FINANCING MODERN ACADEMIES. FINANCING MODERN ACADEMIES (DARWIN WAS RIGHT)

FINANCINGMODERN

ACADEMIES

FINANCINGMODERN

ACADEMIES(DARWIN WAS

RIGHT)

SURVIVAL OF THE FITTEST

Unfit: Mount Vernon Academy Valley Grande Academy ______ _______ Academy

Fit:__________ __________ Academy

DECLINING ENROLLMENTS

“Pond has become a pool” “Graying of Adventism”

DECLINING ENROLLMENTS

“Graying of Adventism” “Browning of Adventism”

DECLINING ENROLLMENTS

“Pond has become a pool” “Browning of Adventism” “Declining Quality”

TRIBAL WISDOM OF THE DAKOTA INDIANS

• When you discover you are riding a dead horse,

• the best strategy is to • dismount.

IN THE ADVENTIST SCHOOLS WE…

1. Change riders2. Threaten the horse with termination (closing)3. Appoint a committee to study the horse

4. Arrange a visit to other sites to see how they ride dead horses5. Hire outside managers to ride the dead horse6. Lower expected performance requirements for all dead horses7. Harness several dead horses together to improve

ECCLESIASTES 10:19

“…MONEY IS THE ANSWER

TO EVERYTHING.”

THREE TRUISMS

I. Money Follows Vision

II. Money Follows Quality

III. Money Follows Results

THREE TRUISMS

I. Money Follows Vision

THREE TRUISMS

I. Money Follows Vision

Donors are Investors

THREE TRUISMS

I. Money Follows Vision

II. Money Follows Quality

III. Money Follows Results

MOUNT VERNON ACADEMY

2001 – 71 2002 – 122 2003 – 142 2004 – 160 2005 – 140s $3.2 million over 3 years

SHENANDOAH VALLEY ACADEMY

2006 – 135 2007 – 175 2008 – 225 2009 – 240 2010 – 2012 -- 225s 2014 – 175

$4.5 million – 2006 to 2008

FLETCHER ACADEMY

2009 – 135 2010 – 155 2011 – 158 2012 – 182 2013 – 187 2014 – 195 $6 million – past 6 years

CAUSES OF DECLINING ENROLLMENTS Overpriced (low and middle income

parent) Quality of Education Product

THE BUSINESS OF ADVENTIST EDUCATION

Meet Customer Demands With Quality Products At Reasonable/affordable

Prices

= SALES!!

THREE TRUISMS

I. Money Follows Vision

II. Money Follows Quality

III. Money Follows Results

16 COMMON FACTORS OF SUCCESS

1. Mission: Identify and Follow it

16 COMMON FACTORS FOR SUCCESS

1. Mission: Identify and Follow Mission

2. Continuous Improvement Plan (CIP)

16 COMMON FACTORS FOR SUCCESS

1. Mission: Identify and Follow Mission

2. Continuous Improvement Plan (CIP)

3. Enrollment and Development Increase Enrollment Donors from Alumni and Friends

16 COMMON FACTORS OF SUCCESS

1. Mission Statement 2. Continuous Improvement Plan 3. Enrollment and Development 4. Contract Teachers

16 COMMON FACTORS OF SUCCESS

1. Mission Statement 2. Continuous Improvement Plan 3. Enrollment and Development 4. Contract Teachers 5. Reliable IT

16 COMMON FACTORS OF SUCCESS

1. Mission Statement 2. Continuous Improvement Plan 3. Enrollment and Development 4. Contract Teachers 5. Reliable IT 6. International Students

16 COMMON FACTORS OF SUCCESS

1. Mission Statement 2. Continuous Improvement Plan 3. Enrollment and Development 4. Contract Teachers 5. Reliable IT 6. International Student 7. Scholarships and Financial

Assistance

16 COMMON FACTORS OF SUCCESS

1. Mission Statement 2. Continuous Improvement Plan 3. Contract Teachers 4. Reliable IT 5. International Students 6 Campus Industries 7. Scholarships & Financial Aid 8. Financial Plans

FINANCIAL PLAN

FINANCIAL PLAN - CONTRACT

16 COMMON FACTORS OF SUCCESS

10. “NQSWBTA Because Of Finances”

16 COMMON FACTORS OF SUCCESS

10. “NQSWBTA Because Of Finances”11. Financial Assistance - Unlimited

16 COMMON FACTORS OF SUCCESS

10. “NQSWBTA Because Of Finances”11. Financial Assistance - Unlimited12. Accounts Receivable – 92%+

16 COMMON FACTORS OF SUCCESS

10. “NQSWBTA Because Of Finances”11. Financial Assistance - Unlimited12. Accounts Receivable – 92% +13. Advertising

16 COMMON FACTORS OF SUCCESS

10. “NQSWBTA Because Of Finances”11. Financial Assistance - Unlimited12. Accounts Receivable – 92% +13. Advertising14. Strategic Budgeting

INTERACTIVE BUDGET

16 COMMON FACTORS OF SUCCESS

10. “NQSWBTA Because Of Finances”11. Financial Assistance - Unlimited12. Accounts Receivable – 92% +13. Advertising14. Strategic Budgeting15. Financial Reporting

SIMPLE INCOME STATEMENT

SIMPLE INCOME STATEMENT

CASH FLOW STATEMENT

16 COMMON FACTORS OF SUCCESS

10. “NQSWBTA Because Of Finances”11. Financial Assistance - Unlimited12. Accounts Receivable – 92% +13. Advertising14. Strategic Budgeting15. Financial Reporting16. Enrollment

NEEDED

An Active System, with Executive Functions,

to Provide Quality Education.