Liberty & Loyalty Foundation

Nonprofit profile at a glance

EIN
871005966
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Stephenville, TX, USA
Phone
8173662697
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Equestrian

Reported finances

Revenue
$674,306
Expenses
$589,508
Assets
$99,619
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • CHARLY CRAWFORD (President & CEO)

People named in this filing

  • CHARLY CRAWFORD (President & CEO)
  • TROY APPLEGATE (Treasurer)
  • KEITH MUNDEE (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Liberty and Loyalty Foundation is a non-profit 501c3 organization started by professional team roper Charly Crawford. LLF produces Western lifestyle events for veterans, retired and active service personnel, and first responders. Events promote leadership and teamwork while encouraging camaraderie, forming support systems and making memories. Through these events, opportunities for fund raising are utilized for charities that support the needs of our heroes.

What it reported doing in 2024

Liberty and Loyalty Foundation is a team roping school and event dedicated to thanking our military veterans and active-duty service members, first responders and their families. The week-long activities and events foster connections within the team roping clinic through the week and they are a big part of our closing event and celebration, the NFR Showdown. One way that we give back is to provide the participants with an unparalleled experience, roping with and watching the top team ropers in the world compete in an NFR setting that we have brought to the Fort Worth, Texas area. These events create a community that continues to grow each year. We work side by side with past participants and their families to put on these events. We hear countless stories about how they save up for and clear schedules so that they will not miss it year after year. This week long event allows them to detach from their highly stressful, extraordinarily difficult environments and come together with other people that understand, along with a roping community that loves and supports them. Lives change in this one week every year and it reminds us of our freedoms. These events are supported by various companies and it is the main fund raising opportunity of our organization. The 501c3 organization Building Homes for Heroes that provide mortgage free homes for our veterans was the recent fruit of our efforts.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 77% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 93
  • Accountability: 88
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.8%; rating input score 82
  • Program expense ratio: 92.6%; rating input score 93
  • Fundraising efficiency: $32.06 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 12.6%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 0.17; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 8.5% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 15.4% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 57.5% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 81.8% of revenue deployed · 92.6% of spending went to programs
  • Governance: 7 of 7 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $546K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 18 of 19 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules · includes grants
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.