SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
North Country School
Lake Placid, NY · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
North Country School looks stable. The school holds 2.4 years of operating cushion, on the lighter end for a boarding school. Revenue runs 70% tuition-dependent (peer median 83%), moderate diversification with a meaningful endowment and contributions base. Staff compensation runs 47% of expenses, well below the peer median, worth understanding why. Expenses are outpacing revenue 9.7% vs 5.1% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 3.4 / 10, adequate — monitor.
North Country School reported $10.5M in revenue against $11.2M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $27.0M — about 2.41x annual operating expense.
Operating margin landed at -6.9%, with 70.1% of revenue coming from tuition. Among same-size peers, that puts North Country School at the p38 on operating margin.
$10.5M
REVENUE FY2023
-6.9%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on North Country 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, North Country School ranks 16th 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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