NORFOLK CHRISTIAN SCHOOLS

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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

1952

Legal Domicile

Principal Officer

ALEX GISPERT

Phone

7574235770

Tax Period

2024-07-01 to 2025-06-30

NORFOLK CHRISTIAN SCHOOLS, founded in 1952, is a mid-sized nonprofit in the Education sector that reported $12.8M in total revenue in fiscal year 2024.

Mission

IT IS THE MISSION OF NORFOLK CHRISTIAN SCHOOLS TO EQUIP STUDENTS SPIRITUALLY, INTELLECTUALLY, AND PHYSICALLY TO LOVE GOD AND TO SERVE HIM AS CHRIST'S AMBASSADORS IN THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $11,864,763 Revenue: $11,284,341

NORFOLK CHRISTIAN SCHOOLS OFFERS A COMPLETE CHRIST-CENTERED, COLLEGE PREPARATORY PROGRAM TAUGHT BY FACULTY COMMITTED TO THE SUCCESS OF EVERY STUDENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,451,974

Program Service Revenue $11,284,341

Investment Income $38,339

Other Revenue $0

TOTAL REVENUE $12,774,654

Expense Breakdown

Grants Paid $1,890,456

Salaries & Benefits $7,656,347

Fundraising Expenses $385,617

Program Expenses $11,864,763

Other Expenses $3,847,173

TOTAL EXPENSES $13,393,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,774,654	$12,606,175	+0.0%
Expenses	$13,393,976	$12,810,438	+0.0%
Net Income	$-619,322	$-204,263	+2.0%

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

271

Volunteers

292

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

$192,890

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA MAZZIO	BOARD MEMBER	2.00	Director	$0	$0	$0
KATIE DONAHUE	BOARD MEMBER	2.00	Director	$0	$0	$0
DEAN MARTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
FRANK ALLGOOD	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
CORY JESSEE	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENT HOBBS	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA NUGENT	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY BETH RICKMAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DONALD SHEARON	SECRETARY	2.00	Officer Director	$0	$0	$0
KIMBERLY KEY	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON MANNING	BOARD MEMBER	2.00	Director	$0	$0	$0
SHANNON WALKER	BOARD MEMBER	2.00	Director	$0	$0	$0
FULMER COLLINS	BOARD MEMBER	2.00	Director	$0	$0	$0
SUE ROYSTER	BOARD MEMBER	2.00	Director	$0	$0	$0
ALEX GISPERT	HEAD OF SCHOOL	40.00	Officer	$181,757	$11,133	$192,890

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	$12,774,654	$13,393,976	$7,909,888	$-619,322
2024	$12,606,175	$12,810,438	$8,478,336	$-204,263
2023	$13,687,819	$11,700,177	$9,296,738	$1,987,642
2022	$11,139,692	$10,839,918	$6,012,199	$299,774
2021	$10,608,860	$9,313,280	$5,183,829	$1,295,580
2020	$10,121,441	$10,038,889	$4,786,872	$82,552
2019	$11,499,625	$11,266,133	$4,904,071	$233,492
2018	$11,506,927	$11,127,613	$5,056,859	$379,314