FLAGLER COLLEGE INC
Mission Statement
Flagler College is a small private, residential college located in historic St. Augustine, Florida. The centerpiece of its campus is the former Hotel Ponce de León, a grand hotel constructed in 1888 by Henry M. Flagler, industrialist, philanthropist, railroad pioneer, and developer of the east coast of Florida. The Hotel Ponce de León serves as an enduring reminder of Mr. Flagler’s enterprise, diligence, and commitment to excellence. The College is committed to the preservation of the hotel and other historic structures that grace its campus. The mission of Flagler College is to educate and prepare students for productive careers, graduate and professional studies, and informed, responsible citizenship. Flagler College emphasizes teaching and scholarship; promotes intellectual and personal growth; and provides high-quality education in a caring and supportive environment that capitalizes on its historic, coastal location and its beautiful campus. Flagler College offers a liberal arts and pre-professional curriculum and promotes high-impact learning experiences, including co-curricular opportunities, which foster the development of well-rounded students. Flagler College is committed to high standards and student success; values integrity, personal responsibility, self-discipline and civility; and embraces accountability and stewardship. Flagler College encourages principled entrepreneurial thinking, fosters a sense of community, and promotes good citizenship.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
81.0% | 87.2% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.7% | 10.8% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.3% | 1.3% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
2315.7% | 4794.8% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
21.2 mo | 18.4 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
31.3% | 27.3% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
73.3% | 86.1% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
10.9% | 6.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
11.9% | 6.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
3.5% | 1.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $106.6M | $102.9M | $181.6M | 81.0% | 1227 |
| 2023 | $96.1M | $92.0M | $176.1M | 80.4% | 1220 |
| 2022 | $93.1M | $81.3M | $168.9M | 80.9% | 1150 |
| 2021 | $88.5M | $75.2M | N/A | — | 1116 |
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