Northstar Academy

Northstar Academy looks durable. The school holds 3.3 years of operating cushion: deep institutional balance. Revenue runs 67% tuition-dependent (peer median 84%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 72% of expenses, generous relative to peers. Expenses are outpacing revenue 4.7% vs -1.4% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 8.9 / 10, strong.

Northstar Academy holds 3.3 years of operating expense in net assets — a deeper reserve position than most independent day schools carry. Less exposed than peers to a one-year admissions shock.

Northstar Academy reported $5.8M in revenue against $4.6M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $15.1M — about 3.31x annual operating expense.

Operating margin landed at 21.4%, with 67.4% of revenue coming from tuition. Among same-size peers, that puts Northstar Academy at the p87 on operating margin.