NORFOLK, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE NORFOLK ACADEMY, founded in 1960, is a mid-sized nonprofit in the Education sector that reported $35.9M in total revenue in fiscal year 2024. Expenses of $40.3M exceeded revenue, resulting in a 12% operating deficit.
THE NORFOLK ACADEMY IS A COLLEGE PREPARATORY CO-EDUCATIONAL DAY SCHOOL THAT STRIVES TO ASSIST ITS STUDENTS TO DEVELOP MATURITY OF BODY, MIND, AND CHARACTER. WE HOPE TO ENGENDER AN AWARENESS AND APPRECIATION OF INTELLECTUAL, AESTHETIC, AND MORAL EXCELLENCE IN A SETTING THAT OFFERS WELL-DEVELOPED PROGRAMS, NOT ONLY IN THE ACADEMIC DISCIPLINES, BUT ALSO IN FINE ARTS AND ATHLETICS. WE AIM TO PREPARE STUDENTS TO BECOME USEFUL AND RESPONSIBLE CITIZENS OF A DEMOCRACY. WE STRIVE TO MAKE THEM AWARE OF THEIR ROLES IN CREATING A JUST SOCIETY. WE ARE COMMITTED TO THE SPIRITUAL AND ETHICAL VALUES OF THE JUDEO-CHRISTIAN HERITAGE AND ENVISION THAT THESE WILL BECOME A PART OF THE BEING OF EACH MEMEBER OF THE NORFOLK ACADEMY COMMUNITY. NORFOLK ACADEMY SEEKS TO OFFER A COORDINATED PROGRAM FOR STUDENTS, BUILDING AND EXPANDING ON KNOWLEDGE AND EXPERIENCE FROM GRADES ONE THROUGH TWELVE, ENCOURAGING RESPONSIBLE PARTICIPATION IN A VARIETY OF SCHOOL ACTIVITIES, PROVIDING OPPORTUNITIES FOR LEADERSHIP TRAINING
SUMMER SCHOOL & OTHER SPONSORED PROGRAMS
INSTRUCTIONAL & GENERAL PROGRAMS FOR STUDENTS GRADES 1-12
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 | $35,906,293 | $36,529,507 | 0.0% |
| Expenses | $40,304,363 | $39,878,940 | +0.0% |
| Net Income | $-4,398,070 | $-3,349,433 | +0.3% |
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 |
|---|---|---|---|---|---|---|
| TRAVIS LARRABEE | HEAD OF SCHOOL | 40.00 |
Officer
|
$510,890 | $60,445 | $571,335 |
| JEFFREY A MARTIN | ASSISTANT HEAD OF SCHOOL | 40.00 |
Officer
|
$327,206 | $60,046 | $387,252 |
| GRAYSON K BRYANT | ASSISTANT HEAD OF SCHOOL | 40.00 |
Highest
|
$224,380 | $53,529 | $277,909 |
| MICHELLE ALEXANDER | DIRECTOR, LOWER SCHOOL | 40.00 |
Highest
|
$185,423 | $41,641 | $227,064 |
| LINDA GORSLINE | ASSOCIATE HEAD OF SCHOOL | 40.00 |
Highest
|
$246,324 | $25,399 | $271,723 |
| JENNIFER SCOTT | DIRECTOR, COLLEGE COUNSELING | 40.00 |
Highest
|
$159,280 | $44,504 | $203,784 |
| THOMAS HUDGINS | ASSOCIATE DIRECTOR, COLLEGE COUNSELING | 40.00 |
Highest
|
$153,599 | $29,206 | $182,805 |
| JOHN O WYNNE JR | TRUSTEE - CHAIR OF THE BOARD | 5.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE BASS ADAMS | TRUSTEE - CHAIR - BUILDING AND GROUNDS | 3.00 |
Director
|
$0 | $0 | $0 |
| THOMAS A ALBERICO | TRUSTEE - SECRETARY | 3.00 |
Director
|
$0 | $0 | $0 |
| NEIL J BARR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD C BURROUGHS JR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE C CREEDON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON A DEANS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RHONDA G DURHAM | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GUY R FRIDDELL III | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN L GIBSON III | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| OWEN D GRIFFIN JR | TRUSTEE - CHAIR - EDUCATION | 3.00 |
Director
|
$0 | $0 | $0 |
| KATHERINE M HINES | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| IAN A HOLDER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOANNE M INMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN P JUMPER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SANDRA PORTER LEON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DEREK R MELVIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHLEEN KELLY OBERG | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| J CHRISTOPHER PERRY | TRUSTEE - TREASURER, CHAIR - FINANCE | 3.00 |
Director
|
$0 | $0 | $0 |
| ALFRED M RANDOLPH JR | TRUSTEE - CHAIR - GOVERNANCE | 3.00 |
Director
|
$0 | $0 | $0 |
| JOHN REED | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS V RUEGER JR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN W RUFFIN | TRUSTEE - CHAIR - DEVELOPMENT | 3.00 |
Director
|
$0 | $0 | $0 |
| SAMUEL E STEINGOLD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY J STIFFLER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| AARTHY THAMODARAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RONY THOMAS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER GEORGE WARD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| FRANK J WOOD III | TRUSTEE - CHAIR - INVESTMENT | 3.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $35,906,293 | $40,304,363 | $167,622,196 | $-4,398,070 |
| 2024 | $36,529,507 | $39,878,940 | $163,764,684 | $-3,349,433 |
| 2023 | $33,112,865 | $37,141,903 | $163,000,776 | $-4,029,038 |
| 2022 | $31,774,205 | $35,199,350 | $165,285,906 | $-3,425,145 |
| 2021 | $29,402,812 | $34,445,206 | $173,962,964 | $-5,042,394 |
| 2020 | $29,484,040 | $31,826,486 | $147,079,429 | $-2,342,446 |
| 2019 | $32,063,367 | $34,187,902 | $153,407,738 | $-2,124,535 |
| 2018 | $35,461,413 | $31,534,161 | $158,222,547 | $3,927,252 |
Compare THE NORFOLK ACADEMY with other nonprofits in Virginia and across the country.