KEY FINANCIAL RATIOS
Ratios in this table measure an institution's "financial health" by indicating the school's capacity to provide
promised educational services to enrolled students.
Net Return on Assets: change in net assets / total net assets at beginning of fiscal year
Measures whether the institution's resources are growing.
Net Income Ratio:  change in unrestricted net assets / total unrestricted revenues
Measures whether the revenue generated by the institution covered its expenses.
Operating Income Ratio:  operating income / total expenses
Measures whether the core operating activities are covering expenses.  Excludes auxiliary expenses.
Viability Ratio:  expendable net assets / long term debt
Measures whether an institution has enough net assets to pay off its long-term debt.
	Return	Net	Operating		Instructional	Net
Fiscal	on Net	Income	Income	Viability	Expense per	Tuition per
Year	Assets	Ratio	Ratio	Ratio	FTE Student	FTE Student
2006-07	0.15	0.16	1.43	1.40	$14,512	$28,468
2005-06	0.11	0.12	1.39	1.27	$13,356	$26,243
2004-05	0.01	0.09	1.41	1.10	$12,836	$23,768
2003-04	0.22	0.10	1.42	0.83	$11,969	$21,014
Source:  USD Controller.