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AISGW gratefully a cknowledges our sponsor. School Budgets in a Tough Financial Climate AND An Introduction to Purchasing Point. Financial Trends in Independent Schools. Tom Sneeringer, CPA Audit Partner Not-For-Profit Services Group . 2009 Ratio Analysis Report.

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aisgw gratefully a cknowledges our sponsor
AISGW gratefully acknowledges our sponsor

School Budgets in a Tough Financial Climate

AND

An Introduction to

Purchasing Point

financial trends in independent schools

Financial Trends in Independent Schools

Tom Sneeringer, CPAAudit PartnerNot-For-Profit Services Group

2009 ratio analysis report
2009 Ratio Analysis Report
  • Annual Service provided by RSM McGladrey
  • Approximately 50 schools from the Washington-Baltimore Region participated in the survey
  • Non-clients are welcome to participate (see Tom Sneeringer)
  • Confidential (code provided to school)
  • 35 key ratios
  • 4 levels of summarization
key ratios for discussion
Key Ratios for Discussion
  • Tuition as a Percent of Total Unrestricted Revenue
  • Financial Aid as a Percent of Gross Tuition Revenue
  • Contributions and Giving as a Percent of Total Revenue
  • Instructional Salaries as a Percent of Tuition (Net)
  • Development Salaries as a Percent of Related Revenue
  • Total Salaries as a Percent of Total Unrestricted Revenue
  • Expenditures per Student
  • Investment Income as a Percent of Investments
  • Participating Schools and Enrollment
  • Percent of Students Receiving Financial Aid
  • Debt to Equity Ratio
participating schools and enrollment
Participating Schools and Enrollment
  • 29 of 47 schools reported drops in enrollment between FY08 to FY09.
  • Net down 164 (.6%) students for all schools in the survey –
  • Down schools had 376 down (2.1%).
  • The up schools had 212 increase (2.7%)
  • Three schools had no change
take aways
Take Aways
  • FY09 – we saw the early effects of the economy (etc.) on student enrollment and contributions
  • Expenses mostly committed to as of 7/1/08 – ability to reduce mid-stream difficult for the industry
  • FY10 will be very interesting to see on many fronts
for more information please contact
For more information please contact:

Tom Sneeringer, CPA

Audit Partner

Not-For-Profit Services Group

[email protected]

301-296-3642

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