PROJECT LIBERTY INSTITUTE (EIN 873213298) - 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

FRANK MCCOURT

Phone

3323302695

Tax Period

2024-01-01 to 2024-12-31

PROJECT LIBERTY INSTITUTE, founded in 2021, is a mid-sized nonprofit in the Science & Technology sector that reported $26.6M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20.5M, a strong 77% operating margin.

Mission

SEE PART III, LINE 1.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,928,013

Program Service Revenue $0

Investment Income $-196

Other Revenue $15,624,619

TOTAL REVENUE $26,552,436

Expense Breakdown

Grants Paid $285,000

Salaries & Benefits $1,903,720

Fundraising Expenses $86,918

Program Expenses $3,106,023

Other Expenses $3,879,371

TOTAL EXPENSES $6,068,091

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,552,436	$15,048,195	+0.8%
Expenses	$6,068,091	$9,401,973	-0.4%
Net Income	$20,484,345	$5,646,222	+2.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$61,744

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK MCCOURT	CHAIR	2.00	Officer Director	$0	$0	$0
MARIA CANCIAN	SECRETARY	0.05	Officer Director	$0	$0	$0
ALBERTO BEECK	DIRECTOR	0.25	Director	$0	$0	$0
JOSEPH RILEY	TREASURER	1.00	Officer	$0	$0	$0
TOMICAH TILLEMANN	PRESIDENT & CEO (SEE SCH O)	15.00	Officer	$0	$0	$0
KILA ENGLEBROOK - HEAD OF	OPS/OFCR (FROM 4/24) (SEE SCH O)	10.00	Officer	$53,609	$8,135	$61,744
JAMES BELL	HEAD OF STRATEGIC INSIGHTS	40.00	Highest	$346,115	$67,706	$413,821
ERIK SUHONEN - HEAD	OF ECOSYSTEM GROWTH (UNTIL 9/24)	40.00	Highest	$257,270	$37,640	$294,910
JESSICA THEODULE	RESEARCH MANAGER OF STRAT. INSIGHTS	40.00	Highest	$136,674	$46,306	$182,980
SARA WEKSELBLATT	FINANCE & HR SENIOR MANAGER	40.00	Highest	$134,511	$31,089	$165,600

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	$26,552,436	$6,068,091	$7,474,351	$20,484,345
2023	$15,048,195	$9,401,973	$6,240,925	$5,646,222
2022	$13,800,000	$39,098,768	$1,261,127	$-25,298,768
2021	$5,000,000	$4,700,000	$300,000	$300,000

PROJECT LIBERTY INSTITUTE