FALLON HOMESCHOOL CO-OP

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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

2023

Legal Domicile

Principal Officer

JESSE NUCKOLLS

Tax Period

2023-07-01 to 2024-06-30

FALLON HOMESCHOOL CO-OP, founded in 2023, is a small nonprofit in the Education sector that reported $401K in total revenue in fiscal year 2023. The organization ran a surplus of $122K, a strong 31% operating margin.

Mission

Veritas Prep aims to equip students to be life-long learners. Students are taught to think clearly and listen carefully with discernment and understanding while cultivating an enthusiastic attitude towards learning.

Program Service Accomplishments

Program 1

Expenses: $277,016 Revenue: $123,533

At Veritas Preparatory School, we offer an alternative means of education through the classical education model, a pedagogical approach rooted in principles established around 400 B.C. While...

At Veritas Preparatory School, we offer an alternative means of education through the classical education model, a pedagogical approach rooted in principles established around 400 B.C. While classical education is far from new, it is uniquely innovative in todays educational landscape, where traditional public schooling often focuses on standardized outcomes rather than fostering independent thought.Our classical model emphasizes critical thinking, moral development, and a robust foundation in subjects such as math, history, grammar, Latin, and science. By educating students to become independent thinkers with a thirst for knowledge, we prepare them to be critical thinkers, engaged community members, and lifelong learners who lead choice-filled lives. This holistic approach sets our students apart and equips them to succeed academically, personally, and professionally.

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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 $106,319

Program Service Revenue $294,230

Investment Income $0

Other Revenue $0

TOTAL REVENUE $400,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,337

Fundraising Expenses $0

Program Expenses $277,016

Other Expenses $80,946

TOTAL EXPENSES $278,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$400,549	N/A	N/A
Expenses	$278,283	N/A	N/A
Net Income	$122,266	N/A	N/A

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
JESSE STAGIG	SECRETARY	0.00	Officer	$0	$0	$0
JOEL DUNKIN	VICE PRESIDENT	0.00	Officer	$0	$0	$0
AMANDA HAMMOND	DIRECTOR	0.00	Officer	$0	$0	$0
JESSE NUCKOLLS	PRESIDENT	10.00	Officer	$0	$0	$0
AMANDA ALLEN	TREASURER	8.00	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
2025	No data	No data	No data	No data
2024	$400,549	$278,283	$125,531	$122,266