VERITAS MONTESSORI ACADEMY (EIN 822173024) - 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

2017

Legal Domicile

Principal Officer

Cheolgyu KIM

Phone

8323263703

Tax Period

2024-01-01 to 2024-12-31

VERITAS MONTESSORI ACADEMY, founded in 2017, is a small nonprofit in the Education sector that reported $260K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $228K left a modest 12% surplus.

Mission

EDUCATION WITH ENROLLED STUDENTS WITH IMPLEMENTING READING, WRITING AND BILINGUAL EDUCATION. AFTER SCHOOL CHILD CARE AND HANDS ON EDUCATION OF ANIMALS AND HORTICULTURE

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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 $38,548

Program Service Revenue $221,308

Investment Income $0

Other Revenue $0

TOTAL REVENUE $259,856

Expense Breakdown

Grants Paid $10,100

Salaries & Benefits $152,643

Fundraising Expenses $0

Program Expenses $15,126

Other Expenses $64,833

TOTAL EXPENSES $227,576

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,856	$230,491	+0.1%
Expenses	$227,576	$279,485	-0.2%
Net Income	$32,280	$-48,994	-1.7%

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

N/A

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

$18,607

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUNHEE SEO	DIRECTOR	40.00	Director	$3,107	$0	$3,107
CHEOLGYU KIM	DIRECTOR	40.00	Director	$15,500	$0	$15,500
HYUN J LEE	ASST. DIRECTOR	40.00		$19,000	$0	$19,000

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	$259,856	$227,576	$63,854	$32,280
2023	$230,491	$279,485	$31,574	$-48,994
2022	$324,284	$297,337	$69,397	$26,947
2021	$228,577	$178,771	$72,449	$49,806

VERITAS MONTESSORI ACADEMY