UNIVERSITY OF PROVIDENCE
Mission Statement
The mission of the University of Great Falls is to provide students with the opportunity to obtain a liberal education for living and for making a living. The University of Great Falls was founded through the collaborative efforts of the Sisters of Providence, the Ursuline Sisters, the Catholic Bishop of Great Falls and the civic community all of whom recognized societal need for higher education. Its educational mission, sponsored by the Sisters of Providence, continues to be the shared endeavor of dedicated people. The University cooperates with both private and public institutions to attain goals consistent with its educational purpose and values. The University continually and responsibly evaluates its operation and programs. It develops professional and career programs and continuing education courses designed in view of society’s present and future needs as well as traditional academic degrees in appropriate fields.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
93.1% | 84.4% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.7% | 13.5% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.2% | 0.7% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
18.4 mo | 10.9 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
7.1% | 34.2% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
61.6% | 87.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
2.7% | 4.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
1.9% | 8.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-4.1% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $29.5M | $30.7M | $47.0M | 93.1% | 395 |
| 2022 | $28.7M | $30.1M | $48.7M | 91.0% | 385 |
| 2021 | $37.4M | $29.3M | N/A | — | 411 |
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