Eastside Academy

Eastside Academy is burning the cushion faster than the 13-month buffer suggests. Expenses are outpacing revenue 15.1% vs 0.2% per year over three years, and the latest operating margin is -11.9% on a 15% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 9.0 more years — the full budget, by contrast, is covered for about 13 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: 1.6 / 10, watch.

Eastside Academy runs only 15% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.

Eastside Academy reported $2.2M in revenue against $2.5M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $2.7M — about 1.07x annual operating expense.

Operating margin landed at -11.9%, with 15.5% of revenue coming from tuition. Among same-size peers, that puts Eastside Academy at the p7 on operating margin.