Christian Brothers University is Positioned for Removal from Finance-Related Probation by Winter 2025 11.08.24

Last fall, Christian Brothers University received the news that it had been placed on probation for good cause with the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) for financial, not academic, reasons. The designation led to swift and difficult decisions that ultimately better positioned CBU for future success.

“Over the past year, we have increased the number of first-year students, significantly boosted fundraising and reduced spending,” said Ron Brandon, EVP & CFO. “Like many colleges, universities and organizations facing post-COVID budget woes at that time, we had two choices: decrease expenses or increase revenue.”

“We made outstanding progress minimally affecting our core work, academics, which has earned recognition year after year from U.S. News and World Report,” said Brother Chris Englert. Brother Chris’ popularity, after being named CBU president in April 2024 and officially assuming the role on June 1, has helped energize alumni donors and attract newfound support from other charitable partners. “Still, we must continue on this trajectory to be fully compliant, so we’re working cross-functionally to invest in the right student resources and programs.” 

The leadership team recently deployed Operational Success Plan committees led by faculty and staff. These committees are focused on continuous financial improvements and examining non-tuition revenue opportunities to bolster the bottom line. Meanwhile, Brandon says executive leadership has identified immediate efficiencies, which began at the top and have already led to significant cost savings.

• Executive and Vice Presidents have taken a 5% salary reduction.
• Many vendor contracts have been eliminated and/or reduced in scope. 
• Twenty non-faculty (full and part-time) positions are being discontinued, 12 of which are currently unfilled. 

With these shifts, leaders also identified creative ways to support employees while remaining financially prudent. The employer-sponsored 403(b) match will change from an automatic monthly distribution to an annual, performance-based contribution with higher earning potential—up to a 3% discretionary contribution. Additionally, the university’s pension plan will continue to be offered to eligible employees. After hosting representatives from SACSCOC in October, CBU leaders look forward to finalizing the steps in the process next year. Leaders say the necessary adjustment will result in a surplus budget in the current fiscal year, solidifying CBU’s financial turnaround.