VERITAS ACADEMY

EIN: 201632745 501(c)(3) Education

AUSTIN, TX

Total Revenue
$9,480,000
Total Expenses
$8,100,758
Total Assets
$21,727,722
Net Assets
$9,745,987
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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
2004
Legal Domicile
TX
Principal Officer
CAMERON COOK
Phone
5128911673
Tax Period
2022-07-01 to 2023-06-30

VERITAS ACADEMY, founded in 2004, is a community nonprofit in the Education sector that reported $9.5M in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $8.1M left a modest 15% surplus.

Mission

VERITAS ACADEMY IS A CLASSICAL CHRISTIAN COLLABORATIVE SCHOOL PRIMARILY SERVING PRESCHOOL THROUGH 12TH GRADE STUDENTS FROM CHRISTIAN FAMILIES

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,837,583
Program Service Revenue $7,638,311
Investment Income $4,086
Other Revenue $20
TOTAL REVENUE $9,480,000

Expense Breakdown

Grants Paid $432,041
Salaries & Benefits $4,696,971
Fundraising Expenses $43,402
Program Expenses $6,185,471
Other Expenses $2,971,746
TOTAL EXPENSES $8,100,758

Year-over-Year Comparison

2022 2021 Change
Revenue $9,480,000 $7,504,873 +0.3%
Expenses $8,100,758 $7,165,302 +0.1%
Net Income $1,379,242 $339,571 +3.1%
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

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Governance

Voting Members
12
Independent Members
3
Employees
296
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
2
$19,275
Total Directors
12
$343,115
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEF FOWLER BOARD MEMBER/TRUSTEE/HEAD OF SCHOOL 50.00
Director
$167,944 $37,389 $205,333
STARRLA FOWLER BOARD MEMBER/TRUSTEE/SCHOOL HEAD 40.00
Director
$83,706 $0 $83,706
MOLLY INGRAM BOARD MEMBER 8.00
Officer Director
$10,890 $0 $10,890
ANDY KRONE BOARD CHAIR 16.00
Officer Director
$8,385 $0 $8,385
ELIZABETH HAGOOD BOARD SECRETARY 8.00
Director
$15,422 $0 $15,422
CLINT REGEN BOARD MEMBER 4.00
Director
$3,761 $0 $3,761
ELLEN SCHUKNECHT TRUSTEE 8.00
Director
$11,406 $0 $11,406
JORDAN VIMONT BOARD MEMBER 8.00
Director
$0 $0 $0
MONICA SCANTLEN BOARD MEMBER 4.00
Director
$2,462 $0 $2,462
BUCK MCLAMB BOARD MEMBER 2.00
Director
$1,750 $0 $1,750
ADAM ZIMEL BOARD MEMBER 2.00
Director
$0 $0 $0
NORMAN FURLEY BOARD MEMBER 2.00
Director
$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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $9,480,000 $8,100,758 $21,727,722 $1,379,242
2022 $7,504,873 $7,165,302 $19,478,165 $339,571
2021 $7,462,193 $6,368,468 $19,003,336 $1,093,725
2020 $5,688,437 $6,227,480 $18,834,548 $-539,043
2019 $5,541,481 $6,008,684 $19,122,198 $-467,203
2018 $5,401,493 $4,975,209 $19,229,923 $426,284
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