Pee Dee Academy

Pee Dee Academy looks durable. Reserves cover 8 months of operating expense, a thin runway. Revenue is 87% tuition-dependent (peer median 89%), concentrated but in line with most independent day schools. Staff compensation runs 80% of expenses, generous relative to peers. Net assets are growing 21.5%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 6.1 / 10, strong.

Pee Dee Academy reported $2.9M in revenue against $2.7M in expenses in fiscal year 2022, the most recent filing on record. Net assets stood at $1.8M — about 0.66x annual operating expense.

Operating margin landed at 6.6%, with 86.9% of revenue coming from tuition. Among same-size peers, that puts Pee Dee Academy at the p61 on operating margin.