2019 *2018201720162015
Statement of Net Position ($000)
Cash & Short-Term Investments52,78328,22626,07623,69821,981
Total Assets253,758166,007163,402155,452150,987
Total Debt63,17943,04341,44741,25039,328
Total Liabilities169,505111,04598,00292,64488,303
Total Unrestricted Net Assets-15,627-16,528-6,002-3,927-2,023
Total Net Assets62,76636,71150,54748,03643,749
Statement of Revenues, Expenses and Changes in Net Position ($000)
Net Tuition Rev20,01911,70711,35610,97010,373
Total Operating Exp112,65175,18773,40873,32568,752
Adjusted Net Operating Income-6,108-6,599-7,995-8,127-6,778
Revenue Over Expenses1,7789943847311,223
Liquidity
Unrestricted Resources to Operations %-17.03-29.51-12.70-10.20-5.83
Unrestricted Resources to Debt %-22.19-28.12-12.66-8.81-4.49
Expendable Resources to Operations %-8.78-16.92-0.512.243.88
Expendable Resources to Debt %-12.84-15.10-0.671.092.66
Capital
Average Age of Plant13.0612.9312.6012.2511.92
Long-Term Debt / Capitalization %37.852.248.847.347.1
Total Debt / Capitalization %41.9056.0253.0552.2550.39
Leverage
Current Debt Service Cov1.361.431.261.501.45
Financial Condition
EBIDA Margin %11.1710.169.1410.5710.65
Adjusted Operating Margin %-10.03-11.71-14.10-13.07-13.03
Profit Margin %2.331.820.611.731.67
Profile
Total Headcount9,5377,3637,6997,7327,302
Total Full-Time Equivalent Students5,5774,0834,1644,1184,173
Tuition: Resident3,3903,0682,8622,7602,685
Tuition: Non-Resident8,8446,7846,4566,3866,300
Tuition Dependence %21.2617.0717.8517.0616.70
* 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.