LIBERTY FOUNDATION INC

EIN: 721249256 501(c)(3) Community Improvement

NEW ORLEANS, LA

Total Revenue
$1,028,059
Total Expenses
$80,500
Total Assets
$3,605,579
Net Assets
$3,605,579
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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
1993
Legal Domicile
LA
Principal Officer
ALDEN J MCDONALD
Phone
5042405264
Tax Period
2024-01-01 to 2024-12-31

LIBERTY FOUNDATION INC, founded in 1993, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $948K, a strong 92% operating margin.

Mission

COMMUNITY IMPROVEMENT

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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 $1,000,000
Program Service Revenue $0
Investment Income $28,059
Other Revenue $0
TOTAL REVENUE $1,028,059

Expense Breakdown

Grants Paid $65,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $80,500
Other Expenses $15,500
TOTAL EXPENSES $80,500

Year-over-Year Comparison

2024 2023 Change
Revenue $1,028,059 $825,071 +0.2%
Expenses $80,500 $74,595 +0.1%
Net Income $947,559 $750,476 +0.3%
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

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Governance

Voting Members
2
Independent Members
2
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD BURNS VICE-PRESIDE N/A
Officer
$0 $0 $0
ALDEN J MCDONALD PRES/SEC'Y. N/A
Officer
$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 $1,028,059 $80,500 $3,605,579 $947,559
2023 $825,071 $74,595 $2,393,235 $750,476
2022 $172,140 $160,131 $1,352,388 $12,009
2021 $50,545 $82,500 $1,701,275 $-31,955
2020 $153,592 $74,728 $1,573,973 $78,864
2019 $161,746 $65,776 $1,241,003 $95,970
2018 $72,132 $150,279 $907,512 $-78,147
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