Shining Rock Classical Academy’s governing board is weighing whether to end its high school operations by summer after a new financial sustainability report revealed the Dellwood Road campus is operating at a $300,000 deficit and would require more than $1.1 million in facility investments over the next few years.
The 24-page report, presented to the board during a special called Feb. 11 meeting, breaks out revenue and expenses associated with the high school and Dellwood campus, showing total revenues of $1,177,189 against expenses of $1,480,180. The report notes that the expense total may even understate the true cost of operating Dellwood because several shared staff salaries are not allocated to the campus in the analysis, including Head of School Joshua Morgan and other administrative positions.
The shortfall comes as enrollment has failed to meet original projections made in 2020, when school leaders anticipated steady growth to 160 high school students, roughly 40 per grade. Instead, actual enrollment has stabilized with 105 students enrolled in the 2025-26 school year…