Sharon Academy

Sharon Academy is burning the cushion faster than the 15-month buffer suggests. Expenses are outpacing revenue 5.3% vs -8.4% per year over three years, and the latest operating margin is -8.9% on a 93% tuition-dependent revenue mix. Covering the deficit at today's rate, it would take more than a decade to exhaust reserves — the full budget, by contrast, is covered for about 15 months if every revenue line stopped. The board conversation here is the recovery plan for the operating model and the timeline to break-even. NACUBO Composite Financial Index: 2.5 / 10, watch.

Sharon Academy operates at 93% tuition dependency — among the most tuition-reliant 20% of peers in its cohort. A soft admissions year would flow straight to operations.

Sharon Academy reported $3.1M in revenue against $3.4M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $4.3M — about 1.28x annual operating expense.

Operating margin landed at -8.9%, with 92.6% of revenue coming from tuition. Among same-size peers, that puts Sharon Academy at the p23 on operating margin.