about the increase in University "staff"

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82lsju
I may be small, but I'm slow too

Posts: 6,109
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Joined: Dec 1969

03-13-2024, 10:59 AM

(This post was last modified: 03-13-2024, 11:01 AM by 82lsju.)

(03-13-2024, 10:10 AM)BostonCard Wrote: I've heard universities described as healthcare systems with a side-hustle in education.

https://www.politico.com/news/magazine/2...s-00133272

This article shows that at both UNC and Duke, the medical centers have grown to provide a larger share of revenue than the Universities. In Stanford's most recent financial report (https://bondholder-information.stanford....report.pdf), 62% of Stanford's revenues in FY2023 came from Stanford Health, and the $415 million dollar surplus generated by Stanford Health made up for a $206 million loss from the University.

Since this is an athletics board, it is worth mentioning that Athletics doesn't merit its own line item in the financial statements, and gets lumped in with housing and dining services, the alumni association under "Auxiliary Services", which, combined, accounted for $722 million in expenses, out of a total university budget of $7.6 billion, and a total Stanford budget of $16 billion.

BC

the 2021-22 annual report from the AD

https://gostanford.com/documents/2022/11..._FINAL.pdf

shows

- $11.45m from university support for combined varsity and recreation services
- $10.0m from university support for varsity sports

and

- total revenue of $134.1m
- total expenses of $145.6m

Eric

"the older we get the better we were"

82lsju

03-13-2024, 10:59 AM

(This post was last modified: 03-13-2024, 11:01 AM by 82lsju.)

(03-13-2024, 10:10 AM)BostonCard Wrote: I've heard universities described as healthcare systems with a side-hustle in education.

https://www.politico.com/news/magazine/2...s-00133272

This article shows that at both UNC and Duke, the medical centers have grown to provide a larger share of revenue than the Universities. In Stanford's most recent financial report (https://bondholder-information.stanford....report.pdf), 62% of Stanford's revenues in FY2023 came from Stanford Health, and the $415 million dollar surplus generated by Stanford Health made up for a $206 million loss from the University.

Since this is an athletics board, it is worth mentioning that Athletics doesn't merit its own line item in the financial statements, and gets lumped in with housing and dining services, the alumni association under "Auxiliary Services", which, combined, accounted for $722 million in expenses, out of a total university budget of $7.6 billion, and a total Stanford budget of $16 billion.

BC