TOTAL REV $18.73M
TOTAL EXP $18.73M
NET $0

Investment Profile · FY 2019

Merrimack College

North Andover, Massachusetts · NCAA Division II with football · Private nonprofit, 4-year or above · Enrollment 3,883

ZIP 01845 · IPEDS unitid 166850

Revenue Percentile (Division)
99th

Key Financial Metrics · 2019

Total Revenue
$18.73M

Total Expenses
$18.73M

Net Result
$0

Unique Athletes
179

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 859 (28.4%) from 2015 to 2019.

Classification & Sector History

Year Men Women Total Classification Sector
2015 1,451 1,573 3,024 NCAA Division II with football Private nonprofit, 4-year or above
2016 1,595 1,700 3,295 NCAA Division II with football Private nonprofit, 4-year or above
2017 1,610 1,711 3,321 NCAA Division II with football Private nonprofit, 4-year or above
2018 1,777 1,793 3,570 NCAA Division II with football Private nonprofit, 4-year or above
2019 1,853 2,030 3,883 NCAA Division I-FCS Private nonprofit, 4-year or above

Sport Program Investment

Revenue by sport

Ice Hockey

$4.33M

Football

$2.83M

Basketball

$2.64M

Lacrosse

$1.89M

Track and Field, X-Country

$1.78M

Soccer

$1.32M

Baseball

$710.6K

Softball

$653.5K

Field Hockey

$601.4K

Swimming

$530.8K

Expense by sport

Ice Hockey

$4.33M

Football

$2.83M

Basketball

$2.64M

Lacrosse

$1.89M

Track and Field, X-Country

$1.78M

Soccer

$1.32M

Baseball

$710.6K

Softball

$653.5K

Field Hockey

$601.4K

Swimming

$530.8K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Ice Hockey 10 25 21 $4.33M $4.33M $0
Football 7 109 0 $2.83M $2.83M $0
Basketball 2 15 20 $2.64M $2.64M $0
Lacrosse 11 40 38 $1.89M $1.89M $0
Track and Field, X-Country 25 24 26 $1.78M $1.78M $0
Soccer 15 36 40 $1.32M $1.32M $0
Baseball 1 34 0 $710.6K $710.6K $0
Softball 16 0 26 $653.5K $653.5K $0
Field Hockey 6 0 30 $601.4K $601.4K $0
Swimming 19 0 24 $530.8K $530.8K $0
Tennis 22 11 9 $466.6K $466.6K $0
Volleyball 26 0 18 $292.4K $292.4K $0
Rowing 13 0 18 $274.6K $274.6K $0
Golf 8 0 9 $249.8K $249.8K $0
Track and Field, Indoor 23 61 70 $81.5K $81.5K $0
Track and Field, Outdoor 24 61 70 $81.5K $81.5K $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$104.7K

Athletes Tracked
179

Top Sport Share
Ice Hockey · 23.1%

Program Count
16

Unique men
109

Unique women
70

Per-sport slots
835

Multi-sport coeff
4.66x

Coed men

Coed women

The program has 179 unique athletes filling 835 sport roster slots — a 4.66x 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
3,883
Revenue Tier
Top-tier (99th pct.)
Peers in Division
167 schools
Peers in Massachusetts
61 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Mercyhurst University PA $15.12M $0 $-3.61M
LIU Post NY $22.98M $0 $4.24M
University of Indianapolis IN $13.19M $0 $-5.55M
Lindenwood University MO $12.29M $0 $-6.44M
Grand Valley State University MI $11.69M $419.4K $-7.04M

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $4.8K Athletic revenue per enrolled student
Expense Ratio 100.0% Expenses as % of revenue
Top Sport Share 23.1% Revenue concentration in top program
Division Percentile 99th 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.