Westbury Friends School looks durable. The school holds 17 months of operating cushion, adequate runway. Revenue is unusually diversified at 53% tuition-dependent (peer median 79%). Staff compensation runs 69% of expenses, about par for the peer cohort. Net assets are growing 5.6%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 9.8 / 10, strong.
Westbury Friends School runs only 53% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.
Westbury Friends School reported $1.3M in revenue against $935K in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $1.3M — about 1.44x annual operating expense.
Operating margin landed at 28.9%, with 52.7% of revenue coming from tuition. Among same-size peers, that puts Westbury Friends School at the p93 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.