Midland Classical Academy

Midland Classical Academy looks durable. The school holds 2.3 years of operating cushion, a healthy buffer. Revenue runs 70% tuition-dependent (peer median 88%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 57% of expenses, about par for the peer cohort. Expenses are outpacing revenue 11.0% vs 0.2% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 8.4 / 10, strong.

Midland Classical Academy reported $6.3M in revenue against $5.5M in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $12.7M — about 2.31x annual operating expense.

Operating margin landed at 12.6%, with 69.8% of revenue coming from tuition. Among same-size peers, that puts Midland Classical Academy at the p45 on operating margin.