SUFFOLK, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NANSEMOND-SUFFOLK ACADEMY EDUCATIONAL FOUNDATION, founded in 2014, is a small nonprofit in the Education sector that reported $202K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $287K exceeded revenue, resulting in a 42% operating deficit.
THE MISSION OF NANSEMOND-SUFFOLK ACADEMY EDUCATIONAL FOUNDATION (THE "FOUNDATION") IS TO PROVIDE NEED BASED FINANCIAL AID FOR LOW INCOME STUDENTS ATTENDING NANSEMOND-SUFFOLK ACADEMY ASSOCIATION, INC. (THE "ACADEMY"), A VIRGINIA NON-STOCK CORPORATION, A TAX EXEMPT 501(C)(3) INSTITUTE, OR FOR STUDENTS RESIDING IN THE COMMONWEALTH OF VIRGINIA, WHOSE FAMILIES MEET GUIDELINES ESTABLISHED BY THE COMMONWEALTH OF VIRGINIA RELATIVE TO THE POVERTY LEVEL. THE FOUNDATION SUPPORTS THE ACADEMY AND AT LEAST ONE OTHER EDUCATIONAL INSTITUTION, WHICH THE FOUNDATION HAS DESIGNATED AS STONEBRIDGE SCHOOL.
TO PROVIDE NEED BASED FINANCIAL AID FOR LOW INCOME STUDENTS RESIDING IN THE COMMONWEALTH OF VIRGINIA. A TOTAL OF 77 SCHOLARSHIPS WERE MADE DURING FISCAL YEAR 2025.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $202,272 | $411,975 | -0.5% |
| Expenses | $286,700 | $304,329 | -0.1% |
| Net Income | $-84,428 | $107,646 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DOUGLAS C NAISMITH | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MCLEMORE J BIRDSONG JR | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| COREY RUSSELL | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN M COUNCIL | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW RIVENBARK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHLEEN E MALLAS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $202,272 | $286,700 | $56,755 | $-84,428 |
| 2024 | $411,975 | $304,329 | $141,183 | $107,646 |
| 2022 | $185,504 | $172,248 | $54,558 | $13,256 |
| 2021 | $281,304 | $250,826 | $41,302 | $30,478 |
| 2020 | $210,093 | $203,469 | $10,824 | $6,624 |
| 2018 | $288,092 | $236,725 | $63,981 | $51,367 |
Compare NANSEMOND-SUFFOLK ACADEMY EDUCATIONAL FOUNDATION with other nonprofits in Virginia and across the country.