LIBERTY FOR THE KIDS (EIN 872923898) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

KENT GRUSENDORF

Phone

8172330033

Tax Period

2023-01-01 to 2023-12-31

LIBERTY FOR THE KIDS, founded in 2021, is a small nonprofit in the Education sector that reported $291K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $336K exceeded revenue, resulting in a 15% operating deficit.

Mission

IN ORDER TO IMPROVE PUBLIC EDUCATION AND MAXIMIZE EDUCATIONAL OPPORTUNITY FOR ALL CHILDREN, LIBERTY FOR THE KIDS [LFTK] WILL ACTIVELY PROMOTE AND ADVOCATE FOR EDUCATIONAL CHOICE, PUBLIC AND PRIVATE, FOR ALL TEXAS CHILDREN. LFTK WILL STRIVE TO EMPOWER ALL PARENTS REGARDLESS OF RACE, WEALTH, OR ZIP CODE, WITH THE RIGHT TO DETERMINE WHERE AND HOW THEIR CHILD CAN LEARN BEST.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $291,290

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $291,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,597

Program Expenses $331,403

Other Expenses $333,746

TOTAL EXPENSES $336,343

Year-over-Year Comparison

	2023	2022	Change
Revenue	$291,290	$520,458	-0.4%
Expenses	$336,343	$522,331	-0.4%
Net Income	$-45,053	$-1,873	+23.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLAN PARKER	DIRECTOR	1	Director	$0	$0	$0
ROD PAIGE	DIRECTOR	1	Director	$0	$0	$0
JIM WINDHAM	DIRECTOR	1	Director	$0	$0	$0
KENT GRUSENDORF	PRESIDENT/DIRECTOR	1	Officer	$0	$0	$0
DON MCDAMS	VICE PRESIDENT/DIRECTOR	1	Officer	$0	$0	$0
JOHN SHIELDS	SECRETARY/TREASURER/DIRECTOR	1	Officer	$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	$291,290	$336,343	$13,914	$-45,053
2022	$520,458	$522,331	$58,967	$-1,873

LIBERTY FOR THE KIDS