Grayson School

Grayson School is burning the cushion faster than the 1-month buffer suggests. Expenses are outpacing revenue 20.8% vs 15.3% per year over three years, and the latest operating margin is -8.3% on a 77% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 17 more months — the full budget, by contrast, is covered for about 1 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: -1.8 / 10, distressed.

Grayson School holds only 1 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

Grayson School reported $8.5M in revenue against $9.2M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $1.1M — about 0.12x annual operating expense.

Operating margin landed at -8.3%, with 77.2% of revenue coming from tuition. Among same-size peers, that puts Grayson School at the p13 on operating margin.