Maplebrook School

Maplebrook School is burning the cushion faster than the 24-month buffer suggests. Expenses are outpacing revenue 0.9% vs -6.2% per year over three years, and the latest operating margin is -17.7% on a 90% 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 2.0 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: 2.5 / 10, watch.

Maplebrook School operates at 90% tuition dependency — among the most tuition-reliant 17% of peers in its cohort. A soft admissions year would flow straight to operations.

Maplebrook School reported $4.6M in revenue against $5.4M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $10.7M — about 1.98x annual operating expense.

Operating margin landed at -17.7%, with 90.3% of revenue coming from tuition. Among same-size peers, that puts Maplebrook School at the p13 on operating margin.