2022 *2021202020192018
Statement of Net Position ($000)
Cash & Short-Term Investments42,09435,52429,91527,33027,787
Total Assets208,088195,512179,242172,395165,945
Total Debt50,53146,76638,39938,57440,215
Total Liabilities117,085121,674110,400107,799109,988
Total Unrestricted Net Assets-6,559-10,798-15,171-17,260-16,528
Total Net Assets59,20244,81841,32638,26335,591
Statement of Revenues, Expenses and Changes in Net Position ($000)
Net Tuition Rev9,1569,76110,71611,09511,222
Total Operating Exp78,66776,07373,00271,91473,889
Adjusted Net Operating Income-4,721-7,054-7,058-6,979-6,516
Revenue Over Expenses9,0254,5601,3726351,098
Liquidity
Unrestricted Resources to Operations %-9.57-19.73-26.61-29.17-29.40
Unrestricted Resources to Debt %-8.85-17.49-25.14-28.13-28.33
Expendable Resources to Operations %7.89-3.99-12.21-16.80-17.81
Expendable Resources to Debt %8.69-4.29-11.94-15.87-15.33
Capital
Average Age of Plant14.7514.4114.0913.4713.03
Long-Term Debt / Capitalization %44.248.948.849.152.0
Total Debt / Capitalization %49.2354.0153.9954.0755.99
Leverage
Current Debt Service Cov2.582.071.371.341.40
Financial Condition
EBIDA Margin %18.7315.1510.7210.2910.01
Adjusted Operating Margin %-8.32-11.41-11.75-12.06-10.84
Profit Margin %10.706.802.070.911.90
Profile
Total Headcount7,0086,9297,5517,6457,646
Total Full-Time Equivalent Students3,8583,8304,1064,1934,154
Tuition: Resident3,1963,1673,1203,0383,000
Tuition: Non-Resident7,5607,6357,4647,2966,783
Tuition Dependence %13.6514.5515.8516.9517.07
* 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.