Veritas Academy (EIN 383878375) - 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

2012

Legal Domicile

Principal Officer

Susie Brooks

Phone

6514623894

Tax Period

2023-01-01 to 2023-12-31

Veritas Academy, founded in 2012, is a small nonprofit that reported $733K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $684K left a modest 7% surplus.

Mission

Veritas Academy seeks to establish and equip students to become mature adults who value truth, acknowledge God's beauty, and do good. Our methods and content train them to think clearly, cultivate wisdom and understanding, and eventually, to lead with clarity and virtue.

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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 $663,019

Program Service Revenue $69,625

Investment Income $0

Other Revenue $0

TOTAL REVENUE $732,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,450

Fundraising Expenses $0

Program Expenses $686,522

Other Expenses $418,163

TOTAL EXPENSES $683,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$732,644	$576,096	+0.3%
Expenses	$683,613	$770,600	-0.1%
Net Income	$49,031	$-194,504	-1.3%

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

N/A

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susie Brooks	President and Founder	60	Officer	$0	$0	$0
Steven Brooks	Director of Spiritual Formation and Teacher	60	Officer	$0	$0	$0
Seraiah Brooks	Board Member	20	Officer	$0	$0	$0
Joseph Kuchinka	Board Member	6	Officer	$0	$0	$0
Darrel Trulson	Board Member	6	Officer	$0	$0	$0
Dakota Shearer	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
2023	$732,644	$683,613	$8,970,617	$49,031
2022	$576,096	$770,600	$8,810,359	$-194,504
2021	$409,803	$815,204	$9,203,886	$-405,401
2020	$8,732,880	$188,396	$9,203,886	$8,544,484

Veritas Academy