SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Soundview School
Lynnwood, WA · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Soundview School shows signs of real financial distress. Reserves cover under 2 months of expenses, a precarious runway. Revenue is highly concentrated at 92% tuition-dependent (peer median 84%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 68% of expenses, generous relative to peers. Three-year net-asset trend is negative (-21.3%/yr), indicating reserve drawdown. NACUBO Composite Financial Index: -1.3 / 10, distressed.
Soundview School operates at 92% tuition dependency — among the most tuition-reliant 14% of peers in its cohort. A soft admissions year would flow straight to operations.
Soundview School reported $3.5M in revenue against $3.7M in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $710K — about 0.19x annual operating expense.
Operating margin landed at -4.1%, with 92.2% of revenue coming from tuition. Among same-size peers, that puts Soundview School at the p28 on operating margin.
$3.5M
REVENUE FY2024
-4.1%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2024
THE FULL REPORT
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Ten panels on Soundview 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, Soundview School ranks 14th 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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