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Planning for Higher Education Journal

Survival of the Financially Fittest

Leverage Strategic Decision-Making and Key Financial Metrics to Achieve Financial Stability
Journal Cover
From Volume 52 Number 1 | October–December 2023
By Aaron Meis, EdD, and Julee Gard, EdD

Institutions referenced in this resource:
Grace University, College of St Joseph, Saint Josephs College, Jones College, Memphis College of Art, Mount Ida College, Coleman University, O’More College of Design, Wentworth Military Academy, Green Mountain College, Newbury College, Marygrove College, Southern Vermont College, St Vincent’s College, Marylhurst University, Hiwassee College, Oregon College of Art and Craft, Ohio Valley University, Concordia College-New York, John F Kennedy University, MacMurray College, Cincinnati Christian University, New Hampshire Institute of Art, Concordia University-Portland, Becker College, Judson College, San Francisco Art Institute, Hannibal-LaGrange University, Lincoln College, Marymount California University, Cazenovia College, Holy Names University, Presentation College, Finlandia University, Cardinal Stritch University, Iowa Wesleyan College, Medaille College, Nyack College, The King’s College, Cabrini University, Alderson Broaddus College, Hodges University

This article explores a methodology for assessing and managing the financial viability of private, tuition-dependent institutions as well as institutional tactics and strategies used to improve their financial strength. The resulting model will help institutions understand the trends and predictive value of key financial metrics directly impacting their liquidity and operations and how senior leadership can drive change. Institutional examples illustrate how to engage senior leadership in strategic decision-making that includes assessment of revenue growth and/or expense management.

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