NVI Technical College Information

Financial Feasibility

Pro Forma Assumptions Table 1 – Period 2024-2025

Enrollment, Tuition and Fees Tuition

2024 - 2025

$

20,000

$

15,000

$

15,000

$

25,000

$

15,000

$

25,000

$

16,982

Books, Room & Board, fees

$

6,800

$

3,500

$

3,500

$

13,800

$

3,500

$

13,800

$

5,079

Revenue By Product

90 Day Diesel

6 Wk Diesel

6 Wk Collision

Collision 6 mo

6 wk Auto

6 mo Auto

Total

Students

205

330

120

30

105

30

820

Tuition

$ 4,100,000 74.6%

$ 4,950,000 81.1%

1,800,000 $

$

750,000

$ 1,575,000 81.1%

$ 750,000 64.4%

$ 13,925,000 77.0%

81.1%

64.4%

Non Tuition

1,394,000 $

$ 1,155,000 18.9%

$

420,000

$

414,000

$ 367,500 18.9%

$ 414,000 35.6%

$ 4,164,500 23.0%

25.4%

18.9%

35.6%

Total Revenue

$ 5,494,000 100.0%

$ 6,105,000 100.0%

$ 2,220,000 100.0%

$ 1,164,000 100.0%

$ 1,942,500 100.0%

$ 1,164,000 100.0%

$ 18,089,500 100.0%

Direct Expenses CaC

A

$

274,700 5.0%

$ 305,250 5.0%

$

111,000 5.0%

$

58,200

$

97,125 5.0%

$

58,200 5.0%

$

904,475 5.0%

5.0%

Student Acq Cost

$

358,750 6.5%

$ 577,500 9.5%

$

210,000

$

52,500

$ 183,750 9.5%

$

52,500 4.5%

$ 1,435,000 7.9%

9.5%

4.5%

Student GA (non-tuition employer paid expenses) 902,000 $ 16.4%

$ 968,000 15.9%

$

352,000

$

264,000

$ 308,000 15.9%

$ 264,000 22.7%

$ 3,058,000 16.9%

15.9%

22.7%

Total Direct Expenses

$ 1,535,450 27.9%

$ 1,850,750 30.3%

$

673,000 30.3%

$

374,700 32.2%

$ 588,875 30.3%

$ 374,700 32.2%

$ 5,397,475 29.8%

Gross Income

$ 3,958,550 72.1%

$ 4,254,250 69.7%

$ 1,547,000 69.7%

$

789,300 67.8%

$ 1,353,625 69.7%

$ 789,300 67.8%

$ 12,692,025 70.2%

Product Direct Payroll

$

360,352 6.6%

$ 603,516 9.9%

$

339,844 15.3%

$

52,734

$ 225,586 11.6%

$

52,734 4.5%

$ 1,634,766 9.0%

4.5%

Allocated General Expenses (student count method) Insurance $

100,960 1.8%

$ 162,520 2.7%

$

59,098

$

14,775

$

51,711 2.7%

$

14,775 1.3%

$

403,838 2.2%

2.7%

1.3%

Employee Reimbursements

$

12,503

$

20,127 0.3%

$

7,319

$

1,830

$

6,404 0.3%

$

1,830 0.2%

$

50,014 0.3%

0.2%

0.3%

0.2%

Non Recurring Exp Budget

$

13,579

$

21,859 0.4%

$

7,949

$

1,987

$

6,955 0.4%

$

1,987 0.2%

$

54,316 0.3%

0.2%

0.4%

0.2%

Prof Svcs

$

30,088

$

48,434 0.8%

$

17,612

$

4,403

$

15,411 0.8%

$

4,403 0.4%

$

120,350 0.7%

0.5%

0.8%

0.4%

Utilities/HQ

$

89,482

$ 144,045 2.4%

$

52,380

$

13,095

$

45,832 2.4%

$

13,095 1.1%

$

357,930 2.0%

1.6%

2.4%

1.1%

Software

$

14,075

$

22,658 0.4%

$

8,239

$

2,060

$

7,209 0.4%

$

2,060 0.2%

$

56,301 0.3%

0.3%

0.4%

0.2%

Total General Expenses sans Payroll

$

260,687 4.7%

419,643 $

$

152,598 6.9%

$

38,149

$ 133,523 6.9%

$

38,149 3.3%

$ 1,042,750 5.8%

6.9%

3.3%

Net Income

$ 3,337,511 60.7%

$ 3,231,091 52.9%

$ 1,054,559 47.5%

$

698,416 60.0%

$ 994,516 51.2%

$ 698,416 60.0%

$ 10,014,510 55.4%

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

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