TOTAL REV $16M
TOTAL EXP $16M
NET $0

Investment Profile · FY 2019

North Dakota State University-Main Campus

Fargo, North Dakota · NCAA Division I-FCS · Public, 4-year or above · Enrollment 9,598

ZIP 581086050 · IPEDS unitid 200332

Revenue Percentile (Division)
67th

Key Financial Metrics · 2019

Total Revenue
$16M

Total Expenses
$16M

Net Result
$0

Unique Athletes
260

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

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

$10.45M
$5.55M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment contracted by 1,051 (-9.9%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$5.91M

Basketball

$3.34M

All Track Combined

$1.89M

Soccer

$991.5K

Baseball

$873.7K

Softball

$862.5K

Volleyball

$845.8K

Wrestling

$740K

Golf

$541.2K

Expense by sport

Football

$5.91M

Basketball

$3.34M

All Track Combined

$1.89M

Soccer

$991.5K

Baseball

$873.7K

Softball

$862.5K

Volleyball

$845.8K

Wrestling

$740K

Golf

$541.2K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 117 0 $5.91M $5.91M $0
Basketball 2 15 16 $3.34M $3.34M $0
All Track Combined 3 119 141 $1.89M $1.89M $0
Soccer 15 0 27 $991.5K $991.5K $0
Baseball 1 36 0 $873.7K $873.7K $0
Softball 16 0 18 $862.5K $862.5K $0
Volleyball 26 0 13 $845.8K $845.8K $0
Wrestling 28 32 0 $740K $740K $0
Golf 8 7 8 $541.2K $541.2K $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$61.5K

Athletes Tracked
260

Top Sport Share
Football · 37%

Program Count
9

Unique men
119

Unique women
141

Per-sport slots
549

Multi-sport coeff
2.11x

Coed men

Coed women

The program has 260 unique athletes filling 549 sport roster slots — a 2.11x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FCS
Sector
Public, 4-year or above
Total Enrollment
9,598
Revenue Tier
Above-median (67th pct.)
Peers in Division
124 schools
Peers in North Dakota
16 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
University of Pennsylvania PA $15.86M $0 $-140.2K
Illinois State University IL $15.85M $0 $-144.8K
Wofford College SC $15.75M $0 $-248.8K
Abilene Christian University TX $15.72M $-616.9K $-275.4K
Brown University RI $15.55M $0 $-442.4K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $1.7K Athletic revenue per enrolled student
Expense Ratio 100.0% Expenses as % of revenue
Top Sport Share 37.0% Revenue concentration in top program
Division Percentile 67th 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.