Civic Intelligence

Liberty High School

990 • Fiscal year 2024 • EIN 81-0862160

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 20, 2025

140 N Keowee StreetDayton, OH 45402

(330) 515-0572

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.40x

Higher debt load relative to assets than 75% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.53x

Higher debt load relative to revenue than 76% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$875

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

86th percentile

31%

Faster asset growth than 86% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,942,651

Up $1,629,302 (+31%) from 2023

Net Assets

Up

$4,175,776

Up $1,362,531 (+48%) from 2023

Liabilities

Up

$2,766,875

Up $266,771 (+11%) from 2023

Revenue

Up

$5,208,228

Up $513,273 (+11%) from 2023

Expenses

Up

$3,845,697

Up $300,214 (+8.5%) from 2023

Net Income

Up

$1,362,531

Up $213,059 (+19%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2018: $213,150Liabilities 2018: $449,041Net Assets 2018: -$235,8912018Assets 2019: $898,485Liabilities 2019: $1,105,314Net Assets 2019: -$206,8292019Assets 2020: $1,494,361Liabilities 2020: $1,318,140Net Assets 2020: $176,2212020Assets 2021: $2,335,943Liabilities 2021: $1,744,782Net Assets 2021: $591,1612021Assets 2022: $3,449,412Liabilities 2022: $1,785,639Net Assets 2022: $1,663,7732022Assets 2023: $5,313,349Liabilities 2023: $2,500,104Net Assets 2023: $2,813,2452023Assets 2024: $6,942,651Liabilities 2024: $2,766,875Net Assets 2024: $4,175,7762024Assets 2025: $8,340,591Liabilities 2025: $2,882,176Net Assets 2025: $5,458,4152025

Highlighted filing

2024

Assets$6,942,651
Liabilities$2,766,875
Net Assets$4,175,776

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $690,721Expenses 2018: $926,612Net Income 2018: -$235,8912018Revenue 2019: $1,468,658Expenses 2019: $1,439,596Net Income 2019: $29,0622019Revenue 2020: $2,576,057Expenses 2020: $2,193,007Net Income 2020: $383,0502020Revenue 2021: $3,175,897Expenses 2021: $2,760,957Net Income 2021: $414,9402021Revenue 2022: $4,083,889Expenses 2022: $3,011,277Net Income 2022: $1,072,6122022Revenue 2023: $4,694,955Expenses 2023: $3,545,483Net Income 2023: $1,149,4722023Revenue 2024: $5,208,228Expenses 2024: $3,845,697Net Income 2024: $1,362,5312024Revenue 2025: $5,628,568Expenses 2025: $4,345,929Net Income 2025: $1,282,6392025

Highlighted filing

2024

Revenue$5,208,228
Expenses$3,845,697
Net Income$1,362,531
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 20, 2025
Return Version
2023v6.0
Gross Receipts
$5,208,228
Mission and Program Overview

Mission

Liberty High School is a public charter school in a renovated facility that uses innovative academic strategies to engage students in the learning process. We are committed to meeting students where they are and then helping them work at their own pace to achieve academic and personal success.

Liberty High School is a public charter school in a newly renovated facility that uses innovative academic strategies to engage students in the learning process.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,457,800$5,216,135▲ $1,758,335
Land, Buildings, and Equipment, Net$514,319$613,963▲ $99,644
Accounts Receivable$155,672$64,047▼ $91,625
Pledges and Grants Receivable$155,945$46,016▼ $109,929
Prepaid Expenses and Deferred Charges$16,738$16,738→ $0
Total Assets$5,313,349$6,942,651▲ $1,629,302
Other Assets Total$1,012,875$985,752▼ $27,123
Liabilities
Other Liabilities$2,034,554$2,237,695▲ $203,141
Accounts Payable and Accrued Expenses$465,550$529,180▲ $63,630
Total Liabilities$2,500,104$2,766,875▲ $266,771
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,813,245$4,175,776▲ $1,362,531
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,813,245$4,175,776▲ $1,362,531
Total Liabilities and Net Assets / Fund Balance$5,313,349$6,942,651▲ $1,629,302

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$176,545$162,192$0
Other Land Buildings$132,722$242,895$0
Land$0-$0
Equipment$304,696$236,052$0
Leasehold Improvements$0$0$0
Other Assets Org$282,514--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Jessica HricovecBoard President$875$875
Owen SpaiteBoard Member$875$875
Jennifer YorkoBoard Member$750$750
Nicholas MannoBoard Member$750$750
Rob DemkoBoard Member$750$750
Judy TarrBoard Member$500$500

Highest Paid Contractors

ContractorServicesLocationCompensation
Oakmont EducationManagement ServicesN Cleveland Massillon Road, Fairlawn, OH 44334$2,362,330
Vaughn Investment CompanyInvestment Services140 North Keowee St, Ste A, Dayton, OH 45402$231,098
St Aloysius OrphanageSponsorship40 Hill Road South, Pickerington, OH 43147$126,535
Revenue and Support

Revenue Composition

Contributions and Grants
$5,208,228
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,208,228
Change in Net Assets
$1,362,531

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,208,228
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$5,208,228
Total Revenue per Form 990
$5,208,228
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,225,826
Salaries, Compensation, and Employee Benefits$1,619,871
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,197,783--$1,197,783
Fees for Services Management$859,032--$859,032
Other Employee Benefits$422,088--$422,088
Occupancy$372,040--$372,040
Fees for Services Other$207,999--$207,999
Depreciation Depletion$124,130--$124,130
Other Expenses$96,970$0$0$96,970
Advertising$54,258--$54,258
Fees for Services Accounting$46,791--$46,791
Fees for Services Legal-$26,456-$26,456
Insurance$23,806--$23,806
Interest$22,151--$22,151
All Other Expenses$8,995--$8,995
Total Functional Expenses$3,692,024$153,673$0$3,845,697

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,845,697
Total Expenses per Audited Statements$3,845,697
Total Expenses per Form 990$3,845,697
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$1,716,104
Deferred Inflows of Resources - OPEB$227,610
Net OPEB Liability$190,414
Deferred Inflows of Resources - Pension$88,449
NonCurrent Portion of Lease Liability$15,118
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The school contracted with a management company, Oakmont Education Group, to provide certain operational and management services.

Form 990, Part VI, Section B, Line 11B

The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Director's legal counsel for review. Once completed, it is provided to the Board President for review with a final signature and filing by the Treasurer.

Form 990, Part VI, Section B, Line 12C

The Board of Directors, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school ins continuously monitored by its sponsor to ensure compliance with laws and regulations.

Form 990, Part VI, Section C, Line 19

The school's governing documents, conflict of interest policy, and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.

Filing and Contact Details

Filer

Filer Name
Liberty High School
EIN
81-0862160
Address
140 N KEOWEE STREET, DAYTON, OH 45402

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2025-03-20

Organization Details

Principal Officer
C David Massa
Formed
2017
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0
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IRS990/PYContributionsGrantsAmt04694955
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01460382
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01149472
IRS990/PYSalariesCompEmpBnftPaidAmt02085101
IRS990/PYTotalExpensesAmt03545483
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04694955
IRS990/ReconcilationRevenueExpnssAmt01362531
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05208228
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05208228
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt04694955
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt04083889
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03175897
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt02576057
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt019739026
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01
IRS990ScheduleA/PublicSupportPY509Pct01
IRS990ScheduleA/PublicSupportTotal509Amt019739026
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05208228
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt04694955
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04083889
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03175897
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02576057
IRS990ScheduleA/Total509Grp/TotalAmt019739026
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05208228
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04694955
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04083889
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03175897
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02576057
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt019739026
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0176545
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0162192
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0338737
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0304696
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0236052
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0540748
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03845697
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt091651
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1611587
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2282514
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources - Pension
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deferred Outflows of Resources - OPEB
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0132722
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0242895
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0375617
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015118
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11716104
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2190414
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt388449
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4227610
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NonCurrent Portion of Lease Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of Resources - Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Deferred Inflows of Resources - OPEB
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05208228
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0613963
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0985752
IRS990ScheduleD/TotalExpensesPerForm990Amt03845697
IRS990ScheduleD/TotalLiabilityAmt02237695
IRS990ScheduleD/TotalRevenuePerForm990Amt05208228
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05208228
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03845697
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Posted on the school's website.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school contracted with a management company, Oakmont Education Group, to provide certain operational and management services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared and reviewed by the fiscal officer. After the review of the Form 990, it is provided to the Board of Director's legal counsel for review. Once completed, it is provided to the Board President for review with a final signature and filing by the Treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school ins continuously monitored by its sponsor to ensure compliance with laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The school's governing documents, conflict of interest policy, and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

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