Barrie School

Barrie School is burning the cushion faster than the 7-month buffer suggests. Expenses are outpacing revenue 17.2% vs 12.0% per year over three years, and the latest operating margin is -22.6% on a 95% 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 7 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: 0.0 / 10, re-engineer.

Barrie School operates at 95% tuition dependency — among the most tuition-reliant 3% of peers in its cohort. A soft admissions year would flow straight to operations.

Barrie School reported $11.9M in revenue against $14.6M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $8.9M — about 0.61x annual operating expense.

Operating margin landed at -22.6%, with 95.2% of revenue coming from tuition. Among same-size peers, that puts Barrie School at the p3 on operating margin.