Hawai'i School for Girls at La Pietra

Hawai'i School for Girls at La Pietra is burning the cushion faster than the 5.1-year buffer suggests. Expenses are outpacing revenue 2.2% vs -25.2% per year over three years, and the latest operating margin is -21.9% on a 45% tuition-dependent revenue mix. Covering the deficit at today's rate, it would take more than a decade to exhaust reserves — the full budget, by contrast, is covered for about 5.1 years 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: 3.1 / 10, adequate — monitor.

Hawai'i School for Girls at La Pietra runs only 45% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.

Hawai'i School for Girls at La Pietra reported $4.7M in revenue against $5.7M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $28.9M — about 5.07x annual operating expense.

Operating margin landed at -21.9%, with 45.0% of revenue coming from tuition. Among same-size peers, that puts Hawai'i School for Girls at La Pietra at the p0 on operating margin.