Adam J. Lewis Academy

Adam J. Lewis Academy is burning the cushion faster than the 11-month buffer suggests. Expenses are outpacing revenue 20.3% vs 9.5% per year over three years, and the latest operating margin is -13.3% on a 49% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 7.0 more years — the full budget, by contrast, is covered for about 11 months if every revenue line stopped. The board conversation here is the recovery plan for the operating model and the timeline to break-even. NACUBO Composite Financial Index: 1.3 / 10, watch.

Adam J. Lewis Academy runs only 49% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.

Adam J. Lewis Academy reported $6.6M in revenue against $7.5M in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $7.0M — about 0.94x annual operating expense.

Operating margin landed at -13.3%, with 49.1% of revenue coming from tuition. Among same-size peers, that puts Adam J. Lewis Academy at the p73 on operating margin.