Innova Preparatory School

Innova Preparatory School sits in the watch range. Reserves cover under 3 months of expenses, a precarious runway. Revenue is 86% tuition-dependent (peer median 82%), concentrated but in line with most independent day schools. Staff compensation runs 68% of expenses, generous relative to peers. Expenses are outpacing revenue 6.8% vs -1.1% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 1.6 / 10, watch.

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

Innova Preparatory School reported $1.0M in revenue against $965K in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $231K — about 0.24x annual operating expense.

Operating margin landed at 3.6%, with 85.8% of revenue coming from tuition. Among same-size peers, that puts Innova Preparatory School at the p39 on operating margin.