SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Rutgers Preparatory School
Somerset, NJ · Independent K-12NAIS MEMBER
THE READ · FREE SUMMARY
Rutgers Preparatory School looks durable. The school holds 1.9 years of operating cushion, a healthy buffer. Revenue is highly concentrated at 92% tuition-dependent (peer median 84%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 60% of expenses, about par for the peer cohort. Expenses are outpacing revenue 7.3% vs 4.6% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 7.8 / 10, strong.
Rutgers Preparatory School operates at 92% tuition dependency — among the most tuition-reliant 17% of peers in its cohort. A soft admissions year would flow straight to operations.
Rutgers Preparatory School reported $34.0M in revenue against $31.1M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $58.6M — about 1.89x annual operating expense.
Operating margin landed at 8.5%, with 91.7% of revenue coming from tuition. Among same-size peers, that puts Rutgers Preparatory School at the p60 on operating margin.
$34.0M
REVENUE FY2023
8.5%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Rutgers Preparatory 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, Rutgers Preparatory School ranks 12th 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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