MARIETTA, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VERITAS CLASSICAL ACADEMY INC, founded in 2018, is a small nonprofit in the Education sector that reported $498K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $653K exceeded revenue, resulting in a 31% operating deficit.
(A) TO ESTABLISH AND OPERATE A NONPROFIT ORGANIZATION ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATION, CHARITABLE, AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (OR THE CORRESPONDING PROVISION OF ANY FUTURE U.S. INTERNAL REVENUE LAW) (B) TO PROVIDE ELEMENTARY AND SECONDARY EDUCATION TO STUDENTS IN THE MID- OHIO VALLEY PREPARING ITS STUDENTS FOR POST-SECONDARY EDUCATION; AND (C) TO DO ANY OTHER ACT OR THING INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES FOR ANY OTHER LAWFUL PURPOSE, OR IN ADVANCEMENT THEREOF, BUT NOT FOR THE PECUNIARY PROFIT OR FINANCIAL GAIN OF ITS MEMBERS, DIRECTORS, OR OFFICERS EXCEPT AS PERMITTED BY LAW, AND IN ANY CASE, ONLY FOR EDUCATION, CHARITABLE AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $497,815 | $676,101 | -0.3% |
| Expenses | $653,440 | $737,958 | -0.1% |
| Net Income | $-155,625 | $-61,857 | +1.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| WENDY REHL | MEMBER | 30.00 |
Director
|
$30,500 | $0 | $30,500 |
| D AUSTIN REHL | OFFICER | N/A |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $497,815 | $653,440 | $359,432 | $-155,625 |
| 2022 | $684,155 | $634,284 | $471,835 | $49,871 |
Compare VERITAS CLASSICAL ACADEMY INC with other nonprofits in Ohio and across the country.