Fayetteville Academy

Fayetteville Academy looks stable. The school holds 9 months of operating cushion, adequate runway. Revenue is 87% tuition-dependent (peer median 80%), concentrated but in line with most independent day schools. Staff compensation runs 73% of expenses, generous relative to peers. Net assets are growing 8.3%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 4.7 / 10, adequate — monitor.

Fayetteville Academy reported $7.1M in revenue against $6.8M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $5.3M — about 0.77x annual operating expense.

Operating margin landed at 4.3%, with 87.1% of revenue coming from tuition. Among same-size peers, that puts Fayetteville Academy at the p33 on operating margin.