Hebrew Academy of Cleveland

Hebrew Academy of Cleveland looks stable. The school holds 2.1 years of operating cushion, a healthy buffer. Revenue runs 71% tuition-dependent (peer median 82%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 44% of expenses, well below the peer median, worth understanding why. Expenses are outpacing revenue 6.5% vs -7.0% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 4.4 / 10, adequate — monitor.

Hebrew Academy of Cleveland reported $30.6M in revenue against $31.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $64.1M — about 2.07x annual operating expense.

Operating margin landed at -1.2%, with 71.1% of revenue coming from tuition. Among same-size peers, that puts Hebrew Academy of Cleveland at the p23 on operating margin.