TOTAL REV $9.77M
TOTAL EXP $9.74M
NET $25.6K

Investment Profile · FY 2019

Minnesota State University-Mankato

Mankato, Minnesota · NCAA Division II with football · Public, 4-year or above · Enrollment 10,316

ZIP 56001 · IPEDS unitid 173920

Revenue Percentile (Division)
93th

Key Financial Metrics · 2019

Total Revenue
$9.77M

Total Expenses
$9.74M

Net Result
$25.6K

Unique Athletes
173

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 57.3%Women’s programs 42.7%

$5.6M
$4.17M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment contracted by 556 (-5.1%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Ice Hockey

$3.65M

Football

$1.54M

Basketball

$1.25M

Track and Field, Indoor

$758.2K

Soccer

$486.1K

Volleyball

$439K

Softball

$385.6K

Swimming and Diving

$345.5K

Wrestling

$312.8K

Baseball

$299.8K

Expense by sport

Ice Hockey

$3.64M

Football

$1.54M

Basketball

$1.25M

Track and Field, Indoor

$755K

Soccer

$486.1K

Volleyball

$437.6K

Softball

$378.2K

Swimming and Diving

$345.5K

Wrestling

$312.8K

Baseball

$299.8K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Ice Hockey 10 30 23 $3.65M $3.64M $4.9K
Football 7 99 0 $1.54M $1.54M $-1
Basketball 2 14 17 $1.25M $1.25M $809
Track and Field, Indoor 23 48 74 $758.2K $755K $3.2K
Soccer 15 0 35 $486.1K $486.1K $0
Volleyball 26 0 16 $439K $437.6K $1.4K
Softball 16 0 17 $385.6K $378.2K $7.3K
Swimming and Diving 18 0 39 $345.5K $345.5K $0
Wrestling 28 26 0 $312.8K $312.8K $0
Baseball 1 42 0 $299.8K $299.8K $0
Golf 8 12 10 $172K $172K $-2
Track and Field, X-Country 25 10 37 $81.2K $79.6K $1.6K
Tennis 22 0 8 $49.6K $43.3K $6.3K

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$56.5K

Athletes Tracked
173

Top Sport Share
Ice Hockey · 37.3%

Program Count
13

Unique men
99

Unique women
74

Per-sport slots
557

Multi-sport coeff
3.22x

Coed men

Coed women

The program has 173 unique athletes filling 557 sport roster slots — a 3.22x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division II with football
Sector
Public, 4-year or above
Total Enrollment
10,316
Revenue Tier
Top-tier (93th pct.)
Peers in Division
167 schools
Peers in Minnesota
48 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Azusa Pacific University CA $9.71M $207.4K $-62.4K
Wingate University NC $9.84M $738.6K $75.9K
Lenoir-Rhyne University NC $9.44M $0 $-333.1K
Florida Institute of Technology FL $10.25M $491.1K $478K
Limestone College SC $9.18M $0 $-589.9K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $947 Athletic revenue per enrolled student
Expense Ratio 99.7% Expenses as % of revenue
Top Sport Share 37.3% Revenue concentration in top program
Division Percentile 93th 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.