The Oakridge School

The Oakridge School is burning the cushion faster than the 3-month buffer suggests. Expenses are outpacing revenue 4.5% vs -0.5% per year over three years, and the latest operating margin is -5.8% on a 91% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 4.6 more years — the full budget, by contrast, is covered for about 3 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: -1.4 / 10, distressed.

The Oakridge School operates at 91% tuition dependency — among the most tuition-reliant 14% of peers in its cohort. A soft admissions year would flow straight to operations.

The Oakridge School reported $19.9M in revenue against $21.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $5.6M — about 0.27x annual operating expense.

Operating margin landed at -5.8%, with 90.9% of revenue coming from tuition. Among same-size peers, that puts The Oakridge School at the p10 on operating margin.