TOTAL REV $5.42M
TOTAL EXP $5.42M
NET $0

Investment Profile · FY 2019

Waldorf College

Forest City, Iowa · NAIA Division II · Private for-profit, 4-year or above · Enrollment 1,612

ZIP 504361713 · IPEDS unitid 154518

Revenue Percentile (Division)
67th

Key Financial Metrics · 2019

Total Revenue
$5.42M

Total Expenses
$5.42M

Net Result
$0

Unique Athletes
176

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 65.5%Women’s programs 34.5%

$3.55M
$1.87M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 280 (21%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$1.69M

All Track Combined

$852.5K

Soccer

$723.2K

Basketball

$500.9K

Baseball

$440K

Wrestling

$405.8K

Softball

$234.6K

Volleyball

$227.2K

Golf

$190.6K

Bowling

$152.2K

Expense by sport

Football

$1.69M

All Track Combined

$852.5K

Soccer

$723.2K

Basketball

$500.9K

Baseball

$440K

Wrestling

$405.8K

Softball

$234.6K

Volleyball

$227.2K

Golf

$190.6K

Bowling

$152.2K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 121 0 $1.69M $1.69M $0
All Track Combined 3 66 55 $852.5K $852.5K $0
Soccer 15 32 27 $723.2K $723.2K $0
Basketball 2 12 12 $500.9K $500.9K $0
Baseball 1 34 0 $440K $440K $0
Wrestling 28 9 13 $405.8K $405.8K $0
Softball 16 0 20 $234.6K $234.6K $0
Volleyball 26 0 17 $227.2K $227.2K $0
Golf 8 9 6 $190.6K $190.6K $0
Bowling 33 7 8 $152.2K $152.2K $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$30.8K

Athletes Tracked
176

Top Sport Share
Football · 31.3%

Program Count
10

Unique men
121

Unique women
55

Per-sport slots
448

Multi-sport coeff
2.55x

Coed men

Coed women

The program has 176 unique athletes filling 448 sport roster slots — a 2.55x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NAIA Division II
Sector
Private for-profit, 4-year or above
Total Enrollment
1,612
Revenue Tier
Above-median (67th pct.)
Peers in Division
124 schools
Peers in Iowa
42 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
St Andrews University NC $5.44M $40.7K $19.3K
Kansas Wesleyan University KS $5.51M $0 $93.6K
Dordt College IA $5.32M $0 $-99K
Webber International University FL $5.56M $100.7K $137.8K
Madonna University MI $5.6M $72.6K $174.3K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $3.4K Athletic revenue per enrolled student
Expense Ratio 100.0% Expenses as % of revenue
Top Sport Share 31.3% Revenue concentration in top program
Division Percentile 67th Revenue rank within NAIA Division II

Source: U.S. Department of Education — Equity in Athletics Data Analysis (EADA). Fiscal year 2019. Last updated April 18, 2026.

TOTAL REV $5.42M
TOTAL EXP $5.42M
NET $0

Investment Profile · FY 2019

Waldorf College

Forest City, Iowa · NAIA Division II · Private for-profit, 4-year or above · Enrollment 1,612

ZIP 504361713 · IPEDS unitid 154518

Revenue Percentile (Division)
67th

Key Financial Metrics · 2019

Total Revenue
$5.42M

Total Expenses
$5.42M

Net Result
$0

Unique Athletes
176

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 65.5%Women’s programs 34.5%

$3.55M
$1.87M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 280 (21%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$1.69M

All Track Combined

$852.5K

Soccer

$723.2K

Basketball

$500.9K

Baseball

$440K

Wrestling

$405.8K

Softball

$234.6K

Volleyball

$227.2K

Golf

$190.6K

Bowling

$152.2K

Expense by sport

Football

$1.69M

All Track Combined

$852.5K

Soccer

$723.2K

Basketball

$500.9K

Baseball

$440K

Wrestling

$405.8K

Softball

$234.6K

Volleyball

$227.2K

Golf

$190.6K

Bowling

$152.2K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 121 0 $1.69M $1.69M $0
All Track Combined 3 66 55 $852.5K $852.5K $0
Soccer 15 32 27 $723.2K $723.2K $0
Basketball 2 12 12 $500.9K $500.9K $0
Baseball 1 34 0 $440K $440K $0
Wrestling 28 9 13 $405.8K $405.8K $0
Softball 16 0 20 $234.6K $234.6K $0
Volleyball 26 0 17 $227.2K $227.2K $0
Golf 8 9 6 $190.6K $190.6K $0
Bowling 33 7 8 $152.2K $152.2K $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$30.8K

Athletes Tracked
176

Top Sport Share
Football · 31.3%

Program Count
10

Unique men
121

Unique women
55

Per-sport slots
448

Multi-sport coeff
2.55x

Coed men

Coed women

The program has 176 unique athletes filling 448 sport roster slots — a 2.55x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NAIA Division II
Sector
Private for-profit, 4-year or above
Total Enrollment
1,612
Revenue Tier
Above-median (67th pct.)
Peers in Division
124 schools
Peers in Iowa
42 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
St Andrews University NC $5.44M $40.7K $19.3K
Kansas Wesleyan University KS $5.51M $0 $93.6K
Dordt College IA $5.32M $0 $-99K
Webber International University FL $5.56M $100.7K $137.8K
Madonna University MI $5.6M $72.6K $174.3K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $3.4K Athletic revenue per enrolled student
Expense Ratio 100.0% Expenses as % of revenue
Top Sport Share 31.3% Revenue concentration in top program
Division Percentile 67th Revenue rank within NAIA Division II

Source: U.S. Department of Education — Equity in Athletics Data Analysis (EADA). Fiscal year 2019. Last updated April 18, 2026.