Laurens Academy

Laurens Academy looks durable. The school holds 13 months of operating cushion, adequate runway. Revenue is 85% tuition-dependent (peer median 89%), concentrated but in line with most independent day schools. Staff compensation runs 49% of expenses, well below the peer median, worth understanding why. Net assets are growing 34.1%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 8.6 / 10, strong.

Laurens Academy reported $2.6M in revenue against $1.9M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $2.1M — about 1.08x annual operating expense.

Operating margin landed at 23.8%, with 85.4% of revenue coming from tuition. Among same-size peers, that puts Laurens Academy at the p89 on operating margin.