SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Key School Inc
Annapolis, MD · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Key School Inc sits in the watch range. The school holds 1.5 years of operating cushion, a healthy buffer. Revenue is highly concentrated at 93% tuition-dependent (peer median 82%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 59% of expenses, about par for the peer cohort. Expenses are outpacing revenue 7.3% vs 4.5% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 2.6 / 10, watch.
Key School Inc operates at 93% tuition dependency — among the most tuition-reliant 17% of peers in its cohort. A soft admissions year would flow straight to operations.
Key School Inc reported $23.1M in revenue against $24.8M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $37.7M — about 1.52x annual operating expense.
Operating margin landed at -7.6%, with 92.7% of revenue coming from tuition. Among same-size peers, that puts Key School Inc at the p13 on operating margin.
$23.1M
REVENUE FY2023
-7.6%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Key School Inc: 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, Key School Inc ranks 12th 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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