2020 *2019201820172016
Statement of Net Position ($000)
Cash & Short-Term Investments32,19227,46228,22625,61223,698
Total Assets185,667175,995166,007162,231155,452
Total Debt44,88842,07342,38438,62740,171
Total Liabilities119,018110,737110,35796,46292,644
Total Unrestricted Net Assets-15,818-17,434-16,528-6,525-4,274
Total Net Assets42,87938,95235,59350,20648,036
Statement of Revenues, Expenses and Changes in Net Position ($000)
Net Tuition Rev11,09711,11011,52511,24710,970
Total Operating Exp79,63173,81175,18773,40874,941
Adjusted Net Operating Income-7,267-7,043-6,559-7,995-7,790
Revenue Over Expenses1,4345471,002413731
Liquidity
Unrestricted Resources to Operations %-26.99-29.71-29.40-13.42-10.51
Unrestricted Resources to Debt %-26.06-28.69-28.23-13.03-9.15
Expendable Resources to Operations %-12.82-16.91-17.81-1.301.77
Expendable Resources to Debt %-12.32-16.13-15.26-1.350.81
Capital
Average Age of Plant13.8913.4212.9912.6612.28
Long-Term Debt / Capitalization %50.049.452.248.347.1
Total Debt / Capitalization %55.3654.7556.0252.2552.09
Leverage
Current Debt Service Cov1.371.321.441.251.47
Financial Condition
EBIDA Margin %10.7210.2910.079.2710.84
Adjusted Operating Margin %-11.08-12.07-11.28-14.37-13.21
Profit Margin %2.000.911.890.831.73
Profile
Total Headcount7,6607,6807,6607,7687,744
Total Full-Time Equivalent Students4,1904,2054,1684,1904,255
Tuition: Resident3,1593,0963,0002,8042,753
Tuition: Non-Resident7,3397,2966,7836,4686,378
Tuition Dependence %15.8516.9517.0717.8617.15
* 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.