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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.
