St Stephen's Episcopal School

St Stephen's Episcopal School shows signs of real financial distress. Reserves cover under 1 months of expenses, a precarious runway. Revenue is highly concentrated at 93% tuition-dependent (peer median 88%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 70% of expenses, about par for the peer cohort. Expenses are outpacing revenue 12.6% vs 7.9% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: -1.5 / 10, distressed.

St Stephen's Episcopal School holds only 1 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

St Stephen's Episcopal School reported $4.3M in revenue against $4.5M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $375K — about 0.08x annual operating expense.

Operating margin landed at -3.5%, with 93.2% of revenue coming from tuition. Among same-size peers, that puts St Stephen's Episcopal School at the p40 on operating margin.