VERITAS CHRISTIAN ACADEMY INC (EIN 272354818) - 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

2010

Legal Domicile

Principal Officer

JOSEPH MEDENDORP

Phone

5086531188

Tax Period

2024-07-01 to 2025-06-30

VERITAS CHRISTIAN ACADEMY INC, founded in 2010, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $4.2M left a modest 15% surplus.

Mission

ALONGSIDE PARENTS AND THEIR CHURCHES, VERITAS CHRISTIAN ACADEMY WORKS TO EQUIP CHILDREN WITH A FOUNDATION OF KNOWLEDGE, LOVE AND SCRIPTURE THROUGH A CHRISTIAN WORLDVIEW SO THAT THEY MAY SUCCESSFULLY ENTER HIGH SCHOOL WITH THE ABILITY TO SUCCEED ACADEMICALLY WHILE RETAINING AND GROWING THEIR FAITH IN GOD AND HIS ACTIVE LOVE IN THE WORLD.

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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 $960,278

Program Service Revenue $3,854,035

Investment Income $112,884

Other Revenue $0

TOTAL REVENUE $4,927,197

Expense Breakdown

Grants Paid $401,961

Salaries & Benefits $2,730,015

Fundraising Expenses $330,470

Program Expenses $3,478,009

Other Expenses $1,070,018

TOTAL EXPENSES $4,201,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,927,197	$6,228,086	-0.2%
Expenses	$4,201,994	$3,947,633	+0.1%
Net Income	$725,203	$2,280,453	-0.7%

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

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

$156,498

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE RIDEOUT JR	DIRECTOR	1.00	Director	$0	$0	$0
DOUG SACRA	DIRECTOR	0.50	Director	$0	$0	$0
CYNTHIA WELLMAN	EXECUTIVE DIRECTOR	40.00	Director	$72,064	$2,859	$74,923
AMANDA TURNER	CLERK	0.50	Director	$0	$0	$0
THOMAS BOARDMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH MEDENDORP	CHAIRMAN OF BOARD	1.00	Officer Director	$0	$0	$0
SCOTT A BERTHEL	PRINCIPAL	40.00	Director	$81,575	$0	$81,575
FRANK GUERRA	DIRECTOR	1.00	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	$4,927,197	$4,201,994	$10,042,068	$725,203
2024	$6,228,086	$3,947,633	$9,585,242	$2,280,453
2023	$4,017,769	$3,323,849	$7,397,398	$693,920
2022	$4,759,399	$2,654,154	$6,551,475	$2,105,245
2021	$2,714,340	$2,069,597	$4,258,229	$644,743
2020	$2,202,926	$2,100,450	$3,470,835	$102,476
2019	$2,079,336	$2,006,458	$1,272,983	$72,878
2018	$1,790,158	$1,607,766	$1,174,459	$182,392

VERITAS CHRISTIAN ACADEMY INC