SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Lake Forest Academy
Lake Forest, IL · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Lake Forest Academy looks durable. The school holds 2.4 years of operating cushion, on the lighter end for a boarding school. Revenue runs 75% tuition-dependent (peer median 80%), heavier than the boarding cohort typically carries, so the cushion does real work. Staff compensation runs 44% of expenses, leaner than the peer median. NACUBO Composite Financial Index: 5.9 / 10, strong.
Lake Forest Academy reported $38.1M in revenue against $36.3M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $86.5M — about 2.38x annual operating expense.
Operating margin landed at 4.6%, with 75.3% of revenue coming from tuition. Among same-size peers, that puts Lake Forest Academy at the p73 on operating margin.
$38.1M
REVENUE FY2023
4.6%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
Subscribe to see the full report.
Ten panels on Lake Forest 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.
ANNUAL SUBSCRIPTION · CANCEL ANYTIME · 99 FOUNDING SPOTS LEFT
WHERE THIS SCHOOL SITS · REVENUE SCALE VS PEERS
Among 20 similar peer schools, Lake Forest Academy ranks 3rd 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
Ten panels. One school. A year of access.
$250 a year — or $100 the first year for the founding 100.
ANNUAL SUBSCRIPTION · $100 FIRST YEAR FOR FOUNDING MEMBERS · CANCEL ANYTIME · 99 FOUNDING SPOTS LEFT