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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


Tuition as a percent of total unrestricted revenue

Tuition as a Percent of Total Unrestricted Revenue


Financial aid as a percent of gross tuition revenue

Financial Aid as a Percent of Gross Tuition Revenue


Contributions and giving as a percent of total revenue

Contributions and Giving as a Percent of Total Revenue


Instructional salaries as a percent of tuition net

Instructional Salaries as a Percent of Tuition (Net)


Development salaries as a percent of related revenue

Development Salaries as a Percent of Related Revenue


Total salaries as a percent of total unrestricted revenue

Total Salaries as a Percent of Total Unrestricted Revenue


Expenditures per student

Expenditures per Student


Investment income as a percent of investments

Investment Income as a Percent of Investments


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


Percent of students receiving financial aid

Percent of Students Receiving Financial Aid


Debt to equity ratio

Debt to Equity Ratio


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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