THE VERITAS FORUM INC

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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

2006

Legal Domicile

Principal Officer

ANDREW SCHUMAN

Phone

6174912055

Tax Period

2024-07-01 to 2025-06-30

THE VERITAS FORUM INC, founded in 2006, is a community nonprofit in the Religion sector that reported $6.0M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $7.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO CREATE AND ENCOURAGE FORUMS, PRIMARILY ON UNIVERSITY CAMPUSES, THAT PUT THE CHRISTIAN FAITH IN DIALOGUE WITH OTHER BELIEFS AND INVITE PARTICIPANTS FROM ALL BACKGROUNDS TO PURSUE TRUTH TOGETHER.

Program Service Accomplishments

Program 1

Expenses: $5,213,596 Revenue: $516

THE VERITAS FORUM PUTS THE CHRISTIAN FAITH IN DIALOGUE WITH OTHER BELIEFS AND INVITES PARTICIPANTS FROM ALL BACKGROUNDS TO PURSUE TRUTH TOGETHER. WE COME ALONGSIDE STUDENTS, FACULTY, AND CAMPUS...

THE VERITAS FORUM PUTS THE CHRISTIAN FAITH IN DIALOGUE WITH OTHER BELIEFS AND INVITES PARTICIPANTS FROM ALL BACKGROUNDS TO PURSUE TRUTH TOGETHER. WE COME ALONGSIDE STUDENTS, FACULTY, AND CAMPUS MINISTERS TO HELP CREATE FORUMS ON UNIVERSITY CAMPUSES AROUND THE WORLD THAT INVITE INTELLECTUALLY CURIOUS STUDENTS AND SCHOLARS TO EXPLORE LIFE'S BIG IDEAS. IN SUPPORT OF THIS WORK, WE CONNECT, FORM, AND TRAIN NETWORKS OF STUDENTS AND FACULTY LEADERS WHO CARRY ON THE CONVERSATIONS THROUGH JOURNALS AND SCHOLARSHIP, AND WE EXTEND THE CONVERSATIONS TO GLOBAL AUDIENCES THROUGH DIGITAL MEDIA.

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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 $5,797,555

Program Service Revenue $516

Investment Income $163,268

Other Revenue $3,528

TOTAL REVENUE $5,964,867

Expense Breakdown

Grants Paid $200,356

Salaries & Benefits $3,623,343

Fundraising Expenses $1,087,571

Program Expenses $5,213,596

Other Expenses $3,136,412

TOTAL EXPENSES $6,960,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,964,867	$7,345,180	-0.2%
Expenses	$6,960,111	$5,983,268	+0.2%
Net Income	$-995,244	$1,361,912	-1.7%

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

1520

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

$385,796

Total Directors

$133,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW SCHUMAN	EXECUTIVE DIRECTOR	40	Officer	$344,458	$28,338	$372,796
MICHAEL LEE	CHIEF OPERATING OFFICER	40	Highest	$272,457	$0	$272,457
CAROL FAUSNAUGHT	VICE PRESIDENT OF DEVELOPMENT	40	Highest	$231,250	$0	$231,250
JARED DAUGHERTY	VICE PRESIDENT OF THE VERITAS SCHOLARS PROGRAM	40	Highest	$189,667	$0	$189,667
BETHANY JENKINS	VICE PRESIDENT OF MEDIA	40	Highest	$174,175	$9,084	$183,259
ASHLEY BYRD	VICE PRESIDENT, UNIVERSITY PARTNERS	40	Highest	$144,997	$25,404	$170,401
NATHAN HATCH	TRUSTEE	10	Director	$120,300	$0	$120,300
MARK CAMPISANO	SECRETARY	10	Officer Director	$13,000	$0	$13,000
TED CALLAHAN	TREASURER	2	Officer Director	$0	$0	$0
BEN CHELF	BOARD CHAIR	2	Officer Director	$0	$0	$0
GRACE NICOLETTE	TRUSTEE	2	Director	$0	$0	$0
ANDREA MCDANIEL SMITH	TRUSTEE	2	Director	$0	$0	$0
KEN MILLER	TRUSTEE	2	Director	$0	$0	$0
ANNIE TSAI	TRUSTEE	2	Director	$0	$0	$0
CULLEN BUIE	TRUSTEE	2	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	$5,964,867	$6,960,111	$5,450,688	$-995,244
2024	$7,345,180	$5,983,268	$6,248,073	$1,361,912
2023	$5,730,260	$6,412,736	$4,763,892	$-682,476
2022	$5,952,444	$4,494,075	$5,211,973	$1,458,369
2021	$3,531,628	$2,771,876	$3,821,584	$759,752
2020	$3,624,997	$2,685,357	$2,892,397	$939,640