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.