The Summit Preparatory School

The Summit Preparatory School looks stable. Reserves cover under 3 months of expenses, a precarious runway. Revenue runs 73% tuition-dependent (peer median 83%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 61% of expenses, leaner than the peer median. Expenses are outpacing revenue 9.2% vs 5.9% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 3.7 / 10, adequate — monitor.

The Summit Preparatory School holds only 3 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

The Summit Preparatory School reported $2.6M in revenue against $2.5M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $584K — about 0.23x annual operating expense.

Operating margin landed at 3.8%, with 72.7% of revenue coming from tuition. Among same-size peers, that puts The Summit Preparatory School at the p67 on operating margin.