LIBERTY LAUNCH ACADEMY FKA LIBERTY BOYS ACADEMY INC (EIN 843500281) - 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

2021

Legal Domicile

Principal Officer

LUCAS KJAR

Phone

8013308854

Tax Period

2023-07-01 to 2024-06-30

LIBERTY LAUNCH ACADEMY FKA LIBERTY BOYS ACADEMY INC, founded in 2021, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 141% operating deficit.

Mission

PRIVATE SCHOOL THAT OFFERS AN ALTERNATIVE TO PUBLIC EDUCATION, FOCUSING ON EXPERIENTIAL LEARNING, WHOLE CHILD DEVELOPMENT, AND PREPARING PRINCIPLED LEADERS FOR THE FUTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,563

Program Service Revenue $726,108

Investment Income $382,350

Other Revenue $37,289

TOTAL REVENUE $1,152,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,138,449

Fundraising Expenses $9,705

Program Expenses $2,193,619

Other Expenses $1,638,117

TOTAL EXPENSES $2,776,566

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,152,310	$1,983,992	-0.4%
Expenses	$2,776,566	$1,710,040	+0.6%
Net Income	$-1,624,256	$273,952	-6.9%

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

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

$100,878

Total Directors

$100,878

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCAS KJAR	PRESIDENT	10.00	Officer Director	$10,545	$36,000	$46,545
RHETT BARNEY	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
RUSS TUMAN	EXECUTIVE DIRECTOR OF SCHOOL	40.00	Officer Director	$54,333	$0	$54,333
PHILLIP KASSEL	FORMER EXECUTIVE DIRECTOR OF SCHOOL	40.00		$73,333	$0	$73,333

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	$1,152,310	$2,776,566	$5,147,582	$-1,624,256
2023	$6,072,040	$1,800,536	$6,610,583	$4,271,504

LIBERTY LAUNCH ACADEMY FKA LIBERTY BOYS ACADEMY INC