Southeast Tech reports strong financial health with nearly 4.6 score from HLC

Southeast Tech School Board has reported significant financial growth, with its composite financial index (CFI) score rising from 2.7 to nearly 4.5 over the past three years. This score, which is part of the Higher Learning Commission's (HLC) evaluation, positions the institution well within the national standards for financial health, indicating that Southeast Tech is effectively managing its resources and living within its means.

During the board meeting on July 16, 2025, financial metrics were discussed, highlighting the importance of maintaining a balance between growth and fiscal responsibility. The CFI, which ranges from -4 to 10, identifies institutions that are financially stable, with scores above 1.1 considered satisfactory. Southeast Tech's current score reflects a strong financial position that many colleges would envy, according to peer reviewer insights shared during the meeting.

The discussion also touched on the implications of having a high cash reserve, with board members noting that while financial strength is crucial, it is equally important to ensure that funds are being utilized effectively to support student success initiatives. The board emphasized the need for a balanced approach to financial management, avoiding both excessive cash reserves and insufficient funding for educational programs.

In addition to financial updates, the board celebrated the appointment of Dr. Phoenicia Holman as the new Vice President of Academic Affairs. Her selection was met with enthusiasm from various stakeholder groups, reflecting her strong reputation within the institution and the broader educational community.

Overall, the meeting underscored Southeast Tech's commitment to financial health and academic excellence, setting a positive trajectory for the institution's future. The board's proactive approach to financial management and leadership appointments is expected to enhance the educational experience for students and strengthen the college's standing in the region.