SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
The Waverly School
Pasadena, CA · Independent schoolNAIS MEMBER
THE READ · FREE SUMMARY
The Waverly School shows signs of real financial distress. Reserves cover 6 months of operating expense, a thin runway. Revenue is highly concentrated at 95% tuition-dependent (peer median 86%): a soft admissions year would flow straight to the bottom line. Staff compensation runs 55% of expenses, leaner than the peer median. Expenses are outpacing revenue 5.9% vs 3.6% per year over three years, signaling margin compression worth flagging. NACUBO Composite Financial Index: -0.7 / 10, distressed.
The Waverly School operates at 95% tuition dependency — among the most tuition-reliant 3% of peers in its cohort. A soft admissions year would flow straight to operations.
The Waverly School reported $11.4M in revenue against $12.1M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $6.3M — about 0.52x annual operating expense.
Operating margin landed at -6.1%, with 94.6% of revenue coming from tuition. Among same-size peers, that puts The Waverly School at the p23 on operating margin.
$11.4M
REVENUE FY2023
-6.1%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on The Waverly School: 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, The Waverly School ranks 14th 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.
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