VERITAS COLLEGE PREPARATORY LEADERSHIP ACADEMY (EIN 264135406) - 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

2009

Legal Domicile

Principal Officer

NICK GETSCHMAN

Phone

9015261900

Tax Period

2023-07-01 to 2024-06-30

VERITAS COLLEGE PREPARATORY LEADERSHIP ACADEMY, founded in 2009, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION PREPARES MEMPHIS STUDENTS IN GRADES SIX THROUGH EIGHT TO EXCEL IN HIGH SCHOOL AND COLLEGE AS ACCOMPLISHED SCHOLARS AND TO CONTRIBUTE TO THEIR COMMUNITIES AS ETHICAL LEADERS.

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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 $2,431,908

Program Service Revenue $0

Investment Income $0

Other Revenue $17,598

TOTAL REVENUE $2,449,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,551,657

Fundraising Expenses $0

Program Expenses $1,684,215

Other Expenses $840,371

TOTAL EXPENSES $2,392,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,449,506	$2,523,828	0.0%
Expenses	$2,392,028	$2,089,334	+0.1%
Net Income	$57,478	$434,494	-0.9%

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

$139,037

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SONYA FLECK	TREASURER	5.00	Officer Director	$0	$0	$0
LUKE FRANKLIN	TREASURER	5.00	Director	$0	$0	$0
RUDY WALKER	SECRETARY	5.00	Director	$0	$0	$0
CHRISSY GEIBEL	VICE CHAIR	5.00	Director	$0	$0	$0
TIERNEY JACKSON SMITH	BOARD CHAIR	5.00	Director	$0	$0	$0
NICK GETSCHMAN	EXECUTIVE DIRECTOR	55.00	Officer	$129,191	$9,846	$139,037

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	$2,449,506	$2,392,028	$1,911,211	$57,478
2023	$2,523,828	$2,089,334	$2,012,438	$434,494
2022	$1,648,675	$1,566,315	$2,236,920	$82,360
2021	$1,596,034	$1,471,161	$1,116,362	$124,873
2020	$1,866,057	$1,451,045	$1,009,225	$415,012
2019	$1,373,484	$1,286,738	$605,887	$86,746
2018	$1,481,000	$1,446,347	$514,769	$34,653

VERITAS COLLEGE PREPARATORY LEADERSHIP ACADEMY