Data Center: Your central resource for Massachusetts public higher education data

State University—Primary Reserve Ratio*
Institution Name Category Fiscal Year
2009
Fiscal Year
2010
Fiscal Year
2011
Fiscal Year
2012
Fiscal Year
2013
Bridgewater State University Operating
expenses
$127,146,646 $137,519,069 $148,550,695 $155,649,431 $160,187,020
Primary Reserve 7.8 10.1 11.0 9.0 7.7
Unrestricted & Expendable
Net Assets
$9,976,305 $13,941,741 $16,384,672 $14,013,745 $12,331,215
Fitchburg State University Operating
expenses
$66,322,275 $67,841,928 $72,058,710 $74,446,514 $79,152,731
Primary Reserve 24.5 37.9 48.7 42.4 32.5
Unrestricted & Expendable
Net Assets
$16,270,498 $25,680,386 $35,120,419 $31,545,971 $25,754,013
Framingham State University Operating
expenses
$62,251,559 $62,626,881 $67,901,313 $75,594,986 $78,806,597
Primary Reserve 28.6 34.1 38.8 41.3 45.4
Unrestricted & Expendable
Net Assets
$17,829,869 $21,351,237 $26,315,079 $31,216,107 $35,783,593
Massachusetts College of Art and Design Operating
expenses
$48,324,050 $48,107,904 $53,151,986 $55,169,089 $61,849,774
Primary Reserve 10.7 17.6 21.1 15.1 10.0
Unrestricted & Expendable
Net Assets
$5,168,242 $8,443,794 $11,192,101 $8,348,731 $6,205,186
Massachusetts College of Liberal Arts Operating
expenses
$37,719,341 $38,555,766 $39,988,331 $42,349,365 $42,615,388
Primary Reserve 18.6 24.7 30.4 19.5 17.2
Unrestricted & Expendable
Net Assets
$7,012,592 $9,505,008 $12,159,137 $8,249,655 $7,333,419
Massachusetts Maritime Academy Operating
expenses
$38,555,818 $38,337,860 $41,992,902 $49,055,485 $51,777,865
Primary Reserve 33.5 44.4 48.1 43.4 40.9
Unrestricted & Expendable
Net Assets
$12,914,607 $17,018,018 $20,203,057 $21,278,661 $21,201,713
Salem State University Operating
expenses
$118,619,670 $117,796,230 $130,927,456 $137,696,763 $140,061,608
Primary Reserve 8.9 11.1 14.4 12.2 13.2
Unrestricted & Expendable
Net Assets
$10,570,223 $13,062,419 $18,817,486 $16,784,358 $18,454,939
Westfield State University Operating
expenses
$84,833,861 $86,145,030 $88,796,057 $95,829,921 $97,004,802
Primary Reserve 12.0 14.8 22.3 22.0 25.6
Unrestricted & Expendable
Net Assets
$10,202,319 $12,763,384 $19,845,287 $21,093,497 $24,832,881
Worcester State University Operating
expenses
$61,383,809 $64,932,066 $72,801,806 $73,988,423 $78,634,901
Primary Reserve 36.9 39.6 42.5 45.9 43.1
Unrestricted & Expendable
Net Assets
$22,672,205 $25,698,808 $30,967,419 $33,986,969 $33,873,258
Page created 8/29/2014
Source: Commonwealth of Massachusetts HEIRS
*The Primary Reserve ratio = Unrestricted and Expendable Net Assets/Total Operating Expenditures. This ratio provides a snapshot of an institutions financial strength, resource sufficiency and flexibility. The ratio indicates how long the college could operate using expendable reserves without relying on additional new assets generated by operations.

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