Liberty Common School

EIN: 841404585 501(c)(3) Education

Fort Collins, CO

Total Revenue
$25,108,489
Total Expenses
$23,797,012
Total Assets
$19,788,714
Net Assets
$-5,872,504
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
CO
Principal Officer
Michael Hofinger
Phone
9704829800
Tax Period
2024-07-01 to 2025-06-30

Liberty Common School, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $25.1M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $23.8M left a modest 5% surplus.

Mission

The mission of Liberty is to provide excellence and fairness in education for school children through a common foundation by successfully teaching a contextual body of organized knowledge, the skills of learning including higher order thinking, and the values of a democratic society. Liberty recognizes the value of inclusiveness, or providing access to a broad cross-section of the community, so that students from all backgrounds can benefit from Liberty's educational offering. Liberty acknowledges the leadership of teachers in the classroom, and recognizes the responsibility of each student for his/her academic effort.

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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 $2,148,843
Program Service Revenue $22,414,223
Investment Income $521,014
Other Revenue $24,409
TOTAL REVENUE $25,108,489

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,636,370
Fundraising Expenses $0
Program Expenses $20,593,161
Other Expenses $7,160,642
TOTAL EXPENSES $23,797,012

Year-over-Year Comparison

2024 2023 Change
Revenue $25,108,489 $20,934,720 +0.2%
Expenses $23,797,012 $20,781,532 +0.1%
Net Income $1,311,477 $153,188 +7.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
354
Volunteers
1378

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
11
$1,168,369
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matt Raile Member 4.00
Director
$0 $0 $0
Peter Conrad Treasurer 4.00
Officer Director
$0 $0 $0
Hannah Ebben Member 4.00
Director
$0 $0 $0
Patrick Albright BOD President 4.00
Officer Director
$0 $0 $0
Elizabeth Timpe BOD Vice President 4.00
Officer Director
$0 $0 $0
Raven Banning Secretary 4.00
Officer Director
$0 $0 $0
Michell Duncan Member 4.00
Director
$0 $0 $0
Bob Schaffer Headmaster 15.00
Officer
$222,131 $65,151 $287,282
Sandy Stoltzfus Principal 4.00
Officer
$127,378 $40,835 $168,213
Robert Robinson Principal 4.00
Officer
$101,506 $38,270 $139,776
Keith Churchill Principal 4.00
Officer
$112,910 $41,588 $154,498
Noelle Currell Director of Finance 4.00
Officer
$110,100 $28,077 $138,177
Sean Lewis Director of IT 4.00
Officer
$115,229 $28,591 $143,820
Beverly Hanawalt Director of Operations 4.00
Officer
$100,516 $36,087 $136,603
Torgun Lovely Teacher 1.00
Highest
$100,738 $34,463 $135,201
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 $25,108,489 $23,797,012 $19,788,714 $1,311,477
2024 No data No data No data No data
2023 $17,573,774 $18,331,982 $14,313,083 $-758,208
2022 $14,074,007 $10,311,528 $12,052,386 $3,762,479
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