Indian Creek School

Indian Creek School sits in the watch range. The school holds 10 months of operating cushion, adequate runway. Revenue is highly concentrated at 94% tuition-dependent (peer median 85%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 51% of expenses, well below the peer median, worth understanding why. Expenses are outpacing revenue 6.5% vs 4.5% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 2.8 / 10, watch.

Indian Creek School operates at 94% tuition dependency — among the most tuition-reliant 13% of peers in its cohort. A soft admissions year would flow straight to operations.

Indian Creek School reported $19.0M in revenue against $18.8M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $15.5M — about 0.82x annual operating expense.

Operating margin landed at 0.8%, with 93.8% of revenue coming from tuition. Among same-size peers, that puts Indian Creek School at the p47 on operating margin.