TOTAL REV $22.46M
TOTAL EXP $22.46M
NET $0

Investment Profile · FY 2019

University of Toledo

Toledo, Ohio · NCAA Division I-FBS · Public, 4-year or above · Enrollment 12,432

ZIP 436063390 · IPEDS unitid 206084

Revenue Percentile (Division)
24th

Key Financial Metrics · 2019

Total Revenue
$22.46M

Total Expenses
$22.46M

Net Result
$0

Unique Athletes
226

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 66.2%Women’s programs 33.8%

$14.86M
$7.6M

Sport Program Investment

Revenue by sport

Football

$10.36M

Basketball

$4.67M

Baseball

$995.8K

All Track Combined

$940.1K

Soccer

$926.9K

Softball

$920K

Tennis

$902K

Swimming and Diving

$859.2K

Golf

$837K

Volleyball

$775.6K

Expense by sport

Football

$10.36M

Basketball

$4.67M

Baseball

$995.8K

All Track Combined

$940.1K

Soccer

$926.9K

Softball

$920K

Tennis

$902K

Swimming and Diving

$859.2K

Golf

$837K

Volleyball

$775.6K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 128 0 $10.36M $10.36M $0
Basketball 2 14 32 $4.67M $4.67M $0
Baseball 1 39 0 $995.8K $995.8K $0
All Track Combined 3 0 98 $940.1K $940.1K $0
Soccer 15 0 30 $926.9K $926.9K $0
Softball 16 0 24 $920K $920K $0
Tennis 22 9 9 $902K $902K $0
Swimming and Diving 18 0 27 $859.2K $859.2K $0
Golf 8 11 7 $837K $837K $0
Volleyball 26 0 16 $775.6K $775.6K $0
Track and Field, X-Country 25 17 0 $282.9K $282.9K $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$99.4K

Athletes Tracked
226

Top Sport Share
Football · 46.1%

Program Count
11

Unique men
128

Unique women
98

Per-sport slots
461

Multi-sport coeff
2.04x

Coed men

Coed women

The program has 226 unique athletes filling 461 sport roster slots — a 2.04x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FBS
Sector
Public, 4-year or above
Total Enrollment
12,432
Revenue Tier
Lower-tier (24th pct.)
Peers in Division
127 schools
Peers in Ohio
68 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
University of North Texas TX $22.36M $0 $-99.9K
Marshall University WV $22.32M $0 $-141.5K
Western Michigan University MI $21.9M $0 $-561.1K
New Mexico State University-Main Campus NM $21.64M $0 $-821.9K
University of Hawaii at Manoa HI $21.25M $-9.36M $-1.21M

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $1.8K Athletic revenue per enrolled student
Expense Ratio 100.0% Expenses as % of revenue
Top Sport Share 46.1% Revenue concentration in top program
Division Percentile 24th Revenue rank within NCAA Division I-FBS

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