Bridgton Academy

Bridgton Academy sits in the watch range. The school holds only 15 months of operating cushion, unusually thin for a boarding school's residential capex load. Revenue runs 93% tuition-dependent (peer median 86%), heavier than the boarding cohort typically carries, so the cushion does real work. Staff compensation runs 31% of expenses, well below the peer median, worth understanding why. Expenses are outpacing revenue 6.7% vs 2.5% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 1.9 / 10, watch.

Bridgton Academy operates at 93% tuition dependency — among the most tuition-reliant 13% of peers in its cohort. A soft admissions year would flow straight to operations.

Bridgton Academy reported $10.1M in revenue against $12.2M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $14.7M — about 1.21x annual operating expense.

Operating margin landed at -20.7%, with 93.4% of revenue coming from tuition. Among same-size peers, that puts Bridgton Academy at the p0 on operating margin.