VERITAS CLASSICAL SCHOOL INC

EIN: 371513289 501(c)(3) Education

Hernando, MS

Total Revenue
$729,201
Total Expenses
$677,265
Total Assets
$217,911
Net Assets
$217,911
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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
2019
Legal Domicile
MS
Principal Officer
Jill Marr
Phone
9018306173
Tax Period
2025-01-01 to 2025-12-31

VERITAS CLASSICAL SCHOOL INC, founded in 2019, is a small nonprofit in the Education sector that reported $729K in total revenue in fiscal year 2025. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $677K left a modest 7% surplus.

Mission

Veritas offers educational resources to homeschool students by providing classical tutoring in a classroom setting two days per week throughout a normal school year

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $729,201
Investment Income $0
Other Revenue $0
TOTAL REVENUE $729,201

Expense Breakdown

Grants Paid $0
Salaries & Benefits $575,965
Fundraising Expenses $0
Program Expenses $677,265
Other Expenses $101,300
TOTAL EXPENSES $677,265

Year-over-Year Comparison

2025 2024 Change
Revenue $729,201 $592,596 +0.2%
Expenses $677,265 $609,120 +0.1%
Net Income $51,936 $-16,524 -4.1%
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

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Governance

Voting Members
4
Independent Members
1
Employees
48
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
3
$79,080
Total Directors
1
$79,080
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jill S Marr President 40
Officer Director Highest
$79,080 $0 $79,080
Rebecca Lore Treasurer 0
Officer
$0 $0 $0
Diana Settles Secretary 0
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
2025 $729,201 $677,265 $217,911 $51,936
2024 $197,652 $204,361 $175,790 $-6,709
2024 No data No data No data No data
2023 $621,935 $611,094 $182,499 $10,841
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