Compare two schools.
A candidate interviewing at two schools doesn’t want two separate reports. A sitting Head doesn’t read about Phillips Andover alone — they read it alongside Lawrenceville. Pick two and read them in parallel.
The Westminster Schools is a day school; The Lawrenceville School is a boarding school. Day and boarding schools run on different financial models — they hold net assets differently, dorms and dining change the cost base, and lining up two different types can make a fair one look worse than it is. You can still read them side by side below; just keep the type difference in mind.
The Westminster Schools
The Lawrenceville School
On the money side, The Lawrenceville School scores higher on HiveCheck's Composite Financial Index (CFI) estimate: 8.1, in the range HiveCheck labels strong, against 4.8 (adequate — monitor) for The Westminster Schools.
The Lawrenceville School's net assets equal about 9.5 years of expenses, against 4.0 years at The Westminster Schools (buildings and restricted gifts included in both).
The Lawrenceville School is the larger institution — $120.1M in annual revenue against $94.5M at The Westminster Schools (enrolling roughly 818 and 1,900 students, respectively).
One contrast worth flagging: on its latest Form 990, The Westminster Schools's expenses exceeded its revenue by about 15% of revenue, while The Lawrenceville School's revenue exceeded its expenses by about 3%.
A quick read of the biggest differences. Every number behind it is in the columns below, each with a plain-English note on what the gap means.
The Westminster Schools scores between 3 and 5 on HiveCheck's Composite Financial Index (CFI) estimate, the range HiveCheck labels adequate — monitor. Net assets equal 4.0 years of expenses (buildings and restricted gifts included). Revenue runs 79% tuition-dependent (HiveCheck peer-group median 78%), below the 82% median across the schools HiveCheck covers, with contributions and investment income together covering 20% of revenue. Staff compensation runs 57% of expenses, about par for its matched peer group. Expenses grew faster than revenue over three years, 6.6% vs 4.3% per year. HiveCheck's CFI estimate: 4.8 on a scale of −4 to 10, in the range HiveCheck labels adequate — monitor.
The Lawrenceville School scores 5 or higher on HiveCheck's Composite Financial Index (CFI) estimate, the range HiveCheck labels strong. Net assets equal 9.5 years of expenses (buildings and restricted gifts included). Revenue is unusually diversified at 54% tuition-dependent (HiveCheck peer-group median 78%), with contributions and investment income together covering 44% of revenue. Staff compensation runs 45% of expenses, well below the peer median. Net assets grew 5.9% per year over the three-year window. HiveCheck's CFI estimate: 8.1 on a scale of −4 to 10, in the range HiveCheck labels strong.
Segment note · The Lawrenceville School. The Lawrenceville School is a residential boarding school. Boarding schools operate full residential programs on top of academics, which shifts how to read the financials: (a) net assets typically equal more years of expenses than at a day school, because dorms, dining halls, and residential plant sit on the balance sheet and endowments tend to be larger (none of that is cash the school could spend), (b) revenue per student is higher because tuition covers room and board, (c) tuition dependency often runs high alongside a large endowment, so read the two together, (d) staff comp is often higher because residential faculty carry housing and benefits beyond salary. Read the percentiles below against same-segment peers, not the full K-12 cohort.