Grier School

Grier School is burning the cushion faster than the 3.2-year buffer suggests. Expenses are outpacing revenue 10.4% vs 0.1% per year over three years, and the latest operating margin is -35.8% on a 85% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 8.8 more years — the full budget, by contrast, is covered for about 3.2 years if every revenue line stopped. The board conversation here is the recovery plan for the residential model and the timeline to break-even. NACUBO Composite Financial Index: 2.7 / 10, watch.

Grier School reported $10.4M in revenue against $14.1M in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $44.8M — about 3.17x annual operating expense.

Operating margin landed at -35.8%, with 85.2% of revenue coming from tuition. Among same-size peers, that puts Grier School at the p0 on operating margin.