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Goal 2: Enhance Financial Strength and Institutional Sustainability

Ramapo College manages its financial, human, and physical resources sustainably. Through revenue generation, reallocation, expense reduction, and fundraising the College seeks to become even more financially robust.

The College is committed to managing revenues and expenses in order to have the financial flexibility to operate in the competitive higher education environment and fulfill the goals of the strategic plan. Outcomes as measured by achievement targets and indicators provide evidence that the College has enhanced financial strength and institutional sustainability by monitoring the following metrics:

Financial:

Financial Fall 2013 Baseline Fall 2014 1 Year Change 2018 Goal
Composite Financial Index* 3.88 3.7 5
Debt Burden Ratio** 14.90% 14.50% <14.9%
Grants Submitted will increase by 5%/year 21 35 5% Annually
Grant Dollars Awarded (Increase Secured Revenues by 25% to reach $4.1 Million Annually) $3.4 Million $1.8 Million $4.1 Million Annually
Foundation Operational* Support to College will grow 25% by 2018 $669,785 $703,285 Increase by 25% to $879106
Endowment Corpus will grow 25% by 2018 10.8 Million $11.9 Million Increase by 25% to $13.5 Million
Gifts/Pledges to Capital will surpass 9.7 M by 2018 $1.08 Million $987,428 >$9.7 Million
Facility Condition Assessment** (Space identified as “poor/inadequate” reduced) 30% 26% <=10%
Sustainability:
Sustainability Fall 2013 Baseline Fall 2014 1 Year Change 2018 Goal
LEEDS Silver Alternative (International Building Codes) 100% 100% 100%
Reduce Carbon Footprint 10%
Decrease Waste 20%
Increase Recycling 20%
Alumni Data:
ALUMNI DATA (Objective 2.5) FALL 2013 BASELINE FALL 2014 FALL 2015 FALL 2016 1 Year Change Goal 2018
POST GRADUATE EDUCATIONAL OUTCOMES LAST 5 YEARS 12.5% 99.0% 99.0% 99.0% 95.0%
POST GRADUATE EMPLOYMENT OUTCOMES LAST 5 YEARS 10.10% 55.5% 50.4% 62.6% 30.0%

Key:

Key:
Trending in Positive Direction
Trending in Negative Direction
No Change
No Action
Reached Goal
* Key Performance Indicator (KPI)
** Board Identified KPI