| 2026 Without Donor Restrictions | 2026 With Donor Restrictions | 2026 TOTAL | 2025 TOTAL |
|
| OPERATING REVENUES | 2026 | 2026 | 2026 | 2025 |
| Student Tuition and Fees, Net of Student Aid | ||||
| of $1,559,839 in 2026 and $1,586,234 in 2025 | $25,451,334 | – | $25,451,334 | $23,815,305 |
| Contributions and Bequests | 286,898 | 367,416 | 654,314 | 978,748 |
| Patient Care | 2,652,796 | – | 2,652,796 | 2,733,331 |
| Professional Service Agreements | 2,516,510 | – | 2,516,510 | 2,426,120 |
| Grants and Contracts | 1,817,637 | – | 1,817,637 | 918,885 |
| Interest Income on Other Than investments | 526,844 | – | 526,844 | 273,749 |
| Other Sources | 108,256 | – | 108,256 | 93,209 |
| Auxiliary Enterprises | 60,708 | – | 60,708 | 53,450 |
| Total Operating Revenues | $33,420,983 | $367,416 | $33,788,399 | $31,292,797 |
| Net Assets Released from Restrictions | 810,913 | (378,513) | 431,400 | 430,577 |
| Total Operating Revenues and | ||||
| Net Assets Released from Restrictions | $34,231,896 | ($12,097) | $34,219,799 | $31,723,374 |
| OPERATING EXPENSES | ||||
| Clinical Instruction and Patient Care | $8,342,329 | – | $8,342,329 | $7,989,735 |
| Instruction | 7,497,856 | – | 7,497,856 | 7,056,432 |
| Research | 1,169,380 | – | 1,169,380 | 1,184,478 |
| Academic Support | 2,246,278 | – | 2,246,278 | 2,585,433 |
| Student and Auxiliary Services | 2,705,794 | – | 2,705,794 | 2,526,931 |
| Institutional Support | 7,848,737 | – | 7,848,737 | 7,567,232 |
| Total Operating Expenses | $29,810,374 | – | $29,810,374 | $28,910,241 |
| Change in Net Assets from Operating Activities | $4,421,522 | ($12,097) | $4,409,425 | $2,813,133 |
| NON-OPERATING ACTIVITIES | ||||
| Net Assets Released from Restrictions | – | (431,400) | (431,400) | (430,577) |
| Investment Return | 9,117,805 | 2,016,347 | 11,134,152 | 6,853,568 |
| Change in Value of Annuity Obligations | (4,065) | – | (4,065) | (4,424) |
| Loss on Sale/Disposal of Assets | (9,983) | – | (9,983) | - |
| Change in Net Assets | $13,525,279 | $1,572,850 | $15,098,129 | $9,231,699 |
| Net Assets as of Beginning of Year | $69,611,027 | $15,049,046 | $84,660,073 | $75,428,374 |
| Net Assets as of End of Year | $83,136,306 | $16,621,896 | $99,758,202 | $84,660,073 |
