2022 *2021202020192018
Statement of Net Position ($000)
Cash & Short-Term Investments101,12296,06782,16675,79370,224
Total Assets732,831703,452642,926633,753626,269
Total Debt172,428158,687157,565156,412157,264
Total Liabilities452,741454,490427,392421,072411,269
Total Unrestricted Net Assets-6,356-12,402-44,458-43,429-38,886
Total Net Assets251,756228,573194,795181,401177,931
Statement of Revenues, Expenses and Changes in Net Position ($000)
Net Tuition Rev86,06484,34087,86989,08390,713
Total Operating Exp287,648264,372264,803264,826262,506
Adjusted Net Operating Income-28,596-33,262-31,364-26,238-24,764
Revenue Over Expenses12,9307,950-2,396-960-605
Liquidity
Unrestricted Resources to Operations %-3.64-9.10-15.85-16.11-15.94
Unrestricted Resources to Debt %-5.58-11.77-29.53-31.33-30.76
Expendable Resources to Operations %7.761.48-8.12-8.38-6.96
Expendable Resources to Debt %11.952.24-12.52-10.77-12.89
Capital
Average Age of Plant15.2315.5015.2714.9014.45
Long-Term Debt / Capitalization %34.833.935.937.038.6
Total Debt / Capitalization %37.8836.3140.0639.3740.45
Leverage
Current Debt Service Cov3.202.841.591.771.77
Financial Condition
EBIDA Margin %13.3812.267.378.087.69
Adjusted Operating Margin %-11.64-14.96-14.11-11.43-11.95
Profit Margin %4.613.83-1.02-0.52-0.18
Profile
Undergraduate Headcount10,24510,53610,75611,13510,781
Total Headcount13,01612,94213,01013,39513,340
Total Full-Time Equivalent Students10,37410,40910,72010,89310,892
Tuition: Resident7,7167,4257,2927,0876,840
Tuition: Non-Resident18,49418,34618,20718,32718,104
Tuition Dependence %31.3634.0733.4733.3233.57
* 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.