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The Composite Financial Index is a key metric Council institutions use to assess financial health. Questions on how and why to use the CFI help sharpen its usefulness. by Kami L. Rice

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early a decade ago, Messiah College’s (PA) board of trustees was first introduced to the Composite Financial Index (CFI) by the college’s auditor, KPMG. Dr. Lois Voigt, current vice president for finance at Messiah, wasn’t working for the college then but has been told the board’s initial response was fairly cool, whether

because it didn’t fully understand the index or because it didn’t have good options for comparing Messiah’s CFI score with other institutions’ scores. But that has changed. After her arrival at the college in 2002, Voigt selected the CFI from a range of financial health tools, concluding that, though all approaches for measuring financial health have flaws, the composite index number generated by the CFI offers one of the easiest means for illustrating health indicators to college stakeholders who don’t have financial backgrounds. continued on page 36>>

FALL2009 CCCUADVANCE 35

Profile for Council for Christian Colleges & Universities

CCCU Advance Fall 2009  

The CCCU Advance is the magazine of the Council for Christian Colleges & Universities. Published in the spring and fall of each year, the CC...

CCCU Advance Fall 2009  

The CCCU Advance is the magazine of the Council for Christian Colleges & Universities. Published in the spring and fall of each year, the CC...

Profile for cccu
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