Terrell Academy

Terrell Academy is burning the cushion faster than the 9-month buffer suggests. Expenses are outpacing revenue 32.5% vs 22.1% per year over three years, and the latest operating margin is -14.9% on a 99% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 5.2 more years — the full budget, by contrast, is covered for about 9 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: 0.8 / 10, re-engineer.

Terrell Academy operates at 99% tuition dependency — among the most tuition-reliant 3% of peers in its cohort. A soft admissions year would flow straight to operations.

Terrell Academy reported $4.2M in revenue against $4.9M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $3.7M — about 0.77x annual operating expense.

Operating margin landed at -14.8%, with 98.7% of revenue coming from tuition. Among same-size peers, that puts Terrell Academy at the p3 on operating margin.