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