High Meadows School looks durable. The school holds 13 months of operating cushion, adequate runway. Revenue is 85% tuition-dependent (peer median 82%), concentrated but in line with most independent day schools. Staff compensation runs 69% of expenses, generous relative to peers. Net assets are growing 10.2%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 5.9 / 10, strong.
High Meadows School reported $10.9M in revenue against $10.2M in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $11.3M — about 1.11x annual operating expense.
Operating margin landed at 6.7%, with 85.5% of revenue coming from tuition. Among same-size peers, that puts High Meadows School at the p76 on operating margin.
Ten panels on High Meadows School: financial health, peer comparison, community demographics, paying & giving capacity, competitive position, enrollment demand, leadership compensation, governance — and the questions to ask. One subscription opens every school.
Ten panels. One school. A year of access.
$250 a year — or $100 the first year for the founding 100.
Why “revenue scale” and not “endowment per student”: independent-school 990s don’t carry per-school enrollment, and NCES PSS coverage is partial, so we cannot divide endowment by a verified student count for every school. The bar above is each school’s latest reported total revenue. True endowment-per-student is scheduled for v1.1+ once Schedule D Part V parsing lands.
Peers are scored by similarity along three equal-weighted dimensions: size cohort (Form 990 employee count + max-revenue tier, a proxy for student enrollment, which the 990 does not carry), geographic region (eight-region grouping), and association overlap (NAIS, NBOA, regional councils). We rank the top 20 nearest peers and chart the first 12 by latest reported revenue. Values are the school’s most recently filed total revenue on IRS Form 990.