Heronfield Academy

Heronfield Academy looks durable. The school holds 17 months of operating cushion, adequate runway. Revenue is highly concentrated at 91% tuition-dependent (peer median 82%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 65% of expenses, about par for the peer cohort. Net assets are growing 8.9%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 8.4 / 10, strong.

Heronfield Academy operates at 91% tuition dependency — among the most tuition-reliant 20% of peers in its cohort. A soft admissions year would flow straight to operations.

Heronfield Academy reported $2.8M in revenue against $2.5M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $3.5M — about 1.40x annual operating expense.

Operating margin landed at 12.1%, with 90.7% of revenue coming from tuition. Among same-size peers, that puts Heronfield Academy at the p73 on operating margin.