL OF MEMPHIS, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $11.3M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.1M, a strong 18% operating margin.

Mission

OUR MISSION IS TO BE A SCHOOL FOR HUMAN FLOURISHING: CULTIVATING THE MINDS, HANDS, AND HEARTS OF CHILDREN IN MEMPHIS FOR LIVES OF WONDER, WORK, AND LOVE.

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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 $11,053,104

Program Service Revenue $121,393

Investment Income $107,426

Other Revenue $0

TOTAL REVENUE $11,281,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,420,563

Fundraising Expenses $118,180

Program Expenses $7,381,630

Other Expenses $2,790,380

TOTAL EXPENSES $9,210,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,281,923	$9,901,817	+0.1%
Expenses	$9,210,943	$7,934,063	+0.2%
Net Income	$2,070,980	$1,967,754	+0.1%

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

151

Volunteers

268

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

$157,655

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW BOORD	TREASURER	1.00	Officer Director	$0	$0	$0
VINESSA BROWN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
FRANCIS GINSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMESHA HAYES	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON LESLIE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARKISE ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLISSA SHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB NARDO	EXECUTIVE DIRECTOR	40.00	Officer	$140,533	$17,122	$157,655

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	$11,281,923	$9,210,943	$20,756,157	$2,070,980
2024	$9,901,817	$7,934,063	$16,601,577	$1,967,754
2023	$8,604,205	$6,594,656	$15,206,221	$2,009,549
2022	$8,168,414	$6,045,696	$8,020,601	$2,122,718
2021	$7,841,266	$5,790,451	$4,876,341	$2,050,815
2019	$4,798,547	$4,366,418	$1,657,212	$432,129
2018	$3,507,523	$3,368,801	$1,385,063	$138,722

LIBERTAS SCHOOL OF MEMPHIS