University Cooperative School

University Cooperative School is burning the cushion faster than the 9-month buffer suggests. Expenses are outpacing revenue 14.8% vs -3.0% per year over three years, and the latest operating margin is -28.2% on a 82% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 2.7 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: -0.1 / 10, distressed.

University Cooperative School reported $2.2M in revenue against $2.8M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $2.2M — about 0.76x annual operating expense.

Operating margin landed at -28.2%, with 82.3% of revenue coming from tuition. Among same-size peers, that puts University Cooperative School at the p3 on operating margin.