Stellar Academy for Dyslexics

Stellar Academy for Dyslexics is burning the cushion faster than the 5-month buffer suggests. Expenses are outpacing revenue 3.9% vs -11.5% per year over three years, and the latest operating margin is -29.0% on a 98% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 17 more months — the full budget, by contrast, is covered for about 5 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: -0.9 / 10, distressed.

Stellar Academy for Dyslexics operates at 98% tuition dependency — among the most tuition-reliant 3% of peers in its cohort. A soft admissions year would flow straight to operations.

Stellar Academy for Dyslexics reported $467K in revenue against $603K in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $248K — about 0.41x annual operating expense.

Operating margin landed at -29.0%, with 97.8% of revenue coming from tuition. Among same-size peers, that puts Stellar Academy for Dyslexics at the p0 on operating margin.