Veritas Academy Inc (EIN 582392999) - 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

Phone

9122381222

Tax Period

2023-01-01 to 2023-12-31

Veritas Academy Inc, founded in 1998, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023.

Mission

The purpose of the corporation is to maintain a christian school for the instruction of children.

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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 $0

Program Service Revenue $1,383,014

Investment Income $3,369

Other Revenue $28,928

TOTAL REVENUE $1,415,311

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,156,148

Fundraising Expenses $0

Program Expenses $1,406,446

Other Expenses $351,751

TOTAL EXPENSES $1,507,899

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,415,311	$1,446,485	0.0%
Expenses	$1,507,899	$1,408,072	+0.1%
Net Income	$-92,588	$38,413	-3.4%

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	Role	Reportable Comp	Other Comp	Total
Kenneth Crowe	Secretary	Director	$0	$0	$0
Patrick Jarrett	Chairman	Officer Director	$0	$0	$0
Tim Shaw	Director	Officer Director	$0	$0	$0
David Gobel	Director	Director	$0	$0	$0
Woelke Leithart	Vice President	Officer Director	$0	$0	$0
Wallace Milling	Director	Director	$0	$0	$0
Harry Brodmann	Treasurer	Officer Director	$0	$0	$0
Frankie Daniell	Director	Director	$0	$0	$0
Winn Morgan	Director	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	$1,415,311	$1,507,899	$662,998	$-92,588
2022	$1,446,485	$1,408,072	$784,001	$38,413
2021	$1,355,166	$1,353,562	$636,331	$1,604
2020	$1,363,394	$1,171,704	$646,574	$191,690
2019	$1,140,586	$1,119,043	$537,762	$21,543
2018	$945,784	$990,740	$468,404	$-44,956

Veritas Academy Inc