St. Andrew's School (Delaware)

St. Andrew's School (Delaware) looks stable. The school holds 10.2 years of operating cushion, a deep balance even by boarding-school standards. Revenue runs 64% tuition-dependent (HiveCheck peer-group median 76%), moderate diversification with a meaningful endowment and contributions base. Staff compensation runs 44% of expenses, leaner than the peer median. Expenses are outpacing revenue 6.1% vs 1.5% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 4.4 / 10, adequate — monitor.

St. Andrew's School (Delaware) carries 10.2 years of operating cushion in net assets — a balance even most established boarding schools don't hold. The endowment is doing the work most peer schools rely on tuition to do.

St. Andrew's School (Delaware) reported $34.3M in revenue against $35.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $356.2M — about 10.18x annual operating expense.

Operating margin landed at -2.0%, with 63.8% of revenue coming from tuition. Among same-size peers, that puts St. Andrew's School (Delaware) at the p23 on operating margin.