SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Friends School of Minnesota
St. Paul, MN · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Friends School of Minnesota sits in the watch range. The school holds 12 months of operating cushion, adequate runway. Revenue runs 68% tuition-dependent (peer median 84%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 76% of expenses, generous relative to peers. Three-year net-asset trend is negative (-8.0%/yr), indicating reserve drawdown. NACUBO Composite Financial Index: 1.3 / 10, watch.
Friends School of Minnesota reported $2.9M in revenue against $3.2M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $3.3M — about 1.04x annual operating expense.
Operating margin landed at -9.8%, with 67.9% of revenue coming from tuition. Among same-size peers, that puts Friends School of Minnesota at the p29 on operating margin.
$2.9M
REVENUE FY2023
-9.8%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Friends School of Minnesota: 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, Friends School of Minnesota 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.
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