Woodstock Academy

Woodstock Academy sits in the watch range. Reserves cover 6 months of operating expense, a thin runway. Revenue is 89% tuition-dependent (peer median 80%), concentrated but in line with most independent day schools. Staff compensation runs 69% of expenses, generous relative to peers. Expenses are outpacing revenue 9.9% vs 7.6% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 2.3 / 10, watch.

Woodstock Academy reported $24.9M in revenue against $24.5M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $12.7M — about 0.52x annual operating expense.

Operating margin landed at 1.6%, with 88.7% of revenue coming from tuition. Among same-size peers, that puts Woodstock Academy at the p47 on operating margin.