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Post by GlitterBro #2 on Dec 21, 2021 16:04:25 GMT -5
Yeah he had this which isn't last 20 but instead last 8. It's also dollars only and not enrollment. explorertown.proboards.com/post/115591/threadYou can't develop a trend line from that. YoY freshmen enrollment numbers...and I guess total undergraduate enrollment numbers...would be a great find. It's not a doubting thing. I just want to see more than one administration and the last 3 years of the last administration (who coincidentally had a very public event in their favor in that timespan). Revenue is somewhat correlated with enrollment at a school like La Salle whose revenue and operating income is highly dependent on tuition dollars. You can find everything you are looking for here except for enrollment numbers, but the "Program Services" line in their 990s are the tuition and residence hall revenue numbers. It doesn't give you direct enrollment but we know that has been precipitously down from previous postings, but you can extrapolate it as correlated with program services revenue. Remember to adjust for inflation. projects.propublica.org/nonprofits/organizations/231352654
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Post by JoeFedorowicz on Dec 22, 2021 8:40:09 GMT -5
So I used the "Program Services" number in the tax filings to make a little chart. I didn't use total revenue since I didn't want to include contributions. The data definitely does not look kindly on the Hanycz administration. While St. Joe's also is seeing a decline (though starting a year later), it is not as great as La Salle's. How the next 2-3 years look will be very telling. La Salle has reverted back to 2007 levels while Joe's has only gone back to 2015. Threw Glitter's favorite school in there for kicks. What they've done is fascinating. Really exponential growth. If I was in admissions, I'd take a hard look at what kids they're bringing in. Statistically, La Salle serves a more underprivileged and minority population than Duquesne (and Joe's) which is a known fact...but does not come up on the balance sheet. This is very "Lasallian" but won't keep the bills paid. This only took about 20m to collate so if anyone would like a school added I'm happy to do it.
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Post by GlitterBro #2 on Dec 22, 2021 9:35:28 GMT -5
Good stuff, Joe. Those numbers are why I never understood how the BoT could actually renew her contract and increase her compensation. The CEO of a company posting those results compared to peer-companies would not have been renewed. I actually wondered if the BoT ever even looked at these types of things in making decisions. People on here thought I had an axe to grind against her. It was strictly business.
The rough part of this is that this revenue will stay down for a couple of years based on the past 3 years of declining enrollment since a low yielding freshman class actually means 4 bad years of program services revenue from that class.
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Post by JoeFedorowicz on Dec 22, 2021 9:43:38 GMT -5
Those numbers are why I never understood how the BoT could actually renew her contract and increase her compensation. The CEO of a company posting those results compared to peer-companies would not have been renewed. So she clearly had a plan that did not pan out. It was to lower tuition to state school levels and then see the enrollment flood in which would make up the difference. That definitely did not happen and with the pandemic, definitely will not happen right now. Perhaps the board didn't want to spend 2 years looking for a president again.
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Post by 23won on Dec 22, 2021 11:59:24 GMT -5
Yeah he had this which isn't last 20 but instead last 8. It's also dollars only and not enrollment. explorertown.proboards.com/post/115591/threadYou can't develop a trend line from that. YoY freshmen enrollment numbers...and I guess total undergraduate enrollment numbers...would be a great find. It's not a doubting thing. I just want to see more than one administration and the last 3 years of the last administration (who coincidentally had a very public event in their favor in that timespan). Most businesses operate on a 3-5 year plan. 20 years is meaningless. 20 years ago Blockbuster was a good company. The 5 year trend shows we suck relative to DeSales, Gwynedd, Chestnut Hill, Cabrini, Holy Family & Neumann. We are on a par with Immaculata. Is that where you want to be? Really? 20 year data will tell you something different? I don't think so. I think this data shows that many/most kids who went to La Salle 20 years ago would not matriculate at La Salle today if making a college choice
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Post by JoeFedorowicz on Dec 22, 2021 12:28:50 GMT -5
I disagree with your premise.
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Post by gymrat67 on Jan 10, 2022 11:29:54 GMT -5
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Post by gymrat67 on Apr 9, 2022 13:47:46 GMT -5
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Post by belfieldhappyhour on Apr 9, 2022 14:29:18 GMT -5
2 of these pics look promising
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Post by big5explorer on Apr 10, 2022 11:42:44 GMT -5
So I used the "Program Services" number in the tax filings to make a little chart. I didn't use total revenue since I didn't want to include contributions. The data definitely does not look kindly on the Hanycz administration. While St. Joe's also is seeing a decline (though starting a year later), it is not as great as La Salle's. How the next 2-3 years look will be very telling. La Salle has reverted back to 2007 levels while Joe's has only gone back to 2015. Threw Glitter's favorite school in there for kicks. What they've done is fascinating. Really exponential growth. If I was in admissions, I'd take a hard look at what kids they're bringing in. Statistically, La Salle serves a more underprivileged and minority population than Duquesne (and Joe's) which is a known fact...but does not come up on the balance sheet. This is very "Lasallian" but won't keep the bills paid. This only took about 20m to collate so if anyone would like a school added I'm happy to do it. When my oldest, a top 1% student, applied to schools two years ago Duquesne Admissions almost got her to go there, despite the school being at the bottom of her preferred choices of schools to which she applied. Felt like she was being recruited like an athlete. They kept bumping up the money they were giving her. Hand-written letters to her and us, and a phone call from the dean were personal touches that *almost* got her to go there. Within a month the school went from not being in her top 5 to being a 50/50 chance. On the flip-side, I think in the last 4 years our three college-bound teenagers have received one mailing here from La Salle. This despite my wife and I both being alumni, and all three kids going to a Catholic high school less than an hour from campus. The difference is in the details, and it starts & ends with the Admissions office.
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Post by gymrat67 on May 3, 2022 12:59:27 GMT -5
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Post by gymrat67 on Aug 14, 2022 19:50:58 GMT -5
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Post by calsufan on Aug 15, 2022 10:18:42 GMT -5
Whoa, Drexel is $76K a year all in for tuition, room and board as well as "fees". I'm sure some students get the price knocked down, but still, that's crazy. The other interesting thing about that announcement is that it left out Delaware, which I found odd.
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Post by gymrat67 on Sept 10, 2022 10:22:10 GMT -5
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wistergym
Utility Bench Player
Posts: 131
Likes: 95
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Post by wistergym on Sept 10, 2022 14:50:13 GMT -5
West Chester University fully opens 176,000 sq., ft., $130 million + new academic and dining hall building, the biggest construction project in the state system.
Your tax dollars at work.
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louth
Mop-Up Time
Posts: 109
Likes: 272
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Post by louth on Sept 12, 2022 3:26:53 GMT -5
West Chester has surpassed La Salle as if LSU was and is standing still. West Chester’s freshman class, 3025, is larger than entire under grad enrollment at La Salle. Disturbing to say the least.
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Post by JoeFedorowicz on Sept 12, 2022 4:25:10 GMT -5
They’re playing different games. La Salle doesn’t have access to relatively infinite funds.
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Post by explorerman on Sept 12, 2022 9:19:41 GMT -5
They’re playing different games. La Salle doesn’t have access to relatively infinite funds. Yeah pretty lazy to compare the two...
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Post by GlitterBro #2 on Sept 12, 2022 12:25:01 GMT -5
They’re playing different games. La Salle doesn’t have access to relatively infinite funds. Yeah pretty lazy to compare the two... Not really. It is a school La Salle competes with for local students and is named by the admissions office as a competitor school to whom we lose students at admissions time. It is actually a very germane comparison from an admissions standpoint.
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Post by JoeFedorowicz on Sept 12, 2022 12:45:32 GMT -5
Yeah pretty lazy to compare the two... Not really. It is a school La Salle competes with for local students and is named by the admissions office as a competitor school to whom we lose students at admissions time. It is actually a very germane comparison from an admissions standpoint. It is a competitor, for sure. But to say: in response to this: is just ignoring the two different realities at play. La Salle cannot play the $130M cafeteria game.
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Post by belfieldhappyhour on Nov 17, 2022 20:31:31 GMT -5
Since we're digging up old threads/subjects, here's another one. Archdiocese officially buys land at Gwynedd
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Post by gymrat67 on Dec 13, 2022 17:36:24 GMT -5
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Post by gymrat67 on Apr 24, 2023 11:32:29 GMT -5
St. Joe's has applied for City of Phila. zoning changes ( from residential to institutional ) preparatory to constructing a major new dormitory complex ( to replace Sourin, Tara and LaFarge Halls which are to be razed ) on the adjacent land in part occupied by the former Cardinal's residence at Cardinal Ave. and City Ave., to be followed by constructing a huge new student center / dining hall on the main campus site(s) formerly occupied by the demolished Sourin, Tara and LaFarge dorms. See attached Plan view below -- click on image to enlarge.
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Post by JoeFedorowicz on Apr 24, 2023 15:10:02 GMT -5
More housing for their ponzi scheme
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Post by gymrat67 on Apr 29, 2023 15:54:46 GMT -5
( April 17, 2023 ) Drexel and Salus ( Elkins Park, PA ) Universities are exploring an ' affiliation '. www.inquirer.com/news/drexel-salus-university-affiliation-merger-20230417.html[ Note : Would expand Drexel's bachelors and graduate degree offerings into health industry-related fields of study to include optometry, audiology, physician assistants, occupational therapy, speech pathology and blindness / low-vision specialists. ]
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Post by gymrat67 on May 5, 2023 14:27:01 GMT -5
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Post by JoeFedorowicz on May 5, 2023 17:18:03 GMT -5
Ponzi art
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Post by GlitterBro #2 on May 7, 2023 13:47:01 GMT -5
Looks like a new CFO started in the past couple of weeks. He had previously been a VP of Finance at University of the Arts, Cabrini, and Chestnut Hill College. Now we just need a Head of Development and an Athletic Director to make the renovations happen.
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Post by explorerman on May 7, 2023 15:00:15 GMT -5
Gola Renos starting in the Fall regardless of VP level staff
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Post by diehardexplorer on May 7, 2023 17:58:05 GMT -5
have they even named an interim athletic director? baptiste will be gone a month this thursday.
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