Pacific Boychoir Academy

Pacific Boychoir Academy is burning the cushion faster than the 4-month buffer suggests. Expenses are outpacing revenue 19.3% vs -8.5% per year over three years, and the latest operating margin is -17.5% on a 52% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 21 more months — 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: -1.4 / 10, distressed.

Pacific Boychoir Academy runs only 52% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.

Pacific Boychoir Academy reported $1.0M in revenue against $1.2M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $366K — about 0.31x annual operating expense.

Operating margin landed at -17.5%, with 52.4% of revenue coming from tuition. Among same-size peers, that puts Pacific Boychoir Academy at the p7 on operating margin.