Woodward Academy Inc

Woodward Academy Inc looks stable. The school holds 2.2 years of operating cushion, a healthy buffer. Revenue is 87% tuition-dependent (peer median 80%), concentrated but in line with most independent day schools. Staff compensation runs 61% of expenses, about par for the peer cohort. Expenses are outpacing revenue 6.3% vs 1.2% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 4.6 / 10, adequate — monitor.

Woodward Academy Inc reported $99.1M in revenue against $100.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $221.2M — about 2.21x annual operating expense.

Operating margin landed at -0.9%, with 87.5% of revenue coming from tuition. Among same-size peers, that puts Woodward Academy Inc at the p23 on operating margin.