Hanger Hall School

Hanger Hall School looks stable. Reserves cover 9 months of operating expense, a thin runway. Revenue is 90% tuition-dependent (peer median 78%), concentrated but in line with most independent day schools. Staff compensation runs 55% of expenses, well below the peer median, worth understanding why. Expenses are outpacing revenue 9.9% vs 4.8% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 4.3 / 10, adequate — monitor.

Hanger Hall School reported $1.4M in revenue against $1.4M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $1.0M — about 0.74x annual operating expense.

Operating margin landed at 4.7%, with 90.0% of revenue coming from tuition. Among same-size peers, that puts Hanger Hall School at the p54 on operating margin.