VERITAS CLASSICAL ACADEMY (EIN 462170232) - 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

2013

Legal Domicile

Principal Officer

TOM OWENS

Phone

4092259107

Tax Period

2023-01-01 to 2023-12-31

VERITAS CLASSICAL ACADEMY, founded in 2013, is a small nonprofit in the Education sector that reported $964K in total revenue in fiscal year 2023.

Mission

VERITAS CLASSICAL ACADEMY SEEKS TO PARTNER WITH FAMILIES BY PROVIDING A DISTINCTIVE CHRISTIAN EDUCATION, UTILIZING CLASSICAL METHODOLOGY AND CONTENT, WITH A UNIVERSITY-TYPE SCHEDULE. ON-CAMPUS CLASSES MEET TWO DAYS PER WEEK, WITH AT-HOME LEARNING OCCURRING ON ALTERNATING DAYS. VERITAS CLASSICAL ACADEMY OFFERS CLASSES FOR PRE-K THROUGH 12TH GRADE.

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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 $27,041

Program Service Revenue $935,702

Investment Income $1

Other Revenue $1,149

TOTAL REVENUE $963,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $759,313

Fundraising Expenses $0

Program Expenses $942,468

Other Expenses $200,916

TOTAL EXPENSES $960,229

Year-over-Year Comparison

	2023	2022	Change
Revenue	$963,893	$957,905	+0.0%
Expenses	$960,229	$892,199	+0.1%
Net Income	$3,664	$65,706	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA CAVETT	VOTING MEMBE	N/A	Director	$0	$0	$0
JOSH FULTS	VOTING MEMBE	N/A	Director	$0	$0	$0
LUCY MERRILL	VOTING MEMBE	N/A	Director	$0	$0	$0
JASON R WILLIS	VOTING MEMBE	N/A	Director	$0	$0	$0
LAUREN CAVETT	TREASURER	N/A	Officer	$0	$0	$0
LINDY MERRILL	VICE PRESIDE	N/A	Officer	$0	$0	$0
SARAH OWENS	SECRETARY	N/A	Officer	$0	$0	$0
TOM OWENS	CHAIRMAN OF	N/A	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
2024	No data	No data	No data	No data
2023	$963,893	$960,229	$448,805	$3,664
2022	$957,905	$892,199	$442,793	$65,706
2021	$975,611	$888,314	$381,588	$87,297
2020	$983,528	$933,734	$292,099	$49,794
2019	$873,993	$921,902	$234,510	$-47,909
2018	$656,349	$662,646	$280,451	$-6,297

VERITAS CLASSICAL ACADEMY