SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Keystone School-San Antonio
San Antonio, TX · Independent school
THE READ · FREE SUMMARY
Keystone School-San Antonio looks durable. The school holds 14 months of operating cushion, adequate runway. Revenue is highly concentrated at 94% tuition-dependent (peer median 85%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 72% of expenses, generous relative to peers. Expenses are outpacing revenue 6.7% vs 2.5% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 6.0 / 10, strong.
Keystone School-San Antonio operates at 94% tuition dependency — among the most tuition-reliant 4% of peers in its cohort. A soft admissions year would flow straight to operations.
Keystone School-San Antonio reported $12.4M in revenue against $11.8M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $13.7M — about 1.17x annual operating expense.
Operating margin landed at 4.8%, with 93.8% of revenue coming from tuition. Among same-size peers, that puts Keystone School-San Antonio at the p57 on operating margin.
$12.4M
REVENUE FY2023
4.8%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Keystone School-San Antonio: 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, Keystone School-San Antonio ranks 4th 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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