Summerfield Waldorf School & Farm

Summerfield Waldorf School & Farm is burning the cushion faster than the 11-month buffer suggests. Expenses are outpacing revenue 9.3% vs -2.3% per year over three years, and the latest operating margin is -20.9% on a 90% 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 11 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, re-engineer.

Summerfield Waldorf School & Farm reported $7.2M in revenue against $8.7M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $7.8M — about 0.89x annual operating expense.

Operating margin landed at -20.9%, with 90.4% of revenue coming from tuition. Among same-size peers, that puts Summerfield Waldorf School & Farm at the p7 on operating margin.