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Leading Through Financial Crisis: Lessons Learned

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In the years preceding our financial crisis, the school was challenged by leadership turnover and declining enrollment. A loss of roughly 100 students precipitated an institutional reorganization and downsizing in 2013, which was intended to put the school on sounder financial footing. For a community that had experienced mostly growth and stability over the 20-year period from 1990–2010, the reorganization was painful. Enrollment continued to decline, and when the crisis unfolded in 2015, morale was at an all-time low.

https://www.nais.org/magazine/independent-school/summer-2020/leading-through-financial-crisis/
Contributed by Steve Muthiitene, AISA

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