LIBERTY LAUNCH ACADEMY FKA LIBERTY BOYS ACADEMY INC

EIN: 843500281 501(c)(3) Education

LIBERTY LAKE, WA

Total Revenue
$4,005,094
Total Expenses
$2,950,532
Total Assets
$8,198,022
Net Assets
$4,945,477
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
ID
Principal Officer
LUCAS KJAR
Phone
8013308854
Tax Period
2024-07-01 to 2025-06-30

LIBERTY LAUNCH ACADEMY FKA LIBERTY BOYS ACADEMY INC, founded in 2021, is a community nonprofit in the Education sector that reported $4.0M in total revenue in fiscal year 2024. Revenue surged 248% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 26% operating margin.

Mission

LIBERTY LAUNCH ACADEMY OFFERS A COMPELLING ALTERNATIVE TO PUBLIC EDUCATION, FOCUSING ON EXPERIENTIAL LEARNING, WHOLE CHILD DEVELOPMENT, AND PREPARING PRINCIPLED LEADERS FOR THE FUTURE.

Program Service Accomplishments

Program 1
Expenses: $2,472,799 Revenue: $1,715,659

SUCCESSFUL YEAR CREATING AND IMPLEMENTING AN IMMERSIVE CURRICULUM FOR GRADES K-9; CREATED AND IMPLEMENTED A SPORTS PROGRAM AS A SUPPLEMENTAL LEARNING INITIATIVE THAT SUPPORTS AND ENHANCES THE WHOLE...

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SUCCESSFUL YEAR CREATING AND IMPLEMENTING AN IMMERSIVE CURRICULUM FOR GRADES K-9; CREATED AND IMPLEMENTED A SPORTS PROGRAM AS A SUPPLEMENTAL LEARNING INITIATIVE THAT SUPPORTS AND ENHANCES THE WHOLE CHILD DEVELOPMENT

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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 $2,270,040
Program Service Revenue $1,253,563
Investment Income $462,096
Other Revenue $19,395
TOTAL REVENUE $4,005,094

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,248,017
Fundraising Expenses $0
Program Expenses $2,472,799
Other Expenses $1,702,515
TOTAL EXPENSES $2,950,532

Year-over-Year Comparison

2024 2023 Change
Revenue $4,005,094 $1,152,310 +2.5%
Expenses $2,950,532 $2,776,566 +0.1%
Net Income $1,054,562 $-1,624,256 -1.6%
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
5
Independent Members
5
Employees
44
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
3
$43,109
Total Directors
3
$43,109
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUCAS KJAR PRESIDENT 10.00
Officer Director
$11,809 $31,300 $43,109
RHETT BARNEY BOARD MEMBER 1.00
Officer Director
$0 $0 $0
JEREMIAH MARKS TREASURER 5.00
Officer Director
$0 $0 $0
RUSS TUMAN EXECUTIVE DIRECTOR OF SCHOOL 40.00
$21,667 $0 $21,667
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 $4,005,094 $2,950,532 $8,198,022 $1,054,562
2024 $1,152,310 $2,776,566 $5,147,582 $-1,624,256
2023 $6,072,040 $1,800,536 $6,610,583 $4,271,504
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