NDC Strategic Plan
A Financially Stable & Strong Future
Strategic Initiative #2: Notre Dame will establish a sustainable financial model to assure a strong future beyond its centennial
Notre Dame College will continue to be heavily dependent on undergraduate tuition in its financial model. However, this dependence can be lessened through the diversification of revenue streams, focus on retention and the implementation of new programs and activities to promote growth in undergraduate, graduate, and continuing professional education. At the same time, the college will continue to implement best practices related to higher education finance, but it should also borrow from other industries best practices that may enhance the finance operations of the college. The college will continue to look for operational efficiencies as a good steward of institutional resources. The role of philanthropy must be increased to support Notre Dame students, operations, endowment, and the physical needs of the campus.
Objective 1: Notre Dame will strengthen and solidify its recruitment model for traditional-aged students to enroll a minimum of 1,000 and a maximum of 1,400 students while maximizing net tuition revenue.
Objective 2: Notre Dame will create a campus culture which encourages and maximizes creative thought for continued growth in revenue and sustainability.
Objective 5: Strengthen and expand the role of philanthropy supporting the short- and long-term financial health of the college.
Objective 6: Launch a Centennial Campaign focused on scholarship & capital projects.
Objective 10: Notre Dame will invest in our greatest asset, our faculty and staff, in becoming a great place to work in Northeastern Ohio.
Objective 11: Become a vibrant center for community engagement to strengthen and expand reputation and to generate revenue through campus rentals, camps, and related activities.
Outcomes & Measures
Improved student satisfaction as measured by NSSE and retention – possibly investigate using SSI (Student Satisfaction Inventory) data as well.
Campus-Enhancement Project $65,000
Return on Investment
30% growth in total revenue over five years (estimate)