Fallon Homeschool Co-op

Nonprofit profile at a glance

EIN
931735958
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Fallon, NV, USA
Phone
7752170069
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Student Services, Organizations of Students

Reported finances

Revenue
$469,137
Expenses
$394,191
Assets
$189,245
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • JESSE NUCKOLLS (PRESIDENT)

People named in this filing

  • JESSE NUCKOLLS (PRESIDENT)
  • ALYSSA GARCIA (TREASURER)
  • RYAN HALLISEY (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Earned-program. 82% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.1%; rating input score 80
  • Program expense ratio: 95.4%; rating input score 95
  • Fundraising efficiency: $5.54 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 16%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0.48; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 30.3% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 15.8% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 40.5% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 80.1% of revenue deployed · 95.4% of spending went to programs
  • Governance: 5 of 5 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $376K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 24/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.