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AISGW gratefully a cknowledges our sponsor

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

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  1. AISGW gratefully acknowledges our sponsor School Budgets in a Tough Financial Climate AND An Introduction to Purchasing Point

  2. Financial Trends in Independent Schools Tom Sneeringer, CPAAudit PartnerNot-For-Profit Services Group

  3. 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

  4. 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

  5. Tuition as a Percent of Total Unrestricted Revenue

  6. Financial Aid as a Percent of Gross Tuition Revenue

  7. Contributions and Giving as a Percent of Total Revenue

  8. Instructional Salaries as a Percent of Tuition (Net)

  9. Development Salaries as a Percent of Related Revenue

  10. Total Salaries as a Percent of Total Unrestricted Revenue

  11. Expenditures per Student

  12. Investment Income as a Percent of Investments

  13. 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

  14. Percent of Students Receiving Financial Aid

  15. Debt to Equity Ratio

  16. 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

  17. For more information please contact: Tom Sneeringer, CPA Audit Partner Not-For-Profit Services Group tom.sneeringer@rsmi.com 301-296-3642

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