VERITAS CHRISTIAN ACADEMY INC (EIN 223847447) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

ERIC THIESSEN

Phone

9735796333

Tax Period

2023-07-01 to 2024-06-30

VERITAS CHRISTIAN ACADEMY INC, founded in 2002, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $209K, a strong 21% operating margin.

Mission

TO TRAIN THE MINDS, DEVELOP THE CHRISTIAN CHARACTER, AND ENRICH THE SPIRITUAL LIVES OF IT'S STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $309,070

Program Service Revenue $551,275

Investment Income $5,687

Other Revenue $139,615

TOTAL REVENUE $1,005,647

Expense Breakdown

Grants Paid $71,950

Salaries & Benefits $433,207

Fundraising Expenses $0

Program Expenses $696,823

Other Expenses $291,525

TOTAL EXPENSES $796,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,005,647	$738,014	+0.4%
Expenses	$796,682	$848,047	-0.1%
Net Income	$208,965	$-110,033	-2.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC THIESSEN	PRESIDENT/TREASURER	5.00	Officer Director	$0	$0	$0
DAVID MARINE	VICE PRESIDENT/SECRETARY	5.00	Officer Director	$0	$0	$0
DAVID VANDERGROEF	PROJECT DEVELOPMENT	5.00	Director	$0	$0	$0
DENNIS DORRITY	TRUSTEE	5.00	Director	$0	$0	$0
TRISHA BAILEY	BOARD MEMBER	5.00	Director	$0	$0	$0
KURT GEWECKE	BOARD MEMBER	5.00	Director	$0	$0	$0
LISA KUPERUS	BOARD MEMBER	5.00	Director	$0	$0	$0
LEE OBERG	BOARD MEMBER	5.00	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	$1,005,647	$796,682	$347,274	$208,965
2023	$738,014	$848,047	$142,128	$-110,033
2022	$169,424	$769,081	$260,414	$-599,657
2021	$756,580	$736,018	$863,927	$20,562
2020	$759,398	$721,392	$839,657	$38,006
2019	$909,747	$961,824	$832,626	$-52,077

VERITAS CHRISTIAN ACADEMY INC