Grand River Academy

Grand River Academy is burning the cushion faster than the 12-month buffer suggests. Expenses are outpacing revenue 10.9% vs -3.1% per year over three years, and the latest operating margin is -40.4% on a 90% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 2.4 more years — the full budget, by contrast, is covered for about 12 months 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: 0.9 / 10, re-engineer.

Grand River Academy reported $3.1M in revenue against $4.4M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $4.3M — about 0.97x annual operating expense.

Operating margin landed at -40.4%, with 89.9% of revenue coming from tuition. Among same-size peers, that puts Grand River Academy at the p3 on operating margin.