TOTAL REV $8.05M
TOTAL EXP $7.8M
NET $252.1K

Investment Profile · FY 2019

Carson-Newman University

Jefferson City, Tennessee · NCAA Division II with football · Private nonprofit, 4-year or above · Enrollment 1,705

ZIP 37760 · IPEDS unitid 219806

Revenue Percentile (Division)
86th

Key Financial Metrics · 2019

Total Revenue
$8.05M

Total Expenses
$7.8M

Net Result
$252.1K

Unique Athletes
170

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 60.3%Women’s programs 39.7%

$4.85M
$3.2M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 49 (3%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$1.92M

Basketball

$1.23M

Soccer

$844.3K

Swimming

$824.7K

Baseball

$556.9K

Golf

$519.6K

Track and Field, Outdoor

$514.1K

Volleyball

$439.2K

Track and Field, X-Country

$409.3K

Tennis

$393.4K

Expense by sport

Football

$1.85M

Basketball

$1.06M

Soccer

$916.3K

Swimming

$817.3K

Baseball

$559.8K

Golf

$489K

Track and Field, Outdoor

$736.1K

Volleyball

$386.2K

Track and Field, X-Country

$117.9K

Tennis

$419.9K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 140 0 $1.92M $1.85M $66.4K
Basketball 2 17 14 $1.23M $1.06M $163.7K
Soccer 15 32 24 $844.3K $916.3K $-72.1K
Swimming 19 25 21 $824.7K $817.3K $7.5K
Baseball 1 70 0 $556.9K $559.8K $-2.9K
Golf 8 13 12 $519.6K $489K $30.6K
Track and Field, Outdoor 24 42 30 $514.1K $736.1K $-222K
Volleyball 26 0 15 $439.2K $386.2K $53K
Track and Field, X-Country 25 10 11 $409.3K $117.9K $291.4K
Tennis 22 8 7 $393.4K $419.9K $-26.5K
Softball 16 0 24 $387.7K $391K $-3.3K
Beach Volleyball 32 0 15 $18.3K $51.9K $-33.6K

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$47.4K

Athletes Tracked
170

Top Sport Share
Football · 23.8%

Program Count
12

Unique men
140

Unique women
30

Per-sport slots
530

Multi-sport coeff
3.12x

Coed men

Coed women

The program has 170 unique athletes filling 530 sport roster slots — a 3.12x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division II with football
Sector
Private nonprofit, 4-year or above
Total Enrollment
1,705
Revenue Tier
Upper quartile (86th pct.)
Peers in Division
167 schools
Peers in Tennessee
44 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Tiffin University OH $8.05M $0 $-4.1K
Northwood University-Michigan MI $7.95M $0 $-104.1K
Texas A & M University-Commerce TX $8.36M $614.3K $306.3K
University of North Alabama AL $7.69M $-7 $-355.5K
Augustana University SD $8.41M $0 $362.3K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $4.7K Athletic revenue per enrolled student
Expense Ratio 96.9% Expenses as % of revenue
Top Sport Share 23.8% Revenue concentration in top program
Division Percentile 86th Revenue rank within NCAA Division II with football

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