A comparative analysis of the financial performance of selected parochial schools for the years 1998-2001

• Main Author: Loorthunayagam, S., FSC.
• Format: text
• Language: English
• Published: Animo Repository 2002
• Subjects: Financial statements; Education > Finance; School management and organization; Catholic schools
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/3019
• Institution: De La Salle University

This study was intended to find out the vision/mission/goals (VMG) including concerns in financial resources and to analyze and compare the financial performance of selected parochial schools where in order to draw policy implications to ensure schools' viability base on the comparative analyses. The study made use of the Vision/Mission/Goals of the schools to see whether the financial resources were allocated according to the priorities set by the schools to achieve their goals. In order to assess the schools' financial performance, the study made use of the components of the Dupont model for the years 1998-2001. The vision/Mission/Goals and the Dupont Model were the tools used in analyzing the following: Vision/Mission/Goals, the teachers and administrators financial concerns, financial performance of selected parochial schools and policy implications related to financial goals/mission/vision based on the comparative analyses of selected participant schools. Findings show that schools B and C are identified as financially performing well because of the better enrollment, increasing trend of tuition fees, decreasing operating ratio or proper control of expenses and increasing income from other generating projects. Schools A and E are identified as financially not so performing well because of decrease of enrollment, decreasing trend of revenues from tuition, decreasing other income and increasing operating ratio or increasing expenses. Schools D and F are identified as not performing well because of decreasing enrolment, very high operating ratio, very low net profits, increasing academic and administrative and expenses and very low income from other income generating projects. The study concludes that there is a direct relationship between VMG and financial plans and resource generation and resource allocation. It further concludes that the financial performance of the school must not depend only on tuition fee but also on other income generating projects. Most schools had negative net operating results but they continue to render service to the community. The operating margins, asset-use efficiency and return on equity show that the net profit or net operating profits affect all three ratios. Comparisons of schools based on observations conclude the need for improving enrollment, reporting of accounting data, provision of enough salaries to faculty, provision of sufficient funds for faculty development, and library and laboratory needs. Policy implications are recommended for acceptance and implementation to ensure school's viability.