Hyla Middle School

Hyla Middle School is burning the cushion faster than the 14-month buffer suggests. Expenses are outpacing revenue 23.5% vs 4.8% per year over three years, and the latest operating margin is -34.4% on a 86% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 3.4 more years — the full budget, by contrast, is covered for about 14 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: 1.0 / 10, watch.

Hyla Middle School reported $3.7M in revenue against $4.9M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $5.8M — about 1.17x annual operating expense.

Operating margin landed at -34.4%, with 85.8% of revenue coming from tuition. Among same-size peers, that puts Hyla Middle School at the p0 on operating margin.