Thomas Heyward Academy

Thomas Heyward Academy looks stable. The school holds 11 months of operating cushion, adequate runway. Revenue is highly concentrated at 91% tuition-dependent (peer median 89%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 63% of expenses, leaner than the peer median. Expenses are outpacing revenue 5.9% vs 3.3% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 3.9 / 10, adequate — monitor.

Thomas Heyward Academy reported $2.1M in revenue against $2.1M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $2.0M — about 0.96x annual operating expense.

Operating margin landed at 1.1%, with 91.1% of revenue coming from tuition. Among same-size peers, that puts Thomas Heyward Academy at the p50 on operating margin.