Veritas Christian Academy Inc (EIN 562089482) - 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

1998

Legal Domicile

Principal Officer

Dr Gary Prechter

Phone

8286810546

Tax Period

2024-07-01 to 2025-06-30

Veritas Christian Academy Inc, founded in 1998, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 4% surplus.

Mission

Intelligent Faith: Equipping minds and engaging hearts for Gods Kingdom purposes. Please see our website for our philosophy and additional information.

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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 $1,464,819

Program Service Revenue $3,117,784

Investment Income $7,283

Other Revenue $50,998

TOTAL REVENUE $4,640,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,180,326

Fundraising Expenses $132,962

Program Expenses $3,998,159

Other Expenses $1,253,934

TOTAL EXPENSES $4,434,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,640,884	$4,250,112	+0.1%
Expenses	$4,434,260	$4,178,652	+0.1%
Net Income	$206,624	$71,460	+1.9%

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

105

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

$141,998

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Robert Woods	School Headmaster	40.00	Officer	$141,998	$0	$141,998
Dr Gary Prechter	Chair	5.00	Officer Director	$0	$0	$0
Kristen Martin	Treasurer	3.00	Officer Director	$0	$0	$0
Dr Chris Meyer	Secretary	2.00	Officer Director	$0	$0	$0
Rev Anthony Craver	Board Member	2.00	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	$4,640,884	$4,434,260	$5,146,504	$206,624
2024	$4,250,112	$4,178,652	$5,187,878	$71,460
2023	$4,068,658	$3,929,272	$5,650,477	$139,386
2022	$3,762,205	$3,379,723	$5,617,927	$382,482
2021	$4,168,279	$3,467,965	$5,505,741	$700,314
2020	$3,561,838	$3,282,681	$3,984,490	$279,157
2019	$3,384,540	$3,217,251	$3,111,634	$167,289
2018	$3,531,431	$3,353,383	$2,990,650	$178,048

Veritas Christian Academy Inc