VERITAS SCHOOL (EIN 931222072) - 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

1997

Legal Domicile

Principal Officer

JEFF JONES

Phone

5035381962

Tax Period

2024-07-01 to 2025-06-30

VERITAS SCHOOL, founded in 1997, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $2.3M left a modest 7% surplus.

Mission

EDUCATION FOR STUDENTS IN GRADES K-12

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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 $261,461

Program Service Revenue $2,133,636

Investment Income $10,067

Other Revenue $44,758

TOTAL REVENUE $2,449,922

Expense Breakdown

Grants Paid $120,157

Salaries & Benefits $1,402,713

Fundraising Expenses $0

Program Expenses $1,588,844

Other Expenses $755,012

TOTAL EXPENSES $2,277,882

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,449,922	$2,807,824	-0.1%
Expenses	$2,277,882	$2,555,502	-0.1%
Net Income	$172,040	$252,322	-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

Volunteers

150

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

$308,971

Total Directors

$82,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF JONES	BOARD CHAIR	3.00	Director	$0	$0	$0
CHRIS ANDREWS	VICE-CHAIR	2.00	Director	$0	$0	$0
JOSH CLOUD	SECRETARY/TREASURER	3.00	Director	$0	$0	$0
ADAM FITCH	HEAD OF UPPER SCHOOL	40.00	Officer Director	$82,000	$0	$82,000
WALKER ORR	BOARD MEMBER	3.00	Director	$0	$0	$0
PAUL STOLTZFUS	BOARD MEMBER	3.00	Director	$0	$0	$0
DAVID WESSNER	BOARD MEMBER	3.00	Director	$0	$0	$0
BRYAN LYNCH	ACADEMIC DEAN	40.00	Officer	$68,001	$0	$68,001
HEATHER OLANDER	HEAD OF LOWER SCHOOL	40.00	Officer	$52,530	$0	$52,530
HOLLY ANDERSON	OPERATIONS MANAGER	40.00	Officer	$57,000	$0	$57,000
COREY ABRAIRA	FACILITIES MANAGER	40.00	Officer	$49,440	$0	$49,440

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	$2,449,922	$2,277,882	$4,369,529	$172,040
2024	$2,807,824	$2,555,502	$5,898,523	$252,322
2023	$1,962,538	$2,137,206	$3,709,411	$-174,668
2022	$2,275,326	$1,975,702	$3,924,734	$299,624
2021	$1,896,078	$1,847,648	$3,889,493	$48,430
2020	$2,209,165	$1,824,788	$3,765,328	$384,377
2019	$1,855,478	$1,754,536	$3,182,973	$100,942
2018	$2,057,926	$1,838,950	$3,119,794	$218,976

VERITAS SCHOOL