SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Knox School
St James, NY · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Knox School shows signs of real financial distress. On the latest filing, net assets are negative on the latest filing — liabilities exceed total assets, so there is no reserve cushion. Revenue runs 96% tuition-dependent (peer median 86%), heavier than the boarding cohort typically carries, so the cushion does real work. Staff compensation runs 36% of expenses, well below the peer median, worth understanding why. NACUBO Composite Financial Index: -3.8 / 10, distressed.
Knox School operates at 96% tuition dependency — among the most tuition-reliant 3% of peers in its cohort. A soft admissions year would flow straight to operations.
Knox School reported $6.8M in revenue against $7.8M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at -$13.0M.
Operating margin landed at -14.2%, with 96.0% of revenue coming from tuition. Among same-size peers, that puts Knox School at the p20 on operating margin.
$6.8M
REVENUE FY2023
-14.2%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Knox 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, Knox School ranks 13th 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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