Forbes Magazine (August 13, 2013, issue) listed Johnson University among the 100 most financially fit private colleges in the United States. Johnson ranks 56th on a list that includes universities such as Vanderbilt (ranked 54), Sewanee-The University of the South (ranked 63) and Rhodes College (ranked 94).
Johnson ranks 10th among the 807 colleges accredited by the Southern Association of Colleges and Schools Commissions on Colleges (SACSCOC).
The list, which was published in the August 13, 2013 issue, gave Johnson an overall grade of “A.” The ratings are based on several financial indicators including expendable net assets, tuition as percentage of core revenue, instructional expense per full time equivalent student ratio and the size of the University’s endowment.
About the University’s ranking in this list, Johnson University President Gary Weedman said, “We are pleased to be included in the Forbes list. Fiscal responsibility is a founding principle at Johnson, as is the commitment to provide a quality, affordable college education. Thanks in part to the support of friends and alumni, we have been able to maintain both for decades.”
UPDATED: August 19, 2013
In a follow-up article, Behind Forbes College Financial Grades, Forbes staff writer, Matt Schifrin, gives these nine variables considered in Forbes ratings.
- Endowment Assets Per FTE (15%)
- Primary Reserve Ratio (15%)
- Viability Ratio (10%)
- Core Operating Margin (10%)
- Tuition As A Percentage of Core Revs (15%)
- Return On Assets (10%)
- Admission Yield (10%)
- Percent Freshman Getting Institutional Grants (7.5%)
- Instruction Expenses Per FTE (7.5%)
About Johnson University System
Since 1893, Johnson University has been a leader in Christian higher education. Today the Johnson University System offers more than 40 accredited bachelor’s, master’s, and Ph.D. programs across three campuses – in East Tennessee, Central Florida, and online. The mission of Johnson University remains its primary focus – to equip individuals for Christian ministry and other strategic vocations to extend the kingdom of God.
On July 1, 2013, Johnson University acquired Florida Christian College, Kissimmee, Florida, and will open classes there this fall as Johnson University Florida. The University, elevated to a Level V (doctoral degree granting) on June 2011 by the Southern Association of Colleges and Schools Commission on Colleges, anticipates over 1,000 students on the Knoxville campus this fall.
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