Hoosac School

Hoosac School looks durable. The school holds only 11 months of operating cushion, unusually thin for a boarding school's residential capex load. Revenue runs 89% tuition-dependent (peer median 82%), heavier than the boarding cohort typically carries, so the cushion does real work. Staff compensation runs 27% of expenses, well below the peer median, worth understanding why. Net assets are growing 21.2%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 7.1 / 10, strong.

Hoosac School reported $12.5M in revenue against $11.3M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $10.9M — about 0.96x annual operating expense.

Operating margin landed at 9.5%, with 88.5% of revenue coming from tuition. Among same-size peers, that puts Hoosac School at the p82 on operating margin.