Island Pacific Academy

Island Pacific Academy sits in the watch range. Reserves cover 8 months of operating expense, a thin runway. Revenue is highly concentrated at 95% tuition-dependent (peer median 82%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 59% of expenses, leaner than the peer median. Net assets are growing 35.3%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 2.9 / 10, watch.

Island Pacific Academy operates at 95% tuition dependency — among the most tuition-reliant 10% of peers in its cohort. A soft admissions year would flow straight to operations.

Island Pacific Academy reported $12.3M in revenue against $12.2M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $8.4M — about 0.69x annual operating expense.

Operating margin landed at 0.9%, with 94.7% of revenue coming from tuition. Among same-size peers, that puts Island Pacific Academy at the p37 on operating margin.