Navy Hale Keiki School

Navy Hale Keiki School is burning the cushion faster than the 18-month buffer suggests. Expenses are outpacing revenue 13.5% vs 0.7% per year over three years, and the latest operating margin is -5.0% on a 97% 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 18 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: 2.8 / 10, watch.

Navy Hale Keiki School operates at 97% tuition dependency — among the most tuition-reliant 10% of peers in its cohort. A soft admissions year would flow straight to operations.

Navy Hale Keiki School reported $2.4M in revenue against $2.5M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $3.7M — about 1.47x annual operating expense.

Operating margin landed at -5.0%, with 96.8% of revenue coming from tuition. Among same-size peers, that puts Navy Hale Keiki School at the p21 on operating margin.