Veritas Preparatory School

EIN: 453766206 501(c)(3)

Williamsburg, VA

Total Revenue
$92,496
Total Expenses
$112,721
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
VA
Principal Officer
Diane Cavazos
Phone
7579030633
Tax Period
2020-07-01 to 2021-06-30

Veritas Preparatory School, founded in 2013, is a small nonprofit that reported $609K in total revenue in fiscal year 2018.

Mission

Catholic Non-Profit Preparatory School

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $93,700
Program Service Revenue $0
Investment Income $-1,204
Other Revenue $0
TOTAL REVENUE $92,496

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $56,783
Fundraising Expenses $0
Program Expenses $25,000
Other Expenses $30,938
TOTAL EXPENSES $112,721

Year-over-Year Comparison

2020 2019 Change
Revenue $92,496 $601,944 -0.8%
Expenses $112,721 $624,286 -0.8%
Net Income $-20,225 $-22,342 -0.1%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
20

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
0
$0
Total Directors
0
$0
Key Employees
1
$2,141
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Diane Cavazos President, Ex-Officio 30.00
Key Emp
$2,141 $0 $2,141
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
2021 $92,496 $112,721 No data $-20,225
2020 $601,944 $624,286 $127,146 $-22,342
2018 $608,727 $604,022 $4,810 $4,705
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