Pine Cobble School Incorporated

Pine Cobble School Incorporated is burning the cushion faster than the 3.5-year buffer suggests. Expenses are outpacing revenue 8.6% vs -14.6% per year over three years, and the latest operating margin is -16.7% on a 45% 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 3.5 years 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: 2.7 / 10, watch.

Pine Cobble School Incorporated runs only 45% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.

Pine Cobble School Incorporated reported $3.0M in revenue against $3.5M in expenses in fiscal year 2022, the most recent filing on record. Net assets stood at $12.3M — about 3.51x annual operating expense.

Operating margin landed at -16.7%, with 44.6% of revenue coming from tuition. Among same-size peers, that puts Pine Cobble School Incorporated at the p7 on operating margin.