Broadwater Academy

Broadwater Academy looks strained. Reserves cover under 2 months of expenses, a precarious runway. Revenue runs 72% tuition-dependent (peer median 84%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 70% of expenses, generous relative to peers. Net assets are growing 8.6%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 0.3 / 10, re-engineer.

Broadwater Academy holds only 2 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

Broadwater Academy reported $4.4M in revenue against $4.4M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $660K — about 0.15x annual operating expense.

Operating margin landed at -0.2%, with 72.4% of revenue coming from tuition. Among same-size peers, that puts Broadwater Academy at the p30 on operating margin.