The Speyer Legacy School looks durable. Reserves cover 7 months of operating expense, a thin runway. 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 50% of expenses, well below the peer median, worth understanding why. NACUBO Composite Financial Index: 5.6 / 10, strong.
The Speyer Legacy 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.
The Speyer Legacy School reported $23.8M in revenue against $21.9M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $12.1M — about 0.55x annual operating expense.
Operating margin landed at 8.1%, with 92.1% of revenue coming from tuition. Among same-size peers, that puts The Speyer Legacy School at the p70 on operating margin.
Ten panels on The Speyer Legacy 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.
Ten panels. One school. A year of access.
$250 a year — or $100 the first year for the founding 100.
Why “revenue scale” and not “endowment per student”: independent-school 990s don’t carry per-school enrollment, and NCES PSS coverage is partial, so we cannot divide endowment by a verified student count for every school. The bar above is each school’s latest reported total revenue. True endowment-per-student is scheduled for v1.1+ once Schedule D Part V parsing lands.
Peers are scored by similarity along three equal-weighted dimensions: size cohort (Form 990 employee count + max-revenue tier, a proxy for student enrollment, which the 990 does not carry), geographic region (eight-region grouping), and association overlap (NAIS, NBOA, regional councils). We rank the top 20 nearest peers and chart the first 12 by latest reported revenue. Values are the school’s most recently filed total revenue on IRS Form 990.