2023 *2022202120202019
Statement of Net Position ($000)
Cash & Short-Term Investments47,52940,93935,52429,91527,330
Total Assets231,931204,925195,512179,242172,395
Total Debt55,59349,70146,76638,39938,574
Total Liabilities129,202116,143121,674110,400107,799
Total Unrestricted Net Assets-3,606-6,517-10,798-15,171-17,260
Total Net Assets68,32857,30644,81841,32638,263
Statement of Revenues, Expenses and Changes in Net Position ($000)
Net Tuition Rev10,1208,9969,76110,71611,095
Total Operating Exp81,39677,68876,07373,00271,914
Adjusted Net Operating Income-4,058-4,725-7,054-7,058-6,979
Revenue Over Expenses6,8118,8614,5601,372635
Liquidity
Unrestricted Resources to Operations %-7.36-9.56-19.73-26.61-29.17
Unrestricted Resources to Debt %-4.68-8.81-17.49-25.14-28.13
Expendable Resources to Operations %15.317.90-3.99-12.21-16.80
Expendable Resources to Debt %15.378.87-4.29-11.94-15.87
Capital
Average Age of Plant13.5514.5614.4114.0913.47
Long-Term Debt / Capitalization %42.745.448.948.849.1
Total Debt / Capitalization %47.4649.4854.0153.9954.07
Leverage
Current Debt Service Cov2.312.582.071.371.34
Financial Condition
EBIDA Margin %17.6718.6815.1510.7210.29
Adjusted Operating Margin %-7.31-8.86-11.41-11.75-12.06
Profit Margin %7.9010.706.802.070.91
Profile
Total Headcount6,9296,9666,9297,5517,645
Total Full-Time Equivalent Students4,0283,7763,8684,1064,193
Tuition: Resident3,2023,1743,1653,1103,038
Tuition: Non-Resident7,7647,6027,6437,4647,296
Tuition Dependence %13.4813.3314.5515.8516.95
* Median values are based upon the number of audits received at any given point in time. Therefore, the median values for the most recent year(s) are subject to frequent updating and may not yet accurately characterize the median values of a complete sample size.