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RESEARCH


Should Bondholders Worry When Charter School Enrollment Declines?
Charter school enrollment has been a growth story for years. But what happens when that story starts to shift? Our latest analysis of more than 1,200 California charter schools finds that enrollment pressure is no longer isolated: 46% of schools saw enrollment decline in 2026, and more than one in five lost at least 5% of their students. For school leaders, that raises urgent questions about recruiting, retention, staffing, and operating flexibility. For bondholders, it rais
Jul 8


Moody's Nonprofit Healthcare Methodology Elevates Financial Strategy, Benchmarking, and Risk Management
Moody's new nonprofit healthcare methodology elevates the role of healthcare leaders' capabilities in risk management, financial strategy, financial capacity, benchmarking, and treasury & investment management.
Jun 2


Nonprofit Healthcare Systems: Cyber Attack Impact Evident in Financial Results
Healthcare systems are struggling to catch up on billing and collecting after the disruptive February cyberattack against Change Healthcare
Jun 25, 2024


Colorado Charter School Finance Snapshot
A large number of Colorado charter school entities have accessed the municipal securities market. How are they doing financially?
Jun 18, 2024


Where the Charter School Revolution Began, Some Schools Still Struggle Financially
Minnesota is where the charter school revolution began. But despite the sector's maturity, financial performance varies widely.
Feb 13, 2024


Does Audited Mean Accurate?
The recently passed Financial Data Transparency Act (FDTA) mandates that securities regulators develop machine-readable data standards...
Jan 11, 2023


The Impact of Coronavirus on Hospitals, Credit Quality, and Capital Markets
Nutshell Associates’ President Liz Sweeney recently published a 3-part series on nonprofit U.S. hospitals and how their role in the front...
Nov 22, 2021


Arizona Charter Schools Boosted by Paycheck Protection Program
A surprisingly large percentage of Arizona charter schools used the Paycheck Protection Program, bolstering operating performance and...
Jun 1, 2021


How did Maryland's Hospital Rate Setting System Work During COVID?
Last year at this time, U.S. hospitals were grappling with the double whammy of higher expenses for equipment and staffing and lower...
May 28, 2021


Governance Oversight in Challenging Times: Sustaining Healthcare Board Education Remains Imperative
In recent years, the U.S. healthcare system has experienced unprecedented challenges, an increasing pace of change, and ever-growing...
Sep 18, 2020


Healthcare Boards Are Responsible for the "G" in ESG
According to S&P Global Ratings, environmental, social, and governance (ESG) factors now cause about a third of all rating changes for...
Aug 1, 2020


Will Maryland Hospitals Weather The COVID-19 Crisis Better Than Any Other State?
U.S. acute care hospitals are facing the perfect storm of fiscal pressure due to the coronavirus pandemic: sharply lower revenues due to...
Apr 2, 2020
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