Norfolk Christian Schools

Norfolk Christian Schools sits in the watch range. Reserves cover 5 months of operating expense, a thin runway. Revenue is 85% tuition-dependent (peer median 83%), concentrated but in line with most independent day schools. Staff compensation runs 57% of expenses, leaner than the peer median. Expenses are outpacing revenue 11.2% vs 5.9% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 1.1 / 10, watch.

Norfolk Christian Schools holds only 5 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

Norfolk Christian Schools reported $12.6M in revenue against $12.8M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $5.8M — about 0.46x annual operating expense.

Operating margin landed at -1.6%, with 85.2% of revenue coming from tuition. Among same-size peers, that puts Norfolk Christian Schools at the p30 on operating margin.