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 |