Veritas International University (EIN 263664845) - 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

Principal Officer

JOSEPH HOLDEN CEO

Phone

4158196718

Tax Period

2024-01-01 to 2024-12-31

Veritas International University, founded in 2008, is a small nonprofit in the Religion sector that reported $458K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $517K exceeded revenue, resulting in a 13% operating deficit.

Mission

The Organization is a non-profit free standing inter-denominational educational institution. Their Mission is to equip Christians to evangelize the world and defend the historic Christian faith through rigorous academic and devotional study of the inspired scriptures.

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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 $225,469

Program Service Revenue $227,910

Investment Income $0

Other Revenue $4,752

TOTAL REVENUE $458,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,436

Fundraising Expenses $0

Program Expenses $353,814

Other Expenses $263,225

TOTAL EXPENSES $516,661

Year-over-Year Comparison

	2024	2023	Change
Revenue	$458,131	$485,841	-0.1%
Expenses	$516,661	$519,158	0.0%
Net Income	$-58,530	$-33,317	+0.8%

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

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

$34,800

Total Directors

$34,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Holden	President	40.00	Officer Director	$32,400	$2,400	$34,800
Dave Shirley	Secretary	1.00	Officer Director	$0	$0	$0
Christopher Burke	Director	1.00	Director	$0	$0	$0
John Cook	Treasurer	1.00	Officer 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
2024	$458,131	$516,661	$422,270	$-58,530
2023	$485,841	$519,158	$312,725	$-33,317
2022	$548,281	$565,821	$342,167	$-17,540
2021	$605,574	$556,299	$395,426	$49,275
2020	$458,712	$488,385	$346,503	$-29,673
2019	$701,918	$522,405	$337,076	$179,513

Veritas International University