New Report: Financial Health for Private Masters and BACC Institutions
MCLEAN, Va., Oct. 15, 2018 /PRNewswire/ -- Attain, LLC, a leading management, technology and strategy consulting firm, published today a report titled Our Prognosis of the Current State of Financial Health for Private Masters and BACC Institutions by Ron Salluzzo, Partner, Higher Education, Attain, and Phil Tahey, a long-time financial consultant to higher education institutions.
Detailing the financial health of Private Baccalaureate and Masters colleges and universities, the report describes serious financial conditions at over 60% of these smaller private institutions. Using their higher education institution financial health assessment methodology described in the Strategic Financial Analysis in Higher Education series, co-authored by Salluzzo and Tahey along with KPMG LLP and Prager & Co., LLC, the authors analyzed financial information from 2013 to 2017 of approximately 315 of these institutions (36% of the total number).
Their analysis indicates that 31% of these institutions are under severe financial stress (i.e., in poor health), while another 32% are at significant financial risk (i.e., fragile health). It also indicates a quickening, broadening dichotomy in financial health between the wealthiest and least wealthy of these institutions.
The report also calls for more-detailed, immediate financial assessments by these institutions and urges their boards of trustees to take significant and meaningful actions. It offers several recommendations for areas to review, including ensuring that all of an institution's tuition revenue-producing strategies (i.e., pricing, discounting, recruitment and retention) are working together effectively and holistically, assessing financial performance at the major or program level, and considering whether merger or affiliation may be the best course of action for their current and future students.
This report is available free of charge at http://bit.ly/2yE5GXM.
SOURCE Attain, LLC
Share this article