Strongest financial health – baccalaureate colleges

These 50 baccalaureate colleges rank highest by NACUBO Composite Financial Index (CFI), drawn from 268 institutions with reported data in the U.S. Department of Education data for 2024-25. Dunwoody College of Technology (Minneapolis, MN) leads at 9.6.

Institutions ranked by Financial Health Index (CFI).
#	Institution	Financial Health Index (CFI)
1	Dunwoody College of TechnologyMN · Private	9.6
2	Fisher CollegeMA · Private	8.8
3	Grove City CollegePA · Private	8.8
4	Hillsdale CollegeMI · Private	8.8
5	Chipola CollegeFL · Public	8.7
6	Taylor UniversityIN · Private	8.7
7	Berea CollegeKY · Private	8.6
8	Saint Johns UniversityMN · Private	8.6
9	Carleton CollegeMN · Private	8.5
10	EDP University of Puerto Rico Inc-San JuanPR · Private	8.5
11	Augustana CollegeIL · Private	8.4
12	Randolph-Macon CollegeVA · Private	8.4
13	College of the Holy CrossMA · Private	8.3
14	Occidental CollegeCA · Private	8.3
15	University of Puerto Rico-AguadillaPR · Public	8.3
16	Austin CollegeTX · Private	8.2
17	Colorado CollegeCO · Private	8.2
18	Pasco-Hernando State CollegeFL · Public	8.2
19	Reed CollegeOR · Private	8.2
20	Virginia Military InstituteVA · Public	8.2
21	Ave Maria UniversityFL · Private	8.1
22	Grinnell CollegeIA · Private	8.1
23	Wilmington CollegeOH · Private	8.1
24	Spelman CollegeGA · Private	8.0
25	The University of the SouthTN · Private	7.9
26	University of Puerto RicoPR · Public	7.8
27	Mount Aloysius CollegePA · Private	7.7
28	St. Francis CollegeNY · Private	7.7
29	Trinity UniversityTX · Private	7.7
30	Wellesley CollegeMA · Private	7.7
31	Wheaton CollegeIL · Private	7.7
32	Whitman CollegeWA · Private	7.7
33	Central Methodist University-College of Liberal Arts and SciencesMO · Private	7.6
34	Florida SouthWestern State CollegeFL · Public	7.6
35	Hamilton CollegeNY · Private	7.6
36	Kalamazoo CollegeMI · Private	7.6
37	Roanoke CollegeVA · Private	7.6
38	The College of WoosterOH · Private	7.6
39	Williams CollegeMA · Private	7.6
40	Bryn Mawr CollegePA · Private	7.5
41	Gordon CollegeMA · Private	7.5
42	Saint Vincent CollegePA · Private	7.5
43	Skidmore CollegeNY · Private	7.5
44	University of Puget SoundWA · Private	7.5
45	Vincennes UniversityIN · Public	7.5
46	Virginia Wesleyan UniversityVA · Private	7.5
47	Pomona CollegeCA · Private	7.4
48	Amherst CollegeMA · Private	7.3
49	Huston-Tillotson UniversityTX · Private	7.3
50	Lafayette CollegePA · Private	7.3

The Composite Financial Index (CFI) is the NACUBO/accreditor balance-sheet health score; bond-rating agencies track similar ratios. The CFI clamps and rewards reserves relative to budget size, so this list is limited to institutions with at least 1,000 undergraduates for comparability. A data ranking, not an Ibex endorsement or quality rating. Ranked solely on the metric named above using U.S. Department of Education data for 2024-25; federal collections lag the current academic year, and some measures are no longer published at all, so the most recent figure is not always a recent one. Institutions that do not report this metric are excluded. Figures and peer context appear on each institution’s profile.

Benchmark any school against its true peers

Open the dashboard to filter by sector, Carnegie class, size, and state, or compare schools head-to-head.

Browse & filter Book a 20-minute call

Frequently asked

Which of these baccalaureate colleges ranks highest by NACUBO Composite Financial Index (CFI)?

Dunwoody College of Technology (Minneapolis, MN), at 9.6. It leads 50 institutions shown here, drawn from 268 with reported data.

How is this ranking calculated?

On one disclosed metric only: by NACUBO Composite Financial Index (CFI), from College Scorecard & IPEDS, 2024-25. Institutions that do not report the metric are excluded. It is a data ranking, not an Ibex endorsement, quality rating or reputation survey, and no part of it is estimated or AI-generated.

How current is the data?

This list is built from the College Scorecard release of June 10, 2026 and the newest IPEDS collection on disk, using the most recent figure each of them publishes for the metric it ranks: College Scorecard & IPEDS, 2024-25. Federal collections lag the current academic year by two to three years, so the newest published figure is not always a recent one; the release the leaderboard is dated on is printed under it.

Source: U.S. Department of Education, College Scorecard & IPEDS (each measure carries its own collection year; see the methodology), with NSF NCSES (HERD), the Clery Act & EADA collections, Census ACS, BLS Employment Projections, WICHE & the FSA Direct Loan Dashboard. Compiled by Ibex Insights. For informational benchmarking only, not financial, investment, or accreditation advice. See the methodology.