Malamalama Waldorf School

Malamalama Waldorf School shows signs of real financial distress. Reserves cover under 2 months of expenses, a precarious runway. Revenue is 89% tuition-dependent (peer median 81%), concentrated but in line with most independent day schools. Staff compensation runs 79% of expenses, generous relative to peers. Three-year net-asset trend is negative (-5.0%/yr), indicating reserve drawdown. NACUBO Composite Financial Index: -1.6 / 10, distressed.

Malamalama Waldorf School holds only 2 months of operating expense in reserve — a thin runway that warrants understanding before walking into a campus visit.

Malamalama Waldorf School reported $1.3M in revenue against $1.4M in expenses in fiscal year 2024, the most recent filing on record. Net assets stood at $179K — about 0.13x annual operating expense.

Operating margin landed at -4.5%, with 89.1% of revenue coming from tuition. Among same-size peers, that puts Malamalama Waldorf School at the p23 on operating margin.