SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
The Leelanau School
Glen Arbor, MI · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
The Leelanau School is burning the cushion faster than the 6-month buffer suggests. Expenses are outpacing revenue 5.2% vs -0.9% per year over three years, and the latest operating margin is -21.5% on a 83% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 2.4 more years — the full budget, by contrast, is covered for about 6 months if every revenue line stopped. The board conversation here is the recovery plan for the residential model and the timeline to break-even. NACUBO Composite Financial Index: -0.6 / 10, distressed.
The Leelanau School reported $2.9M in revenue against $3.5M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $1.8M — about 0.51x annual operating expense.
Operating margin landed at -21.5%, with 83.2% of revenue coming from tuition. Among same-size peers, that puts The Leelanau School at the p10 on operating margin.
$2.9M
REVENUE FY2023
-21.5%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on The Leelanau School: 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, The Leelanau School ranks 18th 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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