Milwaukee Jewish Day School

Milwaukee Jewish Day School is burning the cushion faster than the 21-month buffer suggests. Expenses are outpacing revenue 8.0% vs -7.0% per year over three years, and the latest operating margin is -21.9% on a 45% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 7.8 more years — the full budget, by contrast, is covered for about 1.7 years 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: 2.9 / 10, watch.

Milwaukee Jewish Day School runs only 45% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.

Milwaukee Jewish Day School reported $3.6M in revenue against $4.4M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $7.6M — about 1.71x annual operating expense.

Operating margin landed at -21.9%, with 44.5% of revenue coming from tuition. Among same-size peers, that puts Milwaukee Jewish Day School at the p7 on operating margin.