Victory Academy Inc looks durable. The school holds 16 months of operating cushion, adequate runway. Revenue is unusually diversified at 44% tuition-dependent (peer median 85%). Staff compensation runs 82% of expenses, generous relative to peers. Net assets are growing 9.0%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 9.5 / 10, strong.
Victory Academy Inc runs only 44% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.
Victory Academy Inc reported $5.6M in revenue against $4.2M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $5.8M — about 1.36x annual operating expense.
Operating margin landed at 24.3%, with 44.0% of revenue coming from tuition. Among same-size peers, that puts Victory Academy Inc at the p96 on operating margin.
Ten panels on Victory Academy Inc: financial health, peer comparison, community demographics, paying & giving capacity, competitive position, enrollment demand, leadership compensation, governance — and the questions to ask. One subscription opens every school.
Ten panels. One school. A year of access.
$250 a year — or $100 the first year for the founding 100.
Why “revenue scale” and not “endowment per student”: independent-school 990s don’t carry per-school enrollment, and NCES PSS coverage is partial, so we cannot divide endowment by a verified student count for every school. The bar above is each school’s latest reported total revenue. True endowment-per-student is scheduled for v1.1+ once Schedule D Part V parsing lands.
Peers are scored by similarity along three equal-weighted dimensions: size cohort (Form 990 employee count + max-revenue tier, a proxy for student enrollment, which the 990 does not carry), geographic region (eight-region grouping), and association overlap (NAIS, NBOA, regional councils). We rank the top 20 nearest peers and chart the first 12 by latest reported revenue. Values are the school’s most recently filed total revenue on IRS Form 990.