Heichal Hatorah

Heichal Hatorah shows signs of real financial distress. Reserves cover under 1 months of expenses, a precarious runway. Revenue runs 73% tuition-dependent (peer median 79%), diversified by day-school standards, with meaningful contribution and investment income. Staff compensation runs 53% of expenses, well below the peer median, worth understanding why. Three-year net-asset trend is negative (-11.4%/yr), indicating reserve drawdown. NACUBO Composite Financial Index: -1.0 / 10, distressed.

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

Heichal Hatorah reported $7.4M in revenue against $7.5M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $495K — about 0.07x annual operating expense.

Operating margin landed at -1.3%, with 72.8% of revenue coming from tuition. Among same-size peers, that puts Heichal Hatorah at the p33 on operating margin.