SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Garrison Forest School
Owings Mills, MD · Independent K-12NAIS MEMBER
THE READ · FREE SUMMARY
Garrison Forest School looks stable. The school holds 2.9 years of operating cushion, a healthy buffer. Revenue runs 76% tuition-dependent (peer median 80%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 48% of expenses, well below the peer median, worth understanding why. Expenses are outpacing revenue 7.0% vs 0.4% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 3.6 / 10, adequate — monitor.
Garrison Forest School reported $30.3M in revenue against $31.6M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $90.7M — about 2.88x annual operating expense.
Operating margin landed at -4.3%, with 76.3% of revenue coming from tuition. Among same-size peers, that puts Garrison Forest School at the p17 on operating margin.
$30.3M
REVENUE FY2023
-4.3%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Garrison Forest 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, Garrison Forest School ranks 13th 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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