Navigating the COVID19 Financial Crisis -
An eSeminar with Ari Betof & Kelsey Vrooman
Description from NYSAIS
In this NYSAIS-Now eSeminar in April of 2020, Ari Betof and Kelsey Vrooman model the combination of financial factors already impacting independent schools and those likely to arise in the weeks ahead. Using example schools with differing levels of financial health, this webinar drives home the importance of mission-driven, community-focused, data-informed decision making in response to financial challenges and offers strategies for school leaders in uncertain times.
Independent schools must quickly prepare for the unprecedented financial sustainability challenges the COVID-19 global pandemic poses. Ongoing expense obligations coupled with potential declines in net tuition revenue, philanthropy, and auxiliary income risk creating a multi-stage crisis that will challenge all independent schools and may push schools in weaker positions past the point of viability.