SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Franklin Academy Incorporated
East Haddam, CT · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Franklin Academy Incorporated shows signs of real financial distress. On the latest filing, net assets are negative on the latest filing — liabilities exceed total assets, so there is no reserve cushion. Revenue is highly concentrated at 96% tuition-dependent (peer median 89%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 63% of expenses, about par for the peer cohort. Expenses are outpacing revenue 4.8% vs 1.6% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: -3.2 / 10, distressed.
Franklin Academy Incorporated operates at 96% tuition dependency — among the most tuition-reliant 7% of peers in its cohort. A soft admissions year would flow straight to operations.
Franklin Academy Incorporated reported $7.8M in revenue against $8.3M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at -$2.9M.
Operating margin landed at -7.2%, with 96.0% of revenue coming from tuition. Among same-size peers, that puts Franklin Academy Incorporated at the p30 on operating margin.
$7.8M
REVENUE FY2023
-7.2%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Franklin Academy Incorporated: 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, Franklin Academy Incorporated ranks 9th 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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