Carroll University

What it reported doing in 2024

Instruction & academic support - carroll university offers more than 95 areas of study for students to discover and explore that are housed within two colleges (college of arts and sciences and college of health sciences) and two schools (school of business and school of education and human services). We structure those with the individual goals and needs of our students in mind. Our top majors are nursing, business, exercise science, psychology, biology and physical therapy (graduate). Many of our programs offer the flexibility to double major or add minors while still graduating in four years. We also offer the opportunity to complete select majors and get started on a career sooner with our carroll3 programs. In addition, our dual degree programs make it convenient for students to earn both a bachelor's and master's degree in just five years. Carroll isn't a one-size-fits-all kind of place and recognizes that everyone is different and we're here to help each student get the most out of their academic experience. In each of our areas of study, students will gain a strong, foundational knowledge and skills that will prepare them for their future. They will enjoy small class sizes and professors who get to know them and are invested in student success. At the graduate level, carroll offers students looking to take their expertise to the next level with accelerated, flexible programs that help them go farther, faster to reach their professional goals.

Financial Efficiency

• Mission deployment rate: 85.9%; rating input score 86
• Program expense ratio: 89.9%; rating input score 90
• Fundraising efficiency: $5.43 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 95.8%; rating input score 96; 49th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 1.6%; rating input score 41; 41st percentile among comparable filings
• Total-asset coverage ratio: 2.02; rating input score 63; 63rd percentile among comparable filings
• Liabilities to assets ratio: 0.15; rating input score 75; 75th percentile among comparable filings
• Officer compensation ratio: 2.3%; rating input score 51; 51st percentile among comparable filings

Growth

• Program expense growth: 3.1% per year; rating input score 100; 23rd percentile among comparable filings
• Revenue growth: 2.8% per year; rating input score 100; 21st percentile among comparable filings
• Asset growth: 4.9% per year; rating input score 100; 36th percentile among comparable filings