NVI Technical College Information

Financial Feasibility

Historical Revenue, Expenses, Usage and Financial Ratios Table

Historical Usage Year

2008

2009

2010

2011

2012

No. Students

1,158

1,176

1,420

1,347

1,221

Year

2013

2014

2015

2016

2017

No. Students

976

742

405

312

313

Year

2018

No. Students

160

Historical Revenue, Expenses, Ratios Year

2008

2009

2010

2011

2012

A

Revenue

$43,230,456

100.0% $43,902,432

100.0% $53,011,440

100.0% $50,286,204

100.0% $45,582,372

Total Expenses (Less Lease)

$14,706,960

34.0% $16,309,500

37.1% $18,931,380

35.7% $18,341,400

36.5% $17,294,400

Net Income

$28,523,496

66.0% $27,592,932

62.9% $34,080,060

64.3% $31,944,804

63.5% $28,287,972

No. Sudents

1,158

1,176

1,420

1,347

1,221

Net Income/Student

24,632

23,463

24,000

23,716

23,168

Year

2013

2014

2015

2016

2017

Revenue

$36,436,032

100.0% $27,700,344

100.0% $17,768,160

100.0% $13,688,064

100.0% $13,731,936

Total Expenses (Less Lease)

$15,767,370

43.3% $11,593,350

41.9% $5,643,600

31.8% $3,411,300

24.9% $3,075,300

Net Income

$20,668,662

56.7% $16,106,994

58.1% $12,124,560

68.2% $10,276,764

75.1% $10,656,636

No. Sudents

976

742

405

312

313

Net Income/Student

21,177

21,708

29,937

32,938

34,047

Year

2018

Revenue

$3,509,760

100.0%

Total Expenses (Less Lease)

846,150

24.1%

Net Income

$2,663,610

75.9%

No. Sudents

160

Net Income/Student

$16,648

Source: Wert-Berater Feasibility Studies, LLC, historical financial statements provided by the Management of the Company

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