Veritas Foundation (EIN 844123022) - 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

2020

Legal Domicile

Principal Officer

Steve Roberts

Phone

4257867707

Tax Period

2024-01-01 to 2024-12-31

Veritas Foundation, founded in 2020, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $41K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $74K exceeded revenue, resulting in a 80% operating deficit.

Mission

The Foundation's mission is to provide financial, material, and spiritual support to feed the hungry, shelter the poor, clothe the destitute, and bring God's Word to all parts of the World.

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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 $41,304

Program Service Revenue $0

Investment Income $42

Other Revenue $0

TOTAL REVENUE $41,346

Expense Breakdown

Grants Paid $47,386

Salaries & Benefits $0

Fundraising Expenses $4,659

Program Expenses $65,386

Other Expenses $26,896

TOTAL EXPENSES $74,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,346	$85,780	-0.5%
Expenses	$74,282	$110,207	-0.3%
Net Income	$-32,936	$-24,427	+0.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hailey Roberts	Director	8.00	Director	$0	$0	$0
Ken Diebner	Executive Dir.	10.00	Officer Director	$0	$0	$0
Ed Marlow	Director	2.00	Director	$0	$0	$0
Steve Roberts	Chairman	8.00	Officer Director	$0	$0	$0
Dick Stephens	Director	4.00	Director	$0	$0	$0
Charlene Stephens	Director	4.00	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
2024	$41,346	$74,282	$25,639	$-32,936
2023	$85,780	$110,207	$58,575	$-24,427
2022	$124,306	$134,821	$83,002	$-10,515
2021	$176,605	$128,435	$93,517	$48,170
2020	$79,801	$35,155	$44,646	$44,646

Veritas Foundation