Board of Trustee Accountability Data
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The Primary Reserve Ratio provides a snapshot of financial strength and flexibility by indicating how long the institution could function using its expendable net position (both unrestricted and restricted, excluding net position restricted for capital investments) without relying on additional net position generated by operations. This ratio is calculated as follows:
Expendable Net Position*/Total Expense
* Excluding net position restricted for capital investments
Data illustrate UMS is close to its benchmark for the last five years.
The Net Operating Revenues Ratio is a measure of operating results and answers the question, “Do operating results indicate that the University is living within available resources?” Operating results either increase or decrease net position and, thereby, impact the other three core ratios: Primary Reserve, Return on Net Position, and Viability. This ratio is calculated as follows:
Operating Income (Loss) plus Net Non‐Operating Revenues (Expenses) / Operating Revenues plus Non‐Operating Revenues
Data illustrate UMS is out of its benchmark range but trending toward a positive correction.
The Return on Net Position Ratio measures asset performance and management. It determines whether an institution is financially better off than in the previous year by measuring total economic return. It is based on the level and change in total net position. An improving trend in this ratio indicates that the institution is increasing its net position and is likely to be able to set aside financial resources to strengthen its future financial flexibility. This ratio is calculated as follows:
Change in Net Position /Total Beginning of the Year Net Position
Data illustrate UMS is below its benchmark and is trending down.
The Viability Ratio measures expendable resources that are available to cover debt obligations (e.g., capital leases, notes payable, and bonds payable) and generally is regarded as governing an institution’s ability to assume new debt. This ratio is calculated as follows:
Expendable Net Position* / Long‐Term Debt
* Excluding net position restricted for capital investments
Data illustrate UMS is close to its benchmark but currently trending up.
The Composite Financial Index (CFI) creates one overall financial measurement of the institution’s health based on the four core ratios: primary reserve ratio, net operating revenues ratio, return on net position ratio, and viability ratio. By blending these four key measures of financial health into a single number, a more balanced view of the state of the institution’s finances is possible because a weakness in one measure may be offset by the strength of another measure. The CFI is calculated by completing the following steps:1. Compute the values of the four core ratios;
2. Convert the ratio values to strength factors along a common scale;
3. Multiply the strength factors by specific weighting factors; and
4. Total the resulting four numbers (ratio scores) to reach the single CFI score.
Data illustrate UMS is close to its benchmark but fluctuating above and below the benchmark over time.
UMS has a AA- Standard and Poors debt rating; meaning UMS has a very high capacity to repay its loans due to financial position and attitude towards repaying debt. UMS is considered to have a very low chance of defaulting. A “stable outlook” means that a rating is not likely to change.
Data illustrate net revenue of student fees, auxiliary, and appropriation over time. The data fluctuates between 450 million and 475 million.
Data illustrate the number of students who were enrolled in high school, graduated high school, and enrolled in UMS. In 2016 there were 14k enrolled in high school. The trend is markedly down from 2008 which had 16k students enrolled in high school. In 2016 12k student graduated high school and 4k enrolled in UMS.
Data illustrate the average earnings of UMS students 1, 3, and 5 years after graduation. Doctorate degrees on average earn 65k year 1 and 80k year 5; Master’s degrees earn 48k year 1 and 59k year 5; Bachelor’s degrees earn 33k year 1 and 43k year 5; Associate degrees earn 35k year 1 and 42k year 5.
The NAV Index is an annual statistic that represents the overarching impression of campus condition and is calculated by subtracting the backlog from the current replacement value of the campus and the dividing by the replacement value: NAV Index = (Current Replacement Value – Asset Reinvestment Backlog)/Current Replacement Value. More specifically, it is the percent of campus that is in proper, working condition, or the actual value of a campus physical assets, not including those items that have already been deferred to the asset reinvestment backlog. An NAV Index of 100% is a school or building with no asset reinvestment backlog.
Fall semester credit hours are totaled as of census day each year. Census day normally occurs on October 15, which is well past the beginning of the semester. The Fall semester normally begins at the end of August, around August 28 or 29. The reason for delaying the reporting until census is that it allows time for student drops and withdrawals, so the total semester credit hours will more accurately reflect genuine enrollments. Additionally, using a standard census date throughout the system, allows for comparability at the system level. The graph illustrates semester credit hours across the system are trending down across the past six years and generally under the UMS goal.
Student debt is the total of any loan program: Federal Perkins, Federal Stafford Subsidized and Unsubsidized, institutional, state, private loans that your institution is aware of, including both Federal Direct Student Loans and Federal Family Education Loans for all degree-seeking undergraduates. The graph indicates that undergraduate student debt is below the UMS goal, stable across the past four years, while the national trend is rapidly rising and is significantly higher than UMS.
Metric Tons of Carbon Dioxide Equivalents (MTCDE) divide by 1,000 Gross Square Feet (GSF). The trend for stationary and purchased MTCDE emissions have declined. Stationary went from 2008 at 5.76 to 2017 at 4.62. Purchased went from 2008 at 3.30 to 2017 at 2.02. The twenty year goal for UMS is to have zero emissions.
Each year the UMS Finance team performs a multi-year projection that estimates enrollment, tuition, sees, appropriation, compensation, benefits, capital expenses and non-compensation expenses to calculate the difference between revenues and expenses for future years. The formula is total revenues minus expenses. Where a negative value is a gap and a positive value is a surplus. The prediction indicates more expenses will be needed than revenues generated over the next five year period (i.e., the gap will become larger).
UMS total fundraising dollars for all seven institutions include all gifts such as; cash, checks and negotiable securities, and pledge payments. Gifts-in-kind and pledges receivable are not included in these totals. The trend over of the last seven years waivers around $35 millions dollars and the last three years indicate a decline.
Academic Affairs Related Reports
- 2015-16 Degrees Conferred Report
- Summary of Student Enrollment – Fall 2017
- Summary of Student Enrollment – Spring 2017
- Financial Aid Report – Aid Year 2015
- Student Charges Report – FY2018
- Student Remediation Data – Jan. 2016
- First Generation Student Data – January 2017
- Student-Related — additional reports
Finance and Administration Related Reports
- FY2013 Facilities & Capital Investment Report
- FY2015 Annual Financial Report
- Multi-Year Financial Analysis – FY2015-2019
- Operating Budget & Student Charges – FY2015
- UMS Energy Report
- UMS Carbon Emissions Report
- Finance and Facilities — additional reports
- 2016 Employee Headcount Report – Revised June 2017
- 2015-16 Faculty and Tenure Statistics
- 2017 Salaries of Regular Employees – Updated November 2017
- Human Resources – additional reports