SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Marshall School
Duluth, MN · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Marshall School looks stable. The school holds 12 months of operating cushion, adequate runway. Revenue is 88% tuition-dependent (peer median 82%), concentrated but in line with most independent day schools. Staff compensation runs 50% of expenses, well below the peer median, worth understanding why. NACUBO Composite Financial Index: 3.6 / 10, adequate — monitor.
Marshall School reported $12.0M in revenue against $12.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $11.6M — about 0.97x annual operating expense.
Operating margin landed at -0.3%, with 87.9% of revenue coming from tuition. Among same-size peers, that puts Marshall School at the p47 on operating margin.
$12.0M
REVENUE FY2023
-0.3%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Marshall 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, Marshall School ranks 14th 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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