Millwood School

Millwood School looks durable. Reserves cover under 3 months of expenses, a precarious runway. Revenue runs 72% tuition-dependent (peer median 83%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 71% of expenses, generous relative to peers. Expenses are outpacing revenue 21.3% vs 14.1% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 6.1 / 10, strong.

Millwood School holds only 3 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

Millwood School reported $6.1M in revenue against $5.3M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $1.1M — about 0.21x annual operating expense.

Operating margin landed at 13.1%, with 72.2% of revenue coming from tuition. Among same-size peers, that puts Millwood School at the p72 on operating margin.