LIBERATION FOUNDATION

EIN: 851447679 501(c)(3) Human Services

PHILADELPHIA, PA

Total Revenue
$571,796
Total Expenses
$48,370
Total Assets
$624,229
Net Assets
$624,229
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
PA
Principal Officer
TERRANCE LEWIS
Phone
8132449445
Tax Period
2023-01-01 to 2023-12-31

LIBERATION FOUNDATION, founded in 2020, is a small nonprofit in the Human Services sector that reported $572K in total revenue in fiscal year 2023. Revenue surged 793% from the prior year, signaling strong growth momentum. The organization ran a surplus of $523K, a strong 92% operating margin.

Mission

THE LIBERATION FOUNDATION (TLF), ALSO KNOWN AS THE TERRANCE LEWIS LIBERATION FOUNDATION (TLLF), WAS FOUNDED BY TERRANCE LEWIS, A WRONGFULLY CONVICTED JUVENILE LIFER FROM PHILADELPHIA IN 2020. TLF IS A NON-PROFIT ORGANIZATION DEDICATED TO ADVOCATING FOR WRONGFULLY CONVICTED PEOPLE WHO ARE SEEKING LEGAL REPRESENTATION. THE PRIMARY GOAL OF THE LIBERATION FOUNDATION IS TO SECURE JUSTICE AND FREEDOM FOR THE WRONGFULLY INCARCERATED THROUGH RESEARCH, INVESTIGATION, ADVOCACY AND SUPPORT WORK. IN ADDITION, TLF ASSISTS RETURNING CITIZENS WITH MENTORSHIP, RESOURCES AND REFERRALS BEFORE AND AFTER THEIR RELEASE THROUGH ITS PROJECT HOPE PROGRAM. TLF ALSO HAS THE BROADER MISSION OF ASSISTING WITH THE IMPLEMENTATION OF A REVAMPED, EQUITABLE, AND MORE COMPASSIONATE JUSTICE SYSTEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $571,796
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $571,796

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $42,540
Other Expenses $48,370
TOTAL EXPENSES $48,370

Year-over-Year Comparison

2023 2022 Change
Revenue $571,796 $64,057 +7.9%
Expenses $48,370 $27,507 +0.8%
Net Income $523,426 $36,550 +13.3%
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
11
Independent Members
11
Employees
N/A
Volunteers
11

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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRANCE LEWIS CHAIR 10.00
Officer Director
$0 $0 $0
CARSON ECKHARD VICE CHAIR 10.00
Officer Director
$0 $0 $0
SUZANNE RUSHING DIRECTOR 1.00
Director
$0 $0 $0
LAUREN BARROW DIRECTOR 1.00
Director
$0 $0 $0
KEVIN HARDEN JR DIRECTOR 1.00
Director
$0 $0 $0
BRANDON FLOOD DIRECTOR 1.00
Director
$0 $0 $0
JASON FLOM DIRECTOR 1.00
Director
$0 $0 $0
CELESTE TRUSTY DIRECTOR 1.00
Director
$0 $0 $0
DAVID LAIGAIE DIRECTOR 1.00
Director
$0 $0 $0
COLIN MILLER DIRECTOR 1.00
Director
$0 $0 $0
MIKE TWIGGS DIRECTOR 1.00
Director
$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
2023 $571,796 $48,370 $624,229 $523,426
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