Lawrence Academy

Lawrence Academy looks durable. The school holds 2.5 years of operating cushion, on the lighter end for a boarding school. Revenue runs 76% tuition-dependent (HiveCheck peer-group median 78%), heavier than the boarding cohort typically carries, so the cushion does real work. Staff compensation runs 47% of expenses, leaner than the peer median. Expenses are outpacing revenue 4.7% vs -4.6% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 7.8 / 10, strong.

Lawrence Academy reported $37.8M in revenue against $34.1M in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $85.7M — about 2.52x annual operating expense.

Operating margin landed at 9.8%, with 75.6% of revenue coming from tuition. Among same-size peers, that puts Lawrence Academy at the p62 on operating margin.