VERITAS CLASSICAL ACADEMY (EIN 460659218) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

DAVID KIM

Phone

9495571311

Tax Period

2024-07-01 to 2025-06-30

VERITAS CLASSICAL ACADEMY, founded in 2012, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 31% operating deficit.

Mission

OUT MISSION IS TO DISCIPLE OUR STUDENTS TO DELIGHT, DISCERN, AND DISPLAY THE GLORY OF GOD IN JESUS CHRIST THROUGH CLASSICAL, CHRISTIAN EDUCATION. IT EMPHASIZES CULTIVATING WONDER, CRITICAL THINKING SKILLS, AND PAIDEIA CULTURE, AND CHRISTIAN WORLDVIEW THINKING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $87,124

Program Service Revenue $1,457,632

Investment Income $7,442

Other Revenue $0

TOTAL REVENUE $1,552,198

Expense Breakdown

Grants Paid $1,027

Salaries & Benefits $1,573,408

Fundraising Expenses $0

Program Expenses $1,832,929

Other Expenses $458,119

TOTAL EXPENSES $2,032,694

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,552,198	$2,039,138	-0.2%
Expenses	$2,032,694	$2,031,072	+0.0%
Net Income	$-480,496	$8,066	-60.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$120,784

Total Directors

$120,784

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KIM	PRESIDENT	40.00	Officer Director	$92,184	$28,600	$120,784
SAMUEL RHEE	CHAIRMAN OF BOARD	0.00	Director	$0	$0	$0
DANIEL KIM	TRUSTEE	0.00	Director	$0	$0	$0
DAVID PARK	TRUSTEE	0.00	Director	$0	$0	$0
HANNAH Y KIM	TRUSTEE	0.00	Director	$0	$0	$0
MARIELA SHIN	TRUSTEEE	0.00	Director	$0	$0	$0
PETER YANG	TRUSTEE	0.00		$0	$0	$0
JIMMY KIM	TRUSTEE	0.00		$0	$0	$0
JUSTIN CHOI	TRUSTEE	0.00		$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	$1,552,198	$2,032,694	$417,613	$-480,496
2024	$2,039,138	$2,031,072	$898,109	$8,066
2023	$2,044,533	$1,742,552	$890,043	$301,981
2022	$1,576,605	$1,415,564	$588,062	$161,041
2021	$1,230,567	$1,075,034	$427,021	$155,533
2020	$959,723	$906,766	$368,370	$52,957
2019	$799,104	$848,537	$218,531	$-49,433

VERITAS CLASSICAL ACADEMY