In fiscal year 2025, University of Toledo's Golf program reported $124K in revenue and $984K in expenses, for a net deficit of $860K. The largest revenue source was Contributions at $97K. Among the 76 FBS programs reporting Golf data, University of Toledo ranks 63rd overall in total expenses (21st of 34 Group of Five programs) — below the FBS average of $2.0M. University of Toledo competes in the MAC; financial data is available from FY2011 through FY2025.
| Category | Amount |
|---|---|
| Contributions | $97,259 |
| Other Operating Revenue | $20,343 |
| Direct Institutional Support | $6,607 |
| Category | Amount |
|---|---|
| Athletic Student Aid | $391,122 |
| Coaching Salaries, Benefits and Bonuses paid by the University and Related Entities | $217,350 |
| Team Travel | $181,961 |
| Sports Equipment, Uniforms and Supplies | $62,794 |
| Game Expenses | $62,578 |
| Other Operating Expenses | $55,155 |
| Recruiting | $10,299 |
| Student-Athlete Meals (non-travel) | $1,611 |
| Memberships and Dues | $1,593 |
| Fiscal Year | Revenue | Expenses | Net |
|---|---|---|---|
| FY2025 | $124,209 | $984,463 | -$860K |
| FY2024 | $142,697 | $1,064,370 | -$922K |
| FY2023 | $110,999 | $1,018,547 | -$908K |
| FY2022 | $83,214 | $917,228 | -$834K |
| FY2021 | $46,631 | $719,718 | -$673K |
| FY2020 | $96,484 | $730,632 | -$634K |
The golf program generated $124K in revenue in FY2025, with contributions accounting for a dominant $97K of that total, while expenses reached $984K — led by $391K in athletic student aid — resulting in an $860K deficit. At $984K in total spending, Toledo ranks 63rd out of 76 FBS programs by golf expenses, sitting well below the FBS average of $2.0M. Program costs have fluctuated over the past six years, climbing from $720K in FY2021 to a peak of $1.1M in FY2024 before pulling back modestly to the current level.
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