Norwich Free Academy
Norwich, Connecticut
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Very Good
How This Organization Compares
Compared to 73 peers in Education with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
12 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $46,787,226↓3% | $43,368,650↑9% | $47,149,497↑15% | — |
| 2022 | $48,469,342↑14% | $39,733,703↑1% | $40,829,641↓7% | — |
| 2021 | $42,617,337↑14% | $39,532,672↓1% | $43,738,913↑1% | — |
| 2020 | $37,532,143↑2% | $39,829,495↑3% | $43,430,200↑4% | — |
| 2019 | $36,823,927↑3% | $38,714,866↑2% | $41,658,815↓4% | — |
| 2018 | $35,897,296↓2% | $38,124,590 | $43,189,980↓6% | — |
| 2017 | $36,557,149↑3% | $38,094,252 | $46,000,467↓1% | — |
| 2016 | $35,487,889↑7% | $37,981,607↑9% | $46,544,203↓7% | — |
| 2014 | $33,205,728 | $34,926,339 | $50,082,343↓1% | — |
| 2013 | $33,057,723↑4% | $34,889,986↑13% | $50,650,470↓5% | — |
| 2012 | $31,798,982↓15% | $30,959,983↓1% | $53,280,860 | — |
| 2011 | $37,473,353 | $31,169,757 | $53,465,941 | — |
Frequently Asked Questions
What does Norwich Free Academy do?▼
Norwich Free Academy is a education nonprofit organization based in Connecticut. It is classified under NTEE code B250 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Norwich Free Academy financially healthy?▼
Based on our 9-metric Financial Health Score model, Norwich Free Academy has a score of 80/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Norwich Free Academy generate?▼
Norwich Free Academy reports $39.9M in annual revenue and holds $46.2M in total assets, based on IRS filings.
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