Trinity Collegiate School

Trinity Collegiate School is burning the cushion faster than the 2-month buffer suggests. Expenses are outpacing revenue 9.3% vs 3.8% per year over three years, and the latest operating margin is -15.7% on a 88% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 11 more months — the full budget, by contrast, is covered for about 2 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.

Trinity Collegiate School holds only 2 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

Trinity Collegiate School reported $5.0M in revenue against $5.8M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $820K — about 0.14x annual operating expense.

Operating margin landed at -15.7%, with 88.1% of revenue coming from tuition. Among same-size peers, that puts Trinity Collegiate School at the p7 on operating margin.