First State Military Academy
Clayton, Delaware
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Poor
How This Organization Compares
Compared to 4 peers in Education with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
11 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $7,588,163↑4% | $9,264,822↑7% | $13,339,199↓17% | |
| 2022 | $7,319,999↑1% | $8,641,941↑6% | $16,149,457↑8% | — |
| 2021 | $7,272,088↑11% | $8,166,677↑12% | $14,894,990↑17% | — |
| 2020 | $6,534,623↑16% | $7,293,316↑9% | $12,682,234↑12% | — |
| 2019 | $5,618,784↑7% | $6,688,448↑16% | $11,367,607↑17% | — |
| 2018 | $5,271,988↑44% | $5,755,775↑42% | $9,694,200↑38% | — |
| 2017 | $3,671,751↑204% | $4,046,062↑148% | $7,031,881↑8% | — |
| 2016 | $1,207,150↑6% | $1,634,064↓16% | $6,514,350↑9% | — |
| 2015 | $1,140,036↑263% | $1,951,186↑1823% | $5,993,882↑211% | — |
| 2014 | $313,847↓3% | $101,455↑406% | $1,925,641↑530% | — |
| 2013 | $325,018 | $20,037 | $305,631 | — |
Frequently Asked Questions
What does First State Military Academy do?▼
First State Military Academy is a education nonprofit organization based in Delaware. It is classified under NTEE code B29 and is registered as a 501(c) tax-exempt organization with the IRS.
Is First State Military Academy financially healthy?▼
Based on our 9-metric Financial Health Score model, First State Military Academy has a score of 30/100 (Grade: D). 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 First State Military Academy generate?▼
First State Military Academy reports $7.1M in annual revenue and holds $12.1M in total assets, based on IRS filings.