SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Waldorf School at Moraine Farm
Beverly, MA · Independent school
THE READ · FREE SUMMARY
Waldorf School at Moraine Farm shows signs of real financial distress. Reserves cover 7 months of operating expense, a thin runway. Revenue is highly concentrated at 96% tuition-dependent (peer median 86%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 77% of expenses, generous relative to peers. Three-year net-asset trend is negative (-4.8%/yr), indicating reserve drawdown. NACUBO Composite Financial Index: -0.6 / 10, distressed.
Waldorf School at Moraine Farm operates at 96% tuition dependency — among the most tuition-reliant 14% of peers in its cohort. A soft admissions year would flow straight to operations.
Waldorf School at Moraine Farm reported $2.0M in revenue against $2.3M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $1.2M — about 0.55x annual operating expense.
Operating margin landed at -15.7%, with 96.1% of revenue coming from tuition. Among same-size peers, that puts Waldorf School at Moraine Farm at the p14 on operating margin.
$2.0M
REVENUE FY2023
-15.7%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Waldorf School at Moraine Farm: 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, Waldorf School at Moraine Farm ranks 18th 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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