Saratoga Independent School

Saratoga Independent School is burning the cushion faster than the 9-month buffer suggests. Expenses are outpacing revenue 14.2% vs 8.2% per year over three years, and the latest operating margin is -10.5% on a 94% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 7.2 more years — the full budget, by contrast, is covered for about 9 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: 0.0 / 10, re-engineer.

Saratoga Independent School operates at 94% tuition dependency — among the most tuition-reliant 10% of peers in its cohort. A soft admissions year would flow straight to operations.

Saratoga Independent School reported $2.7M in revenue against $3.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $2.3M — about 0.76x annual operating expense.

Operating margin landed at -10.5%, with 94.5% of revenue coming from tuition. Among same-size peers, that puts Saratoga Independent School at the p27 on operating margin.