TOTAL REV $8.79M
TOTAL EXP $8.79M
NET $0

Investment Profile · FY 2019

Alabama State University

Montgomery, Alabama · NCAA Division I-FCS · Public, 4-year or above · Enrollment 3,446

ZIP 361040271 · IPEDS unitid 100724

Revenue Percentile (Division)
16th

Key Financial Metrics · 2019

Total Revenue
$8.79M

Total Expenses
$8.79M

Net Result
$0

Unique Athletes
181

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 65.3%Women’s programs 34.7%

$5.74M
$3.05M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment contracted by 931 (-21.3%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$3.51M

Basketball

$1.73M

All Track Combined

$822.2K

Baseball

$585.5K

Volleyball

$482.9K

Soccer

$435.9K

Softball

$380.6K

Tennis

$359.4K

Golf

$306.3K

Bowling

$177K

Expense by sport

Football

$3.51M

Basketball

$1.73M

All Track Combined

$822.2K

Baseball

$585.5K

Volleyball

$482.9K

Soccer

$435.9K

Softball

$380.6K

Tennis

$359.4K

Golf

$306.3K

Bowling

$177K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 120 0 $3.51M $3.51M $0
Basketball 2 18 16 $1.73M $1.73M $0
All Track Combined 3 68 61 $822.2K $822.2K $0
Baseball 1 34 0 $585.5K $585.5K $0
Volleyball 26 0 18 $482.9K $482.9K $0
Soccer 15 0 23 $435.9K $435.9K $0
Softball 16 0 20 $380.6K $380.6K $0
Tennis 22 7 8 $359.4K $359.4K $0
Golf 8 7 9 $306.3K $306.3K $0
Bowling 33 0 7 $177K $177K $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$48.5K

Athletes Tracked
181

Top Sport Share
Football · 39.9%

Program Count
10

Unique men
120

Unique women
61

Per-sport slots
416

Multi-sport coeff
2.30x

Coed men

Coed women

The program has 181 unique athletes filling 416 sport roster slots — a 2.30x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FCS
Sector
Public, 4-year or above
Total Enrollment
3,446
Revenue Tier
Lower-tier (16th pct.)
Peers in Division
124 schools
Peers in Alabama
44 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Southern University and A & M College LA $8.84M $0 $50.6K
Drake University IA $8.73M $-3.66M $-56K
Texas Southern University TX $8.93M $-1.02M $143.9K
Delaware State University DE $9.01M $0 $219.4K
Eastern Illinois University IL $8.56M $0 $-224.7K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $2.6K Athletic revenue per enrolled student
Expense Ratio 100.0% Expenses as % of revenue
Top Sport Share 39.9% Revenue concentration in top program
Division Percentile 16th Revenue rank within NCAA Division I-FCS

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