Financial Indicators Tool (FIT)

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	Financial Indicators Tool (FIT) Resources The following FIT resources are available: FIT Sample Report CFI Info and Methodology Additional FIT Information FIT Help Text CIC Benchmarking Services Download Your Institution's FIT Report

Financial Indicators Tool (FIT)

In 2005, CIC, with the assistance of The Austen Group, piloted a Financial Indicators Tool (FIT) for a representative sample of 65 CIC member colleges and universities. Based on KPMG’s Composite Financial Index (CFI), the FIT provides an easily comprehensible assessment of an institution’s financial performance that can be tracked over time and benchmarked against similar institutions. In the FIT, four financial ratios—measuring resource sufficiency, operating results, financial assets, and debt management—are presented individually and combined into a single index score indicating the financial health of the institution, tracked over a six-year period. The FIT pilot—and a full FIT report, which will be distributed to all CIC member colleges and universities in March 2007—is funded by grants from the William Randolph Hearst Foundations in support of CIC’s Data Initiatives.

Funder: The William Randolph Hearst Foundations

Program Status: The Financial Indicators Tool (FIT) pilot report was distributed to CIC member institutions participating in the pilot project in December 2005. A full report for all CIC member colleges and universities was distributed in March 2007.

Independent Newsletter Articles:
Winter/Spring 2007: CIC Announces New Financial Benchmarking Service
Summer 2006: Data Initiatives Reach Five-Year Mark

For questions about the FIT, contact CIC Director of Research Hal Hartley, at (202) 466-7230.

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