International School of Denver

International School of Denver is burning the cushion faster than the 7-month buffer suggests. Expenses are outpacing revenue 9.1% vs 0.7% per year over three years, and the latest operating margin is -9.6% on a 95% 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 7 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: -0.7 / 10, distressed.

International School of Denver operates at 95% tuition dependency — among the most tuition-reliant 3% of peers in its cohort. A soft admissions year would flow straight to operations.

International School of Denver reported $18.3M in revenue against $20.1M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $10.9M — about 0.54x annual operating expense.

Operating margin landed at -9.6%, with 95.2% of revenue coming from tuition. Among same-size peers, that puts International School of Denver at the p23 on operating margin.