VIRTUS ET VERITAS MINISTRIES

EIN: 870942849 501(c)(3)

Omaha, NE

Total Revenue
$275,857
Total Expenses
$292,423
Total Assets
$184,472
Net Assets
$138,060
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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
2021
Legal Domicile
NE
Principal Officer
Toby Korensky
Phone
4029150482
Tax Period
2024-01-01 to 2024-12-31

VIRTUS ET VERITAS MINISTRIES, founded in 2021, is a small nonprofit that reported $276K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

Provides faith and leadership formation for men.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $174,614
Program Service Revenue $100,308
Investment Income $935
Other Revenue $0
TOTAL REVENUE $275,857

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,005
Fundraising Expenses $0
Program Expenses $292,423
Other Expenses $165,418
TOTAL EXPENSES $292,423

Year-over-Year Comparison

2024 2023 Change
Revenue $275,857 $321,983 -0.1%
Expenses $292,423 $206,693 +0.4%
Net Income $-16,566 $115,290 -1.1%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
2
Volunteers
50

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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Father Padraic Stack Chaplain 1
Director
$0 $0 $0
Toby Korensky President & Executive Director 5
Officer
$0 $0 $0
Roger Meyer Treasurer 1
Officer
$0 $0 $0
Taylor Korensky Secretary 1
Officer
$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 $275,857 $292,423 $184,472 $-16,566
2023 $321,983 $206,693 $187,775 $115,290
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