Boys Home of Virginia

Boys Home of Virginia is burning the cushion faster than the 8.7-year buffer suggests. Expenses are outpacing revenue 6.1% vs -21.1% per year over three years, and the latest operating margin is -64.3% on a 13% tuition-dependent revenue mix. Covering the deficit at today's rate, it would take more than a decade to exhaust reserves — the full budget, by contrast, is covered for about 8.7 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: 2.8 / 10, watch.

Boys Home of Virginia runs only 13% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.

Boys Home of Virginia reported $3.0M in revenue against $4.9M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $42.4M — about 8.73x annual operating expense.

Operating margin landed at -64.3%, with 12.9% of revenue coming from tuition. Among same-size peers, that puts Boys Home of Virginia at the p0 on operating margin.