Single audits filed with the Federal Audit Clearinghouse
$26.2M in federal awards expended in FY2025
Year
Federal $ expended
Auditor
Opinion
Flags
2025
$26.2M
Forvis Mazars, LLP
Unmodified (clean)
Low-risk auditee
2024
$23.3M
Crowe LLP
Unmodified (clean)
Low-risk auditee
2023
$20.0M
Crowe LLP
Unmodified (clean)
Low-risk auditee
2022
$17.2M
Crowe LLP
Unmodified (clean)
Low-risk auditee
Federal Programs
Top programs · FY2025
Program
Agency
Expended
Major program
Findings
Federal Direct Student Loans
Education
$19.3M
Yes
1
Community Facilities Loans and Grants
USDA
$4.0M
Yes
0
Federal PELL Grant Program
Education
$2.0M
Yes
1
Covid-19 Coronavirus State and Local Fiscal Recovery Funds
via Our Southern Indiana Regional Development Authority
Treasury
$515K
No
0
Federal Work-Study Program
Education
$259K
Yes
1
Federal Supplemental Educational Opportunity Grants
Education
$74K
Yes
1
Promotion of the Humanities Teaching and Learning Resources and Curriculum Development
NEA/NEH
$21K
No
0
Audit Findings
FY2025 · auditor's own text
2025-001Special testsMaterial weakness
Federal Program: Student Financial Assistance Cluster
Federal Agency: U.S. Department of Education
Federal Assistance Listing Title and Number: Federal Direct Loan Program 84.268, Federal Pell Grant Program 84.063, Federal Supplemental Educational Opportunities Grant 84.007, Fe…
2025-001Special testsMaterial weakness
Federal Program: Student Financial Assistance Cluster
Federal Agency: U.S. Department of Education
Federal Assistance Listing Title and Number: Federal Direct Loan Program 84.268, Federal Pell Grant Program 84.063, Federal Supplemental Educational Opportunities Grant 84.007, Fe…
2025-001Special testsMaterial weakness
Federal Program: Student Financial Assistance Cluster
Federal Agency: U.S. Department of Education
Federal Assistance Listing Title and Number: Federal Direct Loan Program 84.268, Federal Pell Grant Program 84.063, Federal Supplemental Educational Opportunities Grant 84.007, Fe…
2025-001Special testsMaterial weakness
Federal Program: Student Financial Assistance Cluster
Federal Agency: U.S. Department of Education
Federal Assistance Listing Title and Number: Federal Direct Loan Program 84.268, Federal Pell Grant Program 84.063, Federal Supplemental Educational Opportunities Grant 84.007, Fe…
Source: Federal Audit Clearinghouse single audits (required of organizations expending $1,000,000+ in federal awards per year for fiscal years beginning on or after Oct 1, 2024; $750,000 before).