SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Santa Fe Preparatory School
Santa Fe, NM · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Santa Fe Preparatory School is burning the cushion faster than the 2.5-year buffer suggests. Expenses are outpacing revenue 5.8% vs 0.8% per year over three years, and the latest operating margin is -29.7% on a 61% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 8.5 more years — the full budget, by contrast, is covered for about 2.5 years if every revenue line stopped. The board conversation here is the recovery plan for the operating model and the timeline to break-even. NACUBO Composite Financial Index: 2.0 / 10, watch.
Santa Fe Preparatory School reported $15.2M in revenue against $19.7M in expenses in fiscal year 2022, the most recent filing on record. Net assets stood at $49.5M — about 2.51x annual operating expense.
Operating margin landed at -29.7%, with 60.9% of revenue coming from tuition. Among same-size peers, that puts Santa Fe Preparatory School at the p0 on operating margin.
$15.2M
REVENUE FY2022
-29.7%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2022
THE FULL REPORT
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Ten panels on Santa Fe Preparatory School: 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, Santa Fe Preparatory School ranks 18th 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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