TOTAL REV $13M
TOTAL EXP $12.75M
NET $257.8K

Investment Profile · FY 2019

Indiana State University

Terre Haute, Indiana · NCAA Division I-FCS · Public, 4-year or above · Enrollment 8,102

ZIP 47809 · IPEDS unitid 151324

Revenue Percentile (Division)
48th

Key Financial Metrics · 2019

Total Revenue
$13M

Total Expenses
$12.75M

Net Result
$257.8K

Unique Athletes
292

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 62.6%Women’s programs 37.4%

$8.15M
$4.86M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment contracted by 1,521 (-15.8%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$4.37M

Basketball

$3.33M

All Track Combined

$1.42M

Baseball

$1.01M

Swimming and Diving

$740.7K

Softball

$657.9K

Soccer

$639.6K

Volleyball

$561.6K

Golf

$264.6K

Expense by sport

Football

$4.18M

Basketball

$3.33M

All Track Combined

$1.4M

Baseball

$1.01M

Swimming and Diving

$740.7K

Softball

$657.9K

Soccer

$639.6K

Volleyball

$542K

Golf

$236.5K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 115 0 $4.37M $4.18M $185.5K
Basketball 2 15 14 $3.33M $3.33M $0
All Track Combined 3 137 155 $1.42M $1.4M $24.7K
Baseball 1 44 0 $1.01M $1.01M $0
Swimming and Diving 18 0 34 $740.7K $740.7K $0
Softball 16 0 29 $657.9K $657.9K $0
Soccer 15 0 29 $639.6K $639.6K $0
Volleyball 26 0 16 $561.6K $542K $19.6K
Golf 8 0 7 $264.6K $236.5K $28K

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$44.5K

Athletes Tracked
292

Top Sport Share
Football · 33.6%

Program Count
9

Unique men
137

Unique women
155

Per-sport slots
595

Multi-sport coeff
2.04x

Coed men

Coed women

The program has 292 unique athletes filling 595 sport roster slots — a 2.04x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FCS
Sector
Public, 4-year or above
Total Enrollment
8,102
Revenue Tier
Below-median (48th pct.)
Peers in Division
124 schools
Peers in Indiana
41 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Stephen F Austin State University TX $13.01M $0 $4.2K
Howard University DC $13.05M $0 $49.1K
Citadel Military College of South Carolina SC $13.13M $1.78M $126.1K
South Dakota State University SD $13.16M $0 $153.2K
Lamar University TX $12.83M $80.7K $-170.8K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $1.6K Athletic revenue per enrolled student
Expense Ratio 98.0% Expenses as % of revenue
Top Sport Share 33.6% Revenue concentration in top program
Division Percentile 48th 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.