Montclair Kimberley Academy

Montclair Kimberley Academy looks durable. The school holds 1.8 years of operating cushion, a healthy buffer. Revenue is 89% tuition-dependent (peer median 84%), concentrated but in line with most independent day schools. Staff compensation runs 59% of expenses, about par for the peer cohort. Expenses are outpacing revenue 5.8% vs 2.2% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 8.1 / 10, strong.

Montclair Kimberley Academy reported $57.4M in revenue against $52.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $91.9M — about 1.77x annual operating expense.

Operating margin landed at 9.4%, with 88.7% of revenue coming from tuition. Among same-size peers, that puts Montclair Kimberley Academy at the p77 on operating margin.