2022 *2021202020192018
Statement of Net Position ($000)
Cash & Short-Term Investments102,27696,06782,16675,79370,224
Total Assets747,059703,452642,926633,753626,269
Total Debt171,184158,687157,565156,412157,264
Total Liabilities463,676454,490427,392421,072411,269
Total Unrestricted Net Assets-7,792-12,402-44,458-43,429-38,886
Total Net Assets262,510228,573194,795181,401177,931
Statement of Revenues, Expenses and Changes in Net Position ($000)
Net Tuition Rev87,97284,34087,86989,08390,713
Total Operating Exp299,532264,372264,803264,826262,506
Adjusted Net Operating Income-28,477-32,726-30,968-26,238-24,764
Revenue Over Expenses12,7167,950-2,396-960-605
Liquidity
Unrestricted Resources to Operations %-3.70-9.10-15.85-16.11-15.94
Unrestricted Resources to Debt %-5.86-11.77-29.53-31.33-30.76
Expendable Resources to Operations %5.941.48-8.12-8.38-6.96
Expendable Resources to Debt %11.612.24-12.52-10.77-12.89
Capital
Average Age of Plant15.2715.5015.2714.9014.45
Long-Term Debt / Capitalization %35.133.935.937.038.6
Total Debt / Capitalization %37.5536.3140.0639.3740.45
Leverage
Current Debt Service Cov3.192.841.591.771.77
Financial Condition
EBIDA Margin %13.3212.267.378.087.69
Adjusted Operating Margin %-11.44-14.96-14.11-11.43-11.95
Profit Margin %4.523.83-0.94-0.52-0.18
Profile
Undergraduate Headcount10,19910,40110,64910,79010,736
Total Headcount13,20912,94213,01013,39513,340
Total Full-Time Equivalent Students10,27910,25710,69010,80410,886
Tuition: Resident7,7327,4127,2717,0876,840
Tuition: Non-Resident18,53718,31918,20418,28718,096
Tuition Dependence %31.3734.0733.4733.3233.57
* 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.