Manlius Pebble Hill School

Manlius Pebble Hill School is burning the cushion faster than the 17-month buffer suggests. Expenses are outpacing revenue 5.0% vs -0.5% per year over three years, and the latest operating margin is -7.6% on a 69% 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 17 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: 2.8 / 10, watch.

Manlius Pebble Hill School reported $12.4M in revenue against $13.4M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $18.8M — about 1.41x annual operating expense.

Operating margin landed at -7.6%, with 69.1% of revenue coming from tuition. Among same-size peers, that puts Manlius Pebble Hill School at the p30 on operating margin.