2021 *2020201920182017
Statement of Net Position ($000)
Cash & Short-Term Investments39,94631,28027,37927,78725,612
Total Assets209,891179,618174,512165,945162,231
Total Debt52,14339,92641,32940,21538,627
Total Liabilities128,550114,843110,736109,98896,462
Total Unrestricted Net Assets-11,820-15,636-17,353-16,528-6,525
Total Net Assets47,55841,83838,95235,59150,206
Statement of Revenues, Expenses and Changes in Net Position ($000)
Net Tuition Rev10,07010,96511,11011,22211,247
Total Operating Exp80,48074,26872,75173,88973,408
Adjusted Net Operating Income-6,963-7,058-7,031-6,516-7,995
Revenue Over Expenses5,2701,4627051,098413
Liquidity
Unrestricted Resources to Operations %-19.53-26.99-29.18-29.40-13.42
Unrestricted Resources to Debt %-17.18-26.12-28.66-28.33-13.03
Expendable Resources to Operations %-3.00-12.95-16.81-17.81-1.30
Expendable Resources to Debt %-2.89-12.32-16.12-15.33-1.35
Capital
Average Age of Plant14.4014.0913.4513.0312.66
Long-Term Debt / Capitalization %51.050.349.252.048.3
Total Debt / Capitalization %55.4655.3654.2955.9952.25
Leverage
Current Debt Service Cov1.941.391.351.451.24
Financial Condition
EBIDA Margin %15.1410.6610.2910.019.27
Adjusted Operating Margin %-10.12-11.61-12.06-10.84-14.37
Profit Margin %7.052.070.961.900.83
Profile
Total Headcount7,1477,5647,6807,6467,768
Total Full-Time Equivalent Students4,0024,1904,2054,1544,190
Tuition: Resident3,1203,1223,0403,0002,800
Tuition: Non-Resident7,5707,4647,2966,7846,456
Tuition Dependence %14.3615.9117.0117.0717.86
* 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.