FIRST LIBERTY INSTITUTE (EIN 751403169) - 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

1972

Legal Domicile

Principal Officer

KELLY SHACKELFORD

Phone

9729414444

Tax Period

2024-07-01 to 2025-06-30

FIRST LIBERTY INSTITUTE, founded in 1972, is a mid-sized nonprofit in the Civil Rights & Advocacy sector that reported $29.3M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $26.4M left a modest 10% surplus.

Mission

FIRST LIBERTY INSTITUTE PROVIDES PRO BONO LEGAL SERVICES TO ADVANCE AND DEFEND RELIGIOUS LIBERTY FOR INDIVIDUALS, CHURCHES, AND OTHER MINISTRIES AND ORGANIZATIONS.

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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 $26,901,638

Program Service Revenue $1,900,359

Investment Income $528,479

Other Revenue $0

TOTAL REVENUE $29,330,476

Expense Breakdown

Grants Paid $154,918

Salaries & Benefits $13,583,275

Fundraising Expenses $3,063,535

Program Expenses $20,770,458

Other Expenses $12,399,792

TOTAL EXPENSES $26,422,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,330,476	$22,142,341	+0.3%
Expenses	$26,422,108	$24,763,979	+0.1%
Net Income	$2,908,368	$-2,621,638	-2.1%

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

113

Volunteers

150

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

$1,599,867

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM DUNN	VICE CHAIR EXEC COMM/BOARD MEMBER	1.00	Officer Director	$0	$0	$0
MARK COVER	CHAIR EXEC COMM/BOARD MEMBER	1.00	Officer Director	$0	$0	$0
AL ANGELL	EXEC COMM/BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES ROBERTSON	EXEC COMM/BOARD MEMBER	1.00	Director	$0	$0	$0
PAT CLINE	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH MUSE CARLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DALE BROWN	EXEC COMM/BOARD MEMBER/SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN BARTLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT DANIELS	BOARD MEMBER	1.00	Director	$0	$0	$0
JODY THORNTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY SHACKELFORD	PRESIDENT/CEO	55.00	Officer	$588,889	$38,153	$627,042
DAVID HOLMES	COO/CFO/EVP	55.00	Officer	$468,753	$38,890	$507,643
JEFF MATEER	CLO/EVP	55.00	Officer	$427,569	$37,613	$465,182
STEVE PURDUM	CHIEF DEVELOPMENT OFFICER	55.00	Highest	$196,067	$17,218	$213,285
HIRAM S SASSER	EXEC. GEN. COUNSEL	55.00	Highest	$300,905	$31,124	$332,029
DAVID HACKER	VP LITIGATION/SR. COUNSEL	55.00	Highest	$284,965	$34,236	$319,201
REBECCA DUMMERMUTH	COUNSEL	55.00	Highest	$258,186	$29,353	$287,539
JEREMY DYS	SENIOR COUNSEL	55.00	Highest	$201,462	$24,654	$226,116

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	$29,330,476	$26,422,108	$25,253,403	$2,908,368
2024	$22,142,341	$24,763,979	$22,659,438	$-2,621,638
2023	$24,336,900	$23,902,426	$24,695,679	$434,474
2022	$25,974,312	$19,847,586	$21,241,603	$6,126,726
2022	$25,974,312	$19,847,586	$21,241,603	$6,126,726
2021	$18,813,950	$14,742,679	$15,201,181	$4,071,271
2020	$14,810,344	$11,622,940	$11,084,882	$3,187,404

FIRST LIBERTY INSTITUTE