RubinBrown Colleges & Universities Stat Book | NOT-FOR-PROFIT INSTITUTIONS

EXECUTIVE SUMMARY

RubinBrown is pleased to present the 2019 Colleges & Universities Statistical Analysis, focusing on not-for-profit institutions, compiled by RubinBrown’s Colleges & Universities Services Group. Included in the report is statistical information for 53 not-for-profit colleges and universities in Colorado, Illinois, Kansas and Missouri. Select statistical information for 36 public institutions in Kansas, Illinois, Iowa and Missouri is also included. The source data for this report was obtained from publicly available documents of each institution. For questions, please contact the Colleges & Universities Services Group (see page 6 for contact information).

Industry Overview Two calculations that accreditors and regulators use to evaluate the financial health and fiscal responsibility of an institution are the Composite Financial Index score (CFI) and the Department of Education’s Financial Responsibility Composite Score. The CFI is published in the Strategic Financial Analysis for Higher Education: Identifying Measuring & Reporting Financial Risks (Seventh Edition) by KPMG LLP; Prager, Sealy & Co., LLC; Attain LLC. The Higher Learning Commission (HLC) utilizes the CFI for public institutions and Department of Education’s Financial Responsibility Composite Score for private institutions when evaluating financial indicators. The HLC defines a private institution as any not-for-profit or for-profit school. The HLC sets forth certain CFI score ranges for each type of institution. The scores indicate if an institution’s financial indicators are deemed acceptable or if they warrant further review.

Above the Zone If an institution falls above the zone, no follow up is required. In the Zone If an institution reports a score that falls within the zone for the first time, the HLC will issue a letter of concern. If reporting for the second consecutive year, HLC will require the institution to submit a report and undergo a panel review process in which three peers review the information and evaluate whether or not the institution is at risk of not meeting the Criteria for Accreditation. Below the Zone If an institution reports a score that falls below the zone, the institution will be required to submit a report to the HLC and will undergo the panel review process described above.

The Higher Learning Commission Ranges for CFI Scores

Below the Zone

In the Zone

Above the Zone

Private Institutions

-1.0 to 0.9

1.0 to 1.4

1.5 to 3.0

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RubinBrown Colleges & Universities Stats 2019