SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
The Quad Preparatory School
New York, NY · Independent K-12NAIS MEMBER
THE READ · FREE SUMMARY
The Quad Preparatory School shows signs of real financial distress. On the latest filing, net assets are negative on the latest filing — liabilities exceed total assets, so there is no reserve cushion. Revenue is highly concentrated at 91% tuition-dependent (peer median 84%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 68% of expenses, generous relative to peers. Expenses are outpacing revenue 17.7% vs 14.3% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: -2.1 / 10, distressed.
The Quad Preparatory School operates at 91% tuition dependency — among the most tuition-reliant 20% of peers in its cohort. A soft admissions year would flow straight to operations.
The Quad Preparatory School reported $27.7M in revenue against $28.4M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at -$6.1M.
Operating margin landed at -2.5%, with 91.0% of revenue coming from tuition. Among same-size peers, that puts The Quad Preparatory School at the p33 on operating margin.
$27.7M
REVENUE FY2023
-2.5%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on The Quad Preparatory 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 Quad Preparatory School ranks 11th 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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