VERITAS CHRISTIAN SCHOOL INC (EIN 463400799) - 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

DONNA ABLA

Phone

5806229097

Tax Period

2023-01-01 to 2023-12-31

VERITAS CHRISTIAN SCHOOL INC, founded in 2013, is a small nonprofit in the Education sector that reported $281K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

VERITAS IS ORGANIZED TO FORMALLY EDUCATE CHILDREN BY OFFERING A HIGH QUALITY CHRISTIAN BASED ABEKA BOOK CURRICULUM FOR GRADES K-12. VERITAS SEEKS TO ADMIT AND EDUCATE CHILDREN WHO HAVE BEEN DIAGNOSED WITH AUTISM, ADHD, DYSLEXIA, AND OTHER PHYSICAL DISABILITIES AND/OR DEVELOPMENT DISORDERS WHO STRUGGLE ACADEMICALLY AND SOCIALLY IN A PUBLIC SCHOOL SETTING.

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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 $32,905

Program Service Revenue $247,700

Investment Income $0

Other Revenue $0

TOTAL REVENUE $280,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,603

Fundraising Expenses $0

Program Expenses $307,865

Other Expenses $88,262

TOTAL EXPENSES $307,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$280,605	$259,545	+0.1%
Expenses	$307,865	$255,543	+0.2%
Net Income	$-27,260	$4,002	-7.8%

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

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

$51,133

Total Directors

$51,133

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUMMER FARRIS	VICE-PRESIDE	40.00	Officer Director	$26,133	$0	$26,133
DONNA ABLA	PRESIDENT	40.00	Officer Director	$25,000	$0	$25,000
CRAIG ABLA	SECRETARY AN	5.00	Officer Director	$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	$280,605	$307,865	$93,729	$-27,260
2022	$259,545	$255,543	$109,196	$4,002
2021	$210,194	$185,344	$84,587	$24,850

VERITAS CHRISTIAN SCHOOL INC