Patriot Academy/ Torch of Freedom Foundation 
The information on this page was last updated 3/18/2026. If you see errors or omissions, please email: [email protected]
Summary
INSPIRING LIBERTY From One Citizen to Another
Contact information
Mailing address:
Patriot Academy
PO Box 231
Fredericksburg, TX 78624
Website: www.patriotacademy.com
Phone: 512-515-3744
Email: [email protected]
Organization details
EIN: 742967066
CEO/President: Rick Green
Chairman: Rick Green
Board size: 4
Founder: Rick Green
Ruling year: 2002
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
We desire to help citizens become agents of positive change and to give them the tools they need to successfully engage in the political arena and other areas of the culture.
Mission statement
To equip and educate a generation of citizen leaders to champion the cause of freedom and truth in every sector of society, as we help restore our Constitutional Republic and the Biblical principles that cause a Nation to thrive.
Statement of faith
Articles
| 5/8/2026 | Watered Gardens, LifePath Christian Ministries Earn Highest Donor Confidence Score |
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Advocacy
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1029 of 1420 | 41 of 54 |
| Fund acquisition rating | | 468 of 1420 | 13 of 54 |
| Resource allocation rating | | 790 of 1420 | 36 of 54 |
| Asset utilization rating | | 1402 of 1421 | 54 of 54 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2024 | 2023 | 2022 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 4% | 2% | 2% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 3% | 1% | 2% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 95% | 67% | 66% | 79% | 12% | 58% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 7% | 3% | 2% | 3% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 5% | 33% | 34% | 21% | 88% | 42% |
| Operating ratios | Sector median | 2024 | 2023 | 2022 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 78% | 75% | 78% | 86% | 78% | 80% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 85% | 87% | 76% | 88% | 108% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 64% | 67% | 65% | 68% | 87% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 15% | 13% | 24% | 12% | -8% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 12% | 29% | 29% | 57% | 39% | -28% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 21% | 21% | 12% | 22% | 20% |
| Investing ratios | Sector median | 2024 | 2023 | 2022 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.06 | 0.65 | 0.68 | 0.55 | 1.75 | 3.41 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.24 | 9.58 | 24.75 | 3.71 | 1.04 | 1.04 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.99 | 6.25 | 16.91 | 2.05 | 1.81 | 3.55 |
| Liquidity ratios | Sector median | 2024 | 2023 | 2022 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 9.75 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.81 | 1.92 | 0.71 | 5.87 | 6.62 | 3.39 |
| Solvency ratios | Sector median | 2024 | 2023 | 2022 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 19% | 61% | 64% | 69% | 37% | 6% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 60% | 64% | 69% | 31% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 63% | 60% | 52% | 56% | 36% | 28% |
Financials
| Balance sheet | |||||
| Assets | 2024 | 2023 | 2022 | 2020 | 2019 |
| Cash | $591,360 | $239,862 | $1,388,409 | $595,460 | $241,626 |
| Receivables, inventories, prepaids | $258,957 | $0 | $0 | $0 | $0 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $850,317 | $239,862 | $1,388,409 | $595,460 | $241,626 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $7,293,809 | $5,634,903 | $3,580,983 | $19,741 | $9,310 |
| Other long-term assets | $0 | $61,166 | $184,858 | $1,170 | $0 |
| Total long-term assets | $7,293,809 | $5,696,069 | $3,765,841 | $20,911 | $9,310 |
| Total assets | $8,144,126 | $5,935,931 | $5,154,250 | $616,371 | $250,936 |
| Liabilities | 2024 | 2023 | 2022 | 2020 | 2019 |
| Payables and accrued expenses | $0 | $0 | $0 | $0 | $0 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $0 | $0 | $0 | $0 | $0 |
| Debt | $4,852,423 | $3,770,313 | $3,544,491 | $192,000 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $80,987 | $46,077 | $25,325 | $34,628 | $14,892 |
| Total long-term liabilities | $4,933,410 | $3,816,390 | $3,569,816 | $226,628 | $14,892 |
| Total liabilities | $4,933,410 | $3,816,390 | $3,569,816 | $226,628 | $14,892 |
| Net assets | 2024 | 2023 | 2022 | 2020 | 2019 |
| Without donor restrictions | $0 | $0 | $0 | $0 | $0 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $3,210,716 | $2,119,541 | $1,584,434 | $389,743 | $236,044 |
| Revenues and expenses | |||||
| Revenue | 2024 | 2023 | 2022 | 2020 | 2019 |
| Total contributions | $4,162,484 | $3,101,424 | $2,953,000 | $151,053 | $462,001 |
| Program service revenue | $811,386 | $1,460,280 | $691,727 | $1,016,991 | $298,230 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($9,884) | $19,370 | $220 | $0 | $0 |
| Other revenue | $1,278,474 | $88,564 | $103,076 | $65,455 | $30,319 |
| Total other revenue | $2,079,976 | $1,568,214 | $795,023 | $1,082,446 | $328,549 |
| Total revenue | $6,242,460 | $4,669,638 | $3,748,023 | $1,233,499 | $790,550 |
| Expenses | 2024 | 2023 | 2022 | 2020 | 2019 |
| Program services | $4,002,045 | $3,147,129 | $2,430,430 | $837,503 | $688,316 |
| Management and general | $1,137,509 | $840,384 | $336,080 | $242,297 | $168,257 |
| Fundraising | $171,731 | $68,501 | $73,766 | $0 | $0 |
| Total expenses | $5,311,285 | $4,056,014 | $2,840,276 | $1,079,800 | $856,573 |
| Change in net assets | 2024 | 2023 | 2022 | 2020 | 2019 |
| Surplus (deficit) | $931,175 | $613,624 | $907,747 | $153,699 | ($66,023) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $931,175 | $613,624 | $907,747 | $153,699 | ($66,023) |
Compensation
| Name | Title | Compensation |
| Rick Green | President | $156,292 |
| Kara Green | Vice President | $126,104 |
| Ashley Alexander | Dir. of Developmen | $120,000 |
| Trey Green | Executive Dir. | $83,104 |
| Nathan Macias | Former Executive Director | $39,333 |
Compensation data as of: 12/31/2024
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/18/2026. To update the information below, please email: [email protected]
History
In 1998, an enthusiastic young attorney named Rick Green was elected to the Texas House of Representatives.
Representative Green was a passionate conservative, but grew concerned by the lack of understanding and adherence to conservative principles he saw in his colleagues.
He quickly realized that the solution was not to change those in government, but to train up a new generation of conservative leaders.
He thought, "Why not create a program that combines hands-on political training with instruction in true conservative principles?"
Rick shared his idea with friends and leaders, and in 2000 they formed The Torch of Freedom Foundation...the first step in realizing their vision.
Members of the board began to lay the groundwork for Patriot Academy - Capitol Boot Camps, a weeklong summer program to train students in conservative principles and practical politics, with an emphasis on Godly character.
During this time, Rick joined WallBuilders, an organization dedicated to preserving America's Godly heritage. WallBuilders embraced Patriot Academy and sponsored it as an outstanding opportunity to raise up the next generation of Godly leaders in America.
The first Patriot Academy was held at the Texas State Capitol in 2003.
Students from around the nation were astounded by the interactive workshops, a mock-legislative session, and inspirational mentoring. The young people shared a deep desire to make a difference in their nation, but didn't know where to start.
They left understanding how to get involved and be a part of the future of their nation. (Read what students say about their experience at Patriot Academy)
Today, Patriot Academy Capitol Boot Camps is the premiere political training program in the nation. The PA leadership has experienced great joy as they have watched alumni apply what they learned.
Students of the Academy have gone on to serve as campaign consultants, pro-life activists, legislative staffers, candidates and elected officials.