Gould Academy

Gould Academy is burning the cushion faster than the 22-month buffer suggests. Expenses are outpacing revenue 6.5% vs -0.3% per year over three years, and the latest operating margin is -19.7% on a 88% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 9.5 more years — the full budget, by contrast, is covered for about 1.9 years if every revenue line stopped. The board conversation here is the recovery plan for the residential model and the timeline to break-even. NACUBO Composite Financial Index: 3.1 / 10, adequate — monitor.

Gould Academy reported $16.6M in revenue against $19.9M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $37.2M — about 1.87x annual operating expense.

Operating margin landed at -19.7%, with 87.5% of revenue coming from tuition. Among same-size peers, that puts Gould Academy at the p7 on operating margin.