NVI Technical College Information

Economic Feasibility

Availability of Trained or Trainable Labor

Company Labor Scheme

Annual Base Salary

Count Position

% of Total

Subject Project Staffing

1 Campus President/CEO

$140,000

6.7%

The subject project is in the stabilizing years.

The base labor

1 Campus Director/Academic Dean

$85,000

4.1%

1 Director of Operations

$100,000

4.8%

scheme provided changes based on the enrollment.

1 VP of Admissions and Marketing

$80,000

3.8%

1 VP of Compliance

$80,000

3.8%

1 Director of Student Finance

$80,000

3.8%

In the 2024-2025 period the estimated payroll cost is $1,634,766 for

1 Director of Career Services

$75,000

3.6%

a total of 820 students for the period.

1 Registrar

$45,000

2.2%

1 Core Department Coordinator

$60,000

2.9%

A

1 Specialty Department Coordinator

$60,000

2.9%

For 2025-2026, the management of the Company based on

1 Administrator

$40,000

1.9%

1 Administrator

$40,000

1.9%

contracts in-place and under negotiations estimated payroll at

1 Sales and Marketing Associate

$40,000

1.9%

about $3,269,531 for a total of about 1,640 students.

10 10 Instructors @ 55K

$550,000

26.3%

Subtotal Base Salaries

$1,475,000

70.6%

Benefits

$385,000

18.4%

The base cost for labor was estimated at about $2,090,640 which is

Subtotal Base Salaries With Benefits

$1,860,000

89.0%

presented in the following table. The amount varies as indicated

FICA

12.4% $230,640

11.0%

based on the number of students enrolled.

See the Financial

23 Total Base Salaries, Benefits & FICA

$2,090,640

100.0%

Feasibility section of this report for pro forma which includes this

Staff to Student Ratio Number of Students Estimated

item as the subject project stabilizes.

400

Ratio

17.39x

Source: Wert-Berater Feasibility Studies, LLC

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