Tuscaloosa Academy

Tuscaloosa Academy looks durable. Reserves cover 9 months of operating expense, a thin runway. Revenue is 83% tuition-dependent (peer median 87%), concentrated but in line with most independent day schools. Staff compensation runs 61% of expenses, leaner than the peer median. Net assets are growing 18.5%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 7.7 / 10, strong.

Tuscaloosa Academy reported $8.2M in revenue against $7.2M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $5.2M — about 0.72x annual operating expense.

Operating margin landed at 12.5%, with 82.8% of revenue coming from tuition. Among same-size peers, that puts Tuscaloosa Academy at the p77 on operating margin.