Fayette Academy

Fayette Academy looks stable. Reserves cover 4 months of operating expense, a thin runway. Revenue is 88% tuition-dependent (peer median 86%), concentrated but in line with most independent day schools. Staff compensation runs 63% of expenses, about par for the peer cohort. NACUBO Composite Financial Index: 5.0 / 10, adequate — monitor.

Fayette Academy holds only 4 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

Fayette Academy reported $7.0M in revenue against $6.5M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $2.4M — about 0.37x annual operating expense.

Operating margin landed at 7.1%, with 88.4% of revenue coming from tuition. Among same-size peers, that puts Fayette Academy at the p45 on operating margin.