SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
Army and Navy Academy
Carlsbad, CA · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
Army and Navy Academy looks durable. The school holds only 17 months of operating cushion, unusually thin for a boarding school's residential capex load. Revenue runs 84% tuition-dependent (peer median 87%), heavier than the boarding cohort typically carries, so the cushion does real work. Staff compensation runs 50% of expenses, well below the peer median, worth understanding why. NACUBO Composite Financial Index: 7.4 / 10, strong.
Army and Navy Academy reported $19.7M in revenue against $17.9M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $25.3M — about 1.41x annual operating expense.
Operating margin landed at 9.0%, with 83.5% of revenue coming from tuition. Among same-size peers, that puts Army and Navy Academy at the p77 on operating margin.
$19.7M
REVENUE FY2023
9.0%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on Army and Navy 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, Army and Navy Academy ranks 6th 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
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