VERITAS MINISTRIES INC (EIN 621722243) - 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

2002

Legal Domicile

Principal Officer

ERIC HALE

Phone

6157948556

Tax Period

2022-07-01 to 2023-06-30

VERITAS MINISTRIES INC, founded in 2002, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $165K, a strong 16% operating margin.

Mission

PRIVATE SCHOOL : THE ACADEMY PROVIDES PRIVATE CLASSICAL CHRISTIAN BASED EDUCATION TO ITS STUDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $167,427

Program Service Revenue $788,061

Investment Income $66,389

Other Revenue $0

TOTAL REVENUE $1,021,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $595,830

Fundraising Expenses $0

Program Expenses $855,420

Other Expenses $260,890

TOTAL EXPENSES $856,720

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,021,877	$920,376	+0.1%
Expenses	$856,720	$781,473	+0.1%
Net Income	$165,157	$138,903	+0.2%

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

N/A

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
W CARSON SENSING III	TRUSTEE	N/A	Director	$0	$0	$0
ADRIENNE THOMPSON	TREASURER	N/A	Officer	$0	$0	$0
ERIC HALE	HEADMASTER	N/A	Officer	$0	$0	$0
CHARLOTTE DAVIS	CHAIRMAN	N/A	Officer Director	$0	$0	$0
STEPHEN PRATHER	TRUSTEE	N/A	Director	$0	$0	$0
DEAN MOYER	VICE CHAIRMA	N/A	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,021,877	$856,720	$1,399,486	$165,157
2022	$920,376	$781,473	$1,253,190	$138,903
2021	$820,563	$649,363	$1,148,315	$171,200
2021	$820,563	$641,146	$271,211	$179,417
2020	$568,436	$688,815	$152,474	$-120,379
2019	$574,198	$533,445	$211,863	$40,753
2018	$452,892	$535,490	$195,972	$-82,598

VERITAS MINISTRIES INC