Veritas Christian School (EIN 480876366) - 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

1977

Legal Domicile

Principal Officer

Tylor Shearburn

Phone

7857490083

Tax Period

2024-07-01 to 2025-06-30

Veritas Christian School, founded in 1977, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 33% operating deficit.

Mission

private 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $155,959

Program Service Revenue $1,145,373

Investment Income $21,427

Other Revenue $95,856

TOTAL REVENUE $1,418,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,221,258

Fundraising Expenses $14,076

Program Expenses $1,870,734

Other Expenses $649,476

TOTAL EXPENSES $1,884,810

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,418,615	$1,831,173	-0.2%
Expenses	$1,884,810	$2,128,071	-0.1%
Net Income	$-466,195	$-296,898	+0.6%

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
Tylor Shearburn	President	10.00	Officer Director	$0	$0	$0
Jeremiah Johnson	Vice President	5.00	Officer Director	$0	$0	$0
Nicole Keck-Marks	Secretary	5.00	Officer Director	$0	$0	$0
Kasey Maddox	Director	2.00	Director	$0	$0	$0
Dan Fitzgerald	Director	2.00	Director	$0	$0	$0
Darin Pearson	Treasurer	5.00	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
2025	$1,418,615	$1,884,810	$2,036,782	$-466,195
2020	$1,055,973	$972,574	$2,154,254	$83,399
2019	$2,662,676	$1,007,174	$1,918,935	$1,655,502
2018	$1,186,896	$1,187,890	$524,526	$-994

Veritas Christian School