TOTAL REV $14.91M
TOTAL EXP $15.51M
NET $-599.1K

Investment Profile · FY 2019

The University of Montana

Missoula, Montana · NCAA Division I-FCS · Public, 4-year or above · Enrollment 6,123

ZIP 59812 · IPEDS unitid 180489

Revenue Percentile (Division)
60th

Key Financial Metrics · 2019

Total Revenue
$14.91M

Total Expenses
$15.51M

Net Result
$-599.1K

Unique Athletes
241

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 82.9%Women’s programs 17.1%

$12.36M
$2.55M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment contracted by 2,475 (-28.8%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$9.55M

Basketball

$3.27M

Tennis

$512.8K

Volleyball

$409.8K

All Track Combined

$391K

Soccer

$362.8K

Softball

$254.5K

Golf

$156.5K

Expense by sport

Football

$6.91M

Basketball

$3.85M

Tennis

$766K

Volleyball

$785.8K

All Track Combined

$1.3M

Soccer

$901.5K

Softball

$710.4K

Golf

$282.7K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 115 0 $9.55M $6.91M $2.65M
Basketball 2 16 13 $3.27M $3.85M $-581.7K
Tennis 22 10 8 $512.8K $766K $-253.2K
Volleyball 26 0 14 $409.8K $785.8K $-376K
All Track Combined 3 129 112 $391K $1.3M $-913K
Soccer 15 0 28 $362.8K $901.5K $-538.6K
Softball 16 0 17 $254.5K $710.4K $-455.9K
Golf 8 0 10 $156.5K $282.7K $-126.1K

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$61.9K

Athletes Tracked
241

Top Sport Share
Football · 64.1%

Program Count
8

Unique men
129

Unique women
112

Per-sport slots
472

Multi-sport coeff
1.96x

Coed men

Coed women

The program has 241 unique athletes filling 472 sport roster slots — a 1.96x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FCS
Sector
Public, 4-year or above
Total Enrollment
6,123
Revenue Tier
Above-median (60th pct.)
Peers in Division
124 schools
Peers in Montana
12 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Robert Morris University PA $14.87M $0 $-33.9K
Davidson College NC $14.84M $1.64M $-63.6K
Northern Arizona University AZ $14.69M $0 $-219.1K
Missouri State University-Springfield MO $15.35M $0 $437.7K
Southern Illinois University-Carbondale IL $14.35M $0 $-554.6K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 4.0% Expense shortfall as % of revenue
Revenue / Enrollment $2.4K Athletic revenue per enrolled student
Expense Ratio 104.0% Expenses as % of revenue
Top Sport Share 64.1% Revenue concentration in top program
Division Percentile 60th 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.