Accrediting Council for Independent Colleges and Schools
SUMMARY OF KEY OPERATING STATISTICS
Data Collected from the 2014 Campus Accountability Reports
TABLE OF CONTENTS Introduction...................................................................................................1 Enrollment Data............................................................................................4 Retention and Placement Data..................................................................8 Program Contact Hours &Tuition & Fees..................................................15 Annual Financial Report Data...................................................................31
INTRODUCTION In the pursuit of quality, ACICS establishes benchmarks and measures institutional performance against those benchmarks in a methodical, systematic manner. The information collected during site reviews and garnered from annual reports and data submissions provides a strong empirical foundation for the Council’s deliberations and decisions regarding quality. ACICS continues to explore new ways to gather information about the quality of education, reflecting an institutional commitment to continuous improvement, and a public obligation to transparent accountability. Quality in post-secondary education is not defined by a single entity or set of standards; more importantly, quality has many different dimensions, depending on the expectations of those demanding accountability. In “Quest for Quality,” the most salient dimensions include high standards (exceptional quality); zero defects (consistency); meeting customer needs (fitness of purpose); efficiency and effectiveness (value derived from investment) and in some cases, transformation (empowering the enhancement of outcomes). Some stakeholders will find greater value in one dimension versus others; few stakeholders will express expectations of accountability across all five dimensions. ACICS does not have the luxury of selecting which dimensions of quality to emphasize; highprofile expectations of quality assurance in post-secondary education touch all five dimensions with great passion and authority. The Council’s challenge is to refine and reinforce the evidence it collects, the methods by which it is analyzed, and the actions that result. It is an on-going task, one that never ends or is deemed “completed.” Applying the dimensions of quality to nearly 900 colleges and schools requires careful review of the data included in the annual Key Operating Statistics. In that context, ACICS offers the 2014 Summary of Key Operating Statistics. Collecting, analyzing and discussing the information affords the Council a great opportunity each year to fulfill its important mission as an assurer of quality, including the achievement of high standards, zero defects, student achievement, and acceptable value.
ACICS-ACCREDITED SCHOOLS
4
2014 Key Operating Statistics
ENROLLMENT DATA DEFINITIONS USED BY INSTITUTIONS WHEN PROVIDING ENROLLMENT INFORMATION Credential Level
Indicates the highest level of programs an institution offers under its grant of accreditation.
Institution
A main campus and any branch campus of that main campus. As an institutional accreditor, ACICS accredits institutions as a whole and does not separately accredit individual campuses or programs.
Enrollment at the Beginning of the Reporting Period
The number of students enrolled on July 1. Enrollment represents the unduplicated* student headcount.
Doctoral Degree
7
Non-Degree
131
Occupational Associate's Degree
118
Academic Associate's Degree
Master's Degree
75
NUMBER OF ACICS-ACCREDITED SCHOOLS
Bachelor's Degree
309
191
STATES WITH THE LARGEST NUMBER OF ACICS-ACCREDITED SCHOOLS
FLORIDA................................... 88 CALIFORNIA............................ 80 PENNSYLVANIA....................... 49 OHIO........................................ 48 TEXAS....................................... 41 PUERTO RICO........................... 34 INDIANA.................................. 34 NEW YORK............................... 32 VIRGINIA.................................. 34 KENTUCKY................................ 24
* Subtraction of duplicates caused by students enrolled in more than one program during the CAR reporting period.
Enrollment Data
5
TOTAL NUMBER OF STUDENTS ENROLLED AT ACICS-ACCREDITED SCHOOLS
NUMBER OF STUDENTS
1,000,000
881,262
899,141
846,082
800,000
770,876 647,041
600,000 400,000 200,000 0
2010
2011
2012
2013
2014
REPORTING YEAR
STUDENT ENROLLMENT BY CREDENTIAL 240,126
NUMBER OF STUDENTS
250,000 200,000 150,000 100,000
122,525
119,383 90,146
70,999
50,000 0
3,862 Non-Degree Occupational Academic Associate's Associate's Degree Degree
Bachelor's Degree
CREDENTIAL LEVEL
Master's Degree
Doctoral Degree
2014 Key Operating Statistics
AVERAGE ENROLLMENT 1,200
1,077
NUMBER OF STUDENTS
1,000
1,046 899
842
800
779
600 400 200 0
2010
2011
2012
2013
2014
588
581
2013
2014
REPORTING YEAR
MEDIAN ENROLLMENT 1,200 960 NUMBER OF STUDENTS
6
791
720
774
673
480 240 0
2010
2011
2012 REPORTING YEAR
Enrollment Data
All Institutions
Non-degree
Occupational Associate’s Degree
Academic Associate’s Degree
Bachelor’s Degree
Master’s degree
Enrollment at Beginning of Period
312,319*
37,458
34,756
54,988
122,673
60,942
New Starts
300,361*
50,331
31,907
57,954
104,603
53,225
Reentries
29,541*
2,175
2,725
4,595
12,190
7,823
Total Enrollment During Reporting Year
647,041*
90,146
70,999
119,383
240,126
122,525
Number of Enrollees Without a High School Diploma or Equivalent While Enrolled
5,571*
772
2,605
359
1,301
534
Number of Enrollees in One or More Courses through Distance Learning
109,947*
1,665
7,997
14,992
65,469
19,421
Completed a Full Program
2,891*
1,172
193
543
555
387
Graduated from a Program
147,568
29,993
17,945
33,948
47,487
17,585
588*
30
66
89
344
57
Withdrew
195,987*
21,923
18,849
29,759
72,558
52,548
Still Enrolled at the End of the Period
287,562*
35,895
31,628
51,380
114,950
50,842
Students Who Withdrew to Accept Employment in Their Field of Training
279*
66
30
46
99
32
Withdrew due to Military Service
* Total includes campuses that offer doctoral programs.
7
8
2014 Key Operating Statistics
RETENTION & PLACEMENT DATA RETENTION DATA Institutions report retention outcomes based on the total enrollment and withdrawals during the reporting period. The following definitions apply in determining the appropriate retention classification. The Council’s benchmark for retention in the 2014 reporting year was 70% and the Council standard was 60%. It reflects the Council’s emphasis on the value of retaining students from one term to the next as a fundamental element of student success; i.e., retention leads to completion, completion leads to graduation, and graduation leads to employment and participation in economic opportunity.
Withdrawal A student who is no longer enrolled at the institution and…
1. has failed to attend the full length of the program;
2. has not maintained satisfactory academic progress;
3. has failed courses or substitute courses permitted by the institution;
4. has not attained speeds or competencies required;
5. is not eligible for a credential; or
6. failed to meet the institution’s attendance and/or graduation requirements.
…is considered to be withdrawn from enrollment.
Retention Rates Retention rates are calculated for each institution according to standard formulas adopted by the Council. Some categories of students withdrawing for reasons beyond the control of the institution are excluded from the calculation of the retention rate. These may include: active military service, incarceration, death, and enrollment in an institution with common ownership.
Retention Percentage Rate = ((A-B)-C) / (A-B) A = Beginning Enrollment and Reentries and New Starts B = Withdrew to enroll in institution with common ownership C = Withdrawals
9
2014 AVERAGE RETENTION RATES BY REPORTING YEAR
RETENTION RATE (%)
100 80 60
Retention Rate
9 73
10 72
11 73
9 73
10 73
2012
2013
2014
Standard Deviation
40 20 0
2010
2011
REPORTING YEAR
2014 AVERAGE RETENTION RATES BY CREDENTIAL LEVEL
RETENTION RATE (%)
85
80
78 74
75
74 68
70
65
74
NonDegree
Occupational Academic Bachelor's Associate's Associate's Degree Degree Degree
CREDENTIAL LEVEL
Master's Degree
10 2014 Key Operating Statistics
PLACEMENT DATA Institutions report placement outcomes for graduates and completers as of the submission date of the CAR. The following definitions apply in determining the appropriate placement classification. The Council’s benchmark for placement in the 2014 reporting year was 70% and the Council standard was 60%. Completer A student who is no longer enrolled at the institution and who either has completed the time allowed or has attempted the maximum allowable number of credits for the program of study, but who did not accomplish one of the following graduation requirements: (1) achieved a grade point average of at least 2.0; (2) attained required competencies or speed skills; or (3) satisfied non-academic requirements. Graduate A student who has (1) achieved a grade point average of 2.0 or greater at graduation; (2) successfully passed all courses in the program or substitute courses permitted by the institution; (3) attained required competencies or speed levels in all courses; (4) met all clinical, internship, and externship requirements; (5) satisfied all non-academic requirements such as payment of tuition and fees, return of books, etc.; (6) satisfied all other academic requirements for graduation; (7) received the appropriate credential; and (8) ceased enrollment in the program. Placement ACICS applies the following Definition of Placement to outcomes reported by member institutions: Placed based upon job titles: Any graduate or completer of a program that was placed based upon job titles included in the list of job titles published by the institution for which the program prepares students. These job titles must be those published by the institution on its web site in compliance with USDOE Title IV regulations and must be identified in the Department’s CIP-to-SOC Crosswalk (Standard Occupational Classification, US Department of Labor) with the Classification of Instructional Programs (CIP) code of this program. OR Placed based upon the required use of skills: Any graduate or completer of a program that was placed based upon the required use of skills learned in the student’s program as a predominant component of the job. These skills must be those listed in the institution’s published program description and a majority of these skills must be documented in the employer’s job description as required or desired skills, duties or responsibilities. OR Placed based upon the benefit of the training: Any graduate or completer of a program that was placed based upon the benefit of the training received from the program in obtaining a new position or maintaining a current position, supporting promotion or improving job related skills. All Institutions
Non-degree
Occupational Associate’s Degree
Academic Associate’s Degree
Bachelor’s Degree
Master’s degree
Total Number of Completers and Graduates Eligible for Placement
150,459*
31,165
18,138
34,491
48,042
17,972
Placed in Field
92,607*
18,639
12,069
22,251
30,257
9,188
Not Available Due to Pregnancy or Other Health Situation
4,040*
711
556
894
1,394
483
Not Available Due to Continuing Education
12,484*
1,498
1,082
2,161
5,130
2,581
Not Available Due to Active Military Service
407*
43
47
126
121
69
International Student Possessing an I-20 Visa
2,405*
783
271
370
63
567
ESL Completers or Graduates
1,085*
334
328
47
0
349
Not Employed (Not Working)
36,287*
8,598
3,668
8,500
10,945
4,541
Retention & Placement Data
11
AVERAGE PLACEMENT RATES BY YEAR
PLACEMENT RATE (%)
100 80 60
100
11 71
21
12
66
72
2012
2013
13
11 71
12
2170
72
66
40
12 74
12 74
0
20 2010
2010
2011
2011
2012
2013
Standard Deviatio
2014
2014
REPORTING YEAR
AVERAGE PLACEMENT RATES BY CREDENTIAL LEVEL
PLACEMENT RATE (%)
100 80
71
77
73
73
Academic Associate's Degree
Bachelor's Degree
76
60 40 20 0
Non-Degree Occupational Associate's Degree
Master's Degree
CREDENTIAL LEVEL
*Total includes campuses that offer doctoral programs ** Data does not include institutions that reported zeros for both retention and placement where applicable. Placement rates are calculated for each institution according to standard formulas adopted by the Council.
(Placed by job title + Placed by skills + Placed by benefit of training)
((Completers + Graduates) - (Exemptions*))
Rate
Standard Deviation
20
40
0
80
13 60 70
Placement Rate Placement
* Exemptions are: pregnancy, death or other health-related issues, continuing education, military service, visa restrictions, enrollment in English as a Second Language (ESL) program, & incarceration.
12 2014 Key Operating Statistics
RETENTION & PLACEMENT AVERAGES BY STATE EXPRESSED IN %
Retention
Placement
2010
2011
2012
2013
2014
2010
2011
2012
2013
2014
Alabama
66
67
68
67
65
68
71
71
72
74
Alaska
72
64
72
62
59
88
84
47
75
95
Arizona
75
72
73
75
70
70
68
66
75
76
Arkansas
62
64
72
69
71
72
63
47
65
63
California
79
79
80
80
80
73
73
71
75
77
Colorado
74
72
73
73
72
69
70
71
73
76
Connecticut
78
75
76
79
79
72
69
64
67
70
District of Columbia
N/A
N/A
N/A
N/A
81
N/A
N/A
N/A
N/A
75
Florida
72
72
73
74
71
68
71
66
71
74
Georgia
69
66
71
70
71
74
69
56
68
75
Hawaii
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Idaho
81
77
78
75
68
73
58
77
77
77
Illinois
74
73
74
76
77
73
78
57
58
75
Indiana
72
68
63
68
66
76
70
69
75
76
Iowa
78
61
61
62
65
100
78
74
73
76
Kansas
68
68
69
67
66
80
70
61
65
73
Kentucky
68
64
65
65
65
69
66
73
74
72
Lousiana
68
71
71
71
47
76
68
72
59
73
Maine
72
73
71
72
67
69
68
71
79
71
Maryland
77
74
79
73
72
65
56
52
52
70
Massachusetts
75
74
73
76
76
73
73
61
65
71
Michigan
74
71
73
71
68
71
69
62
63
75
Minnesota
73
70
71
73
72
80
76
71
76
77
Mississippi
69
72
67
66
64
72
70
51
70
71
Missouri
76
73
70
72
71
73
75
68
71
75
Nebraska
72
70
77
64
62
75
72
35
84
73
13
Retention & Placement Data
Retention
Placement
2010
2011
2012
2013
2014
2010
2011
2012
2013
2014
Nevada
79
75
77
77
73
70
63
69
70
73
New Hampshire
88
88
84
85
81
70
41
65
67
73
New Jersey
76
76
78
76
77
73
73
69
70
74
New Mexico
82
77
72
75
72
70
69
75
68
76
New York
76
74
72
77
76
72
69
65
68
71
North Carolina
69
69
67
70
70
74
70
58
71
75
North Dakota
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Ohio
69
65
68
68
67
73
70
69
74
73
Oklahoma
70
70
73
69
69
68
74
73
76
81
Oregon
78
79
77
80
77
66
68
61
66
78
Pennsylvania
75
74
74
75
76
75
75
69
70
72
Puerto Rico
71
68
69
71
72
72
69
66
67
61
Rhode Island
76
77
75
81
81
65
70
68
58
76
South Carolina
79
71
72
73
71
76
76
66
68
78
South Dakota
62
60
68
75
68
73
81
82
85
74
Tennessee
69
67
68
67
67
68
69
67
69
74
Texas
76
72
72
73
76
67
66
61
70
74
Utah
72
69
71
72
73
79
75
70
68
71
Virginia
75
73
75
75
75
71
62
67
71
74
Washington
81
77
72
75
78
68
67
61
66
71
West Virginia
71
73
68
70
72
73
76
76
80
77
Wisconsin
76
68
66
70
64
70
57
59
71
78
Wyoming
69
68
66
70
75
85
90
72
85
80
International
78
84
81
82
79
82
80
61
60
56
14 2014 Key Operating Statistics
TOP PROGRAMS BY NUMBER OFFERED 789 578 490 312 290 264 240 232 232 218 0
100
Business Administration and Management Medical/Clinical Assistant Criminal Justice/Law Enforcement Accounting Legal Assistant / Paralegal Electrical, Electronic & Communications Engineering Technology/Technician Computer Systems Networking/ Telecommunication Medical Office Assistant Computer and Information Systems Security Massage Therapy
200
300
400
500
600
700
800
TOP PROGRAMS BY ENROLLMENT
87,984 39,807 25,218 23,129 21,545 21,277 20,963 16,727 15,466 15,305 0
Medical/ Clinical Assistant Business Administration & Management System, Networking, and LAN/WAN Management/Manager Criminal Justice/Law Enforcement Electrical, Electronic & Communications Engineering Technology/Technician Business and Related Support Services, Other Cooking and Related Culinary Arts, General Medical Administrative Assistant Nursing Securities Services Administration/Management
20,000
40,000
60,000
80,000
100,000
PROGRAM CONTACT HOURS & TUITION & FEES ACICS monitors average program lengths and tuition and fees of similar programs of study of its accredited institutions as required by the U.S. Department of Education. Further, the Accreditation Criteria specifies that the Council will collect and provide data relative to program length and tuition and fees for all ACICS-accredited institutions. The charts on the following pages identify the average program length and tuition and fees charged by credential for selected programs. The data were derived from the statistical information reported on the 2014 Campus Accountability Reports (CAR) by all ACICS-accredited institutions. The program codes given correspond with those used to report program data on the CAR. To maintain confidentiality, ACICS does not publish information for programs that are offered by fewer than ten institutions.
16 2014 Key Operating Statistics
AVERAGE PROGRAM CONTACT HOURS CERTIFICATE/DIPLOMA Program
Program Code
Number of Programs DAY
EVENING
Average Contact Hours
Standard Deviation
Accounting
52.0301
103
103
717
187
Administrative Assistant
52.0401
179
179
718
223
Aesthetician/Esthetician and Skin Care Specialist
12.0409
25
25
775
202
Animation/Interactive Technology/Video Graphics
10.0304
11
11
1,333
212
Automotive Mechanics Technology
47.0604
25
25
1,240
221
Baking and Pastry Arts
12.0501
54
54
940
150
Banking and Financial Support Services
52.0803
21
21
1,091
32
Barbering/Barber
12.0402
22
22
1,188
317
Bartending
12.0502
18
18
911
223
Business Accounting Technology
52.0302
95
95
599
164
Business Administration and Management
52.0201
158
158
536
209
Business Office Technology
52.0407
50
50
673
262
Business/Commerce, General
52.0101
16
16
671
124
Cardiovascular Technology
51.0901
17
17
1,231
526
Child Care and Support Services Management
19.0708
12
12
1,073
118
Computer and Information Systems Security
11.1003
26
26
753
261
Computer Installation and Repair Technology
47.0104
29
29
919
231
Computer Software and Media Applications
11.0899
10
10
808
347
Computer Support Specialist
11.1006
48
48
654
203
Computer Systems Networking/ Telecommunications
11.0901
55
55
911
193
Computer Systems Technology
15.1202
37
37
610
178
Cooking and Related Culinary Arts
12.0500
55
55
970
193
Cosmetology
12.0401
183
183
1,251
332
Court Reporting
22.0303
20
20
2,293
1,552
Criminal Justice/Law Enforcement
43.0103
37
37
688
145
Culinary Arts/Chef Training
12.0503
15
15
893
217
Data Entry/Microcomputer Applications
11.0601
28
28
573
147
Data Processing Technology
11.0301
33
33
698
145
Dental Assistant
51.0601
123
123
870
147
Diagnostic Medical Sonography
51.0910
20
20
1,937
107
Electrical/Electronics Maintenance and Repair Tech
47.0199
40
40
924
201
Emergency Medical Technology
51.0904
22
22
950
398
English as a Second Language
13.1401
56
56
822
245
Average Program Contact Hours by Degree Level & Program
Program
Program Code
Number of Programs DAY
EVENING
Average Contact Hours
Standard Deviation
Graphic Design
50.0409
26
26
1,037
198
Health and Physical Education/Fitness
31.0599
26
26
862
211
Heating, A/C and Refrigeration Technology
15.0501
63
63
969
274
Information Technology
11.0103
28
28
876
249
Legal Administrative Assistant
22.0301
62
62
962
149
Legal Assistant/Paralegal
22.0302
75
75
766
219
Licensed Practical/Vocational Nurse
51.1613
46
46
1,242
298
Massage Therapy
51.3501
199
199
864
118
Medical Administrative Assistant
51.0716
131
131
818
168
Medical Insurance Coding Specialist/Coder
51.0713
156
156
788
152
Medical Insurance Specialist/Medical Biller
51.0714
139
139
771
154
Medical Office Assistant
51.0710
207
207
754
213
Medical Transcription
51.0708
19
19
1,098
38
Medical/Clinical Assistant
51.0801
387
387
878
143
Nail Technician/Specialist and Manicurist
12.0410
29
29
710
260
Nursing
51.1601
24
24
1,278
185
Nursing/Patient Care Assistant
51.1614
37
37
750
413
Pharmacy Assistant
51.0805
167
167
766
191
Phlebotomy
51.1009
31
31
643
251
Radiologic Technology
51.0911
15
15
1,038
418
Respiratory Therapy Assistant
51.0812
15
15
1,270
171
Surgical Technology
51.0909
31
31
1,247
191
Tourism and Travel Services Management
52.0903
20
20
1,053
152
Web Page and Digital/Multimedia Design
11.0801
49
49
794
154
17
18 2014 Key Operating Statistics
OCCUPATIONAL ASSOCIATE’S DEGREE
Program
Program Code
Number of Programs DAY
EVENING
Average Contact Hours
Standard Deviation
Accounting
52.0301
59
59
1,298
252
Administrative Assistant
52.0401
47
47
1,365
256
Business Administration and Management
52.0201
110
110
1,233
245
Cardiovascular Technology
51.0901
10
10
1,935
306
Computer Systems Networking/ Telecommunications
11.0901
30
30
1,307
111
Computer Systems Technology
15.1202
14
14
1,244
159
Cosmetology
12.0401
12
12
1,757
149
Court Reporting
22.0303
27
27
2,594
823
Criminal Justice/Law Enforcement
43.0103
34
34
1,263
342
Dental Assistant
51.0601
12
12
1,426
335
Health Information Technology
51.0707
36
36
1,410
283
Human Resources Management
52.1001
18
18
1,283
270
Information Technology
11.0103
11
11
1,379
177
Legal Administrative Assistant
22.0301
12
12
1,325
166
Legal Assistant/Paralegal
22.0302
39
39
1,216
217
Marketing/Marketing Management
52.1401
15
15
1,335
175
Massage Therapy
51.3501
33
33
1,335
199
Medical Administrative Assistant
51.0716
49
49
1,308
259
Medical Insurance Coding Specialist/Coder
51.0713
20
20
1,261
182
Medical Insurance Specialist/Medical Biller
51.0714
19
19
1,171
83
Medical Office Assistant
51.0710
22
22
1,336
150
Medical Staff Services Technology/Technician
51.0717
16
16
1,306
233
Medical/Clinical Assistant
51.0801
81
81
1,340
297
Pharmacy Assistant
51.0805
11
11
1,104
42
Respiratory Therapy Assistant
51.08012
10
10
1,764
160
Surgical Technology
51.0909
20
20
1,512
183
Web Page and Digital/Multimedia Design
11.0801
11
11
1,303
162
Average Program Contact Hours by Degree Level & Program
19
ACADEMIC ASSOCIATE’S DEGREE
Program
Program Code
Number of Programs DAY
EVENING
Average Contact Hours
Standard Deviation
Accounting
52.0301
151
151
1,127
146
Administrative Assistant
52.0401
67
67
1,161
179
Baking and Pastry Arts
12.0501
29
29
1,386
164
Business Accounting Technology
52.0302
94
94
1,092
119
Business Administration and Management
52.0201
309
309
1,048
163
Business and Related Support Services, Other
52.9999
30
30
971
30
Business Office Technology
52.0407
11
11
1,163
174
Business/Commerce, General
52.0101
108
108
1,021
53
Cardiovascular Technology
51.0901
19
19
1,767
487
Clinical Laboratory Technology
51.1005
11
11
1,498
261
Computer and Electronics Engineering Technology
15.0303
229
229
1,117
95
Computer and Information Systems Security
11.1003
55
55
1,157
193
Computer Drafting and Design
15.1302
126
126
1,223
155
Computer Programming
11.0201
171
171
1,143
94
Computer Science
11.0701
12
12
947
242
Computer Software and Media Applications
11.0899
21
21
1,189
121
Computer Systems Networking/ Telecommunications
11.0901
187
187
1,169
138
Computer/Info Technology Services Administration and Management
11.1099
13
13
1,078
59
Construction Management
52.2001
11
11
965
0
Cooking and Related Culinary Arts
12.0500
22
22
1,448
183
Criminal Justice/Law Enforcement
43.0103
290
290
1,076
196
Criminalistics and Criminal Science
43.0111
101
101
1,015
17
Dental Assistant
51.0601
23
23
1,315
121
Design and Visual Communications
50.0401
76
76
1,218
189
Drafting and Design Technology
15.1301
157
157
1,104
32
Early Childhood Education
13.1210
17
17
1,235
138
Electrical/Electronics Maintenance and Repair Tech
47.0199
11
11
1,111
111
Electronics and Communications Engineering
14.1001
16
16
1,109
50
Fashion/Apparel Design
50.0407
10
10
1,408
265
General Studies
24.0102
11
11
1,006
308
Graphic Design
50.0409
140
140
1,155
105
Health and Physical Education/Fitness
31.0599
20
20
1,164
51
Health Care Administration/Management
51.0701
60
60
1,097
110
20 2014 Key Operating Statistics
ACADEMIC ASSOCIATE’S DEGREE (Continued) Program
Program Code
Number of Programs EVENING
Average Contact Hours
Standard Deviation
DAY Health Information Technology
51.0707
78
78
1,199
122
Health Services/Allied Health/ Health Sciences
51.0000
28
28
898
440
Hotel/Motel Administration/Management
52.0904
15
15
1,272
267
Human Resources Management
52.1001
17
17
1,061
60
Information Technology
11.0103
93
93
1,164
139
Interior Design
50.0408
12
12
1,196
159
Legal Administrative Assistant
22.0301
15
15
1,297
135
Legal Assistant/Paralegal
22.0302
236
236
1,117
166
Marketing/Marketing Management
52.1401
44
44
1,053
43
Massage Therapy
51.3501
35
35
1,352
119
Medical Administrative Assistant
51.0716
76
76
1,192
133
Medical Insurance Coding Specialist/Coder
51.0713
54
54
1,108
64
Medical Insurance Specialist/Medical Biller
51.0714
27
27
1,257
245
Medical Office Assistant
51.0710
61
61
1,142
166
Medical/Clinical Assistant
51.0801
220
220
1,216
122
Nursing
51.1601
50
50
1,550
165
Nursing/Registered Nurse
51.3801
74
74
1,568
178
Occupational Therapist Assistant
51.0803
24
24
1,671
118
Pharmacy Assistant
51.0805
62
62
1,233
153
Physical Therapist Assistant
51.0806
8
8
1,766
199
Securities Services Administration/ Management
43.0112
19
19
970
0
Surgical Technology
51.0909
70
70
1,410
130
System Administration
11.1001
69
69
1,174
38
System, Networking, and LAN/WAN Management/Manager
11.1002
114
114
1,104
13
Veterinary/Animal Health Technology
51.0808
46
46
1,482
209
Web Page and Digital/Multimedia Design
11.0801
46
46
1,140
86
Average Program Contact Hours by Degree Level & Program
21
BACHELOR’S DEGREE Program
Program Code
Number of Programs DAY
EVENING
Average Contact Hours
Standard Deviation
Accounting
52.0301
71
71
2,065
218
Advertising
09.0903
13
13
2,348
167
Animation/Interactive Technology/ Video Graphics
10.0304
92
92
2,323
162
Business Administration and Management
52.0201
356
356
1,960
270
Computer and Electronics Engineering Technology
15.0303
86
86
2,107
187
Computer and Information Systems Security
11.1003
212
212
2,186
188
Computer Graphics
11.0803
11
11
2,437
58
Computer Programming
11.0201
114
114
2,181
162
Computer Science
11.0701
11
11
2,058
295
Computer Software and Media Applications
11.0899
14
14
2,199
191
Construction Management
52.2001
40
40
2,052
128
Criminal Justice/Law Enforcement
43.0103
224
224
1,963
183
Design and Visual Communications
50.0401
15
15
2,324
36
Electrical & Electronic EngTechnologies/ Technician
15.0399
83
83
2,159
266
Electronics and Communications Engineering
14.1001
16
16
2,157
110
Fashion Merchandising
52.1902
16
16
2,261
330
Fashion/Apparel Design
50.0407
18
18
2,407
140
General Studies
24.0102
14
14
1,658
444
Graphic Design
50.0409
53
53
2,335
202
Health Care Administration/Management
51.0701
135
135
1,989
250
Human Resources Management
52.1001
16
16
1,946
147
Information Technology
11.0103
125
125
2,152
279
Interior Design
50.0408
36
36
2,361
174
Legal Assistant/Paralegal
22.0302
49
49
2,116
212
Marketing/Marketing Management
52.1401
14
14
1,907
141
Nursing
51.1601
16
16
2,071
594
Nursing/Registered Nurse
51.3801
35
35
1,265
683
Photography
50.0605
12
12
2,202
410
Project Management
52.0211
133
133
1,997
109
Securities Services Administration/Management
43.0112
16
16
1,941
32
System Administration
11.1001
14
14
2,178
62
Web Page and Digital/Multimedia Design
11.0801
37
37
2,257
285
22 2014 Key Operating Statistics
MASTER’S DEGREE
Program Business Administration and Management
Program Code 52.0201
Number of Programs DAY
EVENING
Average Contact Hours
98
98
663
Standard Deviation 368
23
AVERAGE PROGRAM TUITION AND FEES CERTIFICATE/DIPLOMA
Program
Program Code
Number of Programs DAY EVENING
Average Tuition & Fees DAY EVENING
Standard Deviation DAY EVENING
Accounting
52.0301
103
103
17,445
18,131
6,891
6,976
Administrative Assistant
52.0401
179
179
16,198
16,818
5,813
5,988
Aesthetician/Esthetician and Skin Care Specialist
12.0409
25
25
10,424
10,921
2,760
2,317
Animation/Interactive Technology/ Video Graphics
10.0304
11
11
29,714
20,758
10,146
4,908
Automotive Mechanics Technology
47.0604
25
25
12,402
12,402
7,939
7,939
Baking and Pastry Arts
12.0501
54
54
17,197
15,711
7,072
5,737
Banking and Financial Support Services
52.0803
21
21
10,396
10,396
1,823
1,823
Barbering/Barber
12.0402
22
22
11,970
11,970
4,775
4,775
Bartending
12.0502
18
18
7,551
7,551
1,744
1,744
Business Accounting Technology
52.0302
95
95
16,241
16,568
4,516
4,655
Business Administration and Management
52.0201
158
158
15,616
15,722
4,705
4,570
Business Office Technology
52.0407
50
50
12,342
13,733
3,871
2,036
Business/Commerce, General
52.0101
16
16
17,795
18,976
7,696
6,290
Cardiovascular Technology
51.0901
17
17
25,190
25,368
8,473
8,830
Child Care and Support Services Management
19.0708
12
12
8,739
8,739
2,427
2,427
Computer and Information Systems Security
11.1003
26
26
17,250
17,735
6,092
6,126
Computer Installation and Repair Technology
47.0104
29
29
11,324
10,589
5,062
5,350
Computer Software and Media Applications
11.0899
10
10
14,809
12,594
8,302
4,730
Computer Support Specialist
11.1006
48
48
15,296
15,183
2,861
3,013
Computer Systems Networking/ Telecommunications
11.0901
55
55
17,595
17,595
6,478
6,478
Computer Systems Technology
15.1202
37
37
15,474
15,474
6,148
6,237
Cooking and Related Culinary Arts
12.0500
55
55
19,368
17,701
7,539
6,578
Cosmetology
12.0401
183
183
13,694
13,662
6,043
6,146
Court Reporting
22.0303
20
20
37,192
47,294
22,232
29,632
Criminal Justice/Law Enforcement
43.0103
37
37
17,480
17,905
3,725
3,432
Culinary Arts/Chef Training
12.0503
15
15
21,359
20,344
5,504
3,881
Data Entry/Microcomputer Applications
11.0601
28
28
10,897
10,897
2,451
2,451
Data Processing Technology
11.0301
33
33
15,766
15,251
1,302
767
Dental Assistant
51.0601
123
123
17,283
17,593
3,332
3,659
Diagnostic Medical Sonography
51.0910
20
20
36,176
33,344
10,240
1,173
24 2014 Key Operating Statistics
CERTIFICATE/DIPLOMA (Continued)
Program
Program Code
Number of Programs DAY EVENING
Average Tuition & Fees DAY EVENING
Standard Deviation DAY EVENING
Electrical/Electronics Maintenance and Repair Tech
47.0199
40
40
13,140
13,069
4,033
4,454
Emergency Medical Technology
51.0904
22
22
10,387
10,387
3,356
3,356
English as a Second Language
13.1401
56
56
7,294
6,064
5,149
4,009
Graphic Design
50.0409
26
26
23,070
25,368
6,347
6,005
Health and Physical Education/Fitness
31.0599
26
26
17,063
17,086
6,833
6,865
Heating, A/C and Refrigeration Technology
15.0501
63
63
15,324
14,846
5,535
5,231
Information Technology
11.0103
28
28
12,953
13,232
4,537
4221
Legal Administrative Assistant
22.0301
62
62
18,195
18,946
5,998
6,417
Legal Assistant/Paralegal
22.0302
75
75
17,913
18,174
6,195
6,108
Licensed Practical/Vocational Nurse
51.1613
46
46
19,933
19,626
8,649
9,675
Massage Therapy
51.3501
199
199
15,185
15,280
4,408
4,583
Medical Administrative Assistant
51.0716
131
131
17,594
18,071
4,984
5,074
Medical Insurance Coding Specialist/Coder
51.0713
156
156
18,140
18,292
4,156
4,166
Medical Insurance Specialist/Medical Biller
51.0714
139
139
16,427
16,480
3,730
4,047
Medical Office Assistant
51.0710
207
207
17,403
17,619
5,612
5,974
Medical Transcription
51.0708
19
19
14,073
12,668
7,350
6,913
Medical/Clinical Assistant
51.0801
387
387
19,006
16,930
4,033
7,532
Nail Technician/Specialist and Manicurist
12.0410
29
29
7,115
7,215
2,222
2,197
Nursing
51.1601
24
24
20,500
19,882
8,892
9,554
Nursing/Patient Care Assistant
51.1614
37
37
14,704
14,766
8,649
8,790
Pharmacy Assistant
51.0805
167
167
17,124
17,254
4,075
4,145
Phlebotomy
51.1009
31
31
12,769
12,685
4,220
4,342
Radiologic Technology
51.0911
15
15
23,974
23,842
4,978
5,298
Respiratory Therapy Assistant
51.0812
15
15
10,029
10,029
839
839
Surgical Technology
51.0909
31
31
16,508
16,343
6,522
6,747
Tourism and Travel Services Management
52.0903
20
20
11,559
11,559
2,806
2,806
Web Page and Digital/Multimedia Design
11.0801
49
49
22,712
20,459
4632
6136
25
Average Program Tuition & Fees by Degree Level & Program
OCCUPATIONAL ASSOCIATE’S DEGREE
Program
Program Code
Number of Programs DAY EVENING
Average Tuition & Fees DAY EVENING
Standard Deviation DAY EVENING
Accounting
52.0301
59
59
30,176
32,000
9,850
10,660
Administrative Assistant
52.0401
47
47
28,534
28,967
8,974
9,945
Business Administration and Management
52.0201
110
110
30,031
30,649
7,714
7,970
Cardiovascular Technology
51.0901
10
10
26,917
15,718
10,532
16,854
Computer Systems Networking/ Telecommunications
11.0901
30
30
33,972
34,527
5,626
5,610
Computer Systems Technology
15.1202
14
14
28,814
29,077
5,920
6,394
Cosmetology
12.0401
12
12
24,493
28,333
6,119
6,766
Court Reporting
22.0303
27
27
37,673
42,089
10,377
13,410
Criminal Justice/Law Enforcement
43.0103
34
34
33,016
32,961
7,741
8,053
Dental Assistant
51.0601
12
12
28,218
26,050
7,056
11,066
Health Information Technology
51.0707
36
36
28,502
28,616
6,378
6,821
Human Resources Management
52.1001
18
18
33,894
33,894
9,841
9,841
Information Technology
11.0103
11
11
26,812
28,302
4,905
5,465
Legal Administrative Assistant
22.0301
12
12
24,371
24,380
3,374
3,947
Legal Assistant/Paralegal
22.0302
39
39
28,146
28,197
7,264
7,617
Marketing/Marketing Management
52.1401
15
15
35,501
35,501
10,343
10,343
Massage Therapy
51.3501
33
33
27,850
28,234
6,526
6,573
Medical Administrative Assistant
51.0716
49
49
27,370
27,765
5,271
5,649
Medical Insurance Coding Specialist/Coder
51.0713
20
20
25,212
26,487
7,724
8,568
Medical Insurance Specialist/Medical Biller
51.0714
19
19
36,379
36,379
9,669
9,669
Medical Office Assistant
51.0710
22
22
23,721
24,207
4,518
4,888
Medical Staff Services Technology/Technician
51.0717
16
16
30,284
29,957
5,224
5,257
Medical/Clinical Assistant
51.0801
81
81
32,270
32,861
7,985
8,526
Pharmacy Assistant
51.0805
11
11
29,459
29,459
10,019
10,019
Respiratory Therapy Assistant
51.0812
11
11
34,765
37,057
2,874
7,322
Surgical Technology
51.0909
20
20
31,401
31,536
7,841
6,933
Web Page and Digital/Multimedia Design
11.0801
11
11
31,126
27,361
11,258
3,948
26 2014 Key Operating Statistics
ACADEMIC ASSOCIATE’S DEGREE
Program
Program Code
Number of Program DAY EVENING
Average Tuition & Fees DAY EVENING
Standard Deviation DAY EVENING
Accounting
52.0301
151
151
34,645
34,558
8,645
8,592
Administrative Assistant
52.0401
67
67
28,853
29,164
7,485
7,440
Baking and Pastry Arts
12.0501
29
29
39,704
38,351
4,156
1,701
Business Accounting Technology
52.0302
94
94
42,771
43,610
6,363
5,509
Business Administration and Management
52.0201
309
309
33,611
33,641
9,724
9,708
Business and Related Support Services, Other
52.9999
30
30
44,669
44,832
3,804
3,743
Business Office Technology
52.0407
11
11
26,701
26,701
17,283
17,283
Business/Commerce, General
52.0101
108
108
45,917
45,915
5,194
5,194
Cardiovascular Technology
51.0901
19
19
35,340
35,505
5,211
5,322
Clinical Laboratory Technology
51.1005
11
11
37,551
37,551
3,862
3,862
Computer and Electronics Engineering Technology
15.0303
229
229
47,001
46,798
3,786
4,901
Computer and Information Systems Security
11.1003
55
55
35,216
35,356
12,177
12,291
Computer Drafting and Design
15.1302
126
126
46,955
47,165
3,174
2,250
Computer Programming
11.0201
171
171
42,989
43,337
8,099
7,889
Computer Science
11.0701
12
12
26,295
24,927
13,829
13,933
Computer Software and Media Applications
11.0899
21
21
39,377
37,538
9,951
11,200
Computer Systems Networking/ Telecommunications
11.0901
187
187
43,427
44,141
6,842
6,225
Computer/Information Technology Services Administration and Management
11.1099
13
13
46,149
46,149
0
0
Construction Management
52.2001
11
11
38,469
38,469
2,874
2,874
Cooking and Related Culinary Arts
12.0500
22
22
39,032
35,158
7,285
5,017
Criminal Justice/Law Enforcement
43.0103
290
290
39,921
40,574
8,211
8,090
Criminalistics and Criminal Science
43.0111
101
101
46,536
46,536
4,357
4,357
Dental Assistant
51.0601
23
23
30,890
31,789
3,466
3,103
Design and Visual Communications
50.0401
76
76
47,444
47,452
7,577
7,262
Drafting and Design Technology
15.1301
157
157
44,540
44,530
4,497
4,510
Early Childhood Education
13.1210
17
17
26,640
26,640
11,293
11,293
Electrical/Electronics Maintenance and Repair Tech
47.0199
11
11
33,131
33,131
1,303
1,303
Electronics and Communications Engineering
14.1001
16
16
40,428
40,474
6,818
6,794
Fashion/Apparel Design
50.0407
10
10
43,768
33,835
12,524
2,561
Genral Studies
24.0102
11
11
30,670
28,196
7,186
9,523
Graphic Design
50.0409
140
140
41,821
42,142
6,761
6,437
Health and Physical Education/Fitness
31.0599
20
20
34,195
34,195
4,988
4,988
Health Care Administration/Management
51.0701
60
60
32,074
32,071
5,719
5,716
Health Information Technology
51.0707
78
78
35,847
36,781
7,718
7,982
27
Average Program Tuition & Fees by Degree Level & Program
Program
Program Code
Number of Program DAY EVENING
Average Tuition & Fees DAY EVENING
Standard Deviation DAY EVENING
Health Services/Allied Health/ Health Sciences
51.0000
28
28
24,660
24,154
14,893
15,574
Hotel/Motel Administration/Management
52.0904
15
15
32,054
34,061
2,832
1,003
Human Resources Management
52.1001
17
17
31,342
31,342
6,252
6,252
Information Technology
11.0103
93
93
36,022
36,471
6,683
6,437
Interior Design
50.0408
12
12
44,015
33,364
8,991
1,358
Legal Administrative Assistant
22.0301
15
15
29,847
38,442
7,763
6,727
Legal Assistant/Paralegal
22.0302
236
236
40,004
40,536
8,180
7,967
Marketing/Marketing Management
52.1401
44
44
37,222
37,222
2,026
2,026
Massage Therapy
51.3501
35
35
36,744
36,744
3,408
3,408
Medical Administrative Assistant
51.0716
76
76
34,405
35,294
7,514
4,295
Medical Insurance Coding Specialist/Coder
51.0713
54
54
36,222
36,466
5,590
5,400
Medical Insurance Specialist/Medical Biller
51.0714
27
27
29,141
29,145
7,612
7,611
Medical Office Assistant
51.0710
61
61
33,707
34,656
6,422
5,520
Medical/Clinical Assistant
51.0801
220
220
35,622
35,854
6,655
6,613
Nursing
51.1601
50
50
43,176
43,679
12,993
13,451
Nursing/Registered Nurse
51.3801
74
74
50,268
50,067
9,229
10,516
Occupational Therapist Assistant
51.0803
24
24
37,718
38,389
4,148
2,677
Pharmacy Assistant
51.0805
62
62
32,223
32,590
6,680
6,654
Securities Services Administration/Management
43.0112
19
19
44,189
44,189
5,338
5,338
Surgical Technology
51.0909
70
70
35,541
34,657
4,676
3,949
System Administration
11.1001
69
69
33,765
33,938
6,182
6,136
System, Networking, and LAN/WAN Management/Manager
11.1002
114
114
46,201
46,196
190
195
Veterinary/Animal Health Technology
51.0808
46
46
37,867
38,350
8,665
8,894
Web Page and Digital/Multimedia Design
11.0801
46
46
41,603
39,940
11,136
6,997
28 2014 Key Operating Statistics
BACHELOR’S DEGREE
Program
Program Code
Number of Program DAY EVENING
Average Tuition & Fees DAY EVENING
Standard Deviation DAY EVENING
Accounting
52.0301
71
71
69,285
69,285
16,429
16,429
Advertising
09.0903
13
13
78,949
62,728
12,164
3,661
Animation/Interactive Technology/Video Graphics
10.0304
92
92
81,072
79,873
11,644
12,579
Business Administration and Management
52.0201
356
356
72,306
71,775
15,894
16,120
Computer and Electronics Engineering Technology
15.0303
86
86
88,258
88,258
6,556
6,556
Computer and Information Systems Security
11.1003
212
212
86,312
86,468
9,724
8,592
Computer Graphics
11.0803
11
11
65,300
48,239
30,280
27,858
Computer Programming
11.0201
114
114
86,671
87,118
10,161
9,111
Computer Science
11.0701
11
11
58,714
59,162
24,245
28,042
Computer Software and Media Applications
11.0899
14
14
73,681
71,700
8,867
7,034
Construction Management
52.2001
40
40
87,243
87,243
5,234
5,234
Criminal Justice/Law Enforcement
43.0103
224
224
76,979
76,979
13,724
13,724
Design and Visual Communications
50.0401
15
15
77,136
77,136
4,197
4,197
Electrical & Electronic EngTechnologies/Technician
15.0399
83
83
88,559
88,556
4,749
4,749
Electronics and Communications Engineering
14.1001
16
16
89,040
86,216
0
10,937
Fashion Merchandising
52.1902
16
16
76,831
68,079
11,632
6,793
Fashion/Apparel Design
50.0407
18
18
80,451
65,513
17,784
2,688
General Studies
24.0102
14
14
52,672
50,152
12,163
14,769
Graphic Design
50.0409
53
53
76,905
73,720
15,246
15,676
Health Care Administration/Management
51.0701
135
135
66,674
66,289
10,319
10,680
Human Resources Management
52.1001
16
16
71,359
67,098
19,649
21,821
Information Technology
11.0103
125
125
69,676
69,939
13,443
12,983
Interior Design
50.0408
36
36
76,479
72,577
12,867
13,490
Legal Assistant/Paralegal
22.0302
49
49
68,912
68,912
14,218
14,218
Marketing/Marketing Management
52.1401
14
14
63,446
63,446
18,654
18,654
Nursing
51.1601
16
16
57,842
53,455
32,837
31,129
Nursing/Registered Nurse
51.3801
35
35
41,293
39,636
16,023
14,880
Photography
50.0605
12
12
82,913
76,668
9,206
13,549
Project Management
52.0211
133
133
88,989
88,987
1,479
1,479
Securities Services Administration/Management
43.0112
16
16
77,422
77,422
8,900
8,900
System Administration
11.1001
14
14
71,298
71,298
15,268
15,268
Web Page and Digital/Multimedia Design
11.0801
37
37
70,661
60,733
15,814
13,457
Average Program Tuition & Fees by Degree Level & Program
29
MASTER’S DEGREE
Program Business Administration and Management
Program Code 52.0201
Number of Programs DAY EVENING 98
98
Average Tuition & Fees DAY EVENING
Standard Deviation DAY EVENING
25,981
7,211
26,212
8,225
ANNUAL FINANCIAL REPORT DATA
32 2014 Key Operating Statistics
INCOME STATEMENT
Total Educational Revenue < $1,000,000 Mean Average (AVG) Operating Ratio (OR) = % of Total Educational Revenues
All Credential Levels
Non-Degree
Occupational Associateâ&#x20AC;&#x2122;s
N = 51
N = 20
N=6
AVG Gross Tuition
OR
AVG
OR
AVG
OR
661,523
108.70%
605,312
104.38%
908,876
138.71%
3,138
0.52%
1,291
0.22%
0
0.00%
(Less Tuition Refunds)
(37,608)
-6.18%
(10,734)
-1.85%
(190,687)
-29.10%
(Less Textbook Expense)
(18,492)
-3.04%
(15,955)
-2.75%
(62,964)
-9.61%
$608,561
100.00%
$579,914
100.00%
$655,225
100.00%
Instructional Salaries
182,702
30.02%
177,874
30.67%
169,426
25.86%
Instructional Expenses
43,132
7.09%
32,066
5.53%
26,494
4.04%
Student Recruitment
121,082
19.90%
56,735
9.78%
78,371
11.96%
31,315
5.15%
14,876
2.57%
14,813
2.26%
Gross Contract Revenue
TOTAL EDUCATIONAL REVENUES
Depreciation of Equipment Occupancy Expense
173,529
28.51%
118,455
20.43%
100,639
15.36%
Administrative Salaries
123,582
20.31%
127,876
22.05%
152,582
23.29%
35,492
5.83%
25,106
4.33%
27,827
4.25%
150,011
24.65%
109,602
18.90%
139,569
21.30%
20,628
3.39%
5,855
1.01%
15,002
2.29%
TOTAL EDUCATIONAL EXPENSES
$881,473
144.85%
$668,445
115.27%
$724,723
110.61%
EDUCATIONAL INCOME
(272,912)
-44.85%
(88,531)
-15.27%
(69,498)
-10.61%
Officer Salaries Administrative Expense Student Personnel Services
Net Dormitory Income Net Bookstore Operations Net Interest Income Expense Other Income Expense Net Extraordinary & Unusual Income & Expense TOTAL OTHER INCOME AND EXPENSE NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES Provision for Income Taxes NET INCOME/(LOSS)
N = number of income statements in this revenue range
0
0.00%
0
0.00%
0
0.00%
4,780
0.79%
2,399
0.41%
7,111
1.09%
714
0.12%
(507)
-0.09%
(120)
-0.02%
15,849
2.60%
6,799
1.17%
6,795
1.04%
0
0.00%
0
0.00%
0
0.00%
$21,343
3.51%
$8,691
1.50%
$13,786
2.10%
($251,569)
-41.34%
($79,840)
-13.77%
($55,712)
-8.50%
($2,934)
-0.48%
(4,287)
-0.74%
(10,063)
-1.54%
($254,503)
-41.82%
($84,127)
-14.51%
($65,775)
-10.04%
Income Statements
Academic Associate’s
Bachelor’s
Master’s
N = 10
N=4
N = 11
33
AVG
OR
AVG
OR
AVG
OR
793,165
104.43%
621,397
104.98%
523,721
103.91%
0
0.00%
26,941
4.55%
2,405
0.48%
(25,838)
-3.40%
(34,080)
-5.76%
(14,955)
-2.97%
(7,820)
-1.03%
(22,351)
-3.78%
(7,144)
-1.42%
$759,507
100.00%
$591,907
100.00%
$504,027
100.00%
Instructional Salaries
211,846
27.89%
152,243
25.72%
183,303
36.37%
Instructional Expenses
50,880
6.70%
56,753
9.59%
60,331
11.97%
Student Recruitment
185,394
24.41%
261,037
44.10%
152,018
30.16%
66,812
8.80%
16,795
2.84%
43,214
8.57%
216,425
28.50%
242,639
40.99%
249,292
49.46%
Administrative Salaries
98,996
13.03%
60,971
10.30%
145,076
28.78%
Officer Salaries
46,235
6.09%
40,035
6.76%
47,137
9.35%
149,985
19.75%
176,127
29.76%
219,707
43.59%
53,998
7.11%
26,181
4.42%
18,204
3.61%
$1,080,571
142.27%
$1,032,781
174.48%
$1,118,282
221.87%
(321,064)
-42.27%
(440,874)
-74.48%
(614,255)
-121.87%
0
0.00%
0
0.00%
0
0.00%
14,377
1.89%
1,385
0.23%
350
0.07%
1,260
0.17%
329
0.06%
3,031
0.60%
67,378
8.87%
395
0.07%
(3,983)
-0.79%
0
0.00%
0
0.00%
0
0.00%
Gross Tuition Gross Contract Revenue (Less Tuition Refunds) (Less Textbook Expense) TOTAL EDUCATIONAL REVENUES
Depreciation of Equipment Occupancy Expense
Administrative Expense Student Personnel Services TOTAL EDUCATIONAL EXPENSES EDUCATIONAL INCOME Net Dormitory Income Net Bookstore Operations Net Interest Income Expense Other Income Expense Net Extraordinary & Unusual Income & Expense TOTAL OTHER INCOME AND EXPENSE NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES Provision for Income Taxes NET INCOME/(LOSS)
$83,015
10.93%
$2,109
0.36%
($602)
-0.12%
($238,049)
-31.34%
($438,765)
-74.13%
($614,857)
-121.99%
(136)
-0.02%
(342)
-0.06%
(73)
-0.01%
($238,185)
-31.36%
($439,107)
-74.19%
($614,930)
-122.00%
34 2014 Key Operating Statistics
INCOME STATEMENT
Total Educational Revenue $1,000,000 - $ 9,999,999 Mean Average (AVG) Operating Ratio (OR) = % of Total Educational Revenues
ALL CREDENTIAL LEVELS N = 667
NON-DEGREE N = 103
OCCUPATIONAL ASSOCIATEâ&#x20AC;&#x2122;S N = 103
AVG
OR
AVG
OR
AVG
OR
5,350,794
109.71%
4,487,928
105.94%
4,487,624
106.89%
23,306
0.48%
21,295
0.50%
4,527
0.11%
(Less Tuition Refunds)
(368,268)
-7.55%
(113,414)
-2.68%
(201,611)
-4.80%
(Less Textbook Expense)
(128,694)
-2.64%
(159,339)
-3.76%
(92,279)
-2.20%
$4,877,138
100.00%
$4,236,470
100.00%
$4,198,261
100.00%
Instructional Salaries
1,039,714
21.32%
924,481
21.82%
918,915
21.89%
Instructional Expenses
231,026
4.74%
218,758
5.16%
279,515
6.66%
Student Recruitment
1,014,448
20.80%
548,848
12.96%
782,674
18.64%
Depreciation of Equipment
161,696
3.32%
159,142
3.76%
111,521
2.66%
Occupancy Expense
724,768
14.86%
647,563
15.29%
660,405
15.73%
Administrative Salaries
535,909
10.99%
522,173
12.33%
511,021
12.17%
62,067
1.27%
74,116
1.75%
65,600
1.56%
Administrative Expense
912,939
18.72%
1,020,497
24.09%
599,884
14.29%
Student Personnel Services
136,535
2.80%
155,179
3.66%
111,458
2.65%
$4,819,102
98.81%
$4,270,757
100.81%
$4,040,993
96.25%
$58,036
1.19%
($34,287)
-0.81%
$157,268
3.75%
2,292
0.05%
3,129
0.07%
20
0.00%
Net Bookstore Operations
44,870
0.92%
19,490
0.46%
75,390
1.80%
Net Interest Income Expense
(7,470)
-0.15%
(76,056)
-1.80%
12,270
0.29%
(41,934)
-0.86%
41,286
0.97%
(276,730)
-6.59%
(7,635)
-0.16%
(7,366)
-0.17%
(17,074)
-0.41%
TOTAL OTHER INCOME AND EXPENSE
($9,877)
-0.20%
($19,517)
-0.46%
($206,124)
-4.91%
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES
$48,159
0.99%
($53,804)
-1.27%
($48,856)
-1.16%
Gross Tuition Gross Contract Revenue
TOTAL EDUCATIONAL REVENUES
Officer Salaries
TOTAL EDUCATIONAL EXPENSES EDUCATIONAL INCOME Net Dormitory Income
Other Income Expense Net Extraordinary & Unusual Income & Expense
Provision for Income Taxes NET INCOME/(LOSS) N = number of income statements in this revenue range
45,385
0.93%
40,314
0.95%
6,515
0.16%
$93,544
1.92%
($13,490)
-0.32%
($42,341)
-1.01%
35
Income Statements
ACADEMIC ASSOCIATE’S N = 169
BACHELOR’S N = 245
MASTER’S N = 47
AVG
OR
AVG
OR
AVG
4,928,253
107.21%
6,481,402
114.78%
4,759,130
99.88%
6,753
0.15%
17,999
0.32%
156,051
3.28%
(Less Tuition Refunds)
(218,263)
-4.75%
(697,332)
-12.35%
(116,046)
-2.44%
(Less Textbook Expense)
(119,990)
-2.61%
(155,243)
-2.75%
(34,238)
-0.72%
$4,596,753
100.00%
$5,646,826
100.00%
$4,764,897
100.00%
Instructional Salaries
1,031,363
22.44%
1,132,441
20.05%
1,103,635
23.16%
Instructional Expenses
223,551
4.86%
194,850
3.45%
367,108
7.70%
Student Recruitment
900,807
19.60%
1,451,714
25.71%
671,997
14.10%
Depreciation of Equipment
159,484
3.47%
175,911
3.12%
211,100
4.43%
Occupancy Expense
727,918
15.84%
759,044
13.44%
845,018
17.73%
Administrative Salaries
522,277
11.36%
529,700
9.38%
701,932
14.73%
55,468
1.21%
53,765
0.95%
94,924
1.99%
Administrative Expense
829,325
18.04%
1,072,165
18.99%
833,935
17.50%
Student Personnel Services
135,764
2.95%
121,038
2.14%
234,186
4.91%
$4,585,957
99.77%
$5,490,628
97.23%
$5,063,835
106.27%
$10,796
0.23%
$156,198
2.77%
($298,938)
-6.27%
5,429
0.12%
(152)
0.00%
6,901
0.14%
53,881
1.17%
35,221
0.62%
51,502
1.08%
8,447
0.18%
(2,265)
-0.04%
15,208
0.32%
(43,292)
-0.94%
(10,274)
-0.18%
130,087
2.73%
Gross Tuition Gross Contract Revenue
TOTAL EDUCATIONAL REVENUES
Officer Salaries
TOTAL EDUCATIONAL EXPENSES EDUCATIONAL INCOME Net Dormitory Income Net Bookstore Operations Net Interest Income Expense Other Income Expense Net Extraordinary & Unusual Income & Expense
OR
(1,106)
-0.02%
(9,084)
-0.16%
(3,461)
-0.07%
TOTAL OTHER INCOME AND EXPENSE
$23,359
0.51%
$13,446
0.24%
$200,237
4.20%
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES
$34,155
0.74%
$169,644
3.00%
($98,701)
-2.07%
56,917
1.24%
57,594
1.02%
36,714
0.77%
$91,072
1.98%
$227,238
4.02%
($61,987)
-1.30%
Provision for Income Taxes NET INCOME/(LOSS)
36 2014 Key Operating Statistics
INCOME STATEMENT
Total Educational Revenue $10,000,000- $19,999,999 Mean Average (AVG) Operating Ratio (OR) = % of Total Educational Revenues ALL CREDENTIAL LEVELS N = 93 AVG Gross Tuition
OR
NON-DEGREE N=9 AVG
OCCUPATIONAL ASSOCIATEâ&#x20AC;&#x2122;S N=6
OR
AVG
OR
14,058,900
109.89%
12,346,964
104.10%
12,639,912
103.20%
148
0.00%
0
0.00%
0
0.00%
(Less Tuition Refunds)
(997,959)
-7.80%
(255,175)
-2.15%
(212,614)
-1.74%
(Less Textbook Expense)
(267,974)
-2.09%
(231,303)
-1.95%
(179,904)
-1.47%
100.00% $12,247,394
100.00%
Gross Contract Revenue
TOTAL EDUCATIONAL REVENUES
$12,793,115
100.00% $11,860,486
Instructional Salaries
2,388,339
18.67%
2,414,161
20.35%
2,686,326
21.93%
Instructional Expenses
652,120
5.10%
487,416
4.11%
603,987
4.93%
Student Recruitment
2,375,395
18.57%
1,044,471
8.81%
2,251,291
18.38%
361,064
2.82%
489,950
4.13%
323,203
2.64%
Occupancy Expense
1,414,444
11.06%
1,332,151
11.23%
1,461,284
11.93%
Administrative Salaries
1,149,048
8.98%
1,795,645
15.14%
1,026,136
8.38%
132,025
1.03%
452,676
3.82%
33,766
0.28%
2,143,022
16.75%
2,639,062
22.25%
1,289,164
10.53%
260,652
2.04%
310,497
2.62%
269,198
2.20%
85.02% $10,966,029
92.46%
$9,944,355
81.20%
Depreciation of Equipment
Officer Salaries Administrative Expense Student Personnel Services TOTAL EDUCATIONAL EXPENSES EDUCATIONAL INCOME
$10,876,109 $1,917,006
14.98%
$894,457
7.54%
$2,303,039
18.80%
Net Dormitory Income
21,221
0.17%
0
0.00%
0
0.00%
Net Bookstore Operations
79,994
0.63%
1,411
0.01%
161,415
1.32%
Net Interest Income Expense
(53,933)
-0.42%
(483,558)
-4.08%
(4,922)
-0.04%
Other Income Expense
(63,336)
-0.50%
279,540
2.36%
(546,566)
-4.46%
(4,615)
-0.04%
(33,317)
-0.28%
0
0.00%
($20,669)
-0.16%
($235,924)
-1.99%
($390,073)
-3.18%
$1,896,337
14.82%
$658,533
5.55%
$1,912,966
15.62%
(173,885)
-1.36%
73,257
0.62%
85,799
0.70%
$1,722,452
13.46%
$731,790
6.17%
$1,998,765
16.32%
Net Extraordinary & Unusual Income & Expense TOTAL OTHER INCOME AND EXPENSE NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES Provision for Income Taxes NET INCOME/(LOSS) N = number of income statements in this revenue range
37
Income Statements
Academic Associate’s N= 19
Gross Tuition
Bachelor’s N = 48
AVG
OR
AVG
Master’s N = 11 OR
AVG
OR
14,015,187
106.35%
14,464,961
114.61%
14,537,168
104.31%
Gross Contract Revenue
(16,556)
-0.13%
5,471
0.04%
5,974
0.04%
(Less Tuition Refunds)
(563,268)
-4.27%
(1,565,451)
-12.40%
(308,568)
-2.21%
(Less Textbook Expense)
(256,888)
-1.95%
(283,449)
-2.25%
(297,639)
-2.14%
$13,178,475
100.00%
$12,621,532
100.00%
$13,936,935
100.00%
2,637,153
20.01%
2,034,454
16.12%
3,319,131
23.82%
TOTAL EDUCATIONAL REVENUES Instructional Salaries Instructional Expenses
773,029
5.87%
641,404
5.08%
651,046
4.67%
Student Recruitment
2,279,791
17.30%
2,724,259
21.58%
2,174,846
15.60%
345,128
2.62%
305,571
2.42%
545,940
3.92%
Occupancy Expense
1,820,458
13.81%
1,171,102
9.28%
1,816,785
13.04%
Administrative Salaries
1,407,009
10.68%
938,382
7.43%
1,160,756
8.33%
125,466
0.95%
78,973
0.63%
166,100
1.19%
2,494,002
18.92%
2,023,679
16.03%
2,117,443
15.19%
333,612
2.53%
203,245
1.61%
339,690
2.44%
$12,215,648
92.69%
$10,121,069
80.19%
$12,291,737
88.20%
$962,827
7.31%
$2,500,463
19.81%
$1,645,198
11.80%
(334)
0.00%
9,727
0.08%
137,542
0.99%
112,345
0.85%
79,453
0.63%
46,361
0.33%
Depreciation of Equipment
Officer Salaries Administrative Expense Student Personnel Services TOTAL EDUCATIONAL EXPENSES EDUCATIONAL INCOME Net Dormitory Income Net Bookstore Operations Net Interest Income Expense Other Income Expense Net Extraordinary & Unusual Income & Expense TOTAL OTHER INCOME AND EXPENSE NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES Provision for Income Taxes NET INCOME/(LOSS)
(41,260)
-0.31%
(11,034)
-0.09%
61,760
0.44%
(237,400)
-1.80%
(57,539)
-0.46%
195,069
1.40%
0
0.00%
(2,695)
-0.02%
0
0.00%
($166,649)
-1.26%
$17,912
0.14%
$440,732
3.16%
$796,178
6.04%
$2,518,375
19.95%
$2,085,930
14.97%
(24,165)
-0.18%
(402,886)
-3.19%
222,933
1.60%
$772,013
5.86%
$2,115,489
16.76%
$2,308,863
16.57%
38 2014 Key Operating Statistics
INCOME STATEMENT
Total Educational Revenue $20,000,000- $49,999,999 Mean Average (AVG) Operating Ratio (OR) = % of Total Educational Revenues ALL CREDENTIAL LEVELS N = 17 AVG
OCCUPATIONAL ASSOCIATE’S N=2 OR
AVG
26,612,495
110.93%
22,912,146
107.45%
0
0.00%
0
0.00%
-4.54%
(2,507,369)
-10.45%
(813,492)
-3.81%
(213,971)
-0.81%
(115,334)
-0.48%
(774,439)
-3.63%
$26,474,839
100.00%
$23,989,792
100.00%
$21,324,215
100.00%
Instructional Salaries
4,661,551
17.61%
5,427,097
22.62%
5,417,832
25.41%
Instructional Expenses
1,055,067
3.99%
1,061,757
4.43%
1,481,813
6.95%
Student Recruitment
5,882,867
22.22%
7,140,230
29.76%
3,738,209
17.53%
506,800
1.91%
380,425
1.59%
457,070
2.14%
Occupancy Expense
2,940,920
11.11%
7,585,453
31.62%
2,092,632
9.81%
Administrative Salaries
1,902,479
7.19%
1,250,240
5.21%
1,659,600
7.78%
110,128
0.42%
282,899
1.18%
13,823
0.06%
4,653,234
17.58%
13,732,984
57.25%
1,683,913
7.90%
Gross Tuition Gross Contract Revenue (Less Tuition Refunds) (Less Textbook Expense) TOTAL EDUCATIONAL REVENUES
Depreciation of Equipment
Officer Salaries Administrative Expense Student Personnel Services TOTAL EDUCATIONAL EXPENSES EDUCATIONAL INCOME
OR
AVG
27,891,657
105.35%
0
0.00%
(1,202,847)
ACADEMIC ASSOCIATE’S N=2 OR
632,433
2.39%
659,409
2.75%
649,487
3.05%
$22,345,479
84.40%
$37,520,494
156.40%
$17,194,379
80.63%
15.60% ($13,530,702)
-56.40%
$4,129,836
19.37%
$4,129,360
Net Dormitory Income
(8,764)
-0.03%
(472,729)
-1.97%
0
0.00%
Net Bookstore Operations
251,021
0.95%
234,439
0.98%
0
0.00%
29,582
0.11%
243,005
1.01%
(467)
0.00%
(418,933)
-1.58%
(73,816)
-0.31%
15,247
0.07%
0
0.00%
0
0.00%
0
0.00%
TOTAL OTHER INCOME AND EXPENSE
($147,094)
-0.56%
($69,101)
-0.29%
$14,780
0.07%
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES
$3,982,266
15.04% ($13,599,803)
-56.69%
$4,144,616
19.44%
2,655,206
11.07%
52,729
0.25%
13.44% ($10,944,597)
-45.62%
$4,197,345
19.68%
Net Interest Income Expense Other Income Expense Net Extraordinary & Unusual Income & Expense
Provision for Income Taxes NET INCOME/(LOSS) N = number of income statements in this revenue range
(423,059) $3,559,207
-1.60%
Income Statements
BACHELOR’S N=8 AVG Gross Tuition Gross Contract Revenue
MASTER’S N=5 OR
27,439,938
AVG
107.58%
OR
31,117,878
100.13%
0
0.00%
0
0.00%
(1,701,549)
-6.67%
(38,859)
-0.13%
(232,246)
-0.91%
0
0.00%
$25,506,143
100.00%
$31,079,019
100.00%
Instructional Salaries
4,214,504
16.52%
4,768,095
15.34%
Instructional Expenses
827,281
3.24%
1,246,150
4.01%
Student Recruitment
6,923,272
27.14%
4,573,137
14.71%
467,461
1.83%
640,183
2.06%
Occupancy Expense
2,885,102
11.31%
1,511,730
4.86%
Administrative Salaries
1,214,970
4.76%
3,360,540
10.81%
152,435
0.60%
11,852
0.04%
3,320,859
13.02%
4,340,865
13.97%
574,776
2.25%
707,071
2.28%
$20,580,660
80.69%
$21,159,623
68.08%
$4,925,483
19.31%
$9,919,396
31.92%
99,558
0.39%
0
0.00%
371,064
1.45%
165,995
0.53%
10,470
0.04%
(13,189)
-0.04%
(904,509)
-3.55%
46,268
0.15%
0
0.00%
0
0.00%
TOTAL OTHER INCOME AND EXPENSE
($423,417)
-1.66%
$199,074
0.64%
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES
$4,502,066
17.65%
$10,118,470
32.56%
(Less Tuition Refunds) (Less Textbook Expense) TOTAL EDUCATIONAL REVENUES
Depreciation of Equipment
Officer Salaries Administrative Expense Student Personnel Services TOTAL EDUCATIONAL EXPENSES EDUCATIONAL INCOME Net Dormitory Income Net Bookstore Operations Net Interest Income Expense Other Income Expense Net Extraordinary & Unusual Income & Expense
Provision for Income Taxes
(1,413,017)
-5.54%
(260,748)
-0.84%
NET INCOME/(LOSS)
$3,089,049
12.11%
$9,857,722
31.72%
39
40 2014 Key Operating Statistics
INCOME STATEMENT
Total Educational Revenue > $50,000,000 Mean Average (AVG) Operating Ratio (OR) = % of Total Educational Revenues All Credential Levels N=4 AVG
Bachelor’s N=1
Master’s N=3
OR
AVG
142,700,176
103.81%
46,293,540
78.98%
174,835,721
106.78%
Gross Contract Revenue
3,279,590
2.39%
13,118,359
22.38%
0
0.00%
(Less Tuition Refunds)
(7,004,381)
-5.10%
0
0.00%
(9,339,175)
-5.70%
(Less Textbook Expense)
(1,515,582)
-1.10%
(794,344)
-1.36%
(1,755,995)
-1.07%
$137,459,803
100.00%
$58,617,555
100.00%
$163,740,551
100.00%
Instructional Salaries
17,023,280
12.38%
33,344,604
56.89%
11,582,839
7.07%
Instructional Expenses
3,886,106
2.83%
5,243,984
8.95%
3,433,480
2.10%
Student Recruitment
11,204,974
8.15%
628,036
1.07%
14,730,620
9.00%
Gross Tuition
TOTAL EDUCATIONAL REVENUES
Depreciation of Equipment
OR
AVG
OR
937,451
0.68%
1,149,449
1.96%
866,785
0.53%
Occupancy Expense
4,450,482
3.24%
9,002,509
15.36%
2,933,139
1.79%
Administrative Salaries
3,608,409
2.63%
4,170,076
7.11%
3,421,187
2.09%
261,255
0.19%
1,045,018
1.78%
0
0.00%
11,662,963
8.48%
2,312,512
3.95%
14,779,780
9.03%
309,159
0.22%
0
0.00%
412,212
0.25%
TOTAL EDUCATIONAL EXPENSES
$53,344,079
38.81%
$56,896,188
97.06%
$52,160,042
31.86%
EDUCATIONAL INCOME
$84,115,724
61.19%
$1,721,367
2.94%
$111,580,509
68.14%
0
0.00%
0
0.00%
0
0.00%
174,132
0.13%
0
0.00%
232,175
0.14%
(213,683)
-0.16%
(852,755)
-1.45%
(659)
0.00%
(2,285,203)
-1.66%
0
0.00%
(3,046,937)
-1.86%
0
0.00%
0
0.00%
0
0.00%
TOTAL OTHER INCOME AND EXPENSE
($2,324,754)
-1.69%
($852,755)
-1.45%
($2,815,421)
-1.72%
NET INCOME/(LOSS) BEFORE PROVISION FOR INCOME TAXES
$81,790,970
59.50%
$868,612
1.48%
$108,765,088
66.43%
Officer Salaries Administrative Expense Student Personnel Services
Net Dormitory Income Net Bookstore Operations Net Interest Income Expense Other Income Expense Net Extraordinary & Unusual Income & Expense
Provision for Income Taxes NET INCOME/(LOSS) N = number of income statements in this revenue range
(73,217)
-0.05%
0
0.00%
(97,622)
-0.06%
$81,717,753
59.45%
$868,612
1.48%
$108,667,466
66.37%
ANNUAL FINANCIAL REPORT DATA BALANCE SHEET - ASSETS
42 2014 Key Operating Statistics
BALANCE SHEET - ASSETS Total Assets < $1,000,000 Mean Average (in $)
All Credential Levels
Non-Degree
Occupational Associateâ&#x20AC;&#x2122;s
N = 49
N =24
N = 10
Cash on Hand - Unrestricted
88,998
17.15%
109,111
23.39%
109,592
21%
Cash - Restricted
38,086
7.34%
4,363
0.94%
0
0%
167,370
32.26%
157,491
33.77%
138,214
26%
6,573
1.27%
10,855
2.33%
0
0%
14,447
2.78%
10,725
2.30%
4,781
1%
(15,083)
-2.91%
(7,559)
-1.62%
(20,569)
-4%
21,479
4.14%
30,277
6.49%
18,141
3%
700
0.13%
2,432
0.52%
0
0%
Inventory Books and Supplies
7,411
1.43%
5,228
1.12%
15,364
3%
Temporary Investments
6,494
1.25%
15,281
3.28%
0
0%
Current Prepaid Expense
15,642
3.01%
8,142
1.75%
37,260
7%
Other Current Assets
22,199
4.28%
2,323
0.50%
78,767
15%
$374,316
72.14%
$348,669
74.76%
$381,550
72%
18,427
3.55%
50,727
11%
0
0%
(14,834)
-2.86%
(42,158)
-9%
0
0%
281,473
54.25%
236,829
51%
492,316
93%
(241,702)
-46.58%
(201,390)
-43%
(431,604)
-81%
102,517
19.76%
26,612
6%
90,273
17%
(61,391)
-11.83%
(13,102)
-3%
(56,822)
-11%
10,371
2.00%
0
0%
0
0%
(5,677)
-1.09%
0
0%
0
0%
1,465
0.28%
4,222
1%
0
0%
38,409
7.40%
13,247
3%
39,801
8%
(31,519)
-6.07%
(9,623)
-2%
(29,467)
-6%
$97,539
18.80%
$65,364
14%
$104,497
20%
15,350
2.96%
8,433
2%
4,677
1%
Other Prepaid Expenses
743
0.14%
2,276
0%
0
0%
Goodwill
A/R Students A/R - Related Parties A/R Other Allowance for Doubtful Accounts N/R Related Parties N/R Other
TOTAL CURRENT ASSETS Buildings (Accumulated Depreciation) Furniture and Equipment (Accumulated Depreciation) Leasehold Improvements (Amortization) Library (Accumulated Depreciation) Land Other Fixed Assets (Accumulated Depreciation) TOTAL FIXED ASSETS Deposits
125
0.02%
0
0%
613
0%
Revolving Book Account
0
0.00%
0
0%
0
0%
SFA Matching Funds
0
0.00%
0
0%
0
0%
30,799
5.94%
41,656
9%
38,243
7%
$47,017
9.06%
$52,365
11%
$43,533
8%
$518,872
100%
$466,398
100%
$529,580
100%
Other Assets TOTAL OTHER ASSETS TOTAL ASSETS N= number of balance sheets in this range of total assets
Balance Sheets - Assets
Academic Associate’s
Master’s
N=8
N=7
Cash on Hand - Unrestricted
41,237
8.59%
122,304
29%
Cash - Restricted
87,200
18.16%
92,158
22%
A/R Students
164,885
34.33%
42,331
10%
A/R - Related Parties
0
0.00%
18,728
4%
A/R Other
128
0.03%
191
0%
Allowance for Doubtful Accounts
3,500
0.73%
(1,330)
-0%
N/R Related Parties
0
0.00%
0
0%
N/R Other
0
0.00%
0
0%
Inventory Books and Supplies
2,965
0.62%
11,374
3%
Temporary Investments
0
0.00%
0
0%
Current Prepaid Expense
2,556
0.53%
7,320
2%
Other Current Assets
1,696
0.35%
128
0%
TOTAL CURRENT ASSETS
$304,167
63.34%
$293,204
70%
Buildings
0
0.00%
0
0%
0
0.00%
0
0%
168,504
35.09%
139,527
33%
(126,085)
-26.25%
(113,094)
-27%
193,216
40.23%
138,055
33%
(105,297)
-21.93%
(119,651)
-29%
7,789
1.62%
56,718
14%
(4,217)
-0.88%
(28,507)
-7%
Land
0
0.00%
0
0%
Other Fixed Assets
107,526
22.39%
5,752
1%
(86,313)
-17.97%
(473)
-0%
$155,123
32.30%
$78,327
19%
(Accumulated Depreciation) Furniture and Equipment (Accumulated Depreciation) Leasehold Improvements (Amortization) Library (Accumulated Depreciation)
(Accumulated Depreciation) TOTAL FIXED ASSETS
0% Deposits
18,331
3.82%
8,428
2%
Other Prepaid Expenses
0
0.00%
0
0%
Goodwill
0
0.00%
0
0%
Revolving Book Account
0
0.00%
0
0%
SFA Matching Funds
0
0.00%
0
0%
Other Assets
2,625
0.55%
39,318
9%
TOTAL OTHER ASSETS
$20,956
4.36%
$47,746
11%
TOTAL ASSETS
$480,246
100%
$419,277
100%
43
44 2014 Key Operating Statistics
BALANCE SHEET - ASSETS
Total Assets $1,000,000 - $9,999,999 Mean Average (in $) All Credential Levels N = 194
Non-Degree N =31
Occupational Associateâ&#x20AC;&#x2122;s N = 32
Cash on Hand - Unrestricted
836,687
20.04%
244,823
6.82%
1,014,313
30.84%
Cash - Restricted
219,713
5.26%
12,342
0.34%
37,329
1.14%
A/R Students
664,156
15.91%
794,029
22.11%
860,564
26.17%
A/R - Related Parties
64,150
1.54%
172,593
4.81%
8,445
0.26%
A/R Other
28,801
0.69%
8,647
0.24%
16,842
0.51%
(70,927)
-1.70%
(131,037)
-3.65%
(93,251)
-2.84%
N/R Related Parties
55,492
1.33%
199,268
5.55%
0
0.00%
N/R Other
10,786
0.26%
1,585
0.04%
9,949
0.30%
Inventory Books and Supplies
42,314
1.01%
19,364
0.54%
55,690
1.69%
Temporary Investments
64,590
1.55%
231,782
6.45%
4,206
0.13%
Current Prepaid Expense
57,412
1.37%
52,303
1.46%
55,352
1.68%
118,702
2.84%
119,351
3.32%
100,712
3.06%
$2,091,876
50.10%
$1,725,050
48.03%
$2,070,151
62.94%
171,550
4.11%
22,591
0.63%
289,870
8.81%
Allowance for Doubtful Accounts
Other Current Assets TOTAL CURRENT ASSETS Buildings (Accumulated Depreciation) Furniture and Equipment (Accumulated Depreciation) Leasehold Improvements (Amortization) Library (Accumulated Depreciation) Land Other Fixed Assets
(65,324)
-1.56%
(15,121)
-0.42%
(118,802)
-3.61%
1,368,288
32.77%
702,050
19.55%
1,162,628
35.35%
(1,075,466)
-25.76%
(495,836)
-13.80%
(963,501)
-29.30%
1,696,128
40.62%
1,015,190
28.26%
879,537
26.74%
(1,010,196)
-24.19%
(612,318)
-17.05%
(437,647)
-13.31%
53,252
1.28%
4,205
0.12%
51,918
1.58%
(41,749)
-1.00%
(3,612)
-0.10%
(41,101)
-1.25%
35,742
0.86%
1,735
0.05%
9,458
0.29%
134,101
3.21%
45,101
1.26%
173,926
5.29%
(118,386)
-2.84%
(39,285)
-1.09%
(132,012)
-4.01%
$1,147,940
27.49%
$624,700
17.39%
$874,274
26.58%
Deposits
19,456
0.47%
17,137
0.48%
22,741
0.69%
Other Prepaid Expenses
11,511
0.28%
4,736
0.13%
0
0.00%
110,449
2.65%
6,593
0.18%
142,378
4.33%
0
0.00%
0
0.00%
0
0.00%
(Accumulated Depreciation) TOTAL FIXED ASSETS
Goodwill Revolving Book Account SFA Matching Funds Other Assets TOTAL OTHER ASSETS TOTAL ASSETS N= number of balance sheets in this range of total assets
3,310
0.08%
0
0.00%
10,694
0.33%
791,190
18.95%
1,213,582
33.79%
168,599
5.13%
$935,916
22.41%
$1,242,048
34.58%
$344,412
10.47%
$4,175,732
100%
$3,591,798
100%
$3,288,837
100%
Balance Sheets - Assets
Academic Associate’s N = 63
Bachelor’s N = 49
45
Master’s N = 19
Cash on Hand - Unrestricted
828,429
19.35%
1,095,504
20.63%
863,111
25.76%
Cash - Restricted
104,024
2.43%
701,061
13.20%
7,461
0.22%
A/R Students
618,820
14.46%
604,058
11.38%
426,776
12.74%
50,711
1.18%
19,939
0.38%
139,619
4.17%
4,459
0.10%
56,403
1.06%
91,355
2.73%
(79,574)
-1.86%
(17,765)
-0.33%
(43,686)
-1.30%
7,391
0.17%
25,291
0.48%
151,747
4.53%
N/R Other
10,842
0.25%
11,651
0.22%
24,790
0.74%
Inventory Books and Supplies
45,458
1.06%
53,308
1.00%
18,452
0.55%
Temporary Investments
63,958
1.49%
0
0.00%
62,173
1.86%
Current Prepaid Expense
65,658
1.53%
41,322
0.78%
83,373
2.49%
194,864
4.55%
53,156
1.00%
64,440
1.92%
$1,915,040
44.74%
$2,643,928
49.80%
$1,889,611
56.39%
113,664
2.66%
213,689
4.02%
298,574
8.91%
A/R - Related Parties A/R Other Allowance for Doubtful Accounts N/R Related Parties
Other Current Assets TOTAL CURRENT ASSETS Buildings (Accumulated Depreciation) Furniture and Equipment (Accumulated Depreciation) Leasehold Improvements (Amortization) Library (Accumulated Depreciation) Land Other Fixed Assets (Accumulated Depreciation) TOTAL FIXED ASSETS Deposits Other Prepaid Expenses Goodwill Revolving Book Account SFA Matching Funds
(29,984)
-0.70%
(108,596)
-2.05%
(62,749)
-1.87%
1,204,540
28.14%
2,355,098
44.36%
799,700
23.87%
(939,773)
-21.95%
(1,891,329)
-35.62%
(555,616)
-16.58%
1,974,597
46.13%
2,787,085
52.49%
445,579
13.30%
(1,099,083)
-25.68%
(1,816,461)
-34.21%
(249,613)
-7.45%
41,851
0.98%
102,478
1.93%
46,371
1.38%
(35,736)
-0.83%
(74,323)
-1.40%
(40,994)
-1.22%
16,974
0.40%
17,816
0.34%
243,959
7.28%
164,094
3.83%
103,919
1.96%
190,626
5.69%
(148,501)
-3.47%
(105,979)
-2.00%
(156,635)
-4.67%
$1,262,643
29.50%
$1,583,397
29.82%
$959,202
28.63%
13,709
0.32%
7,718
0.15%
67,029
2.00%
146
0.00%
42,392
0.80%
0
0.00%
173,608
4.06%
93,966
1.77%
59,215
1.77%
0
0.00%
0
0.00%
0
0.00%
4,762
0.11%
0
0.00%
0
0.00%
910,756
21.28%
937,949
17.67%
375,630
11.21%
TOTAL OTHER ASSETS
$1,102,981
25.77%
$1,082,025
20.38%
$501,874
14.98%
TOTAL ASSETS
$4,280,664
100%
$5,309,350
100.00%
$3,350,687
100%
Other Assets
46 2014 Key Operating Statistics
BALANCE SHEET - ASSETS
Total Assets $10,000,000 - $19,999,999 Mean Average (in $)
Cash on Hand - Unrestricted
All Credential Levels
Non-Degree
Occupational Associateâ&#x20AC;&#x2122;s
N = 49
N =3
N=5
1,405,752
9.47%
1,983,228
13.54%
715,330
4.49%
393,328
2.65%
85,093
0.58%
0
0.00%
1,907,131
12.85%
12,906,005
88.12%
314,741
1.98%
A/R - Related Parties
31,521
0.21%
0
0.00%
0
0.00%
A/R Other
73,973
0.50%
0
0.00%
1,618
0.01%
(606,172)
-4.08%
(5,991,723)
-40.91%
(106,337)
-0.67%
Cash - Restricted A/R Students
Allowance for Doubtful Accounts N/R Related Parties
178,788
1.20%
363,933
2.48%
0
0.00%
N/R Other
17,253
0.12%
0
0.00%
27,587
0.17%
Inventory Books and Supplies
63,267
0.43%
66,558
0.45%
26,335
0.17%
Temporary Investments
32,160
0.22%
0
0.00%
0
0.00%
Current Prepaid Expense
107,296
0.72%
86,807
0.59%
79,333
0.50%
Other Current Assets
118,008
0.80%
18,919
0.13%
46,072
0.29%
$3,722,305
25.08%
$9,518,820
65.00%
$1,104,679
6.94%
TOTAL CURRENT ASSETS Buildings
891,051
6.00%
0
0.00%
0
0.00%
(127,708)
-0.86%
0
0.00%
0
0.00%
2,115,603
14.26%
1,184,399
8.09%
1,014,051
6.37%
(1,563,226)
-10.53%
(779,866)
-5.32%
(949,481)
-5.96%
2,786,157
18.77%
921,943
6.30%
1,343,926
8.44%
(1,575,662)
-10.62%
(507,507)
-3.47%
(1,223,898)
-7.68%
72,501
0.49%
2,801
0.02%
17,169
0.11%
(48,680)
-0.33%
(1,315)
-0.01%
(15,078)
-0.09%
Land
384,065
2.59%
0
0.00%
0
0.00%
Other Fixed Assets
211,282
1.42%
92,199
0.63%
102,517
0.64%
(114,996)
-0.77%
(197,949)
-1.35%
(97,380)
-0.61%
$3,030,387
20.42%
$714,705
4.88%
$191,826
1.20%
37,991
0.26%
31,802
0.22%
15,000
0.09%
2,191
0.01%
35,793
0.24%
0
0.00%
495,717
3.34%
120,000
0.82%
0
0.00%
Revolving Book Account
4,186
0.03%
0
0.00%
0
0.00%
SFA Matching Funds
1,874
0.01%
0
0.00%
0
0.00%
7,545,222
50.84%
4,224,308
28.84%
14,615,743
91.77%
$8,087,181
54.50%
$4,411,903
30.12%
$14,630,743
91.86%
$14,839,873
100%
$14,645,428
100%
$15,927,248
100%
(Accumulated Depreciation) Furniture and Equipment (Accumulated Depreciation) Leasehold Improvements (Amortization) Library (Accumulated Depreciation)
(Accumulated Depreciation) TOTAL FIXED ASSETS Deposits Other Prepaid Expenses Goodwill
Other Assets TOTAL OTHER ASSETS TOTAL ASSETS N= number of balance sheets in this range of total assets
Balance Sheets - Assets
Cash on Hand - Unrestricted Cash - Restricted A/R Students A/R - Related Parties A/R Other Allowance for Doubtful Accounts N/R Related Parties
Academic Associate’s
Bachelor’s
Master’s
N = 18
N = 18
N=5
47
718,890
4.92%
1,872,551
12.88%
2,541,915
16.09%
0
0.00%
1,043,505
7.18%
46,944
0.30%
310,165
2.12%
1,228,281
8.45%
5,093,138
32.23%
0
0.00%
85,100
0.59%
2,545
0.02%
5,722
0.04%
187,262
1.29%
28,569
0.18%
(70,280)
-0.48%
(303,882)
-2.09%
(892,129)
-5.65%
0
0.00%
426,044
2.93%
0
0.00%
N/R Other
20,607
0.14%
18,697
0.13%
0
0.00%
Inventory Books and Supplies
55,361
0.38%
65,967
0.45%
116,970
0.74%
Temporary Investments
0
0.00%
87,545
0.60%
0
0.00%
Current Prepaid Expense
90,672
0.62%
98,512
0.68%
239,019
1.51%
172,160
1.18%
133,133
0.92%
0
0.00%
$1,303,297
8.92%
$4,942,715
33.99%
$7,176,971
45.42%
0
0.00%
1,863,349
12.82%
2,024,248
12.81%
0
0.00%
(268,039)
-1.84%
(286,593)
-1.81%
1,404,636
9.62%
2,710,308
18.64%
4,194,417
26.55%
(1,140,755)
-7.81%
(1,962,078)
-13.49%
(2,732,013)
-17.29%
3,044,843
20.85%
3,254,611
22.38%
2,729,212
17.27%
(1,823,568)
-12.49%
(1,872,972)
-12.88%
(605,542)
-3.83%
5,986
0.04%
112,116
0.77%
266,488
1.69%
(5,656)
-0.04%
(87,728)
-0.60%
(125,011)
-0.79%
Other Current Assets TOTAL CURRENT ASSETS Buildings (Accumulated Depreciation) Furniture and Equipment (Accumulated Depreciation) Leasehold Improvements (Amortization) Library (Accumulated Depreciation) Land
74
0.00%
802,178
5.52%
875,730
5.54%
88,027
0.60%
339,415
2.33%
373,937
2.37%
(83,566)
-0.57%
(109,755)
-0.75%
(214,862)
-1.36%
$1,490,021
10.20%
$4,781,405
33%
$6,500,011
41.14%
14,841
0.10%
68,471
0%
38,305
0.24%
0
0.00%
0
0%
0
0.00%
434,216
2.97%
576,019
4%
1,149,182
7.27%
Revolving Book Account
0
0.00%
11,394
0%
0
0.00%
SFA Matching Funds
0
0.00%
5,101
0%
0
0.00%
11,361,098
77.80%
4,154,506
29%
936,681
5.93%
TOTAL OTHER ASSETS
$11,810,155
80.87%
$4,815,491
33%
$2,124,168
13.44%
TOTAL ASSETS
$14,603,473
100%
$14,539,611
100%
$15,801,150
100%
Other Fixed Assets (Accumulated Depreciation) TOTAL FIXED ASSETS Deposits Other Prepaid Expenses Goodwill
Other Assets
48 2014 Key Operating Statistics
BALANCE SHEET - ASSETS
Total Assets $20,000,000 - $49,999,999 Mean Average (in $)
Cash on Hand - Unrestricted
All Credential Levels
Non-Degree
Occupational Associateâ&#x20AC;&#x2122;s
N = 50
N =3
N=7
1,850,195
5.78%
1,876,869
6.58%
824,867
2.87%
490,013
1.53%
186,866
0.66%
0
0.00%
2,577,366
8.05%
9,504,398
33.33%
506,698
1.76%
974,912
3.05%
64,289
0.23%
3,398,202
11.81%
23,699
0.07%
916
0.00%
10,898
0.04%
(558,565)
-1.74%
(1,391,847)
-4.88%
(56,331)
-0.20%
N/R Related Parties
39,777
0.12%
0
0.00%
0
0.00%
N/R Other
51,238
0.16%
58,716
0.21%
9,363
0.03%
Inventory Books and Supplies
121,907
0.38%
201,662
0.71%
72,360
0.25%
Temporary Investments
363,183
1.13%
0
0.00%
460,035
1.60%
Current Prepaid Expense
191,415
0.60%
177,909
0.62%
91,436
0.32%
Other Current Assets
116,437
0.36%
706,533
2.48%
55,237
0.19%
$6,241,577
19.50%
$11,386,311
39.93%
$5,372,765
18.68%
1,691,853
5.28%
1,678,494
5.89%
538,021
1.87%
(266,228)
-0.83%
(89,054)
-0.31%
(128,571)
-0.45%
3,401,572
10.63%
2,693,476
9.45%
1,594,270
5.54%
(2,584,950)
-8.07%
(910,812)
-3.19%
(1,372,385)
-4.77%
3,678,164
11.49%
5,018,387
17.60%
4,698,421
16.33%
(2,053,385)
-6.41%
(3,135,945)
-11.00%
(2,260,162)
-7.86%
69,243
0.22%
2,422
0.01%
42,089
0.15%
24,538
0.08%
(2,411)
-0.01%
(30,073)
-0.10%
Land
624,480
1.95%
424,223
1.49%
90,957
0.32%
Other Fixed Assets
312,289
0.98%
5,000
0.02%
128,303
0.45%
(243,902)
-0.76%
0
0.00%
(92,538)
-0.32%
$4,653,674
14.54%
$5,683,780
19.93%
$3,208,332
11.15%
49,092
0.15%
84,990
0.30%
11,790
0.04%
1,814
0.01%
1,250
0.00%
0
0.00%
1,352,181
4.22%
4,722,818
16.56%
0
0.00%
23,295
0.07%
0
0.00%
0
0.00%
3,853
0.01%
0
0.00%
0
0.00%
19,687,695
61.50%
6,635,814
23.27%
20,175,850
70.13%
TOTAL OTHER ASSETS
$21,117,930
65.97%
$11,444,872
40.14%
$20,187,640
70.17%
TOTAL ASSETS
$32,013,181
100%
$28,514,963
100%
$28,768,737
100%
Cash - Restricted A/R Students A/R - Related Parties A/R Other Allowance for Doubtful Accounts
TOTAL CURRENT ASSETS Buildings (Accumulated Depreciation) Furniture and Equipment (Accumulated Depreciation) Leasehold Improvements (Amortization) Library (Accumulated Depreciation)
(Accumulated Depreciation) TOTAL FIXED ASSETS Deposits Other Prepaid Expenses Goodwill Revolving Book Account SFA Matching Funds Other Assets
N= number of balance sheets in this range of total assets
Balance Sheets - Assets
Cash on Hand - Unrestricted
Academic Associate’s
Bachelor’s
Master’s
N = 23
N = 10
N=7
49
1,063,067
3.54%
3,712,530
10.20%
2,789,889
7.53%
Cash - Restricted
532,195
1.77%
1,169,956
3.22%
0
0.00%
A/R Students
702,135
2.34%
4,381,343
12.04%
5,263,670
14.22%
A/R - Related Parties
247,765
0.83%
1,195,990
3.29%
1,015,261
2.74%
23,679
0.08%
39,847
0.11%
23,264
0.06%
(175,436)
-0.58%
(1,247,878)
-3.43%
(977,795)
-2.64%
A/R Other Allowance for Doubtful Accounts N/R Related Parties
0
0.00%
198,887
0.55%
0
0.00%
N/R Other
28,335
0.09%
166,848
0.46%
0
0.00%
Inventory Books and Supplies
30,572
0.10%
332,582
0.91%
136,410
0.37%
Temporary Investments
8,335
0.03%
1,317,581
3.62%
224,481
0.61%
Current Prepaid Expense
93,423
0.31%
428,733
1.18%
280,127
0.76%
Other Current Assets
17,975
0.06%
272,290
0.75%
25,612
0.07%
$2,572,045
8.57%
$11,968,709
32.89%
$8,780,919
23.72%
TOTAL CURRENT ASSETS Buildings
574,331
1.91%
3,149,462
8.66%
4,440,968
11.99%
(82,384)
-0.27%
(346,172)
-0.95%
(969,668)
-2.62%
1,827,110
6.08%
7,465,615
20.52%
4,879,802
13.18%
(1,554,599)
-5.18%
(5,426,781)
-14.91%
(3,840,686)
-10.37%
2,211,392
7.36%
5,551,330
15.26%
4,226,965
11.42%
(1,557,670)
-5.19%
(2,761,205)
-7.59%
(2,000,258)
-5.40%
25,424
0.08%
82,670
0.23%
249,832
0.67%
(22,839)
-0.08%
272,335
0.75%
(107,628)
-0.29%
Land
127,295
0.42%
272,765
0.75%
3,379,885
9.13%
Other Fixed Assets
243,043
0.81%
750,678
2.06%
229,223
0.62%
(157,726)
-0.53%
(646,644)
-1.78%
(207,602)
-0.56%
$1,633,377
5.44%
$8,364,053
22.99%
$10,280,833
27.77%
16,904
0.06%
119,368
0.33%
76,380
0.21%
0
0.00%
8,693
0.02%
0
0.00%
710,467
2.37%
3,015,348
8.29%
992,340
2.68%
Revolving Book Account
0
0.00%
0
0.00%
166,392
0.45%
SFA Matching Funds
0
0.00%
3,278
0.01%
22,838
0.06%
25,095,919
83.57%
12,909,443
35.48%
16,706,527
45.12%
TOTAL OTHER ASSETS
$25,823,290
86.00%
$16,056,130
44.12%
$17,964,477
48.52%
TOTAL ASSETS
$30,028,712
100%
$36,388,892
100%
$37,026,229
100%
(Accumulated Depreciation) Furniture and Equipment (Accumulated Depreciation) Leasehold Improvements (Amortization) Library (Accumulated Depreciation)
(Accumulated Depreciation) TOTAL FIXED ASSETS Deposits Other Prepaid Expenses Goodwill
Other Assets
50 2014 Key Operating Statistics
BALANCE SHEET - ASSETS
Total Assets $50,000,000 - $99,999,999 Mean Average (in $)
Cash on Hand - Unrestricted Cash - Restricted A/R Students A/R - Related Parties A/R Other Allowance for Doubtful Accounts N/R Related Parties
All Credential Levels
Non-Degree
Occupational Associateâ&#x20AC;&#x2122;s
N = 14
N =1
N=1
1,867,841
2.85%
2,107,793
4.20%
12,828
0.02%
0
0.00%
0
0.00%
0
0.00%
7,572,571
11.56%
806,877
1.61%
123,440
0.23%
0
0.00%
0
0.00%
0
0.00%
960,880
1.47%
2,582
0.01%
1,621
0.00%
(1,593,147)
-2.43%
(222,283)
-0.44%
(101,590)
-0.19%
0
0.00%
0
0.00%
0
0.00%
N/R Other
235,103
0.36%
31,972
0.06%
1,326
0.00%
Inventory Books and Supplies
146,464
0.22%
98,802
0.20%
125,595
0.24%
Temporary Investments
0
0.00%
0
0.00%
0
0.00%
Current Prepaid Expense
519,299
0.79%
143,190
0.29%
202,524
0.38%
1,817,890
2.78%
0
0.00%
22,185,385
41.66%
$11,526,901
17.60%
$2,968,933
5.91%
$22,551,129
42.35%
5,170,497
7.90%
0
0.00%
0
0.00%
(703,752)
-1.07%
0
0.00%
0
0.00%
6,761,601
10.33%
1,268,392
2.52%
4,027,323
7.56%
(5,107,637)
-7.80%
(1,155,109)
-2.30%
(3,457,771)
-6.49%
5,113,968
7.81%
155,985
0.31%
7,417,230
13.93%
(3,654,452)
-5.58%
(155,985)
-0.31%
(4,916,707)
-9.23%
14,985
0.02%
9,835
0.02%
21,583
0.04%
(12,255)
-0.02%
(9,835)
-0.02%
(16,357)
-0.03%
Other Current Assets TOTAL CURRENT ASSETS Buildings (Accumulated Depreciation) Furniture and Equipment (Accumulated Depreciation) Leasehold Improvements (Amortization) Library (Accumulated Depreciation) Land
0
0.00%
0
0.00%
0
0.00%
144,693
0.22%
84,520
0.17%
14,319
0.03%
(113,249)
-0.17%
(84,493)
-0.17%
0
0.00%
$7,614,399
11.63%
$113,310
0.23%
$3,089,620
5.80%
93,652
0.14%
42,957
0.09%
221,588
0.42%
594,381
0.91%
0
0.00%
0
0.00%
5,577,158
8.52%
0
0.00%
27,290,450
51.25%
Revolving Book Account
0
0.00%
0
0.00%
0
0.00%
SFA Matching Funds
0
0.00%
0
0.00%
0
0.00%
40,073,544
61.20%
47,114,679
93.78%
95,005
0.18%
TOTAL OTHER ASSETS
$46,338,735
70.77%
$47,157,636
93.86%
$27,607,043
51.85%
TOTAL ASSETS
$65,480,035
100%
$50,239,879
100%
$53,247,792
100%
Other Fixed Assets (Accumulated Depreciation) TOTAL FIXED ASSETS Deposits Other Prepaid Expenses Goodwill
Other Assets
N= number of balance sheets in this range of total assets
Balance Sheets - Assets
Cash on Hand - Unrestricted Cash - Restricted A/R Students A/R - Related Parties A/R Other Allowance for Doubtful Accounts N/R Related Parties
Academic Associate’s
Bachelor’s
Master’s
N=4
N=4
N=4
1,794,549
2.56%
4,210,586
6.05%
2,154
0.00%
0
0.00%
0
0.00%
0
0.00%
18,957,415
27.01%
7,001,980
10.06%
312,023
0.49%
0
0.00%
0
0.00%
0
0.00%
159,376
0.23%
3,202,136
4.60%
517
0.00%
(3,404,997)
-4.85%
(1,970,455)
-2.83%
(119,593)
-0.19%
0
0.00%
0
0.00%
0
0.00%
N/R Other
273,864
0.39%
540,671
0.78%
0
0.00%
Inventory Books and Supplies
310,479
0.44%
125,146
0.18%
20,898
0.03%
Temporary Investments
0
0.00%
0
0.00%
0
0.00%
Current Prepaid Expense
110,919
0.16%
1,541,595
2.22%
78,603
0.12%
Other Current Assets
459,524
0.65%
0
0%
356,744
0.56%
$18,661,129
26.58%
$14,651,659
21.06%
$651,346
1.03%
TOTAL CURRENT ASSETS Buildings (Accumulated Depreciation) Furniture and Equipment (Accumulated Depreciation) Leasehold Improvements (Amortization) Library (Accumulated Depreciation) Land
1,699,267
2.42%
16,396,618
23.56%
854
0.00%
(139,614)
-0.20%
(2,323,348)
-3.34%
(171)
0.00%
5,492,483
7.82%
14,885,382
21.39%
1,963,809
3.09%
(4,427,487)
-6.31%
(10,714,303)
-15.40%
(1,581,719)
-2.49%
5,010,487
7.14%
8,834,810
12.70%
2,160,288
3.40%
(3,804,099)
-5.42%
(6,819,240)
-9.80%
(899,069)
-1.42%
18,024
0.03%
0
0.00%
26,568
0.04%
(17,350)
-0.02%
0
0.00%
(18,996)
-0.03%
0
0.00%
0
0.00%
0
0.00%
146,496
0.21%
64,367
0.09%
270,855
0.43%
(133,980)
-0.19%
(37,665)
-0.05%
(203,601)
-0.32%
$3,844,227
5.48%
$20,286,621
29.15%
$1,718,818
2.71%
Deposits
0
0.00%
251,279
0.36%
10,368
0.02%
Other Prepaid Expenses
0
0.00%
2,080,332
2.99%
0
0.00%
1,017,561
1.45%
11,679,880
16.78%
0
0.00%
Revolving Book Account
0
0.00%
0
0.00%
0
0.00%
SFA Matching Funds
0
0.00%
0
0.00%
0
0.00%
46,671,308
66.49%
20,637,075
29.66%
61,146,607
96.25%
TOTAL OTHER ASSETS
$47,688,869
67.94%
$34,648,566
49.79%
$61,156,975
96%
TOTAL ASSETS
$70,194,225
100%
$69,586,846
100%
$63,527,139
100%
Other Fixed Assets (Accumulated Depreciation) TOTAL FIXED ASSETS
Goodwill
Other Assets
51
52 2014 Key Operating Statistics
BALANCE SHEET - ASSETS
Total Assets $100,000,000 - $699,999,999 Mean Average (in $) All Credential Levels
Non-Degree
Occupational Associateâ&#x20AC;&#x2122;s
N = 10
N =2
N=2
Cash on Hand - Unrestricted
4,653,859
1.99%
7,374,912
2.70%
8,901,431
4.61%
Cash - Restricted
6,548,695
2.80%
27,250,000
9.98%
458,309
0.24%
15,593,355
6.66%
47,810,439
17.51%
5,007,340
2.59%
A/R - Related Parties
309,473
0.13%
0
0.00%
0
0.00%
A/R Other
152,206
0.07%
416,279
0.15%
251,875
0.13%
(2,749,167)
-1.17%
(6,893,500)
-2.52%
(1,979,995)
-1.03%
1,657,431
0.71%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
903,474
0.39%
1,442,389
0.53%
221,223
0.11%
Temporary Investments
0
0.00%
0
0.00%
0
0.00%
Current Prepaid Expense
2,663,222
1.14%
5,644,282
2.07%
2,928,953
1.52%
Other Current Assets
5,758,384
2.46%
5,569,888
2.04%
7,347,713
3.81%
$35,490,932
15.16%
$88,614,689
32.45%
$23,136,849
11.99%
A/R Students
Allowance for Doubtful Accounts N/R Related Parties N/R Other Inventory Books and Supplies
TOTAL CURRENT ASSETS Buildings
16,346,598
6.98%
49,124,000
17.99%
0
0.00%
(4,431,602)
-1.89%
(16,612,000)
-6.08%
0
0.00%
29,370,523
12.54%
45,142,568
16.53%
24,891,093
12.90%
(18,119,187)
-7.74%
(32,437,632)
-11.88%
(18,683,996)
-9.68%
19,601,717
8.37%
49,328,534
18.06%
27,432,566
14.21%
(9,780,380)
-4.18%
(31,982,405)
-11.71%
(13,872,365)
-7.19%
22,796
0.01%
0
0.00%
104,446
0.05%
(6,977)
0.00%
0
0.00%
(25,412)
-0.01%
3,393,926
1.45%
8,781,500
3.22%
0
0.00%
849,915
0.36%
3,071,427
1.12%
14,238
0.01%
(3,851,115)
-1.64%
(2,109,003)
-0.77%
(13,216)
-0.01%
$33,396,214
14.26%
$72,306,989
26.48%
$19,847,354
10.28%
Deposits
297,953
0.13%
0
0.00%
745,158
0.39%
Other Prepaid Expenses
143,150
0.06%
0
0.00%
1,841
0.00%
45,115,115
19.27%
67,711,378
24.80%
61,940,306
32.10%
Revolving Book Account
0
0.00%
0
0.00%
0
0.00%
SFA Matching Funds
0
0.00%
0
0.00%
0
0.00%
119,711,013
51.12%
44,428,678
16.27%
87,314,358
45.24%
TOTAL OTHER ASSETS
$165,267,231
70.58%
$112,140,056
41.07% $150,001,663
77.73%
TOTAL ASSETS
$234,154,377
100%
$273,061,734
100% $192,985,866
100%
(Accumulated Depreciation) Furniture and Equipment (Accumulated Depreciation) Leasehold Improvements (Amortization) Library (Accumulated Depreciation) Land Other Fixed Assets (Accumulated Depreciation) TOTAL FIXED ASSETS
Goodwill
Other Assets
N= number of balance sheets in this range of total assets
Balance Sheets - Assets
Academic Associate’s
Master’s
N=3
N=3
Cash on Hand - Unrestricted
2,676,494
1.71%
1,985,475
0.63%
Cash - Restricted
3,333,333
2.13%
23,444
0.01%
13,187,096
8.43%
3,578,901
1.14%
0
0.00%
1,031,576
0.33%
42,527
0.03%
19,390
0.01%
(1,653,959)
-1.06%
(1,594,269)
-0.51%
N/R Related Parties
0
0.00%
5,524,770
1.76%
N/R Other
0
0.00%
0
0.00%
1,822,655
1.17%
79,853
0.03%
Temporary Investments
0
0.00%
0
0.00%
Current Prepaid Expense
2,657,686
1.70%
504,230
0.16%
10,567,392
6.76%
15,486
0.00%
$32,633,224
20.86%
$11,168,856
3.56%
1,878,011
1.20%
19,861,315
6.34%
0
0.00%
(3,697,341)
-1.18%
46,572,730
29.77%
4,639,905
1.48%
(22,902,808)
-14.64%
(3,413,396)
-1.09%
12,027,833
7.69%
2,137,157
0.68%
(166,947)
-0.11%
(1,864,472)
-0.59%
0
0.00%
6,356
0.00%
0
0.00%
(6,314)
0.00%
A/R Students A/R - Related Parties A/R Other Allowance for Doubtful Accounts
Inventory Books and Supplies
Other Current Assets TOTAL CURRENT ASSETS Buildings (Accumulated Depreciation) Furniture and Equipment (Accumulated Depreciation) Leasehold Improvements (Amortization) Library (Accumulated Depreciation) Land
0
0.00%
5,458,754
1.74%
612,922
0.39%
163,019
0.05%
(11,277,467)
-7.21%
(144,768)
-0.05%
$26,744,274
17.10%
$23,140,215
7.38%
Deposits
448,982
0.29%
47,424
0.02%
Other Prepaid Expenses
475,941
0.30%
0
0.00%
63,949,262
40.88%
0
0.00%
Revolving Book Account
0
0.00%
0
0.00%
SFA Matching Funds
0
0.00%
0
0.00%
32,169,658
20.57%
279,038,352
89.04%
$97,043,843
62.04%
$279,085,776
89.05%
$156,421,341
100%
$313,394,847
100%
Other Fixed Assets (Accumulated Depreciation) TOTAL FIXED ASSETS
Goodwill
Other Assets TOTAL OTHER ASSETS TOTAL ASSETS
53
54 2014 Key Operating Statistics
BALANCE SHEET - ASSETS
Total Assets > $700,000,000 Mean Average (in $) All Credential Levels N=3 Cash on Hand - Unrestricted
Bachelor’s
Master’s
N=1
N=2
384,127,116
14.25%
936,370,000
15.99%
108,005,674
9.68%
1,878,667
0.07%
0
0.00%
2,818,000
0.25%
44,270,717
1.64%
0
0.00%
66,406,076
5.95%
0
0.00%
0
0.00%
0
0.00%
A/R Other
148,620,667
5.51%
445,862,000
7.62%
0
0.00%
Allowance for Doubtful Accounts
(4,221,518)
-0.16%
0
0.00%
(6,332,278)
-0.57%
N/R Related Parties
0
0.00%
0
0.00%
0
0.00%
N/R Other
0
0.00%
0
0.00%
0
0.00%
Inventory Books and Supplies
19,477,667
0.72%
58,433,000
1.00%
0
0.00%
Temporary Investments
76,844,000
2.85%
230,532,000
3.94%
0
0.00%
Current Prepaid Expense
22,066,041
0.82%
37,678,000
0.64%
14,260,061
1.28%
Other Current Assets
28,626,090
1.06%
0
0.00%
42,939,135
3.85%
$721,689,447
26.78%
$1,708,875,000
29.19%
$228,096,668
20.45%
Cash - Restricted A/R Students A/R - Related Parties
TOTAL CURRENT ASSETS Buildings
429,934,000
15.95%
1,172,579,000
20.03%
58,611,500
5.25%
(10,599,667)
-0.39%
0
0.00%
(15,899,500)
-1.43%
736,398,566
27.32%
2,045,275,000
34.94%
81,960,349
7.35%
(672,483,316)
-24.95%
(1,882,200,000)
-32.15%
(67,624,975)
-6.06%
24,218,829
0.90%
51,063,000
0.87%
10,796,743
0.97%
(5,160,086)
-0.19%
0
0.00%
(7,740,129)
-0.69%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
Land
59,297,000
2.20%
138,629,000
2.37%
19,631,000
1.76%
Other Fixed Assets
64,486,359
2.39%
166,200,000
2.84%
13,629,539
1.22%
(5,954,459)
-0.22%
0
0.00%
(8,931,689)
-0.80%
$620,137,226
23.01%
$1,691,546,000
28.89%
$84,432,838
7.57%
30,500
0.00%
0
0.00%
45,750
0.00%
Other Prepaid Expenses
0
0.00%
0
0.00%
0
0.00%
Goodwill
0
0.00%
0
0.00%
0
0.00%
Revolving Book Account
0
0.00%
0
0.00%
0
0.00%
SFA Matching Funds
0
0.00%
0
0.00%
0
0.00%
1,353,205,615
50.21%
2,454,058,000
41.92%
802,779,427
71.98%
TOTAL OTHER ASSETS
$1,353,236,115
50.21%
$2,454,058,000
41.92%
$802,825,177
71.98%
TOTAL ASSETS
$2,695,062,788
100%
$5,854,479,000
100%
$1,115,354,683
100%
(Accumulated Depreciation) Furniture and Equipment (Accumulated Depreciation) Leasehold Improvements (Amortization) Library (Accumulated Depreciation)
(Accumulated Depreciation) TOTAL FIXED ASSETS Deposits
Other Assets
N= number of balance sheets in this range of total assets
ANNUAL FINANCIAL REPORT DATA BALANCE SHEET - LIABILITIES & EQUITY
56 2014 Key Operating Statistics
BALANCE SHEET - LIABILITIES AND EQUITY Total Liabilities & Equity < $1,000,000 Mean Average (in $)
Accounts Payable Trade
All Credential Levels
Non-Degree
Occupational Associateâ&#x20AC;&#x2122;s
N = 49
N =24
N = 10
52,416
10.10%
45,210
8.13%
39,943
7.54%
Notes Payable Equipment
2,917
0.56%
5,956
1.07%
0
0.00%
Notes Payable Other
9,474
1.83%
3,387
0.61%
27,556
5.20%
Tuition Refunds Payable
1,611
0.31%
1,853
0.33%
0
0.00%
Current Portion of Long Term Debt
20,254
3.90%
11,253
2.02%
2,023
0.38%
Payroll Taxes Payable
18,776
3.62%
25,178
4.53%
2,811
0.53%
Accrued Salaries and Wages Unearned Tuition Unearned Dormitory Fees Other Current Liabilities TOTAL CURRENT LIABILITIES Notes or Bonds Payable Mortgage Payable Other Long-Term Liabilities
14,950
2.88%
10,373
1.86%
24,519
4.63%
135,305
26.08%
150,968
27.14%
101,502
19.17%
315
0.06%
0
0.00%
0
0.00%
93,926
18.10%
53,126
9.55%
58,855
11.11%
$349,944
67.44%
$307,304
55.24%
$257,209
48.57%
90,880
17.51%
15,996
2.88%
7,000
1.32%
3,610
0.70%
7,369
1.32%
0
0.00%
31,026
5.98%
40,033
7.20%
120
0.02%
TOTAL LONG-TERM LIABILITIES
$125,516
24.19%
$63,398
11.40%
$7,120
1.34%
TOTAL LIABILITIES
$475,460
91.63%
$370,702
66.63%
$264,329
49.91%
Preferred Stock
(8,069)
-1.56%
(16,474)
-2.96%
0
0.00%
Common Stock
23,112
4.45%
14,937
2.68%
74,170
14.01%
157,810
30.41%
216,741
38.96%
(73,797)
-13.94%
Other Equity Retained Earnings Beginning Balance
0.00% 91,535
17.64%
98,256
17.66%
218,904
41.34%
(174,818)
-33.69%
(69,822)
-12.55%
167,726
31.67%
(Dividends)
(10,854)
-2.09%
(4,494)
-0.81%
(20,742)
-3.92%
Other R/E Changes
(35,304)
-6.80%
(53,511)
-9.62%
(101,010)
-19.07%
(129,441)
-24.95%
(29,571)
-5.32%
264,878
50.02%
TOTAL STOCKHOLDERS EQUITY
$43,412
8.37%
$185,633
33.37%
$265,251
50.09%
TOTAL LIABILITIES AND EQUITY
$518,872
100%
$556,335
100%
$529,580
100%
Earnings or Loss for Year
Ending Balance
N= number of balance sheets in this range of total liabilities and equity
Balance Sheets - Liabilities and Equity
Accounts Payable Trade
Academic Associate’s
Master’s
N=8
N=7
87,736
18.27%
54,574
13.02%
0
0.00%
0
0.00%
13,420
2.79%
0
0.00%
4,308
0.90%
0
0.00%
Current Portion of Long Term Debt
60,578
12.61%
31,078
7.41%
Payroll Taxes Payable
32,734
6.82%
3,680
0.88%
Notes Payable Equipment Notes Payable Other Tuition Refunds Payable
Accrued Salaries and Wages
19,243
4.01%
12,067
2.88%
131,268
27.33%
134,511
32.08%
Unearned Dormitory Fees
1,929
0.40%
0
0.00%
Other Current Liabilities
43,440
9.05%
341,608
81.48%
$394,656
82.18%
$577,518
137.74%
499,900
104.09%
0
0.00%
0
0.00%
0
0.00%
Unearned Tuition
TOTAL CURRENT LIABILITIES Notes or Bonds Payable Mortgage Payable Other Long-Term Liabilities
63,082
13.14%
7,664
1.83%
TOTAL LONG-TERM LIABILITIES
$562,982
117.23%
$7,664
1.83%
TOTAL LIABILITIES
$957,638
199.41%
$585,182
139.57%
Preferred Stock
0
0.00%
0
0.00%
Common Stock
3,789
0.79%
286
0.07%
97,666
20.34%
355,364
84.76%
Other Equity Retained Earnings Beginning Balance
0.00% 26,772
5.57%
(39,446)
-9.41%
(515,117)
-107.26%
(635,237)
-151.51%
(Dividends)
(27,076)
-5.64%
0
0.00%
Other R/E Changes
(63,426)
-13.21%
153,128
36.52%
(578,847)
-120.53%
(521,555)
-124.39%
TOTAL STOCKHOLDERS EQUITY
($477,392)
-99.41%
($165,905)
-39.57%
TOTAL LIABILITIES AND EQUITY
$480,246
100%
$419,277
100%
Earnings or Loss for Year
Ending Balance
57
58 2014 Key Operating Statistics
BALANCE SHEET - LIABILITIES AND EQUITY Total Liabilities & Equity $1,000,000 - $9,999,999 Mean Average (in $)
Accounts Payable Trade
All Credential Levels
Non-Degree
Occupational Associateâ&#x20AC;&#x2122;s
N = 194
N =31
N = 32
126,244
3.02%
136,992
3.81%
154,028
4.68%
Notes Payable Equipment
2,987
0.07%
6,060
0.17%
6,894
0.21%
Notes Payable Other
8,097
0.19%
24,180
0.67%
16,558
0.50%
Tuition Refunds Payable
11,766
0.28%
2,700
0.08%
15,991
0.49%
Current Portion of Long Term Debt
19,774
0.47%
14,361
0.40%
42,850
1.30%
8,004
0.19%
1,347
0.04%
3,409
0.10%
Payroll Taxes Payable Accrued Salaries and Wages
51,166
1.23%
43,467
1.21%
60,024
1.83%
595,971
14.27%
727,325
20.25%
735,564
22.37%
1,344
0.03%
0
0.00%
157
0.00%
184,206
4.41%
134,347
3.74%
278,863
8.48%
$1,009,559
24.18%
$1,090,779
30.37%
$1,314,338
39.96%
Notes or Bonds Payable
69,616
1.67%
23,516
0.65%
106,586
3.24%
Mortgage Payable
59,191
1.42%
274
0.01%
61,577
1.87%
Unearned Tuition Unearned Dormitory Fees Other Current Liabilities TOTAL CURRENT LIABILITIES
Other Long-Term Liabilities
815,968
19.54%
832,819
23.19%
118,035
3.59%
$944,775
22.63%
$856,609
23.85%
$286,198
8.70%
$1,954,334
46.80%
$1,947,388
54.22%
$1,600,536
48.67%
Preferred Stock
2,260
0.05%
0
0.00%
993
0.03%
Common Stock
23,896
0.57%
13,389
0.37%
16,789
0.51%
970,830
23.25%
1,861,752
51.83%
1,228,774
37.36%
Beginning Balance
1,712,189
41.00%
164,535
4.58%
658,384
20.02%
Earnings or Loss for Year
(293,035)
-7.02%
(222,762)
-6.20%
4,651
0.14%
(85,435)
-2.05%
(13,516)
-0.38%
(71,975)
-2.19%
Other R/E Changes
(109,307)
-2.62%
(158,988)
-4.43%
(149,315)
-4.54%
Ending Balance
1,224,412
29.32%
(230,731)
-6.42%
441,745
13.43%
TOTAL STOCKHOLDERS EQUITY
$2,221,398
53.20%
$1,644,410
45.78%
$1,688,301
51.33%
TOTAL LIABILITIES AND EQUITY
$4,175,732
100%
$3,591,798
100%
$3,288,837
100%
TOTAL LONG-TERM LIABILITIES TOTAL LIABILITIES
Other Equity Retained Earnings
(Dividends)
N= number of balance sheets in this range of total liabilities and equity
Balance Sheets - Liabilities and Equity
Accounts Payable Trade
Academic Associate’s
Bachelor’s
Master’s
N = 63
N = 49
N = 19
59
121,260
2.83%
80,266
1.51%
197,010
5.88%
2,714
0.06%
0
0.00%
0
0.00%
833
0.02%
0
0.00%
12,575
0.38%
Tuition Refunds Payable
12,899
0.30%
16,607
0.31%
3,200
0.10%
Current Portion of Long Term Debt
20,982
0.49%
3,275
0.06%
28,288
0.84%
Payroll Taxes Payable
15,403
0.36%
6,640
0.13%
5,583
0.17%
Notes Payable Equipment Notes Payable Other
Accrued Salaries and Wages
39,675
0.93%
52,676
0.99%
83,017
2.48%
580,992
13.57%
491,577
9.26%
465,442
13.89%
3,841
0.09%
268
0.01%
29
0.00%
219,631
5.13%
157,865
2.97%
56,603
1.69%
$1,018,230
23.79%
$809,174
15.24%
$851,747
25.42%
Notes or Bonds Payable
91,359
2.13%
6,766
0.13%
172,555
5.15%
Mortgage Payable
35,841
0.84%
49,087
0.92%
254,781
7.60%
Unearned Tuition Unearned Dormitory Fees Other Current Liabilities TOTAL CURRENT LIABILITIES
Other Long-Term Liabilities
1,047,591
24.47%
1,231,706
23.20%
123,766
3.69%
TOTAL LONG-TERM LIABILITIES
$1,174,791
27.44%
$1,287,559
24.25%
$551,102
16.45%
TOTAL LIABILITIES
$2,193,021
51.23%
$2,096,733
39.49%
$1,402,849
41.87%
Preferred Stock
3,834
0.09%
1,020
0.02%
6,060
0.18%
Common Stock
12,407
0.29%
34,898
0.66%
62,727
1.87%
804,450
18.79%
135,075
2.54%
1,789,838
53.42%
Other Equity Retained Earnings
0.00%
Beginning Balance
1,728,525
40.38%
3,910,981
73.66%
287,403
8.58%
Earnings or Loss for Year
(140,044)
-3.27%
(774,019)
-14.58%
(175,911)
-5.25%
(Dividends)
(139,048)
-3.25%
(77,814)
-1.47%
(67,339)
-2.01%
Other R/E Changes
(182,481)
-4.26%
(17,524)
-0.33%
45,060
1.34%
Ending Balance
1,266,952
29.60%
3,041,624
57.29%
89,213
2.66%
TOTAL STOCKHOLDERS EQUITY
$2,087,643
48.77%
$3,212,617
60.51%
$1,947,838
58.13%
TOTAL LIABILITIES AND EQUITY
$4,280,664
100%
$5,309,350
100%
$3,350,687
100%
60 2014 Key Operating Statistics
BALANCE SHEET - LIABILITIES AND EQUITY Total Liabilities & Equity $10,000,000 - $19,999,999 Mean Average (in $)
Accounts Payable Trade
All Credential Levels
Non-Degree
Occupational Associateâ&#x20AC;&#x2122;s
N = 49
N =3
N=5
204,046
1.37%
315,522
2.15%
16,078
0.10%
6,226
0.04%
0
0.00%
0
0.00%
Notes Payable Other
17,328
0.12%
0
0.00%
0
0.00%
Tuition Refunds Payable
77,363
0.52%
0
0.00%
159
0.00%
324,363
2.19%
63,582
0.43%
0
0.00%
7,328
0.05%
7,789
0.05%
0
0.00%
Notes Payable Equipment
Current Portion of Long Term Debt Payroll Taxes Payable Accrued Salaries and Wages
84,062
0.57%
336,210
2.30%
6,877
0.04%
747,156
5.03%
2,452,294
16.74%
392,986
2.47%
520
0.00%
0
0.00%
0
0.00%
484,391
3.26%
36,333
0.25%
89,332
0.56%
$1,952,783
13.16%
$3,211,730
21.93%
$505,432
3.17%
Notes or Bonds Payable
295,058
1.99%
46,853
0.32%
0
0.00%
Mortgage Payable
484,763
3.27%
0
0.00%
0
0.00%
Unearned Tuition Unearned Dormitory Fees Other Current Liabilities TOTAL CURRENT LIABILITIES
Other Long-Term Liabilities
1,050,259
7.08%
472,728
3.23%
237,631
1.49%
TOTAL LONG-TERM LIABILITIES
$1,830,080
12.33%
$519,581
3.55%
$237,631
1.49%
TOTAL LIABILITIES
$3,782,863
25.49%
$3,731,311
25.48%
$743,063
4.67%
Preferred Stock
20
0.00%
333
0.00%
0
0.00%
Common Stock
123,942
0.84%
33
0.00%
100
0.00%
3,350,601
22.58%
225,655
1.54%
4,021,812
25.25%
Beginning Balance
8,299,041
55.92%
10,674,928
72.89%
10,440,357
65.55%
Earnings or Loss for Year
(636,653)
-4.29%
75,316
0.51%
721,915
4.53%
(Dividends)
(13,309)
-0.09%
(62,148)
-0.42%
0
0.00%
Other R/E Changes
(66,632)
-0.45%
0
0.00%
0
0.00%
7,582,447
51.10%
10,688,096
72.98%
11,162,273
70.08%
TOTAL STOCKHOLDERS EQUITY
$11,057,010
74.51%
$10,914,117
74.52%
$15,184,185
95.33%
TOTAL LIABILITIES AND EQUITY
$14,839,873
100%
$14,645,428
100%
$15,927,248
100%
Other Equity Retained Earnings
Ending Balance
N= number of balance sheets in this range of total liabilities and equity
Balance Sheets - Liabilities and Equity
Accounts Payable Trade
Academic Associate’s
Bachelor’s
Master’s
N = 18
N = 18
N=5
61
39,249
0.27%
310,073
2.13%
536,702
3.40%
Notes Payable Equipment
0
0.00%
16,947
0.12%
0
0.00%
Notes Payable Other
0
0.00%
47,170
0.32%
0
0.00%
6,231
0.04%
195,631
1.35%
31,298
0.20%
Current Portion of Long Term Debt
0
0.00%
809,442
5.57%
226,619
1.43%
Payroll Taxes Payable
0
0.00%
11,570
0.08%
25,488
0.16%
Tuition Refunds Payable
Accrued Salaries and Wages
9,180
0.06%
151,425
1.04%
37,030
0.23%
529,588
3.63%
411,507
2.83%
2,069,823
13.10%
0
0.00%
993
0.01%
1,520
0.01%
183,404
1.26%
820,578
5.64%
1,021,564
6.47%
$767,652
5.26%
$2,775,336
19.09%
$3,950,044
25.00%
Notes or Bonds Payable
0
0.00%
793,513
5.46%
6,811
0.04%
Mortgage Payable
0
0.00%
863,668
5.94%
1,641,477
10.39%
Unearned Tuition Unearned Dormitory Fees Other Current Liabilities TOTAL CURRENT LIABILITIES
Other Long-Term Liabilities
1,824,583
12.49%
646,099
4.44%
876,813
5.55%
TOTAL LONG-TERM LIABILITIES
$1,824,583
12.49%
$2,303,280
15.84%
$2,525,101
15.98%
TOTAL LIABILITIES
$2,592,235
17.75%
$5,078,616
34.93%
$6,475,145
40.98%
Preferred Stock
0
0.00%
0
0.00%
0
0.00%
Common Stock
278
0.00%
332,678
2.29%
15,872
0.10%
3,115,618
21.33%
4,792,915
32.96%
207,968
1.32%
Other Equity Retained Earnings Beginning Balance
0.00% 8,791,528
60.20%
6,372,862
43.83%
9,893,484
62.61%
103,815
0.71%
(2,050,589)
-14.10%
2,082
0.01%
(Dividends)
0
0.00%
(6,233)
-0.04%
(70,699)
-0.45%
Other R/E Changes
0
0.00%
19,362
0.13%
(722,702)
-4.57%
8,895,342
60.91%
4,335,402
29.82%
9,102,165
57.60%
TOTAL STOCKHOLDERS EQUITY
$12,011,238
82.25%
$9,460,995
65.07%
$9,326,005
59.02%
TOTAL LIABILITIES AND EQUITY
$14,603,473
100%
$14,539,611
100%
Earnings or Loss for Year
Ending Balance
$15,801,150 100%
62 2014 Key Operating Statistics
BALANCE SHEET - LIABILITIES AND EQUITY Total Liabilities & Equity $20,000,000 - $49,999,999 Mean Average (in $)
Accounts Payable Trade
All Credential Levels
Non-Degree
Occupational Associateâ&#x20AC;&#x2122;s
N = 50
N =3
N=7
356,794
1.11%
1,814,554
6.36%
35,499
0.12%
1,565
0.00%
0
0.00%
0
0.00%
Notes Payable Other
40,000
0.12%
666,667
2.34%
0
0.00%
Tuition Refunds Payable
80,197
0.25%
7,200
0.03%
7,248
0.03%
144,808
0.45%
413,208
1.45%
0
0.00%
23,578
0.07%
49,336
0.17%
0
0.00%
Notes Payable Equipment
Current Portion of Long Term Debt Payroll Taxes Payable Accrued Salaries and Wages Unearned Tuition Unearned Dormitory Fees Other Current Liabilities TOTAL CURRENT LIABILITIES Notes or Bonds Payable Mortgage Payable Other Long-Term Liabilities
159,988
0.50%
697,896
2.45%
40,222
0.14%
1,489,099
4.65%
5,727,366
20.09%
498,380
1.73%
0
0.00%
0
0.00%
0
0.00%
354,204
1.11%
630,034
2.21%
185,781
0.65%
$2,650,233
8.28%
$10,006,261
35.09%
$767,130
2.67%
1,196,520
3.74%
3,566,928
12.51%
0
0.00%
549,956
1.72%
1,640,030
5.75%
0
0.00%
798,195
2.49%
1,770,188
6.21%
1,236,246
4.30%
TOTAL LONG-TERM LIABILITIES
$2,544,671
7.95%
$6,977,146
24.47%
$1,236,246
4.30%
TOTAL LIABILITIES
$5,194,904
16.23%
$16,983,407
59.56%
$2,003,376
6.96%
Preferred Stock
68,300
0.21%
2,333
0.01%
0
0.00%
Common Stock
960
0.00%
246
0.00%
143
0.00%
9,748,036
30.45%
5,680,034
19.92%
30,742,174
106.86%
16,984,438
53.05%
6,446,407
22.61%
(2,337,049)
-8.12%
163,164
0.51%
(597,464)
-2.10%
(1,638,907)
-5.70%
0
0.00%
0
0.00%
0
0.00%
(146,621)
-0.46%
0
0.00%
0
0.00%
17,000,981
53.11%
5,848,943
20.51%
(3,976,956)
-13.82%
TOTAL STOCKHOLDERS EQUITY
$26,818,277
83.77%
$11,531,556
40.44%
$26,765,361
93.04%
TOTAL LIABILITIES AND EQUITY
$32,013,181
100%
$28,514,963
100%
$28,768,737
100%
Other Equity Retained Earnings Beginning Balance Earnings or Loss for Year (Dividends) Other R/E Changes Ending Balance
N= number of balance sheets in this range of total liabilities and equity
Balance Sheets - Liabilities and Equity
Accounts Payable Trade
Academic Associate’s
Bachelor’s
Master’s
N = 23
N = 10
N=7
63
91,353
0.30%
885,824
2.43%
169,738
0.46%
Notes Payable Equipment
0
0.00%
0
0.00%
11,180
0.03%
Notes Payable Other
0
0.00%
0
0.00%
0
0.00%
1,907
0.01%
389,362
1.07%
0
0.00%
92,502
0.31%
343,237
0.94%
62,979
0.17%
1,353
0.00%
39,773
0.11%
86,002
0.23%
Tuition Refunds Payable Current Portion of Long Term Debt Payroll Taxes Payable Accrued Salaries and Wages Unearned Tuition Unearned Dormitory Fees Other Current Liabilities TOTAL CURRENT LIABILITIES Notes or Bonds Payable Mortgage Payable Other Long-Term Liabilities
43,309
0.14%
343,222
0.94%
170,834
0.46%
737,207
2.46%
2,310,180
6.35%
1,960,947
5.30%
0
0.00%
0
0.00%
0
0.00%
108,982
0.36%
1,059,396
2.91%
202,726
0.55%
$1,076,613
3.59%
$5,370,994
14.76%
$2,664,406
7.20%
769,337
2.56%
3,141,947
8.63%
1,569
0.00%
0
0.00%
1,331,149
3.66%
1,323,746
3.58%
380,160
1.27%
1,531,265
4.21%
269,879
0.73%
TOTAL LONG-TERM LIABILITIES
$1,149,497
3.83%
$6,004,361
16.50%
$1,595,194
4.31%
TOTAL LIABILITIES
$2,226,110
7.41%
$11,375,355
31.26%
$4,259,600
11.50%
Preferred Stock
148,174
0.49%
0
0.00%
0
0.00%
Common Stock
44
0.00%
1,624
0.00%
4,143
0.01%
3,898,963
12.98%
13,475,642
37.03%
4,390,558
11.86%
Other Equity Retained Earnings Beginning Balance
0.00% 22,436,358
74.72%
13,706,349
37.67%
27,591,755
74.52%
1,350,934
4.50%
(1,518,616)
-4.17%
792,091
2.14%
0
0.00%
0
0.00%
0
0.00%
(31,871)
-0.11%
(651,462)
-1.79%
(11,917)
-0.03%
23,755,421
79.11%
11,536,271
31.70%
28,371,928
76.63%
TOTAL STOCKHOLDERS EQUITY
$27,802,602
92.59%
$25,013,537
68.74%
$32,766,629
88.50%
TOTAL LIABILITIES AND EQUITY
$30,028,712
100%
$36,388,892
100%
$37,026,229
100%
Earnings or Loss for Year (Dividends) Other R/E Changes Ending Balance
64 2014 Key Operating Statistics
BALANCE SHEET - LIABILITIES AND EQUITY Total Liabilities & Equity $50,000,000 - $99,999,999 Mean Average (in $)
Accounts Payable Trade
All Credential Levels
Non-Degree
Occupational Associateâ&#x20AC;&#x2122;s
N = 14
N =1
N=1
1,949,177
2.98%
20,829
0.04%
176,506
0.33%
8,980
0.01%
0
0.00%
0
0.00%
Notes Payable Other
449,656
0.69%
0
0.00%
0
0.00%
Tuition Refunds Payable
175,161
0.27%
0
0.00%
2,422,449
4.55%
Current Portion of Long Term Debt
620,390
0.95%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
Notes Payable Equipment
Payroll Taxes Payable Accrued Salaries and Wages
579,927
0.89%
0
0.00%
47,925
0.09%
5,348,828
8.17%
821,236
1.63%
99,515
0.19%
0
0.00%
0
0.00%
0
0.00%
256,982
0.39%
66,379
0.13%
371,793
0.70%
$9,389,101
14.34%
$908,444
1.81%
$3,118,188
5.86%
Notes or Bonds Payable
1,142,857
1.75%
0
0.00%
0
0.00%
Mortgage Payable
3,030,916
4.63%
0
0.00%
0
0.00%
Other Long-Term Liabilities
1,955,825
2.99%
3,160
0.01%
5,740,479
10.78%
Unearned Tuition Unearned Dormitory Fees Other Current Liabilities TOTAL CURRENT LIABILITIES
TOTAL LONG-TERM LIABILITIES
$6,129,598
9.36%
$3,160
0.01%
$5,740,479
10.78%
$15,518,699
23.70%
$911,604
1.81%
$8,858,667
16.64%
Preferred Stock
647,884
0.99%
0
0.00%
0
0.00%
Common Stock
2,135,263
3.26%
0
0.00%
10,000
0.02%
13,172,561
20.12%
0
0.00%
29,958,268
56.26%
33,559,942
51.25%
46,505,888
92.57%
15,269,596
28.68%
TOTAL LIABILITIES
Other Equity Retained Earnings Beginning Balance Earnings or Loss for Year
1,017,445
1.55%
2,822,387
5.62%
(848,739)
-1.59%
(Dividends)
(436,688)
-0.67%
0
0.00%
0
0.00%
Other R/E Changes
(135,071)
-0.21%
0
0.00%
0
0.00%
34,005,628
51.93%
49,328,275
98.19%
14,420,857
27.08%
TOTAL STOCKHOLDERS EQUITY
$49,961,336
76.30%
$49,328,275
98.19%
$44,389,125
83.36%
TOTAL LIABILITIES AND EQUITY
$65,480,035
100%
$50,239,879
100%
$53,247,792
100%
Ending Balance
N= number of balance sheets in this range of total liabilities and equity
Balance Sheets - Liabilities and Equity
Accounts Payable Trade
Academic Associate’s
Bachelor’s
Master’s
N=4
N=4
N=4
65
1,533,522
2.18%
5,224,753
7.51%
14,511
0.02%
Notes Payable Equipment
31,429
0.04%
0
0.00%
0
0.00%
Notes Payable Other
76,204
0.11%
1,497,594
2.15%
0
0.00%
3,055
0.00%
0
0.00%
4,398
0.01%
145,000
0.21%
2,026,364
2.91%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
Tuition Refunds Payable Current Portion of Long Term Debt Payroll Taxes Payable Accrued Salaries and Wages
278,151
0.40%
1,683,679
2.42%
55,933
0.09%
12,998,429
18.52%
4,814,560
6.92%
677,722
1.07%
0
0.00%
0
0.00%
0
0.00%
126,672
0.18%
629,742
0.90%
33,481
0.05%
$15,192,462
21.64%
$15,876,692
22.82%
$786,045
1.24%
0
0.00%
4,000,000
5.75%
0
0.00%
Mortgage Payable
827,547
1.18%
9,780,658
14.06%
0
0.00%
Other Long-Term Liabilities
765,318
1.09%
3,947,343
5.67%
696,817
1.10%
Unearned Tuition Unearned Dormitory Fees Other Current Liabilities TOTAL CURRENT LIABILITIES Notes or Bonds Payable
TOTAL LONG-TERM LIABILITIES
$1,592,865
2.27%
$17,728,001
25.48%
$696,817
1.10%
$16,785,327
23.91%
$33,604,693
48.29%
$1,482,862
2.33%
Preferred Stock
0
0.00%
2,267,595
3.26%
0
0.00%
Common Stock
0
0.00%
7,470,919
10.74%
0
0.00%
12,701,237
18.09%
14,600,894
20.98%
11,312,270
17.81%
TOTAL LIABILITIES
Other Equity Retained Earnings Beginning Balance Earnings or Loss for Year
0.00% 39,664,545
56.51%
10,629,944
15.28%
51,721,436
81.42%
2,199,701
3.13%
1,857,374
2.67%
(989,429)
-1.56%
(1,156,585)
-1.65%
(371,823)
-0.53%
0
0.00%
0
0.00%
(472,750)
-0.68%
0
0.00%
40,707,661
57.99%
11,642,745
16.73%
50,732,007
79.86%
TOTAL STOCKHOLDERS EQUITY
$53,408,898
76.09%
$35,982,153
51.71%
$62,044,277
97.67%
TOTAL LIABILITIES AND EQUITY
$70,194,225
100%
$69,586,846
100%
$63,527,139
100%
(Dividends) Other R/E Changes Ending Balance
66 2014 Key Operating Statistics
BALANCE SHEET - LIABILITIES AND EQUITY Total Liabilities & Equity $100,000,000 - $699,999,999 Mean Average (in $)
Accounts Payable Trade
All Credential Levels
Non-Degree
Occupational Associateâ&#x20AC;&#x2122;s
N = 10
N =2
N=2
6,642,076
2.84%
13,923,377
5.10%
2,162,433
1.12%
0
0.00%
0
0.00%
0
0.00%
51,785
0.02%
0
0.00%
0
0.00%
Tuition Refunds Payable
637,305
0.27%
0
0.00%
3,186,526
1.65%
Current Portion of Long Term Debt
957,888
0.41%
217,500
0.08%
1,993,845
1.03%
42,167
0.02%
210,835
0.08%
0
0.00%
Notes Payable Equipment Notes Payable Other
Payroll Taxes Payable Accrued Salaries and Wages Unearned Tuition
1,382,450
0.59%
883,742
0.32%
3,896,821
2.02%
11,349,557
4.85%
41,952,961
15.36%
3,217,516
1.67%
0
0.00%
0
0.00%
0
0.00%
3,676,487
1.57%
7,052,615
2.58%
4,267,635
2.21%
$24,739,715
10.57%
$64,241,030
23.53%
$18,724,776
9.70%
30,338,093
12.96%
44,840,500
16.42%
79,415,830
41.15%
0
0.00%
0
0.00%
0
0.00%
Unearned Dormitory Fees Other Current Liabilities TOTAL CURRENT LIABILITIES Notes or Bonds Payable Mortgage Payable Other Long-Term Liabilities
30,313,821
12.95%
98,420,085
36.04%
27,723,933
14.37%
TOTAL LONG-TERM LIABILITIES
$60,651,914
25.90%
$143,260,585
52.46%
$107,139,763
55.52%
TOTAL LIABILITIES
$85,391,629
36.47%
$207,501,615
75.99%
$125,864,539
65.22%
Preferred Stock
78,133
0.03%
390,660
0.14%
4
0.00%
Common Stock
14,140,888
6.04%
70,688,502
25.89%
501
0.00%
Other Equity
85,879,825
36.68%
(31,122,500)
-11.40%
171,190,432
88.71%
Beginning Balance
68,279,238
29.16%
60,118,010
22.02%
(91,198,950)
-47.26%
Earnings or Loss for Year
(3,438,932)
-1.47%
(31,160,053)
-11.41%
(13,606,163)
-7.05%
(Dividends)
(3,618,582)
-1.55%
(3,354,500)
-1.23%
(14,738,411)
-7.64%
(12,557,822)
-5.36%
0
0.00%
15,473,914
8.02%
48,663,902
20.78%
25,603,457
9.38%
(104,069,610)
-53.93%
TOTAL STOCKHOLDERS EQUITY
$148,762,748
63.53%
$65,560,119
24.01%
$67,121,327
34.78%
TOTAL LIABILITIES AND EQUITY
$234,154,377
100%
$273,061,734
100%
$192,985,866
100%
Retained Earnings
Other R/E Changes Ending Balance
N= number of balance sheets in this range of total liabilities and equity
Balance Sheets - Liabilities and Equity
Accounts Payable Trade
Academic Associate’s
Master’s
N=3
N=3
8,780,229
5.61%
2,636,151
0.84%
0
0.00%
0
0.00%
172,616
0.11%
0
0.00%
0
0.00%
0
0.00%
1,114,656
0.71%
604,073
0.19%
0
0.00%
0
0.00%
Accrued Salaries and Wages
1,362,475
0.87%
58,649
0.02%
Unearned Tuition
6,903,879
4.41%
814,328
0.26%
0
0.00%
0
0.00%
4,094,080
2.62%
614,043
0.20%
$22,427,935
14.34%
$4,727,244
1.51%
10,400,969
6.65%
7,888,455
2.52%
0
0.00%
0
0.00%
Notes Payable Equipment Notes Payable Other Tuition Refunds Payable Current Portion of Long Term Debt Payroll Taxes Payable
Unearned Dormitory Fees Other Current Liabilities TOTAL CURRENT LIABILITIES Notes or Bonds Payable Mortgage Payable Other Long-Term Liabilities
16,622,318
10.63%
327,739
0.10%
TOTAL LONG-TERM LIABILITIES
$27,023,287
17.28%
$8,216,194
2.62%
TOTAL LIABILITIES
$49,451,222
31.61%
$12,943,438
4.13%
Preferred Stock
0
0.00%
0
0.00%
Common Stock
170
0.00%
10,120
0.00%
191,679,872
122.54%
1,207,591
0.39%
Other Equity Retained Earnings Beginning Balance
0.00% (34,595,563)
-22.12%
282,913,649
90.27%
2,060,989
1.32%
16,320,049
5.21%
0
0.00%
0
0.00%
Other R/E Changes
(52,175,349)
-33.36%
0
0.00%
Ending Balance
(84,709,923)
-54.15%
299,233,698
95.48%
TOTAL STOCKHOLDERS EQUITY
$106,970,119
68.39%
$300,451,409
95.87%
TOTAL LIABILITIES AND EQUITY
$156,421,341
100%
$313,394,847
100%
Earnings or Loss for Year (Dividends)
67
68 2014 Key Operating Statistics
BALANCE SHEET - LIABILITIES AND EQUITY Total Liabilities & Equity > $700,000,000 Mean Average (in $)
Accounts Payable Trade
All Credential Levels
Bachelor’s Degree
Master’s Degree
N=3
N=1
N=2
57,654,000
2.14%
114,941,000
1.96%
29,010,500
2.60%
Notes Payable Equipment
0
0.00%
0
0.00%
0
0.00%
Notes Payable Other
0
0.00%
0
0.00%
0
0.00%
Tuition Refunds Payable
0
0.00%
0
0.00%
0
0.00%
6,849,000
0.25%
20,547,000
0.35%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
Accrued Salaries and Wages
72,117,693
2.67%
198,162,000
3.38%
9,095,540
0.82%
Unearned Tuition
52,505,241
1.95%
0
0.00%
77,257,861
6.93%
0
0.00%
0
0.00%
0
0.00%
233,534,659
8.66%
450,575,000
7.70%
125,014,488
11.21%
$422,660,593
15.68%
$784,225,000
13.40%
$240,378,389
21.55%
373,415,000
13.85%
1,120,245,000
19.13%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
Current Portion of Long Term Debt Payroll Taxes Payable
Unearned Dormitory Fees Other Current Liabilities TOTAL CURRENT LIABILITIES Notes or Bonds Payable Mortgage Payable Other Long-Term Liabilities
194,976,547
7.23%
366,745,000
6.26%
109,092,321
9.78%
TOTAL LONG-TERM LIABILITIES
$568,391,547
21.08%
$1,486,990,000
25.40%
$109,092,321
9.78%
TOTAL LIABILITIES
$991,052,140
36.76%
$2,271,215,000
38.79%
$349,470,710
31.33%
Preffered Stock
0
0.00%
0
0.00%
0
0.00%
Common Stock
123,667
0.00%
0
0.00%
185,500
0.02%
(275,058,000)
-10.20%
0
0.00%
(412,587,000)
-36.99%
Other Equity Retained Earnings Beginning Balance
0.00% 1,598,113,090
59.28%
2,716,906,000
46.41%
1,038,716,636
93.13%
296,983,891
11.02%
611,814,000
10.45%
139,568,837
12.51%
0
0.00%
0
0.00%
0
0.00%
84,848,000
3.15%
254,544,000
4.35%
0
0.00%
1,979,944,981
73.44%
3,583,264,000
61.21%
1,178,285,473
105.64%
TOTAL STOCKHOLDERS EQUITY
$1,705,010,648
63.24%
$3,583,264,000
61.21%
$765,883,973
68.67%
TOTAL LIABILITIES AND EQUITY
$2,696,062,788
100.00%
$5,854,479,000
100.00%
$1,115,354,683
100.00%
Earnings or Loss for Year (Dividends) Other R/E Changes Ending Balance
N= number of balance sheets in this range of total liabilities and equity
ANALYSIS OF BALANCE SHEETS
70 2014 Key Operating Statistics
ANALYSIS OF BALANCE SHEET
Total Assets < $1,000,000
Current Ratio
All Credential Levels N = 49
Non-Degree N = 24
Occupational Associate’s Degree N = 10
1
1
1
1
1
1
11
2
1
All Credential Levels N = 194
Non-Degree N = 31
Occupational Associate’s Degree N = 32
2
2
2
2
2
1
1
1
1
All Credential Levels N = 49
Non-Degree N=3
Occupational Associate’s Degree N=5
current assets/current liabilities Quick Ratio current assets - (inventory + current prepaid expenses)/current liabilities Debt-to-Equity Ratio total liabilities/total stockholders equity
Total Assets $1,000,000 - $ 9,999,999 Current Ratio current assets/current liabilities Quick Ratio current assets - (inventory + current prepaid expenses)/ current liabilities Debt-to-Equity Ratio total liabilities/total stockholders equity
Total Assets $10,000,000 - $19,999,999 Current Ratio
2
3
2
2
3
2
0
0
0
current assets/current liabilities Quick Ratio current assets - (inventory + current prepaid expenses)/ current liabilities Debt-to-Equity Ratio total liabilities/total stockholders equity
71
Academic Associate’s Degree N=8
Bachelor’s Degree N=0
Master’s Degree N=7
1
N/A
1
1
N/A
0
-2
N/A
-4
Academic Associate’s Degree N = 63
Bachelor’s Degree N = 49
Master’s Degree N = 19
2
3
2
2
3
2
1
1
1
Academic Associate’s Degree N = 18
Bachelor’s Degree N = 18
Master’s Degree N=5
2
2
2
2
2
2
0
1
1
72 2014 Key Operating Statistics
Total Assets $20,000,000 - $49,999,999 Current Ratio
All Credential Levels N = 50
Non-Degree N=3
Occupational Associate’s Degree N=7
2
1
7
2
1
7
0
1
0
current assets/current liabilities Quick Ratio current assets - (inventory + current prepaid expenses)/ current liabilities Debt-to-Equity Ratio total liabilities/total stockholders equity
Total Assets $50,000,000 - $99,999,999 Current Ratio
All Credential Levels N = 14
Non-Degree N=1
Occupational Associate’s Degree N=1
1
3
7
1
3
7
0
0
0
current assets/current liabilities Quick Ratio current assets - (inventory + current prepaid expenses)/ current liabilities Debt-to-Equity Ratio total liabilities/total stockholders equity
Total Assets $100,000,000 - $699,999,999 Current Ratio
All Credential Levels N = 10
Non-Degree N=2
Occupational Associate’s Degree N=2
1
1
1
current assets/current liabilities Quick Ratio
1
1
1
1
3
2
current assets - (inventory + current prepaid expenses)/ current liabilities Debt-to-Equity Ratio total liabilities/total stockholders equity
73
Academic Associate’s Degree N = 23
Bachelor’s Degree N = 10
Master’s Degree N=7
2
2
3
2
2
3
0
0
0
Academic Associate’s Degree N=4
Bachelor’s Degree N=4
Master’s Degree N=4
1
1
1
1
1
1
0
1
0
Academic Associate’s Degree N=3
Bachelor’s Degree N=0
Master’s Degree N=3
1
N/A
2
1
N/A
2
0
N/A
0
74 2014 Key Operating Statistics
Total Assets > $700,000,000
Current Ratio
All Credential Levels N=3
Non-Degree N=0
Occupational Associateâ&#x20AC;&#x2122;s Degree N=0
2
N/A
N/A
2
N/A
N/A
1
N/A
N/A
current assets/current liabilities
Quick Ratio current assets - (inventory + current prepaid expenses)/ current liabilities Debt-to-Equity Ratio total liabilities/total stockholders equity
N = number of balance sheets in this range of total assets
75
Academic Associate’s Degree N=0
Bachelor’s Degree N=1
Master’s Degree N=2
N/A
2
1
N/A
2
1
N/A
1
0
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