SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
The Lerner School
Durham, NC · Independent school
THE READ · FREE SUMMARY
The Lerner School shows signs of real financial distress. Reserves cover under 0 months of expenses, a precarious runway. Revenue is highly concentrated at 92% tuition-dependent (peer median 87%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 59% of expenses, well below the peer median, worth understanding why. NACUBO Composite Financial Index: -2.4 / 10, distressed.
The Lerner School reported $3.1M in revenue against $3.3M in expenses in fiscal year 2022, the most recent filing on record. Net assets stood at $0.
Operating margin landed at -8.5%, with 92.0% of revenue coming from tuition. Among same-size peers, that puts The Lerner School at the p3 on operating margin.
$3.1M
REVENUE FY2022
-8.5%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2022
THE FULL REPORT
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Ten panels on The Lerner 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.
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WHERE THIS SCHOOL SITS · REVENUE SCALE VS PEERS
Among 20 similar peer schools, The Lerner School ranks 17th by latest 990 revenue.
Revenue scale
WHAT’S IN THE REPORT
- Financials — IRS Form 990, up to nine years on file.
- Enrollment & demand — IRS 990 tuition revenue + U.S. Census county births.
- Competition — NCES private (PSS) + public (CCD) school inventory.
- Demographics — U.S. Census Bureau, ACS 5-year estimates.
- Local economy — U.S. Bureau of Labor Statistics, QCEW and CES.
- Peer set — 1,620 independent schools with verified financials.
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