Sonoma Academy

Sonoma Academy looks durable. The school holds 4.8 years of operating cushion: deep institutional balance. Revenue is unusually diversified at 56% tuition-dependent (peer median 85%). Staff compensation runs 43% of expenses, well below the peer median, worth understanding why. Expenses are outpacing revenue 7.9% vs 1.5% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: 8.9 / 10, strong.

Sonoma Academy holds 4.8 years of operating expense in net assets — a deeper reserve position than most independent day schools carry. Less exposed than peers to a one-year admissions shock.

Sonoma Academy reported $33.0M in revenue against $26.1M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $125.7M — about 4.81x annual operating expense.

Operating margin landed at 20.8%, with 55.9% of revenue coming from tuition. Among same-size peers, that puts Sonoma Academy at the p93 on operating margin.