SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Worcester Preparatory School
Berlin, MD · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Worcester Preparatory School looks durable. The school holds 2.1 years of operating cushion, a healthy buffer. Revenue is 88% tuition-dependent (peer median 86%), concentrated but in line with most independent day schools. Staff compensation runs 62% of expenses, about par for the peer cohort. Expenses are outpacing revenue 8.6% vs 4.9% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 6.9 / 10, strong.
Worcester Preparatory School reported $9.4M in revenue against $8.7M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $18.6M — about 2.13x annual operating expense.
Operating margin landed at 7.1%, with 88.4% of revenue coming from tuition. Among same-size peers, that puts Worcester Preparatory School at the p70 on operating margin.
$9.4M
REVENUE FY2023
7.1%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Worcester 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, Worcester Preparatory School ranks 15th 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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