SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Norfolk Academy
Norfolk, VA · Independent K-12NAIS MEMBER
THE READ · FREE SUMMARY
Norfolk Academy looks stable. The school holds 3.8 years of operating cushion: deep institutional balance. Revenue runs 77% tuition-dependent (peer median 85%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 61% of expenses, about par for the peer cohort. NACUBO Composite Financial Index: 3.2 / 10, adequate — monitor.
Norfolk Academy holds 3.8 years of operating expense in net assets — a deeper reserve position than most independent day schools carry. Less exposed than peers to a one-year admissions shock.
Norfolk Academy reported $36.5M in revenue against $39.9M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $151.0M — about 3.79x annual operating expense.
Operating margin landed at -9.2%, with 76.6% of revenue coming from tuition. Among same-size peers, that puts Norfolk Academy at the p3 on operating margin.
$36.5M
REVENUE FY2023
-9.2%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Norfolk Academy: 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.
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WHERE THIS SCHOOL SITS · REVENUE SCALE VS PEERS
Among 20 similar peer schools, Norfolk Academy ranks 8th by latest 990 revenue.
Revenue scale
WHAT’S IN THE REPORT
- Financials — IRS Form 990, up to nine years on file.
- Enrollment & demand — IRS 990 tuition revenue + U.S. Census county births.
- Competition — NCES private (PSS) + public (CCD) school inventory.
- Demographics — U.S. Census Bureau, ACS 5-year estimates.
- Local economy — U.S. Bureau of Labor Statistics, QCEW and CES.
- Peer set — 1,620 independent schools with verified financials.
The full school report
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