Trustees Of Deerfield Academy looks durable. The school holds 12.5 years of operating cushion, a deep balance even by boarding-school standards. Revenue is unusually diversified at 46% tuition-dependent (peer median 81%), with the endowment and gifts carrying real weight. Staff compensation runs 44% of expenses, well below the peer median, worth understanding why. Expenses are outpacing revenue 9.6% vs -33.0% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 6.9 / 10, strong.
Trustees Of Deerfield Academy runs only 46% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.
Trustees Of Deerfield Academy reported $103.4M in revenue against $97.4M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $1.21B — about 12.46x annual operating expense.
Operating margin landed at 5.8%, with 45.5% of revenue coming from tuition. Among same-size peers, that puts Trustees Of Deerfield Academy at the p61 on operating margin.
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Why “revenue scale” and not “endowment per student”: independent-school 990s don’t carry per-school enrollment, and NCES PSS coverage is partial, so we cannot divide endowment by a verified student count for every school. The bar above is each school’s latest reported total revenue. True endowment-per-student is scheduled for v1.1+ once Schedule D Part V parsing lands.
Peers are scored by similarity along three equal-weighted dimensions: size cohort (Form 990 employee count + max-revenue tier, a proxy for student enrollment, which the 990 does not carry), geographic region (eight-region grouping), and association overlap (NAIS, NBOA, regional councils). We rank the top 20 nearest peers and chart the first 12 by latest reported revenue. Values are the school’s most recently filed total revenue on IRS Form 990.