VERITAS ACADEMY (EIN 262949017) - 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

2008

Legal Domicile

Phone

6514623894

Tax Period

2024-01-01 to 2024-12-31

VERITAS ACADEMY, founded in 2008, is a small nonprofit in the Mental Health sector that reported $646K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $570K left a modest 12% surplus.

Mission

Veritas Academy exists to provide a Christ-centered, classical education that equips students, both domestic and international, with wisdom, virtue, and excellence, preparing them to flourish in their unique callings.

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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 $275,769

Program Service Revenue $370,112

Investment Income $0

Other Revenue $0

TOTAL REVENUE $645,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $184,517

Fundraising Expenses $0

Program Expenses $569,507

Other Expenses $384,990

TOTAL EXPENSES $569,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$645,881	$732,644	-0.1%
Expenses	$569,507	$683,613	-0.2%
Net Income	$76,374	$49,031	+0.6%

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

N/A

Volunteers

N/A

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
Susie Brooks	President and Founding Member	60	Officer Director Key Emp	$0	$0	$0
Steven Brooks	Director of Spiritual Formation and Founding Member	60	Officer Director Key Emp	$0	$0	$0
Seraiah Brooks	Founding Member and Development Officer	40	Officer Key Emp	$0	$0	$0
Dakotak Shearer	Board Member	6	Officer	$0	$0	$0
Colin Gan	Board Member	6	Officer	$0	$0	$0
Donnell Bratton	Board Member	6	Officer	$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
2024	$645,881	$569,507	$8,793,396	$76,374
2024	No data	No data	No data	No data

VERITAS ACADEMY