Memorial Day School

Memorial Day School is burning the cushion faster than the 5-month buffer suggests. Expenses are outpacing revenue 2.1% vs -4.2% per year over three years, and the latest operating margin is -7.4% on a 98% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 5.7 more years — the full budget, by contrast, is covered for about 5 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: -0.9 / 10, distressed.

Memorial Day School holds only 5 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

Memorial Day School reported $2.2M in revenue against $2.4M in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $1.0M — about 0.42x annual operating expense.

Operating margin landed at -7.4%, with 97.8% of revenue coming from tuition. Among same-size peers, that puts Memorial Day School at the p13 on operating margin.