BEducationEIN: 830449310· Ruling Year: 2007

Voyager Academy Inc

Durham, North Carolina

B-Health Score
51B-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Average

How This Organization Compares

Compared to 73 peers in Education with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org-0.37×
Peer Median9.48×
💰
$18.0M
Total Revenue
📊
$14.8M
Total Expenses
🏦
-$5.5M
Net Assets
📋
$22.4M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+9.6%
Year-over-year change (2022 → 2023)
Net Margin
+17.7%
Revenue minus expenses as % of revenue
Working Capital Ratio
-0.37
Net assets divided by total expenses
Liabilities-to-Assets
132.9%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$18,029,45310%$14,843,78510%$16,849,41927%
2022$16,457,03411%$13,447,7362%$13,235,88513%
2021$14,830,8984%$13,191,0754%$11,700,5179%
2020$14,217,6401%$13,684,8666%$10,693,11912%
2019$14,350,7559%$12,876,6713%$9,574,80914%
2018$13,207,6372%$13,226,3435%$8,369,76135%
2017$12,909,4391%$12,624,4156%$6,179,740100%
2016$12,794,8583%$11,876,7611%$3,091,05714%
2015$12,448,87710%$11,734,1326%$2,700,53031%
2014$11,344,1759%$11,112,08112%$2,060,44613%
2013$10,390,98347%$9,964,95844%$1,819,05431%
2012$7,060,65340%$6,921,61545%$1,389,43811%
2011$5,056,323$4,760,533$1,250,576

Frequently Asked Questions

What does Voyager Academy Inc do?

Voyager Academy Inc is a education nonprofit organization based in North Carolina. It is classified under NTEE code B29 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Voyager Academy Inc financially healthy?

Based on our 9-metric Financial Health Score model, Voyager Academy Inc has a score of 51/100 (Grade: B-). 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 Voyager Academy Inc generate?

Voyager Academy Inc reports $18.4M in annual revenue and holds $20.3M in total assets, based on IRS filings.

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