Ojai Valley School

Ojai Valley School is burning the cushion faster than the 11-month buffer suggests. Expenses are outpacing revenue 10.8% vs -5.3% per year over three years, and the latest operating margin is -29.1% on a 92% tuition-dependent revenue mix. Covering the deficit at today's rate, reserves would last roughly 3.2 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: 0.4 / 10, re-engineer.

Ojai Valley School operates at 92% tuition dependency — among the most tuition-reliant 17% of peers in its cohort. A soft admissions year would flow straight to operations.

Ojai Valley School reported $16.3M in revenue against $21.0M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $19.3M — about 0.92x annual operating expense.

Operating margin landed at -29.1%, with 91.6% of revenue coming from tuition. Among same-size peers, that puts Ojai Valley School at the p3 on operating margin.