Abiqua School

Abiqua School is burning the cushion faster than the 3-month buffer suggests. Expenses are outpacing revenue 11.3% vs 2.9% per year over three years, and the latest operating margin is -6.4% on a 93% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 4.3 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.

Abiqua School holds only 3 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

Abiqua School reported $3.4M in revenue against $3.6M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $991K — about 0.28x annual operating expense.

Operating margin landed at -6.4%, with 92.5% of revenue coming from tuition. Among same-size peers, that puts Abiqua School at the p25 on operating margin.