Key Performance Indicators | |||||||||
Type | # | Description | 2021-22 | 2022-23 | 2023-24 | 1-Year Change | 1-Year % Change | 2027 Goal | Next Update |
KPI | 1 | Academic Progress Rate (2nd year retention with GPA above 2.0) | 84.2% | 82.8% | -1.7% | 90% | Apr 2024 | ||
KPI | 2 | FTIC four-year graduation rate | 27.0% | 28.4% | 5.2% | 55% | Apr 2024 | ||
KPI | 3 | FTIC PELL recipient six-year graduation rate | 52.0% | 57.4% | 10.4% | 67% | Apr 2024 | ||
KPI | 4 | Percent of Bachelor’s graduates enrolled or employed full-time (earning salary of $40,000+) | 60.1% | 67.8% | 12.8% | 80% | Apr 2024 | ||
KPI | 5 | Median wages of bachelor’s graduates full-time | $37,000 | $39,500 | 6.8% | $39,400 | Apr 2024 | ||
KPI | 6 | Average cost to student | -$580 | -$17,750 | -2,960.3% | $7,540 | Apr 2024 | ||
KPI | 7 | Bachelor degrees awarded within programs of strategic emphasis | 53.9% | 51.8% | 54.3% | -3.9% | 55% | Apr 2024 | |
KPI | 8 | Graduate degrees awarded within programs in strategic emphasis | 47.3% | 50% | 51.7% | 5.7% | 60% | Apr 2024 | |
KPI | 9 | Number of bachelor degrees awarded to transfers with AA Degrees from FCS | 340 | 341 | 0.3% | 400 | Apr 2024 | ||
KPI | 10 | Professional licensure exam scores relative to benchmarks | 1 | 1 | 100% | 4 | Apr 2024 | ||
KPI | 11 | Number of research doctorates awarded | 28 | 7.7% | 30 | Jul 2023 | |||
KPI | 12 | Fall headcount enrollment | 8,688 | 8,926 | 2.7% | 10,000 | Apr 2024 | ||
KPI | 13 | Total R&D expenditures | $47.0M | $59.0M | 25.5% | $49.0M | Apr 2024 | ||
KPI | 14 | Annual giving | $24.6M | 79.6% | $20.0M | Aug 2023 | |||
KPI | 15 | Endowment value | $110.6M | 15.7% | $150.0M | Aug 2023 | |||
Strategic Priority One - Student Success | |||||||||
Type | # | Description | 2021-22 | 2022-23 | 2023-24 | 1-Year Change | 1-Year % Change | 2027 Goal | Next Update |
SP1 | 1.1 | FTIC 4-Year Graduation Rate |
27% |
28.4% |
5.2% | 55% | Apr 2024 | ||
SP1 | 1.2 | Academic Progress Rate (2nd year retention with GPA above 2.0) | 84.2% | 82.8% | -1.7% | 90% | Apr 2024 | ||
SP1 | 1.3 | FCS AA Transfer Two-Year Graduation Rate | 43% | 39% | -9.3% | 50% | Apr 2024 | ||
SP1 | 1.4 | FTIC Pell Recipients Six-Year Graduation Rate | 52% | 57.4% | 10.4% | 67% | Apr 2024 | ||
SP1 | 1.5 | University Access Rate (Undergraduate with PELL) | 59.3% | 56.8% | -4.2% | 60% | Apr 2024 | ||
SP1 | 1.6 | Average Cost to Student | -$580 | -$17,750 | -2,960.3% | $7,540 | Apr 2024 | ||
SP1 | 1.7 | Percent of Bachelor’s graduates enrolled or employed full-time (earning salary of $40,000+) | 60.1% | 67.8% | 12.8% | 80% | Apr 2024 | ||
SP1 | 1.8 | Median Wages of Bachelor’s Graduates Employed Full-Time | $37,000 | $39,500 | 6.8% | $39,400 | Apr 2024 | ||
Strategic Priority Two - Academic Excellence | |||||||||
Type | # | Description | 2021-22 | 2022-23 | 2023-24 | 1-Year Change | 1-Year % Change | 2027 Goal | Next Update |
SP2 | 2.1 | Research Doctorates Awarded | 28 | 7.7% | 30 | Jul 2023 | |||
SP2 | 2.2 | Bachelor Degrees Awarded within Programs of Strategic Emphasis | 53.9% | 51.8% | -3.9% | 60% | Apr 2024 | ||
SP2 | 2.3 | Bachelor Degrees Awarded to Transfers with AA Degrees from FCS | 340 | 341 | 0.3% | 400 | Apr 2024 | ||
SP2 | 2.4 | Graduate Degrees Awarded within Programs of Strategic Emphasis | 47.3% | 50% | 5.7% | 60% | Apr 2024 | ||
Strategic Priority Three - Leverage The Brand | |||||||||
Type | # | Description | 2021-22 | 2022-23 | 2023-24 | 1-Year Change | 1-Year % Change | 2027 Goal | Next Update |
SP3 | 3.1 | Peer Perception Ratings (U.S. News & World Report Annual Survey) | 2.6 | 4.0% | 3.0 | Sep 2023 | |||
SP3 | 3.2 | Stakeholder Customer Service Surveys | TBD | TBD | TBD | TBD | TBD | TBD | |
Strategic Priority Four - Long Term Fiscal Health And Sustainability | |||||||||
Type | # | Description | 2021-22 | 2022-23 | 2023-24 | 1-Year Change | 1-Year % Change | 2027 Goal | Next Update |
SP4 | 4.1 | Composite Financial Index | TBD | TBD | TBD | TBD | TBD | TBD | |
SP4 | 4.2 | R&D Expenditures | $47.0M | $59.0M | 25.5% | $49.0M | Apr 2024 | ||
SP4 | 4.3 | Annual Research Awards | 1 | 100% | 3 | Jul 2023 | |||
SP4 | 4.4 | Alumni Giving Rate | 6.1% | -1.6% | 10% | Jul 2023 | |||
SP4 | 4.5 | Fundraising Total | $24.6M | 79.6% | $20.0M | Jul 2023 | |||
SP4 | 4.6 | Endowment Value | $111.8M | 1.1% | $150.0M | Jul 2023 | |||
SP4 | 4.7 | Investment Value | $150.9M | -3.0% | $175.0M | Jul 2023 | |||
Strategic Priority Five - Organizational Effectiveness And Transformation | |||||||||
Type | # | Description | 2021-22 | 2022-23 | 2023-24 | 1-Year Change | 1-Year % Change | 2027 Goal | Next Update |
SP5 | 5.1 | Employee Retention Rate | TBD | TBD | TBD | TBD | TBD | TBD | |
SP5 | 5.2 | Employee Satisfaction | TBD | TBD | TBD | TBD | TBD | TBD | |
SP5 | 5.3 | Employee Awareness of Belonging and Engagement Initiatives | TBD | TBD | TBD | TBD | TBD | TBD | |
SP5 | 5.4 | Major/Substantive Audit Findings | 4 | -71.4% | 0 | Jul 2023 | |||
Source: 2023 Accountability Plan approved by FAMU BOT April 19, 2023 | |||||||||
Note: Bold metrics have been updated. The other metrics will be updated in accordance to the last column "Next Update" | |||||||||
Updated: June 5, 2023 |