Suffield Academy looks durable. The school holds 4.2 years of operating cushion, on the lighter end for a boarding school. Revenue runs 67% tuition-dependent (peer median 79%), moderate diversification with a meaningful endowment and contributions base. Staff compensation runs 46% of expenses, leaner than the peer median. NACUBO Composite Financial Index: 8.1 / 10, strong.
Suffield Academy reported $40.2M in revenue against $36.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $152.2M — about 4.23x annual operating expense.
Operating margin landed at 10.4%, with 67.3% of revenue coming from tuition. Among same-size peers, that puts Suffield Academy at the p67 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.