The Crefeld School

The Crefeld School is burning the cushion faster than the 3-month buffer suggests. Expenses are outpacing revenue 5.3% vs -4.2% per year over three years, and the latest operating margin is -14.6% on a 83% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 19 more months — the full budget, by contrast, is covered for about 3 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: -1.4 / 10, distressed.

The Crefeld School holds only 3 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

The Crefeld School reported $4.5M in revenue against $5.1M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $1.2M — about 0.24x annual operating expense.

Operating margin landed at -14.6%, with 83.3% of revenue coming from tuition. Among same-size peers, that puts The Crefeld School at the p3 on operating margin.