VERITAS ACADEMY (EIN 471107248) - 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

Principal Officer

PRISCILLA WHITE

Phone

3072505167

Tax Period

2024-01-01 to 2024-12-31

VERITAS ACADEMY is a small nonprofit in the Education sector that reported $450K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $433K left a modest 4% surplus.

Mission

GOD'S WORD IS THE FOUNDATION FOR ALL LEARNING. OUR CURRICULUM AND TEACHING METHOD PROVIDES STUDENTS A COMPRHENSIVE APPLICATION OF SCRIPTURE IN ALL DISCIPLINES. OUR GOAL IS TO ASSIST EACH STUDENT IN DEVELOPING A BIBLICAL WORLD VIEW BY ACKNOWLEDGING GOD IS AUTHOR OF ALL KNOWLEDGE AND WISDOM. IN PARTNERSHIP WITH PARENTS, VERITAS ACADEMY IS COMMITTED TO THE CLASSICAL APPROACH WHIC CORRESPONDS TO THE DEVELOPMENTAL LEARNING STAGES OF CHILDREN, BUILDING A NATURAL PROGRESSION OF UNDERSTANDING IN ALL SUBJECTS. THIS APPROACH CALLED TRIVIUM, HAS THREE LEVELS OF LEARNING:THE GRAMMAR STAGE (ACQUISITION OF FOUNDATIONAL FACTS IN ALL SUBJECTS), THE LOGICAL STAGE (QUESTION THE WAY FACTS FIT TOGETHER THROUGH CRITICAL AND ABSTRACT THINKING), AND THE RHETORIC STAGE (BUILDS ON THE FIRST TWO STAGES TO LEARN TO WRITE AND SPEAK WELL). OUR GOAL IS FOR STUDENTS TO GRADUATE WITH AN ABILITY TO INVESTIGATE CONTEMPLATE, DEBATE, AND PURSUE KNOWLEDGE. WERITAS ACADEMY PROVIDES CHALLENGING ACADEMIC STUDY WITHIN A NURTU

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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 (2024)

Revenue Breakdown

Contributions & Grants $108,618

Program Service Revenue $337,307

Investment Income $58

Other Revenue $4,276

TOTAL REVENUE $450,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $326,287

Fundraising Expenses $3,819

Program Expenses $421,632

Other Expenses $107,203

TOTAL EXPENSES $433,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$450,259	$331,980	+0.4%
Expenses	$433,490	$326,600	+0.3%
Net Income	$16,769	$5,380	+2.1%

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

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

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
BETHANY FOX	PARENT REP.	N/A	Director	$0	$0	$0
BRIAN HOOVER	PARENT REP.	N/A	Director	$0	$0	$0
SARAH DURNEY	VICE PRESIDE	N/A	Officer	$0	$0	$0
PATRICIA NORTHRUP	SECRETARY/ T	N/A	Officer	$0	$0	$0
PRISCILLA WHITE	PRESIDENT	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	$450,259	$433,490	$272,355	$16,769
2023	$331,980	$326,600	$257,257	$5,380
2022	$274,181	$240,397	$258,733	$33,784
2021	$187,694	$244,133	$217,628	$-56,439
2020	$137,676	$194,234	$256,353	$-56,558
2019	$426,702	$141,781	$328,163	$284,921

VERITAS ACADEMY