NVI Technical College Information

Financial Feasibility

Pro Forma Assumptions Table 1 – Period 2025-2026

Enrollment, Tuition and Fees Tuition

2025 - 2026

$

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

410

660

240

60

210

60

1640

Tuition

8,200,000 $

$

9,900,000 81.1%

$

3,600,000 81.1%

$

1,500,000 64.4%

$ 3,150,000 81.1%

$ 1,500,000 64.4%

$ 27,850,000 77.0%

74.6%

Non Tuition

$ 2,788,000 25.4%

$

2,310,000 18.9%

$

840,000

$

828,000

$

735,000 18.9%

$

828,000 35.6%

$

8,329,000 23.0%

18.9%

35.6%

Total Revenue

$ 10,988,000 100.0% $ 12,210,000 100.0%

$ 4,440,000 100.0%

$ 2,328,000 100.0% $ 3,885,000 100.0% $ 2,328,000 100.0%

$ 36,179,000 100.0%

Direct Expenses CaC

A

$

549,400 5.0%

$

610,500

$

222,000

$

116,400

$

194,250 5.0%

$

116,400 5.0%

$

1,808,950 5.0%

5.0%

5.0%

5.0%

Student Acq Cost

$

717,500 6.5%

$

1,155,000 9.5%

$

420,000

$

105,000

$

367,500 9.5%

$

105,000 4.5%

$

2,870,000 7.9%

9.5%

4.5%

Student GA (non-tuition employer paid expenses)1,804,000 $ 16.4% $

1,936,000 15.9%

$

704,000

$

528,000

$

616,000 15.9%

$

528,000 22.7%

$

6,116,000 16.9%

15.9%

22.7%

Total Direct Expenses

$ 3,070,900 27.9%

$ 3,701,500 30.3%

$ 1,346,000 30.3%

$

749,400 32.2%

$ 1,177,750 30.3%

$ 749,400 32.2%

$ 10,794,950 29.8%

Gross Income

$ 7,917,100 72.1%

$ 8,508,500 69.7%

$ 3,094,000 69.7%

$ 1,578,600 67.8%

$ 2,707,250 69.7%

$ 1,578,600 67.8%

$ 25,384,050 70.2%

Product Direct Payroll

$

720,703 6.6%

$ 1,207,031 9.9%

679,688 $ 15.3%

$

105,469 4.5%

$ 451,172 11.6%

$ 105,469 4.5%

$

3,269,531 9.0%

Allocated General Expenses (student count method) Insurance $

100,960 0.9%

$

162,520

$

59,098

$

14,775

$

51,711 1.3%

$

14,775 0.6%

$

403,838 1.1%

1.3%

1.3%

0.6%

Employee Reimbursements

$

12,503

$

20,127

$

7,319

$

1,830

$

6,404

$

1,830

$

50,014

0.1%

0.2%

0.2%

0.1%

0.2%

0.1%

0.1%

Non Recurring Exp Budget

$

13,579

$

21,859

$

7,949

$

1,987

$

6,955

$

1,987

$

54,316

0.1%

0.2%

0.2%

0.1%

0.2%

0.1%

0.2%

Prof Svcs

$

30,088

$

48,434

$

17,612

$

4,403

$

15,411 0.4%

$

4,403

$

120,350 0.3%

0.3%

0.4%

0.4%

0.2%

0.2%

Utilities/HQ

$

89,482

$

144,045

$

52,380

$

13,095

$

45,832 1.2%

$

13,095 0.6%

$

357,930 1.0%

0.8%

1.2%

1.2%

0.6%

Software

$

14,075

$

22,658

$

8,239

$

2,060

$

7,209

$

2,060

$

56,301

0.1%

0.2%

0.2%

0.1%

0.2%

0.1%

0.2%

Total General Expenses sans Payroll

$

260,687 2.4%

$

419,643 3.4%

$

152,598 3.4%

$

38,149

$ 133,523 3.4%

$

38,149 1.6%

$

1,042,750 2.9%

1.6%

Net Income

$ 6,935,709 63.1%

$ 6,881,826 56.4%

$ 2,261,715 50.9%

$ 1,434,982 61.6%

$ 2,122,555 54.6%

$ 1,434,982 61.6%

$ 21,071,769 58.2%

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

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