Thread regarding National American University layoffs

How does NAUH stay in business?

Revenues down 31 percent from 2018 to 2019. Cash down to $1.3M. Financial composite score is 1.1. If it dips below 1.0, the Department of Education creates more requirements. Full-time faculty down to 19. Gravely lawsuit (USA v. NAUH) still in play.

https://www.sec.gov/Archives/edgar/data/1399855/000165495419010917/nauh_10k.htm

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| 954 views | | 2 replies (last November 27, 2019)
Post ID: @OP+12c6HETg

2 replies (most recent on top)

Correction, the loan payment for Black Hills Bank is in May 2020

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Post ID: @2gdk+12c6HETg

More bad numbers...
Comparing FY 2018 to FY 2019:
Revenues declined from $77M to $53M (-31%)
$25M loss
Enrollment drop from 5648 students to 3313 students (-41% and falling)
$800k payment to Black Hills Bank in May 2019
$8.5M debt payment to CEHE by October 15, 2020
$5.6 M balloon payment to Black Hills Bank in 2023

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Post ID: @2kxj+12c6HETg

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