SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
New School
Kennebunk, ME · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
New School shows signs of real financial distress. Reserves cover under 1 months of expenses, a precarious runway. Revenue is unusually diversified at 60% tuition-dependent (peer median 83%). Staff compensation runs 67% of expenses, about par for the peer cohort. Three-year net-asset trend is negative (-8.8%/yr), indicating reserve drawdown. NACUBO Composite Financial Index: -0.5 / 10, distressed.
New School holds only 1 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.
New School reported $622K in revenue against $634K in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $71K — about 0.11x annual operating expense.
Operating margin landed at -2.0%, with 60.1% of revenue coming from tuition. Among same-size peers, that puts New School at the p40 on operating margin.
$622K
REVENUE FY2023
-2.0%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on New School: financial health, peer comparison, community demographics, paying & giving capacity, competitive position, enrollment demand, leadership compensation, governance — and the questions to ask. One subscription opens every school.
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WHERE THIS SCHOOL SITS · REVENUE SCALE VS PEERS
Among 20 similar peer schools, New School ranks 19th by latest 990 revenue.
Revenue scale
WHAT’S IN THE REPORT
- Financials — IRS Form 990, up to nine years on file.
- Enrollment & demand — IRS 990 tuition revenue + U.S. Census county births.
- Competition — NCES private (PSS) + public (CCD) school inventory.
- Demographics — U.S. Census Bureau, ACS 5-year estimates.
- Local economy — U.S. Bureau of Labor Statistics, QCEW and CES.
- Peer set — 1,620 independent schools with verified financials.
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