Marin Academy

Marin Academy looks stable. The school holds 2.2 years of operating cushion, a healthy buffer. Revenue is 83% tuition-dependent (peer median 80%), concentrated but in line with most independent day schools. Staff compensation runs 59% of expenses, about par for the peer cohort. Expenses are outpacing revenue 7.2% vs 2.5% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 4.6 / 10, adequate — monitor.

Marin Academy reported $34.2M in revenue against $33.9M in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $73.7M — about 2.17x annual operating expense.

Operating margin landed at 0.9%, with 83.4% of revenue coming from tuition. Among same-size peers, that puts Marin Academy at the p52 on operating margin.