SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Midwest Academy Inc
Carmel, IN · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Midwest Academy Inc sits in the watch range. The school holds 17 months of operating cushion, adequate runway. Revenue is 84% tuition-dependent (peer median 82%), concentrated but in line with most independent day schools. Staff compensation runs 67% of expenses, about par for the peer cohort. Expenses are outpacing revenue 8.7% vs 2.4% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 2.6 / 10, watch.
Midwest Academy Inc reported $2.6M in revenue against $2.7M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $3.8M — about 1.42x annual operating expense.
Operating margin landed at -4.9%, with 83.7% of revenue coming from tuition. Among same-size peers, that puts Midwest Academy Inc at the p23 on operating margin.
$2.6M
REVENUE FY2023
-4.9%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Midwest Academy Inc: 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.
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WHERE THIS SCHOOL SITS · REVENUE SCALE VS PEERS
Among 20 similar peer schools, Midwest Academy Inc ranks 15th by latest 990 revenue.
Revenue scale
WHAT’S IN THE REPORT
- Financials — IRS Form 990, up to nine years on file.
- Enrollment & demand — IRS 990 tuition revenue + U.S. Census county births.
- Competition — NCES private (PSS) + public (CCD) school inventory.
- Demographics — U.S. Census Bureau, ACS 5-year estimates.
- Local economy — U.S. Bureau of Labor Statistics, QCEW and CES.
- Peer set — 1,620 independent schools with verified financials.
The full school report
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