VERATHON ACADEMY INC (EIN 872137618) - 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

2021

Legal Domicile

Principal Officer

JAMES BISENIUS

Phone

5035239265

Tax Period

2024-01-01 to 2024-12-31

VERATHON ACADEMY INC, founded in 2021, is a small nonprofit in the Education sector that reported $196K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $303K exceeded revenue, resulting in a 55% operating deficit.

Mission

VERATHON ACADEMY CULTIVATES COMMUNITIES OF STUDENTS WHO VIGOROUSLY ENGAGE THE ENTIRETY OF THEIR INTELLECT, PASSIONS, AND CAPACITIES TO LOVE GOD, IMITATE HIS FULLNESS IN JESUS, AND WORK BY HIS SPIRIT TO ALIGN THEIR WORLD WITH HIS DESIGN.

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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 $0

Program Service Revenue $195,967

Investment Income $0

Other Revenue $0

TOTAL REVENUE $195,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,331

Other Expenses $302,981

TOTAL EXPENSES $302,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$195,967	$139,999	+0.4%
Expenses	$302,981	$156,863	+0.9%
Net Income	$-107,014	$-16,864	+5.3%

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

N/A

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
JAMES BISENIUS	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD OKELLO	BOARD MEMBER	1.00	Officer	$0	$0	$0
BRYAN PEREBOOM	SECRETARY	1.00	Officer	$0	$0	$0
KEITH NIX	BOARD MEMBER	1.00	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
2024	$195,967	$302,981	$72,819	$-107,014
2023	$139,999	$156,863	$94,037	$-16,864
2022	$349,293	$313,135	$111,226	$36,158

VERATHON ACADEMY INC