2010 acics key operating statistics

SUMMARY OF KEY OPERATING STATISTICSAccrediting Council for Independent Colleges and Schools

Data collected from the 2010 Annual Institutional Report

Welcome ...........................................................................................1

Annual Institutional Report Data Enrollment Data ............................................................................2

Retention Data ..............................................................................7

Placement Data .............................................................................9

Retention and Placement Analysis by Demographic Factors .............11

Retention and Placement Average by State ....................................12

Program Lengths and Tuition and Fees Top Programs by Number .............................................................14

Top Programs by Enrollment .........................................................15

Average Program Contact Hours by Degree Level and Program .........16

Average Tuition and Fees by Degree Level and Program ...................23

Annual Financial Report Data Income Statement .......................................................................31

Balance Sheets ...........................................................................34

Analysis of Balance Sheet ............................................................34

1

The Accrediting Council for Independent Colleges and

Schools (ACICS) provides the Summary of Key Operating

Statistics (KOS) as an annual review of the performance and key

measurements of the more than 850 private post-secondary institutions we accredit.

This edition of the KOS contains information based on the 2010 Annual Institutional

Reports (AIR) submitted by ACICS-accredited institutions. It reflects activity during a

reporting year that begins on July 1 and concludes on June 30. With each submission

of the AIR, accredited institutions provide comprehensive back-up information ACICS

uses during on-site evaluation visits to verify the accuracy of the data. This report also

includes summary information regarding financial conditions of ACICS institutions. The

information is derived from the Annual Financial Report (AFR) provided to ACICS after

each fiscal year.

ACICS looks forward to working with member institutions to strengthen educational

outcomes and to ensure that high-quality education is available to more than 800,000

students enrolled at ACICS-accredited institutions.

WELCOME

2

The following definitions are used by institutions when providing enrollment information:

Credential LevelIndicates the highest level of programs an institution offers under its grant of accreditation.

InstitutionEither a main or branch campus but not a learning site. Learning site data is aggregated with the information of the host campus.

Enrollment at the Beginning of the Reporting PeriodThe number of students enrolled on July 1.

New StartsThe number of students enrolled for the first time or who graduated from a program and enrolled for the first time in a different program between July 1 and June 30 of the subsequent year.

Re-entriesThe number of returning students who enrolled in the institution between July 1 and June 30, who had previously withdrawn from your institution.

ENROLLMENT DATA

Total Enrollment at ACICS-Accredited Institutions

0

200,000

400,000

600,000

800,000

1,000,000

20102009200820072006

560,418 556,542598,684

700,775

881,262

Reporting Year

Num

ber o

f Stu

dent

s

3

2010 ACICS-Accredited Institutions by Credential Level

0

50

100

150

200

250

300

Master'sDegree

Bachelor'sDegree

AcademicAssociate's

Degree

OccupationalAssociate's

Degree

Non-Degree

172

129

195

267

56

Credential Level

Num

ber o

f Ins

titut

ions

2010 Student Enrollment by Credential Level

Credential Level

Num

ber o

f Stu

dent

s

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

Master'sDegree

Bachelor'sDegree

AcademicAssociate's

Degree


Degree

Non-Degree

143,862

99,503

196,221

313,696

127,980

4

N = Number of ACICS-Accredited Institutions

Note: Institutions are classified according to the highest credential awarded, but they also may offer lower credentials. For example, a bachelor’s degree institu-tion also may offer non-degree or associate’s degree programs. The enrollment descriptions above are for institutions as a whole and therefore may include students in lower level programs.

Enrollment Data (continued)

All Institutions

N = 819

Non-degree

N = 172

Occupational Associate’s

N = 129

Academic Associate’s

N = 195

Bachelor’s

N = 267

Master’s

N = 56

Enrollment at Beginning of Period 379,214 55,896 42,607 80,415 143,560 56,766

New Starts 470,971 84594 53,535 109,189 157,112 66,541

Reentries 31,047 3,372 3,361 6,617 13,024 4,673

Total Enrollment During Reporting Year 881,262 143,862 99,503 196,221 313,696 127,980

Number of Enrollees Without a High School Diploma or DEG Certificate While Enrolled

49,458 13,548 6,138 16,735 5,598 7,394

Number of Enrollees Who Obtained a GED Certificate While Enrolled

4,342 416 616 1,235 416 1,659

Number of Enrollees in One or More Courses through Distance Learning

148,191 1,049 5,949 11,359 49,729 80,105

Completed a Full Program 3,261 1,454 792 507 171 337

Graduated from a Program 167,906 45,856 21,876 42,563 42,830 14,781

Withdrew due to Military Service 1,081 31 67 104 740 139

Withdrew 251,414 32,217 26,142 55,910 92,245 44,900

Still Enrolled at the End of the Period 447,639 62,363 50,022 96,370 172,564 66,320

Students Who Withdrew to Accept Employment in Their Field of Training

800 263 173 63 273 28

5

Average Enrollment

Reporting Year

Num

ber o

f Stu

dent

s

0

200

400

600

800

1000

1200

20102009200820072006

956

840 843 852

1,077

Median Enrollment

Reporting Year

Num

ber o

f Stu

dent

s

0

100

200

300

400

500

600

700

800

20102009200820072006

705

598 636 598

791

6Faculty Members

Repo

rtin

g Ye

ar

Number of Faculty Members

0 5,000 10,000 15,000 20,000 25,000 30,000 35,000

Part-Time

Full-Time

2010

2009

2008

2007

2006 7,522 15,879

7,151 16,786

7,654 18,568

8,483 20,941

9,356 21,866

0 5,000 10,000 15,000 20,000 25,000 30,000 35,000

Part-Time

Full-Time

2010

2009

2008

2007

2006 7,522 15,879

7,151 16,786

7,654 18,568

8,483 20,941

9,356 21,866

States with the Greatest Number of ACICS-Accredited Institutions

Florida 91California 75Ohio 52Pennsylvania 47Texas 43New York 35Indiana 32Puerto Rico 30Kentucky 26Virginia 25

Enrollment Data (continued)

7

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.

Retention Data

WithdrawalA 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.

Retention RatesRetention rates are calculated for each institution according to standard formulas adopted by the Council.

Retention Percentage Rate = (A – B) / A A = Beginning Enrollment and Reentries plus New Starts

B = Withdrawals

RETENTION AND PLACEMENT

8

2010 Retention Rates by Credential Level

Credential Level

Rete

ntio

n Ra

te (%

)

65

70

75

80

85

Master'sDegree

Bachelor'sDegree

AcademicAssociate's

Degree


Degree

Non-Degree

77

74 74

71 71

Retention Data (continued)

Average Retention Rates by Reporting Year

Reporting Year (%)

Rete

ntio

n Ra

te (%

)

0

10

20

30

40

50

60

70

80Standard Deviation

Retention Rate

20102009200820072006

71

12 12

71 71

14

75

8

73

9

0

10

20

30

40

50

60

70


Retention Rate

20102009200820072006

71

12 12

71 71

14

75

8

73

9

9

Institutions report placement outcomes for graduates and completers as of the submission date of the AIR. The follow-ing definitions apply in determining the appropriate placement classification.

Placement Data

CompleterA student who is no longer enrolled at the institution and who either has completed the time allowed or has at-tempted the maximum allowable num-ber 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 compe-tencies or speed skills; or (3) satisfied non-academic requirements.

GraduateA 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-aca-demic requirements such as payment of tuition and fees, return of books, etc.; (6) satisfied all other academic re-quirements for graduation; (7) received the appropriate credential; and (8) ceased enrollment at the institution.

In-FieldA graduate is employed in a position that requires direct use of the skills taught in the program.

Related FieldA graduate is employed in a position that requires indirect use of the skills

taught in the program.

Out-of-FieldA graduate is employed in a position that does not require use of the skills taught in the program.

Not AvailableA graduate is documented as un-available for placement because of pregnancy or other health-related situations; continuing education; active military service; ineligibility for place-ment in the United States due to visa status; or completion of a stand-alone English as a Second Language (ESL)program for which placement typically is not offered.

Placement rates are calculated for each institution according to standard formulas adopted by the Council.

Placement Percentage Rate = (PF + PR) / (G – U) PF = Placed in Field G = Graduates and Completers PR = Placed in Related Field U = Unavailable for Placement

Note: Data does not include institutions that did not have students eligible for placement.

All Institutions

N = 819

Non-degree

N = 172

Occupational Associate’s

N = 129

Academic Associate’s

N = 195

Bachelor’s Degree

N = 267

Master’s degree

N = 56

Total Number of Completers and Graduates Eligible for Placement

171,167 47,310 22,668 43,070 43,001 15,118

Placed in Field of Study 82,524 24,189 12,047 21,488 18,776 6,024

Placed in a Related Field of Study 17,443 4,822 2,099 3,464 5,599 1,459

Placed Out of Field of Study 3,627 570 573 678 1,521 285

Not Available Due to Pregnancy or Other Health Situation

5,055 1,601 738 1,416 947 353

Not Available Due to Continuing Education 16,331 3,015 1,866 3,269 6,692 1,489

Not Available Due toActive Military Service 651 104 66 115 239 73

International Student Possessing an I-20 Visa 3,158 875 90 88 187 1,918

ESL Completers or Graduates 1,374 411 533 214 0 216

Not Employed 41,004 11,723 4,656 12,338 8,986 3,301

10

Placement Data (Continued)

2010 Average Placement Rates by Credential Level

Credential Level

Plac

emen

t Rat

e (%

)

0

25

50

75

100

Master'sDegree

Bachelor'sDegree

AcademicAssociate's

Degree


Degree

Non-Degree

71 7669

72 76

Note: Data does not include institutions that did not have students eligible for placement.

2010 Average Placement Rates by Reporting Year

Reporting Year

Plac

emen

t Rat

e (%

)

0

20

40

60

80


Placement Rate

20102009200820072006

72

21

74

21

71

23

74

10

71

11

0

20

40

60

80


Placement Rate

20102009200820072006

72

21

74

21

71

23

74

10

71

11

11

Note: For purposes of calculating retention, students who withdraw due to military service or to enroll in another institution under the same owner are not included.

Retention and Placement Analysis by Demographic Factors

Total 2010 Retention 2010 Placement

All institutions 819 73 71

Urban Population Greater than 500K 343 74 71

Urban Population Between 150K and 500K 207 73 72

Urban Population Less than 150K 93 73 73

Suburban 132 76 73

Rural 44 73 73

Nondegree 172 77 71

Occupational Associate’s Degree 129 74 76

Academic Associate’s Degree 195 74 69

Bachelor’s Degree 267 72 72

Master’s Degree 56 75 76

12

Retention and Placement Average by State

Retention Placement

2006 2007 2008 2009 2010 2006 2007 2008 2009 2010

Alabama 73 60 64 68 66 71 72 45 71 68

Alaska 72 68 81 76 72 72 66 82 82 88

Arizona 74 73 76 75 75 76 79 72 71 70

Arkansas 64 70 65 61 62 56 34 83 67 72

California 74 76 76 79 79 77 74 68 76 73

Colorado 62 67 69 72 74 62 81 69 74 69

Connecticut 73 74 73 76 78 70 69 79 76 72

Florida 71 73 72 74 72 77 77 71 74 68

Georgia 67 68 66 69 69 72 81 72 72 74

Hawaii 77 77 75 n/a n/a 69 75 70 n/a n/a

Idaho 62 72 53 79 81 84 93 54 69 73

Illinois 72 71 71 72 74 74 76 75 73 73

Indiana 68 65 69 71 72 75 77 69 75 76

Iowa n/a n/a 80 70 78 n/a n/a n/a n/a 100

Kansas 70 55 57 67 68 71 59 47 76 80

Kentucky 69 67 69 74 68 70 69 78 74 69

Louisiana 64 73 70 74 68 77 71 67 75 76

Maine 64 67 67 71 72 63 71 66 69 69

Maryland 70 71 74 74 77 62 81 59 68 65

Massachusetts 73 75 73 75 75 75 78 76 69 73

Michigan 72 70 70 74 74 69 70 71 73 71

Minnesota 70 71 67 74 73 82 84 76 75 80

Mississippi 59 64 76 78 69 33 76 73 83 72

Missouri 73 68 75 79 76 69 77 76 74 73

13

Retention Placement2006 2007 2008 2009 2010 2006 2007 2008 2009 2010

Nebraska 67 76 75 71 72 66 73 67 67 75

Nevada 67 77 67 80 79 74 74 64 74 70

New Hampshire n/a n/a 98 95 88 n/a n/a 91 66 70

New Jersey 80 78 76 78 76 71 75 78 77 73

New Mexico 50 73 76 81 82 58 57 79 78 70

New York 71 74 73 74 76 74 74 71 74 72

North Carolina 58 70 58 71 69 72 72 44 73 74

North Dakota 67 n/a n/a n/a n/a 80 n/a n/a n/a n/a

Ohio 64 64 66 74 69 62 65 67 74 73

Oklahoma 77 67 53 68 70 49 50 67 80 68

Oregon 73 70 75 78 78 61 77 75 69 66

Pennsylvania 74 74 74 76 75 78 79 79 76 75

Puerto Rico 76 73 74 75 71 77 75 75 73 72

Rhode Island 72 73 71 76 76 73 75 77 70 65

South Carolina 73 80 74 75 79 80 68 57 80 76

South Dakota n/a n/a n/a n/a 62 n/a n/a n/a n/a 73

Tennessee 66 68 70 70 69 60 58 69 74 68

Texas 70 71 71 75 76 72 74 72 71 67

Utah 64 66 68 74 72 83 84 85 81 79

Virginia 67 67 72 73 75 73 71 72 75 71

Washington 74 74 67 78 81 74 77 67 70 68

West Virginia 69 71 72 70 71 77 79 77 73 73

Wisconsin 67 69 59 72 76 73 74 45 71 70

Wyoming 74 82 71 70 69 n/a 87 91 90 85

International 78 82 87 85 78 51 71 90 82 82

14

ACICS is required to monitor the average program lengths and tuition and fees of similar programs of study of its accredited institutions in order to maintain compliance with the U.S. Department of Education accrediting agency recognition provisions. In keeping with this requirement, Section 2-1-807 of the Accreditation Criteria, Program Length and Tuition and Fees, states that the Council will collect and provide data relative to program length and tuition and fees to 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 2010 Annual Institutional Reports (AIR) by all ACICS-accredited institutions. The program codes given correspond with those used to report program data on the AIR. To maintain confidentiality, ACICS does not publish information for programs that are offered by fewer than ten institutions (regardless of credential level).

PROGRAM CONTACT HOURS/TUITION & FEES

Top Programs by NumberNumber of Institutions Offering Programs

Business Administration and Management 1,012Medical/Clinical Assistant 661Criminal Justice/ Law Enforcement 572Accounting 521Legal Assistant/ Paralegal 409Computer Systems Networking/Telecommunications 304Massage Therapy 298Medical Office Assistant 294Administrative Assistant 285Medical Adminstrative Assistant 267

15

PROGRAM CONTACT HOURS/TUITION & FEES

Top Programs by EnrollmentNumber of Students Enrolled in Programs

Medical/Clinical Assistant 147,884Criminal Justice/Law Enforcement 75, 815Business Administration and Management 59,497Computer Systems Networking/Telecommunications 42,575Medical Insurance Specialist/ Medical Biller 34,715Computer and Electronics Engineering Technology 29,402Medical Office Assistant 24,678Cooking and Related Culinary Arts 23, 448Pharmacy Assistant 23,004Computer Drafting and Design 21,851

16

Program Program Code Number of Programs

DAY EVENING

Average Contact Hours

DAY EVENING

Standard Deviation

DAY EVENING

Accounting 52.0301 30 30 565 565 150 150

Administrative Assistant 52.0401 30 25 782 745 235 252

Business Administration and Management 52.0201 28 25 553 587 168 136

Business Office Technology 52.0407 27 25 710 722 266 269

Computer Systems Networking/ Telecommunications 11.0901 20 20 561 569 220 207

Cooking and Related Culinary Arts 12.0500 23 23 817 817 228 228

Cosmetology 12.0401 23 23 906 906 499 499

Criminal Justice/Law Enforcement 43.0103 12 10 622 642 186 199

Dental Assistant 51.0601 12 12 707 707 219 219

Diagnostic Medical Sonography 51.0910 12 11 1,870 1,862 179 186

English as a Second Language 13.1401 20 15 673 685 309 231

Health Services/Allied Health/ Health Sciences 51.0000 11 10 941 969 345 350

Legal Administrative Assistant 22.0301 14 12 725 646 233 163

Legal Assistant/Paralegal 22.0302 32 32 504 504 124 124

Massage Therapy 51.3501 26 24 798 799 125 130

Medical Administrative Assistant 51.0716 29 27 766 733 193 183

Medical Insurance Coding Specialist/Coder 51.0713 28 25 692 705 197 205

Medical Insurance Specialist/Medical Biller 51.0714 39 45 768 762 227 212

Medical Office Assistant 51.0710 41 39 800 778 220 208

Medical/Clinical Assistant 51.0801 81 79 807 809 173 155

Nursing/Patient Care Assistant 51.1614 13 11 606 637 429 455

Pharmacy Assistant 51.0805 37 34 697 718 216 213

Phlebotomy 51.1009 17 16 372 392 189 176

Web Page and Digital/Multimedia Design 11.0801 9 10 694 704 233 222

CERTIFICATE

AVERAGE PROGRAM CONTACT HOURS BY DEGREE LEVEL & PROGRAM

17


DAY EVENING


DAY EVENING

Standard Deviation

DAY EVENINGAccounting 52.0301 174 152 753 729 255 254

Administrative Assistant 52.0401 130 103 829 804 290 287

Aesthetician/Esthetician and Skin Care Specialist 12.0409 30 29 790 794 253 256

Automotive Mechanics Technology 47.0604 16 16 1,224 1,224 138 138

Baking and Pastry Arts 12.0501 23 17 963 978 200 219

Banking and Financial Support Services 52.0803 20 20 1,072 1,072 36 36

Barbering/Barber 12.0402 22 22 1,135 1,135 167 167


Business Office Technology 52.0407 43 33 719 646 274 224

Cardiovascular Technology 51.0901 16 16 1,307 1,307 538 538

Computer and Information Systems Security 11.1003 13 14 1,042 1,002 221 243

Computer Installation and Repair Technology 47.0104 39 37 734 675 279 210

Computer Software and Media Applications 11.0899 23 18 802 767 191 188

Computer Systems Networking/ Telecommunications 11.0901 38 37 909 890 203 183

Computer Systems Technology 15.1202 40 40 998 992 209 214

Cooking and Related Culinary Arts 12.0500 35 24 947 961 241 226

Cosmetology 12.0401 81 70 1,142 1,145 347 333

Court Reporting 22.0303 18 17 2,553 2,496 1,109 1,126

Criminal Justice/Law Enforcement 43.0103 36 35 926 928 403 409

Data Entry/Microcomputer Applications 11.0601 44 40 670 643 411 411

Data Processing Technology 11.0301 24 22 658 643 157 154

Dental Assistant 51.0601 72 67 878 884 175 178


Drafting and Design Technology 15.1301 13 13 948 948 242 242

Electrical/Electronics Maintenance and Repair Technician

47.0199 45 45 932 932 226 226

Emergency Medical Technology 51.0904 15 15 1,082 1,082 346 346

Health and Physical Education/Fitness 31.0599 16 16 788 788 150 150

Heating, A/C and Refrigeration Technology 15.0501 37 38 919 913 279 272

Human Resources Management 52.1001 12 12 937 937 270 270

Information Technology 11.0103 27 26 629 626 230 232

Legal Administrative Assistant 22.0301 65 51 857 827 197 203

DIPLOMA

18


DAY EVENING


DAY EVENING

Standard Deviation

DAY EVENING

Legal Assistant/Paralegal 22.0302 43 42 830 814 332 319

Licensed Practical/Vocational Nurse 51.1613 45 35 1,274 1,249 266 256

Massage Therapy 51.3501 176 174 825 826 134 134

Medical Administrative Assistant 51.0716 107 105 808 791 184 184

Medical Insurance Coding Specialist/Coder 51.0713 124 123 766 768 175 174

Medical Insurance Specialist/Medical Biller 51.0714 126 124 765 754 142 161

Medical Office Assistant 51.0710 189 172 795 765 273 252

Medical Transcription 51.0708 30 29 866 865 342 346

Medical/Clinical Assistant 51.0801 300 292 879 876 190 190

Nail Technician/Specialist and Manicurist 12.0410 14 14 719 712 150 154

Nursing 51.1601 11 8 1,148 1,000 425 404

Nursing/Patient Care Assistant 51.1614 57 54 820 793 375 365

Pharmacy Assistant 51.0805 119 115 770 768 129 128

Phlebotomy 51.1009 21 21 646 646 317 317

Plumbing Technology 46.0503 11 11 775 775 124 124

Radiologic Technology 51.0911 12 11 1,078 944 488 160

Respiratory Therapy Assistant 51.0812 12 11 1,337 1,306 277 267

Security/Loss Prevention Services 43.0109 12 11 829 839 258 268

Surgical Technology 51.0909 38 34 1,206 1,204 155 156

Tourism and Travel Services Management 52.0903 21 12 1,015 1,022 166 159

Web Page and Digital/Multimedia Design 11.0801 14 14 818 818 169 169

Word Processing 11.0602 9 7 861 807 215 256

DIPLOMA (CONTINUED)


19


DAY EVENING


DAY EVENING

Standard Deviation

DAY EVENING

Accounting 52.0301 69 55 1,413 1,347 791 871

Administrative Assistant 52.0401 61 45 1,441 1,337 269 181


Business Administration and Management 52.0201 126 104 1,305 1,236 323 270

Computer Software and Media Applications 11.0899 10 6 1,390 1,266 197 147

Computer Systems Networking/ Telecommunications 11.0901 26 25 1,382 1,317 214 202

Computer Systems Technology 15.1202 21 19 1,812 1,282 2,314 179

Cooking and Related Culinary Arts 12.0500 11 11 1,576 1,576 221 221

Cosmetology 12.0401 15 12 1,717 1,652 420 429

Court Reporting 22.0303 29 27 2,765 2,797 1,270 1,308

Criminal Justice/Law Enforcement 43.0103 43 41 1,241 1,204 263 234

Dental Assistant 51.0601 11 10 1,363 1,376 347 363

Health Information Technology 51.0707 25 21 1,383 1,323 288 222

Human Resources Management 52.1001 14 14 1,186 1,186 113 113

Information Technology 11.0103 14 11 1,314 1,234 280 183

Legal Administrative Assistant 22.0301 26 14 1,519 1,236 298 405

Legal Assistant/Paralegal 22.0302 35 32 1,281 1,245 235 218

Marketing/Marketing Management 52.1401 27 26 1,222 1,205 195 177

Massage Therapy 51.3501 40 38 1,306 1,301 194 195

Medical Administrative Assistant 51.0716 52 40 1,438 1,359 331 317

Medical Insurance Coding Specialist/Coder 51.0713 26 23 1,288 1,268 242 248

Medical Insurance Specialist/Medical Biller 51.0714 20 20 1,243 1,243 100 100

Medical Office Assistant 51.0710 21 12 1,282 1,146 450 434

Medical/Clinical Assistant 51.0801 86 77 1,383 1,346 294 277

Pharmacy Assistant 51.0805 13 13 1,123 1,123 192 192


OCCUPATIONAL ASSOCIATE’S DEGREE

20

ACADEMIC ASSOCIATE’S DEGREE


DAY EVENING


DAY EVENING

Standard Deviation

DAY EVENING

Accounting 52.0301 176 171 1,140 1,130 136 128

Administrative Assistant 52.0401 61 53 1,239 1,223 165 164

Advertising 09.0903 10 10 1,320 1,320 105 105

Baking and Pastry Arts 12.0501 16 11 1,520 1,447 254 275


Business Office Technology 52.0407 24 25 1,167 1,157 152 156

Cardiovascular Technology 51.0901 18 18 1,544 1,544 399 399

Cinematography and Film/Video Production 50.0602 11 7 1,262 1,128 275 164

Computer and Electronics Engineering Technology 15.0303 127 127 1,163 1,163 127 127


Computer Drafting and Design 15.1302 137 137 1,180 1,180 102 102

Computer Engineering Technology 15.1201 13 13 1,344 1,344 113 113

Computer Programming 11.0201 109 103 1,183 1,156 139 91

Computer Science 11.0701 18 18 1,150 1,094 111 269


Computer Systems Networking/ Telecommunications 11.0901 201 199 1,164 1,155 131 114

Computer Systems Technology 15.1202 29 29 1,175 1,175 57 57



Dental Assistant 51.0601 21 19 1,383 1,350 232 216

Design and Visual Communications 50.0401 102 102 1,139 1,139 61 61


Drafting and Design Technology 15.1301 24 24 1,269 1,269 206 206

Early Childhood Education 13.1210 15 16 1,236 1,215 96 125

Electrical/Electronics Maintenance and Repair Technician 47.0199 11 11 1,055 1,055 295 295

Fashion Merchandising 52.1902 25 20 1,192 1,107 271 180

Fashion/Apparel Design 50.0407 19 14 1,263 1,176 205 118

General Studies 24.0102 10 4 951 914 109 334

Graphic Design 50.0409 78 60 1,295 1,246 312 277

Health and Physical Education/Fitness 31.0599 11 11 1,347 1,347 43 43

Health Care Administration/Management 51.0701 40 39 1,173 1,168 141 134


21


DAY EVENING


DAY EVENING

Standard Deviation

DAY EVENING

Health Information Technology 51.0707 48 48 1,176 1,176 76 76

Health Services/Allied Health/ Health Sciences 51.0000 12 12 1,870 1,870 2,779 2,779

Hotel/Motel Administration/Management 52.0904 10 8 992 984 83 64

Human Resources Management 52.1001 17 17 1,051 1,051 57 57


Interior Design 50.0408 22 19 1,253 1,204 249 193

Legal Administrative Assistant 22.0301 17 10 1,298 1,271 163 182


Marketing/Marketing Management 52.1401 27 27 1,033 1,035 214 208

Massage Therapy 51.3501 55 54 1,252 1,249 122 121

Medical Administrative Assistant 51.0716 73 72 1,178 1,178 312 314

Medical Insurance Coding Specialist/Coder 51.0713 30 29 1,082 1,080 205 209

Medical Insurance Specialist/Medical Biller 51.0714 40 39 1,116 1,112 80 77

Medical Office Assistant 51.0710 38 35 1,118 1,093 229 216

Medical/Clinical Assistant 51.0801 183 178 1,226 1,219 159 156

Nursing 51.1601 17 14 1,594 1,585 275 297

Nursing/Registered Nurse 51.3801 43 36 1,575 1,585 132 137

Occupational Therapist Assistant 51.0803 13 11 1,597 1,621 153 118

Pharmacy Assistant 51.0805 59 59 1,387 1,213 1,356 252

Radiologic Technology 51.0911 14 13 1,975 1,887 609 535


System Administration 11.1001 23 23 1,217 1,217 59 59

Tourism and Travel Services Management 52.0903 12 6 1,437 1,375 109 126

Veterinary/Animal Health Technology 51.0808 38 34 1,520 1,478 165 108

Web Page and Digital/Multimedia Design 11.0801 145 132 1,179 1,151 174 95

Web/Multimedia Management 11.1004 11 11 1,415 1,415 114 114

22


DAY EVENING


DAY EVENING

Standard Deviation

DAY EVENING

Accounting 52.0301 62 62 2,033 2,030 140 143

Advertising 09.0903 15 10 2,336 2,251 236 203

Animation/Interactive Technology/Video Graphics 10.0304 116 99 2,260 2,238 297 204


Cinematography and Film/Video Production 50.0602 18 10 2,375 2,467 715 633



Computer Graphics 11.0803 17 10 2,441 2,486 572 202

Computer Programming 11.0201 80 81 2,157 2,143 150 140

Computer Science 11.0701 16 15 2,008 2,033 408 250


Construction Management 52.2001 113 111 2,129 2,123 130 114



Design and Visual Communications 50.0401 14 11 2,513 2,476 276 301

E-Commerce 52.0208 21 21 2,036 2,036 149 149

Fashion Merchandising 52.1902 29 20 2,182 2,184 483 298

Fashion/Apparel Design 50.0407 20 14 2,337 2,220 384 388

General Studies 24.0102 23 5 1,827 1,647 29 418

Graphic Design 50.0409 40 32 2,354 2,351 472 325

Health Care Administration/Management 51.0701 91 92 2,007 2,008 180 182


Interior Design 50.0408 43 34 2,449 2,429 505 247


Nursing/Registered Nurse 51.3801 12 11 2,142 2,055 987 985

Photography 50.0605 16 11 2,541 2,539 378 447


Teacher Education 13.1206 12 11 2,368 2,255 408 133

Web Page and Digital/Multimedia Design 11.0801 33 18 2,469 2,459 442 214

BACHELOR’S DEGREE

MASTER’S DEGREEProgram Program Code Number of Programs

DAY EVENINGAverage Contact Hours

DAY EVENINGStandard Deviation

DAY EVENING



23

AVERAGE TUITION & FEES BY DEGREE LEVEL & PROGRAM


DAY EVENING

Average Tuition & Fees (in $)

DAY EVENING

Standard Deviation (in $)

DAY EVENING

Accounting 52.0301 30 30 12,595 12,595 3,887 3,887

Administrative Assistant 52.0401 30 25 12,203 11,746 3,278 3,690

Business Administration and Management 52.0201 28 25 13,514 14,217 3,023 2,322

Business Office Technology 52.0407 27 25 14,302 15,095 4,871 4,106

Computer Systems Networking/ Telecommunications 11.0901 20 20 14,142 14,249 5,336 5,120

Cooking and Related Culinary Arts 12.0500 23 23 18,714 17,950 4,314 5,427

Cosmetology 12.0401 23 23 11,851 11,864 6,443 6,472

Criminal Justice/Law Enforcement 43.0103 12 10 12,623 12,148 3,030 3,117

Dental Assistant 51.0601 12 12 14,124 14,124 3,645 3,645

Diagnostic Medical Sonography 51.0910 12 11 32,957 32,476 7,494 7,663

English as a Second Language 13.1401 20 15 5,266 5,422 3,168 3,053


Legal Administrative Assistant 22.0301 14 12 14,597 14,039 2,628 2,958

Legal Assistant/Paralegal 22.0302 32 32 15,606 15,606 2,443 2,443

Massage Therapy 51.3501 26 24 14,196 14,537 4,231 4,228

Medical Administrative Assistant 51.0716 29 27 14,423 14,479 3,736 3,925

Medical Insurance Coding Specialist/Coder 51.0713 28 25 12,759 14,290 5,917 4,075

Medical Insurance Specialist/Medical Biller 51.0714 39 45 14,630 14,377 3,135 2,988

Medical Office Assistant 51.0710 41 39 16,524 16,514 5,004 5,413

Medical/Clinical Assistant 51.0801 81 79 13,965 14,618 4,175 2,994

Nursing/Patient Care Assistant 51.1614 13 11 10,574 11,386 7,741 8,032

Pharmacy Assistant 51.0805 37 34 11,821 12,864 4,916 3,541

Phlebotomy 51.1009 17 16 7,215 7,616 4,511 4,392

Web Page and Digital/Multimedia Design 11.0801 9 10 17,870 18,560 7,014 6,964

CERTIFICATE

24

DIPLOMA


DAY EVENING


DAY EVENING


DAY EVENING

Accounting 52.0301 174 152 14,877 15,206 5,569 5,958


Aesthetician/Esthetician and Skin Care Specialist 12.0409 30 29 10,281 10,197 2,050 2,034

Automotive Mechanics Technology 47.0604 16 16 16,096 16,096 7,115 7,115

Baking and Pastry Arts 12.0501 23 17 18,989 14,950 9,759 7,553


Barbering/Barber 12.0402 22 22 9,991 9,625 3,324 3,916



Cardiovascular Technology 51.0901 16 16 26,641 26,641 8,674 8,674

Computer and Information Systems Security 11.1003 13 14 21,948 21,252 3,107 3,743

Computer Installation and Repair Technology 47.0104 39 37 12,066 12,268 4,664 4,880

Computer Software and Media Applications 11.0899 23 18 12,843 12,089 2,928 2,694


Computer Systems Technology 15.1202 40 40 12,444 12,419 4,764 4,742


Cosmetology 12.0401 81 70 12,674 12,610 5,835 5,907

Court Reporting 22.0303 18 17 31,512 34,937 16,117 19,597


Data Entry/Microcomputer Applications 11.0601 44 40 9,138 8,986 3,339 3,373

Data Processing Technology 11.0301 24 22 11,731 11,729 1,900 1,986



Drafting and Design Technology 15.1301 13 13 12,890 12,890 5,798 5,798

Electrical/Electronics Maintenance and Repair Technician 47.0199 45 45 12,197 12,204 3,823 3,823

Emergency Medical Technology 51.0904 15 15 10,023 10,023 4,745 4,745

Health and Physical Education/Fitness 31.0599 16 16 16,246 16,246 5,770 5,770

Heating, A/C and Refrigeration Technology 15.0501 37 38 13,080 13,287 4,697 4,886


25


DAY EVENING


DAY EVENING


DAY EVENING

Human Resources Management 52.1001 12 12 23,320 23,320 1,075 1,075

Information Technology 11.0103 27 26 10,131 10,323 2,317 2,134



Licensed Practical/Vocational Nurse 51.1613 45 35 22,417 21,656 6,515 7,479

Massage Therapy 51.3501 176 174 16,358 16,416 4,232 4,227





Medical Transcription 51.0708 30 29 12,277 12,158 3,212 3,415


Nail Technician/Specialist and Manicurist 12.0410 14 14 7,239 7,390 2,823 2,791

Nursing 51.1601 11 8 24,020 25,308 11,298 12,799

Nursing/Patient Care Assistant 51.1614 57 54 12,706 12,345 6,619 6,414


Phlebotomy 51.1009 21 21 12,039 12,039 5,148 5,148

Plumbing Technology 46.0503 11 11 7,103 7,102 1,861 1,861

Radiologic Technology 51.0911 12 11 21,061 19,796 7,164 5,622

Respiratory Therapy Assistant 51.0812 12 11 13,198 11,438 8,722 6,543

Security/Loss Prevention Services 43.0109 12 11 13,549 14,127 7,262 7,322

Surgical Technology 51.0909 38 34 19,029 18,980 9,073 9,412

Tourism and Travel Services Management 52.0903 21 12 12,157 10,100 3,786 2,356


Word Processing 11.0602 9 7 9,967 9,393 1,943 1,123

26


OCCUPATIONAL ASSOCIATE’S DEGREE


DAY EVENING


DAY EVENING


DAY EVENING

Accounting 52.0301 69 55 25,954 26,854 6,653 6,994


Banking and Financial Support Services 52.0803 14 14 27,394 27,362 5,350 5,332






Cosmetology 12.0401 15 12 28,069 28,388 6,279 7,018

Court Reporting 22.0303 29 27 36,696 38,882 9,812 12,885



Health Information Technology 51.0707 25 21 26,404 26,533 5,755 6,126





Marketing/Marketing Management 52.1401 27 26 29,247 29,807 5,484 4,738

Massage Therapy 51.3501 40 38 29,496 29,720 6,496 6,606








27

ACADEMIC ASSOCIATE’S DEGREE


DAY EVENING


DAY EVENING


DAY EVENING

Accounting 52.0301 176 171 31,625 31,781 8,832 9,041


Advertising 09.0903 10 10 41,353 41,353 1,655 1,655

Baking and Pastry Arts 12.0501 16 11 49,047 44,475 10,255 9,034



Cardiovascular Technology 51.0901 18 18 32,032 32,032 6,740 6,740

Cinematography and Film/Video Production 50.0602 11 7 44,254 37,381 10,469 4,981



Computer Drafting and Design 15.1302 137 137 46,660 46,667 3,652 3,628

Computer Engineering Technology 15.1201 13 13 42,058 42,194 6,312 6,198

Computer Programming 11.0201 109 103 44,081 45,102 7,770 6,639

Computer Science 11.0701 18 18 36,030 34,993 6,837 7,776







Design and Visual Communications 50.0401 102 102 47,574 47,574 5,382 5,382


Drafting and Design Technology 15.1301 24 24 36,981 37,086 5,692 5,707

Early Childhood Education 13.1210 15 16 27,540 26,455 7,002 8,037

Electrical/Electronics Maintenance and Repair Technician 47.0199 11 11 27,327 27,395 7,495 7,575

Fashion Merchandising 52.1902 25 20 36,401 33,950 8,569 6,976

Fashion/Apparel Design 50.0407 19 14 42,898 38,932 9,174 6,033

General Studies 24.0102 10 4 25,121 10,995 9,880 1,962

Graphic Design 50.0409 78 60 39,105 37,361 10,647 8,828

Health and Physical Education/Fitness 31.0599 11 11 41,726 41,726 6,762 6,762

Health Care Administration/Management 51.0701 40 39 26,903 27,208 4,803 4,456

Health Information Technology 51.0707 48 48 34,570 34,570 10,503 10,503


28



DAY EVENING


DAY EVENING


DAY EVENING

Hotel/Motel Administration/Management 52.0904 10 8 32,262 32,112 4,348 4,239



Interior Design 50.0408 22 19 40,215 38,645 9,714 9,273



Marketing/Marketing Management 52.1401 27 27 37,766 37,750 5,012 5,006

Massage Therapy 51.3501 55 54 34,933 34,736 7,015 7,970






Nursing 51.1601 17 14 40,113 41,996 11,692 10,689

Nursing/Registered Nurse 51.3801 43 36 42,328 44,412 16,368 16,600

Occupational Therapist Assistant 51.0803 13 11 33,865 33,680 3,043 3,250


Radiologic Technology 51.0911 14 13 32,238 30,959 13,454 13,087


System Administration 11.1001 23 23 25,534 25,534 5,993 5,993

Tourism and Travel Services Management 52.0903 12 6 21,714 19,842 7,196 10,212

Veterinary/Animal Health Technology 51.0808 38 34 37,468 38,414 9,978 10,118


Web/Multimedia Management 11.1004 11 11 40,058 40,058 10,507 10,507

ACADEMIC ASSOCIATE’S DEGREE (CONTINUED)

29


DAY EVENING


DAY EVENING


DAY EVENING

Accounting 52.0301 62 62 65,189 64,767 16,299 16,617

Advertising 09.0903 15 10 79,964 74,170 12,533 10,515

Animation/Interactive Technology/Video Graphics 10.0304 116 99 84,405 82,547 9,346 11,782


Cinematography and Film/Video Production 50.0602 18 10 84,193 83,800 20,967 9,938



Computer Graphics 11.0803 17 10 77,393 62,818 28,657 31,715

Computer Programming 11.0201 80 81 86,390 85,308 11,540 12,761

Computer Science 11.0701 16 15 67,084 67,455 19,654 17,529


Construction Management 52.2001 113 111 86,611 86,776 7,179 6,958



Design and Visual Communications 50.0401 14 11 79,527 77,403 8,683 6,571

E-Commerce 52.0208 21 21 85,506 85,506 7,649 7,649

Fashion Merchandising 52.1902 29 20 79,575 75,756 12,820 12,205

Fashion/Apparel Design 50.0407 20 14 79,711 73,199 17,050 15,821

General Studies 24.0102 23 5 59,090 26,118 12,260 15,309

Graphic Design 50.0409 40 32 99,789 77,118 131,496 16,713

Health Care Administration/Management 51.0701 91 92 62,223 61,903 11,834 11,914


Interior Design 50.0408 43 34 76,763 75,651 19,439 17,527


Nursing/Registered Nurse 51.3801 12 11 55,452 59,135 44,285 44,476

Photography 50.0605 16 11 86,835 86,135 5,847 6,633


Teacher Education 13.1206 12 11 21,181 21,749 2,836 2,142


BACHELOR’S DEGREE

MASTER’S DEGREEProgram Program Code Number of Programs

DAY EVENINGAverage Contact Hours DAY EVENING

Standard Deviation DAY EVENING


30

The summary data were supplied by ACICS-accredited institutions through the Annual Financial Report (AFR). The AFR, which is an unaudited statement, is submitted each year 180 days after the conclusion of the institution’s fiscal year. This document includes statements collected for the fiscal year-end dates from July 31, 2009 through June 30, 2010.

The ratios are derived from total institutional revenues and expenses aggregated to illustrate operating figures and averages of all member institutions, both for-profit and not-for-profit institutions. They do not purport to be industry-wide statistics. The chart of accounts used is prescribed by ACICS. Nearly all of the reported results are veri-fied by audited financial statements. All results are reported using the accrual method of accounting.

Multiple institutions can be owned or controlled by one corporation. This results in fewer balance sheets to sum-marize than income statements.

ANNUAL FINANCIAL REPORT DATA

31

INCOME STATEMENTTOTAL EDUCATIONAL REVENUE < $999,999

Average (in $)

All Credential Levels

N = 90

Non-Degree

N = 32

Academic Associate’s Degree

N = 23

Bachelor’s DegreeN = 17

Master’s Degree N = 4

Gross Tuition 506,341 390,087 625,647 255,114 689,749

Gross Contract Revenue 2,206 123,738 8,027 0 0

(Less Tuition Refunds) 42,235 20,319 43,998 40,835 27,866

(Less Textbook Expense) 17,536 8,957 18,782 2,825 11,029

TOTAL EDUCATIONAL REVENUES 448,776 484,549 570,894 211,454 650,854

Instructional Salaries 124,905 147,731 160,768 72,293 161,579

Instructional Expenses 35,291 28,014 58,549 25,290 62,273

Student Recruitment 155,443 85,400 134,686 362,940 144,656

Depreciation of Equipment 22,757 12,033 28,647 40,661 19,375

Occupancy Expense 131,362 91,468 118,131 243,318 144,305

Administrative Salaries 78,979 70,645 111,495 80,010 109,582

Officer Salaries 24,804 29,839 39,186 16,956 26,709

Administrative Expense 115,324 100,349 187,123 101,382 92,439

Student Personnel Services 13,432 10,729 21,342 15,643 40,545

TOTAL EDUCATIONAL EXPENSES 702,298 576,209 859,926 958,495 801,463

Educational Income -253,522 -91,660 -289,032 -747,040 -150,610

Net Dormitory Income 0 0 0 0 0

Net Bookstore Operations 9,038 4,529 16,850 17,673 15,453

Net Interest Income Expense 389 -10,973 1,621 178 -140

Other Income Expense 8,299 26,885 24,674 6,057 50,315

Net Extraordinary & Unusual Income & Expense -782 -6,271 5,665 0 0

TOTAL OTHER INCOME AND EXPENSE 16,944 14,169 48,811 23,908 65,628

NET INCOME BEFORE INCOME TAXES -236,577 -77,491 -240,221 -723,132 -84,982

(Federal and State Income Taxes) -41,299 -13,489 -47,267 -107,915 -47,216

NET INCOME AFTER TAXES -195,279 -64,003 -192,954 -615,217 -37,766

N = total number of income statements

32

INCOME STATEMENTTotal Educational Revenue $1,000,000 - $ 9,999,999 Average (in $)

All Creden-tial Levels N = 479

Non-Degree N = 111

Occupational Associate’s Degree

N = 119


N = 128

Bachelor’s Degree N = 113

Gross Tuition 4,962,647 4,196,824 4,698,139 5,111,579 6,124,247

Gross Contract Revenue 14,669 12,027 9,734 1,012 246

(Less Tuition Refunds) 239,792 155,152 112,115 205,792 440,761


TOTAL EDUCATIONAL REVENUES 4,624,984 3,931,385 4,470,096 4,783,098 5,603,613

Instructional Salaries 855,644 795,021 828,490 876,153 944,751


Student Recruitment 792,566 547,462 586,150 820,022 1,258,468

Depreciation of Equipment 108,055 75,951 99,752 111,566 146,094

Occupancy Expense 533,992 477,135 460,983 553,466 643,545

Administrative Salaries 463,617 430,531 464,467 449,879 480,719


Administrative Expense 815,832 756,949 742,944 953,385 806,647


TOTAL EDUCATIONAL EXPENSES 4,009,761 3,450,169 3,605,513 4,198,738 4,797,396

Educational Income 615,223 481,216 864,583 584,360 806,217

Net Dormitory Income 2,809 0 822 6,300 1,306

Net Bookstore Operations 56,110 6,083 34,588 76,950 97,737

Net Interest Income Expense -11,859 -28,852 -12,167 -6,332 -13,475

Other Income Expense 3,160 -36,998 4,739 15,793 26,810

Net Extraordinary & Unusual Income & Expense -15,150 -171 -8,899 -4,670 -7,921

TOTAL OTHER INCOME AND EXPENSE 35,070 -59,939 19,082 88,042 104,457

NET INCOME BEFORE INCOME TAXES 650,293 421,277 883,665 672,402 910,673

(Federal and State Income Taxes) 9,034 35,185 37,925 -11,482 -2,992

NET INCOME AFTER TAXES 641,260 386,092 845,740 683,884 913,665


33

INCOME STATEMENTTotal Educational Revenue $10,000,000- $60,000,000

Average (in $)

All Credential Levels

N = 206

Non-Degree

N = 22

Occupational Associate’s Degree

N = 7


N = 36

Bachelor’s Degree

N = 115

Gross Tuition 34,348,783 14,096,504 13,698,897 16,497,333 40,945,459

Gross Contract Revenue 73,401 1,047 0 367,719 399

(Less Tuition Refunds) 1,216,157 294,167 2,004,324 850,982 1,476,365


TOTAL EDUCATIONAL REVENUES 32,922,236 13,535,764 11,462,661 15,611,925 39,220,984

Instructional Salaries 4,471,511 1,959,512 1,904,759 2,580,730 5,145,837


Student Recruitment 7,985,305 1,574,351 1,542,848 2,292,980 10,458,815

Depreciation of Equipment 901,175 205,861 95,294 252,353 1,153,514

Occupancy Expense 2,224,228 1,124,963 1,346,689 1,530,018 2,435,533

Administrative Salaries 2,967,020 1,222,771 734,660 1,391,580 3,471,475


Administrative Expense 6,130,104 3,155,309 2,397,967 2,370,716 7,243,708


TOTAL EDUCATIONAL EXPENSES 26,569,175 10,146,619 9,076,153 11,830,625 31,882,770

Educational Income 6,353,061 3,389,145 2,386,509 3,781,300 7,338,214

Net Dormitory Income 18,903 0 0 8,399 20,078

Net Bookstore Operations 392,587 -143,350 302,035 271,397 492,893

Net Interest Income Expense -47,984 -100,526 101,069 36,998 -67,297

Other Income Expense 23,756 -59,353 -425,866 -74,201 152,959

Net Extraordinary & Unusual Income & Expense -462,261 -90,663 0 -64 -632,249

TOTAL OTHER INCOME AND EXPENSE -74,998 -393,892 -22,762 242,529 -33,616

NET INCOME BEFORE INCOME TAXES 6,278,063 2,995,253 2,363,747 4,023,829 7,304,599

(Federal and State Income Taxes) 873,170 501,175 676,513 506,012 1,040,837

NET INCOME AFTER TAXES 5,404,893 2,494,079 1,687,233 3,517,817 6,263,761


*Doctoral program information not included due to limited number of income statements from 2009-2010

34

BALANCE SHEETS - ASSETS

All Entities N = 11

Non- degree Granting Entities N = 6

Degree-Granting Entities N = 5

Cash on Hand - Unrestricted -1% -3% 0%

Cash - Restricted 0% 0% 0%

A/R Students - Net -11% -10% -12%

A/R - Related Parties 0% 0% 0%

A/R Other -0% -0% -1%

N/R Related Parties 0% 0% 0%

N/R Other 0% 0% 0%

Inventory Books and Supplies -2% -3% -0%

Temporary Investments 0% 0% 0%

Current Prepaid Expense -4% -2% -6%

Other Current Assets -4% -1% -8%

TOTAL CURRENT ASSETS -23% -19% -27%

Buildings 0% 0% 0%

(Accumulated Depreciation) 0% 0% 0%

Furniture and Equipment -36% -31% -42%


Leasehold Improvements -106% -146% -56%

(Amortization) 28% 34% 21%

Library -1% -0% -1%


Land 0% 0% 0%

Other Fixed Assets -2% -3% -1%


TOTAL FIXED ASSETS -97% -132% -53%

Deposits -0% -1% 0%

Other Prepaid Expenses -0% 0% -0%

Goodwill 0% 0% 0%

Revolving Book Account 0% 0% 0%

SFA Matching Funds 0% 0% 0%

Other Assets 220% 252% 181%

TOTAL OTHER ASSETS 220% 251% 181%

TOTAL ASSETS 100% 100% 100%

N= total number of balance sheets Note: Subtotals may vary due to rounding to the nearest tenth.

NEGATIVE TOTAL ASSETS

35

BALANCE SHEET - LIABILITIES AND EQUITYNEGATIVE TOTAL ASSETS

All Entities N = 11

Nondegree-Granting Entities N = 6


Accounts Payable Trade -9% -5% -17%

Notes Payable Equipment 0% 0% 0%

Notes Payable Other 0% 0% 0%

Tuition Refunds Payable -0% -0% -1%

Current Portion of Long Term Debt 0% 0% 0%

Payroll Taxes Payable 0% 0% 0%

Accrued Salaries and Wages -0% -0% -0%

Unearned Tuition -35% -32% -41%

Unearned Dormitory Fees 0% 0% 0%

Other Current Liabilities -17% -9% -35%

TOTAL CURRENT LIABILITIES -61% -46% -94%

Notes or Bonds Payable 0% 0% 0%

Mortgage Payable 0% 0% 0%

Other Long-Term Liabilities -42% -36% -54%

TOTAL LONG-TERM LIABILITIES -42% -36% -54%

TOTAL LIABILITIES -103% -83% -148%

Preffered Stock 0% 0% 0%

Common Stock 0% 0% 0%

Other Equity 0% 0% 0%

Retained Earnings

Beginning Balance 178% 167% 203%

Earnings and Loss for Year 25% 16% 45%

(Dividends) 0% 0% 0%

Other R/E Changes 0% 0% 0%

Ending Balance 203% 183% 248%

TOTAL STOCKHOLDERS EQUITY 203% 183% 248%

TOTAL LIABILITIES AND EQUITY 100% 100% 100%

N= total number of balance sheets

36


All Entities N = 237

Non- degree Granting Entities N = 116


Cash on Hand - Unrestricted 19% 18% 20%


A/R Students - Net 19% 23% 15%


A/R Other 1% 1% 1%


N/R Other 0% 0% 0%

Inventory Books and Supplies 2% 2% 2%


Current Prepaid Expense 1% 1% 1%

Other Current Assets 3% 1% 4%

TOTAL CURRENT ASSETS 49% 53% 46%

Buildings 6% 4% 7%

(Accumulated Depreciation) -2% -1% -3%

Furniture and Equipment 25% 23% 27%


Leasehold Improvements 21% 13% 27%

(Amortization) -8% -6% -9%

Library 1% 0% 2%


Land 1% 1% 1%

Other Fixed Assets 5% 3% 7%


TOTAL FIXED ASSETS 29% 19% 38%

Deposits 1% 1% 1%

Other Prepaid Expenses 0% 0% 0%

Goodwill 4% 5% 4%







TOTAL ASSETS < 10,000,000

37

BALANCE SHEET - LIABILITIES AND EQUITYTOTAL ASSETS < 10,000,000




Accounts Payable Trade 4% 5% 4%



Tuition Refunds Payable 1% 1% 0%



Accrued Salaries and Wages 1% 1% 2%

Unearned Tuition 20% 25% 16%


Other Current Liabilities 6% 3% 8%

TOTAL CURRENT LIABILITIES 34% 37% 31%



Other Long-Term Liabilities 8% 5% 11%

TOTAL LONG-TERM LIABILITIES 13% 7% 17%

TOTAL LIABILITIES 46% 44% 48%

Preffered Stock -0% -1% 0%


Other Equity 22% 13% 29%

Retained Earnings




Other R/E Changes -5% -4% -5%





38





Cash on Hand - Unrestricted 11% 10% 11%


A/R Students - Net 7% 6% 8%


A/R Other 3% 5% 1%


N/R Other 0% 0% 0%

Inventory Books and Supplies 1% 1% 0%


Current Prepaid Expense 1% 1% 1%

Other Current Assets 1% 1% 1%

TOTAL CURRENT ASSETS 28% 26% 31%

Buildings 12% 15% 8%


Furniture and Equipment 21% 25% 14%


Leasehold Improvements 7% 3% 11%

(Amortization) -3% -1% -5%

Library 0% 0% 0%


Land 2% 2% 2%

Other Fixed Assets 1% 1% 1%


TOTAL FIXED ASSETS 21% 21% 21%

Deposits 0% 0% 0%

Other Prepaid Expenses 0% 0% 0%

Goodwill 12% 10% 15%







TOTAL ASSETS ≥ 10,000,000

39

BALANCE SHEET - LIABILITIES AND EQUITYTOTAL ASSETS ≥ 10,000,000




Accounts Payable Trade 3% 3% 4%



Tuition Refunds Payable 0% 0% 0%



Accrued Salaries and Wages 2% 3% 1%

Unearned Tuition 8% 8% 9%


Other Current Liabilities 4% 4% 4%

TOTAL CURRENT LIABILITIES 19% 19% 19%



Other Long-Term Liabilities 8% 10% 6%

TOTAL LONG-TERM LIABILITIES 20% 25% 14%

TOTAL LIABILITIES 39% 44% 33%

Preffered Stock 0% 0% 0%


Other Equity 5% 12% -4%

Retained Earnings




Other R/E Changes -0% 2% -2%





40

ANALYSIS OF BALANCE SHEET *NEGATIVE TOTAL ASSETS

All Entities N = 10



Current Ratio current assets/current liabilities

1.82 2.86 0.26

Acid Test Ratio current assets - (inventory + prepaid expenses)/current liabilities

1.76 2.76 0.17

Debt-to-Equity Ratio total liabilities/total stockholders equity

-0.51 -0.46 -0.58

TOTAL ASSETS < 10,000,000All Entities N = 236




2.36 2.18 2.56


2.19 1.97 2.41


0.94 1.13 0.76

TOTAL ASSETS ≥ 10,000,000All Entities N = 132




1.97 1.88 2.01


1.85 1.77 1.87


1.42 3.50 0.72

N = total number of balance sheets

* All results are averages based on total number of entities per category

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