St Anne School

St Anne School shows signs of real financial distress. Reserves cover 4 months of operating expense, a thin runway. Revenue is highly concentrated at 91% tuition-dependent (peer median 88%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 66% of expenses, generous relative to peers. Expenses are outpacing revenue 12.9% vs 8.9% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: -0.1 / 10, distressed.

St Anne School holds only 4 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

St Anne School reported $13.7M in revenue against $14.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $5.2M — about 0.37x annual operating expense.

Operating margin landed at -2.3%, with 91.3% of revenue coming from tuition. Among same-size peers, that puts St Anne School at the p37 on operating margin.