School Year Abroad

School Year Abroad looks durable. The school holds 3.3 years of operating cushion: deep institutional balance. Revenue is 81% tuition-dependent (peer median 83%), concentrated but in line with most independent day schools. Staff compensation runs 42% of expenses, well below the peer median, worth understanding why. Net assets are growing 11.5%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 9.6 / 10, strong.

School Year Abroad holds 3.3 years of operating expense in net assets — a deeper reserve position than most independent day schools carry. Less exposed than peers to a one-year admissions shock.

School Year Abroad reported $14.8M in revenue against $12.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $40.0M — about 3.34x annual operating expense.

Operating margin landed at 18.8%, with 81.4% of revenue coming from tuition. Among same-size peers, that puts School Year Abroad at the p93 on operating margin.