VERITAS Community School Inc

EIN: 463823049 501(c)(3) Education

Charlotte, NC

Total Revenue
$2,141,689
Total Expenses
$2,092,593
Total Assets
$425,405
Net Assets
$254,013
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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
NC
Principal Officer
Erika Bowen
Phone
9803331939
Tax Period
2022-07-01 to 2023-06-30

VERITAS Community School Inc, founded in 2013, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2022.

Mission

Operation of a public charter school.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $346,380
Program Service Revenue $1,795,309
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,141,689

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,258,141
Fundraising Expenses $0
Program Expenses $1,713,176
Other Expenses $834,452
TOTAL EXPENSES $2,092,593

Year-over-Year Comparison

2022 2021 Change
Revenue $2,141,689 $2,013,633 +0.1%
Expenses $2,092,593 $1,759,169 +0.2%
Net Income $49,096 $254,464 -0.8%
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

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Governance

Voting Members
8
Independent Members
8
Employees
37
Volunteers
8

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gretechen Bottrill Treasurer 001.00
Officer Director
$0 $0 $0
Lindsay Betzel Secretary 001.00
Officer Director
$0 $0 $0
Ed Ritter Vice Chair 003.00
Officer Director
$0 $0 $0
Erika Bowen Chair 001.00
Officer Director
$0 $0 $0
Dottie Bryan Board Member 000.50
Director
$0 $0 $0
Bernard Jones Jr Board Member 000.50
Director
$0 $0 $0
Jaime Daniell Board Member 000.50
Director
$0 $0 $0
Mimi Siadek Board Member 001.00
Director
$0 $0 $0
Chigozie Ogwuegbu-Stephens Board Member 001.00
Director
$0 $0 $0
Tejiri Bolano Board Member 001.00
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
2023 $2,141,689 $2,092,593 $425,405 $49,096
2022 $2,013,633 $1,759,169 $407,151 $254,464
2021 $1,631,986 $1,401,952 $274,606 $230,034
2020 $1,337,883 $1,329,018 $152,686 $8,865
2019 $1,575,312 $1,495,866 $176,104 $79,446
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