SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
West Sound Academy
Poulsbo, WA · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
West Sound Academy looks durable. The school holds 11 months of operating cushion, adequate runway. Revenue is 81% tuition-dependent (peer median 87%), concentrated but in line with most independent day schools. Staff compensation runs 60% of expenses, well below the peer median, worth understanding why. Net assets are growing 33.7%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 8.1 / 10, strong.
West Sound Academy reported $2.2M in revenue against $1.8M in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $1.7M — about 0.93x annual operating expense.
Operating margin landed at 15.8%, with 81.2% of revenue coming from tuition. Among same-size peers, that puts West Sound Academy at the p97 on operating margin.
$2.2M
REVENUE FY2024
15.8%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2024
THE FULL REPORT
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Ten panels on West Sound Academy: 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, West Sound Academy ranks 9th 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.
The full school report
Ten panels. One school. A year of access.
$250 a year — or $100 the first year for the founding 100.
ANNUAL SUBSCRIPTION · $100 FIRST YEAR FOR FOUNDING MEMBERS · CANCEL ANYTIME · 99 FOUNDING SPOTS LEFT