SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
The Independent Day School
Middlefield, CT · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
The Independent Day School shows signs of real financial distress. Reserves cover 6 months of operating expense, a thin runway. Revenue is 88% tuition-dependent (peer median 86%), concentrated but in line with most independent day schools. Staff compensation runs 56% of expenses, leaner than the peer median. Three-year net-asset trend is negative (-9.0%/yr), indicating reserve drawdown. NACUBO Composite Financial Index: -0.8 / 10, distressed.
The Independent Day School holds only 6 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.
The Independent Day School reported $4.1M in revenue against $4.6M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $2.2M — about 0.49x annual operating expense.
Operating margin landed at -11.0%, with 88.3% of revenue coming from tuition. Among same-size peers, that puts The Independent Day School at the p10 on operating margin.
$4.1M
REVENUE FY2023
-11.0%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on The Independent Day School: 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, The Independent Day School ranks 15th 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.
The full school report
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