financial ratios and benchmarks fiscal year 2005
TRANSCRIPT
Financial Ratios and Benchmarks
Fiscal Year 2005
Peer Institutions
• Eastern Oregon University• Henderson State University• Lander University• Longwood College• Mary Washington College• SUNY College at Old Westbury• University of Minnesota – Morris• University of North Carolina at Asheville• University of Wisconsin - Parkside
Net Tuition Per Student
Sum of:
Gross tuition and fees revenue
Less Scholarship discount and allowances
Less Scholarship expense
Divided by total FTEs
Indication:
Shepherd: Positive
Peers: Negative
Shepherd 2005
Shepherd 2004
Peer Average
Shepherd 2005 3,250
Shepherd 2004 3,025
Peer Average 4,110
Net Tuition
State Appropriations Per Student FTE
State appropriations
Divided by total FTEs
Indication: Shepherd: Negative Peers: Negative
Shepherd 2005
Shepherd 2004
Peer Average
Shepherd 2005 2,895
Shepherd 2004 2,937
Peer Average 5,545
State Appropriations
Educational Expense Per FTE
Total operating expenses
Divided by total FTEs
Indication:
Shepherd: Positive
Peers: Negative
Shepherd 2005
Shepherd 2004
Peer Average
Shepherd 2005 11,434
Shepherd 2004 11,204
Peer Average 14,683
Educational Expense
Capital Expense to Operations
The sum of:
Depreciation expense
Plus Interest expense
Divided by total operating expenses
Indication:
Peers: Positive
Shepherd 2005
Peer Average
Shepherd 2005 10.01%
Peer Average 8.57%
Capital Expense
Unrestricted Financial Resources to Operations
Unrestricted Net Assets
Divided by total operating expenses
Indication:
Peers: Positive
Shepherd 2005
Peer Average
Shepherd 2005 0.21
Peer Average 0.06
Unrestricted Financial Resources
Expendable Financial Resources to Operations
The sum of:
Unrestricted net assets
Plus Restricted Expendable net assets
Divided by total operating expenses
Indication:
Peers: Positive
0.19
0.20
0.20
0.21
0.21
0.22
0.22
0.23
0.23
0.24
0.24
Shepherd 2005
Peer Average
Shepherd 2005 0.23
Peer Average 0.21
Expendable Financial Resources
Direct Debt Per FTE
Direct Debt
Divided By Total FTEs
Indication:
Shepherd: Negative
Peers: Negative
Shepherd 2005
Shepherd 2004
Peer Average
Shepherd 2005 11,299
Shepherd 2004 3,381
Peer Average 8,317
Direct Debt
Net Operating Margin
Operating surplus (deficit)
Divided by total operating
Revenue plus State
Appropriations
Indication:
Shepherd: Negative
Peers: Negative
FY 2005
FY 2004
Peer Average
FY 2005 5.18%
FY 2004 8.78%
Peer Average 10.70%
Annual Operating Margin
Return on Net Assets
(Increase ) decrease in net assets
Divided by average total net assets
(the sum of beginning and ending net assets divided by 2)
Indication:
Peers: Negative
FY 2005
Peer Average
FY 2005 5.18%
Peer Average 9.80%
Return on Net Assets
Revenue Distribution
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
Shepherd 2005
Shepherd 2004
Peer Average
Shepherd 2005 11,932 10,180 370 40 746 4,661 9,242 680
Shepherd 2004 10,858 8,944 156 34 503 4,079 8,876 710
Peer Average 11,830 9,300 239 0 706 4,986 17,349 1,352
Net Tuition and Fees
Auxiliary Enterprises
Investment income
Sales and Services of Educational
Gifts and Pledges
Grants and Contracts
State Appropriation
Other
Tuition 2005
48%
52%
In State
Out of State