DURHAM, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORTH CAROLINA LEARNS INC, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $38.1M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $34.0M left a modest 11% surplus.
NORTH CAROLINA VIRTUAL ACADEMY IS A COMMUNITY OF STUDENTS, FAMILIES, AND EDUCATORS DEDICATED TO EXPANDING EDUCATIONAL CHOICE THROUGH INNOVATIVE, TECHNOLOGY-RICH INSTRUCTIONAL PRACTICES. THE ACADEMY IS COMMITTED TO DEVELOPING EACH STUDENT'S FULL POTENTIAL FOR ACADEMIC AND POST-SECONDARY SUCCESS.
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 | $38,147,825 | $31,563,893 | +0.2% |
| Expenses | $33,973,773 | $26,809,771 | +0.3% |
| Net Income | $4,174,052 | $4,754,122 | -0.1% |
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 |
|---|---|---|---|---|---|---|
| WALTER MARTIN | CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRIS FARRELL | VICE CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR STEVE MOODY | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| NATALIE WRIGHT | SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK FLEMING | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| MARCIA SIMMONS | BOARD MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| SARA STRUHS | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$130,729 | $0 | $130,729 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $38,147,825 | $33,973,773 | $17,847,684 | $4,174,052 |
| 2024 | No data | No data | No data | No data |
| 2023 | $26,443,841 | $25,426,056 | $9,119,531 | $1,017,785 |
| 2022 | $27,525,464 | $25,473,898 | $7,560,116 | $2,051,566 |
| 2021 | $24,131,838 | $21,858,339 | $5,388,982 | $2,273,499 |
| 2020 | $20,522,998 | $19,453,301 | $3,621,682 | $1,069,697 |
| 2019 | $17,721,748 | $16,967,983 | $2,367,090 | $753,765 |
Compare NORTH CAROLINA LEARNS INC with other nonprofits in North Carolina and across the country.