VERITAS COLLEGE INTERNATIONAL

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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

2001

Legal Domicile

Principal Officer

JEFFERSON WEBSTER

Phone

2104466719

Tax Period

2023-07-01 to 2024-06-30

VERITAS COLLEGE INTERNATIONAL, founded in 2001, is a small nonprofit in the Religion sector that reported $590K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $529K left a modest 10% surplus.

Mission

TO SEE CHURCH LEADERS WORLDWIDE PREPARED THROUGH HIGHER EDUCATION TO GLORIFY GOD BY EXERCISING STRATEGIC LEADERSHIP; INTERPRETING AND APPLYING THE BIBLE IN THEIR OWN LIVES, THEIR CHURCH MINISTRIES, AND IN THEIR WIDER COMMUNITIES; AND TEACHING OTHERS TO DO SO ALSO.

Program Service Accomplishments

Program 1

Expenses: $198,442

THE ORGANIZATION'S TRAINING IN MODULES 1 TO 4 ARE RUNNING IN VARIOUS CHURCHES AND VOLUNTEER FACILITATORS ARE TRAINED TO CONTINUE TRAINING THEIR OWN LEADERS. THE ORGANIZATION RECEIVED ACCREDITATION...

THE ORGANIZATION'S TRAINING IN MODULES 1 TO 4 ARE RUNNING IN VARIOUS CHURCHES AND VOLUNTEER FACILITATORS ARE TRAINED TO CONTINUE TRAINING THEIR OWN LEADERS. THE ORGANIZATION RECEIVED ACCREDITATION STATUS FROM THE ASSOCIATION OF BIBLICAL HIGHER EDUCATION THAT IS RECOGNIZED BY THE US DEPARTMENT OF EDUCATION IN FEBRUARY 2023. THE ORGANIZATION PROVIDED GRADUATE TRAINING TO CHURCH LEADERS IN NORTHERN AFRICA, SOUTH AFRICA, GERMANY, THE UNITED STATES, AND THE MIDDLE EAST WHO IN TURN TRAIN OTHERS WITH THE FOUNDATION TRAINING.

Program 2

Expenses: $289,633

TRAINING SUPPORTS: CHRISTIAN LEADERS TRAINING SUPPORT IN MALAWI, SOUTH AFRICA, AND OTHER COUNTRIES.

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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 $545,645

Program Service Revenue $44,260

Investment Income $0

Other Revenue $-284

TOTAL REVENUE $589,621

Expense Breakdown

Grants Paid $289,633

Salaries & Benefits $35,005

Fundraising Expenses $13,413

Program Expenses $488,075

Other Expenses $204,266

TOTAL EXPENSES $528,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$589,621	$368,193	+0.6%
Expenses	$528,904	$354,502	+0.5%
Net Income	$60,717	$13,691	+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	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERIDAN BANKS	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDER MAURY GREENE	DIRECTOR	1.00	Director	$0	$0	$0
RENIER OOSTHUIZEN	CHAIRMAN	1.00	Director	$0	$0	$0
HEIN DE VILLIERS	DIRECTOR	1.00	Director	$0	$0	$0
BAREND WOLVAARDT	DIRECTOR	30.00	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	No data	No data	No data	No data
2024	$589,621	$528,904	$329,184	$60,717
2023	$368,193	$354,502	$268,538	$13,691
2022	$447,107	$377,410	$259,780	$69,697
2021	$388,018	$361,668	$201,919	$26,350
2020	$362,958	$367,665	$158,721	$-4,707
2019	$444,114	$376,719	$166,286	$67,395