Silverwood School

Silverwood School is burning the cushion faster than the 4-month buffer suggests. Expenses are outpacing revenue 26.6% vs 21.4% per year over three years, and the latest operating margin is -6.4% on a 92% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 4.9 more years — the full budget, by contrast, is covered for about 4 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: -1.3 / 10, distressed.

Silverwood School operates at 92% tuition dependency — among the most tuition-reliant 17% of peers in its cohort. A soft admissions year would flow straight to operations.

Silverwood School reported $1.4M in revenue against $1.5M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $469K — about 0.32x annual operating expense.

Operating margin landed at -6.4%, with 92.5% of revenue coming from tuition. Among same-size peers, that puts Silverwood School at the p33 on operating margin.