SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Morgan Park Academy
Chicago, IL · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Morgan Park Academy shows signs of real financial distress. Reserves cover under 3 months of expenses, a precarious runway. Revenue is highly concentrated at 95% tuition-dependent (peer median 80%): 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. Three-year net-asset trend is negative (-3.3%/yr), indicating reserve drawdown. NACUBO Composite Financial Index: -1.4 / 10, distressed.
Morgan Park Academy operates at 95% tuition dependency — among the most tuition-reliant 7% of peers in its cohort. A soft admissions year would flow straight to operations.
Morgan Park Academy reported $10.0M in revenue against $10.8M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $2.7M — about 0.25x annual operating expense.
Operating margin landed at -8.1%, with 94.8% of revenue coming from tuition. Among same-size peers, that puts Morgan Park Academy at the p13 on operating margin.
$10.0M
REVENUE FY2023
-8.1%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Morgan Park Academy: 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, Morgan Park Academy ranks 13th 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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