Park Day School Corporation looks durable. Reserves cover 6 months of operating expense, a thin runway. Revenue is 84% tuition-dependent (peer median 83%), concentrated but in line with most independent day schools. Staff compensation runs 54% of expenses, leaner than the peer median. Net assets are growing 15.1%/yr over three years; the cushion is being built, not drawn. NACUBO Composite Financial Index: 6.0 / 10, strong.
Park Day School Corporation reported $15.2M in revenue against $13.9M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $7.4M — about 0.53x annual operating expense.
Operating margin landed at 9.0%, with 84.1% of revenue coming from tuition. Among same-size peers, that puts Park Day School Corporation at the p76 on operating margin.
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Why “revenue scale” and not “endowment per student”: independent-school 990s don’t carry per-school enrollment, and NCES PSS coverage is partial, so we cannot divide endowment by a verified student count for every school. The bar above is each school’s latest reported total revenue. True endowment-per-student is scheduled for v1.1+ once Schedule D Part V parsing lands.
Peers are scored by similarity along three equal-weighted dimensions: size cohort (Form 990 employee count + max-revenue tier, a proxy for student enrollment, which the 990 does not carry), geographic region (eight-region grouping), and association overlap (NAIS, NBOA, regional councils). We rank the top 20 nearest peers and chart the first 12 by latest reported revenue. Values are the school’s most recently filed total revenue on IRS Form 990.