2018 *2017201620152014
Statement of Net Position ($000)
Cash & Short-Term Investments36,43826,52424,31722,58121,067
Total Assets199,643165,293158,578154,078143,992
Total Debt55,28142,84942,23440,39438,513
Total Liabilities155,66298,84494,01689,16253,872
Total Unrestricted Net Assets-8,016-5,846-4,224-2,02313,585
Total Net Assets46,97051,37050,23644,22975,622
Statement of Revenues, Expenses and Changes in Net Position ($000)
Net Tuition Rev17,14111,79011,14310,51310,593
Total Operating Exp83,75375,31175,56869,94369,276
Adjusted Net Operating Income-5,962-7,851-8,339-6,778-7,508
Revenue Over Expenses2,4804238201,223870
Liquidity
Unrestricted Resources to Operations %-9.08-10.91-10.36-5.8321.37
Unrestricted Resources to Debt %-13.76-11.35-8.81-4.4936.08
Expendable Resources to Operations %-9.081.812.243.7431.51
Expendable Resources to Debt %-15.000.511.092.6250.71
Capital
Average Age of Plant13.5312.5712.2411.9211.80
Long-Term Debt / Capitalization %44.448.947.647.339.2
Total Debt / Capitalization %49.4753.3352.4750.8343.11
Leverage
Current Debt Service Cov1.651.241.431.441.34
Financial Condition
EBIDA Margin %13.049.5310.8510.689.63
Adjusted Operating Margin %-7.67-12.97-12.72-12.60-14.56
Profit Margin %4.070.891.761.671.29
Profile
Total Headcount8,2487,2467,6417,4127,750
Total Full-Time Equivalent Students4,2283,9563,9994,1794,348
Tuition: Resident3,4502,9302,7882,7002,610
Tuition: Non-Resident8,8206,4866,4136,3146,136
Tuition Dependence %20.7917.7917.0817.0217.51
* 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.