2018 *2017201620152014
Statement of Net Position ($000)
Cash & Short-Term Investments29,65326,48324,16222,27020,995
Total Assets180,712164,779158,185153,860143,992
Total Debt55,15542,46641,93040,28638,513
Total Liabilities125,16899,70893,60288,98753,872
Total Unrestricted Net Assets-17,980-6,659-4,274-2,02313,585
Total Net Assets36,75451,10750,08444,10275,622
Statement of Revenues, Expenses and Changes in Net Position ($000)
Net Tuition Rev11,76511,69211,11610,48810,593
Total Operating Exp80,11574,82575,22069,14769,276
Adjusted Net Operating Income-6,538-8,272-8,324-6,856-7,508
Revenue Over Expenses9693948131,221870
Unrestricted Resources to Operations %-29.85-13.31-10.51-6.5221.37
Unrestricted Resources to Debt %-27.59-12.85-8.81-4.9036.08
Expendable Resources to Operations %-17.78-
Expendable Resources to Debt %-15.33-1.350.932.0750.50
Average Age of Plant12.8112.6012.2511.9311.80
Long-Term Debt / Capitalization %55.249.547.447.139.2
Total Debt / Capitalization %60.6653.4752.3550.8143.11
Current Debt Service Cov1.341.251.461.451.36
Financial Condition
EBIDA Margin %10.309.2310.8410.669.63
Adjusted Operating Margin %-10.71-13.67-12.81-12.79-14.56
Profit Margin %1.750.581.731.651.29
Total Headcount7,5057,7307,7787,4127,875
Total Full-Time Equivalent Students4,1734,1774,1934,2294,453
Tuition: Resident3,0002,8562,7682,7002,607
Tuition: Non-Resident6,7746,4686,4136,3286,144
Tuition Dependence %16.6817.8617.1516.9417.51
* 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.