Case Study: Endicott College achieves balanced project prioritization and funding with Synario

Project Prioritization and Funding in Synario

Endicott College faced exhausted housing and parking capacity and needed to balance five competing capital projects (roughly $100M total) while protecting key debt covenants and funding an ERP rollout. Anthony Ferullo, Endicott’s VP of Finance and CFO, turned to Synario to build a baseline financial model and test alternative prioritizations and funding strategies for those projects.

Using Synario, Ferullo modeled extremes (fully cash, fully debt) and mixed funding (≈40% debt) and found none would sustainably fund every project; by testing alternatives he identified removing the dorm remodel and townhome projects and leasing a nearby apartment as a short‑term housing fix. That Synario‑driven plan—funding the remaining initiatives with a mix of cash and debt—kept operating margin, liquidity ratio, and debt service coverage within required thresholds, won Finance Committee and Board approval, and, via stress tests, showed the college would have about four years to address a 10% enrollment decline; Synario also enabled rapid model updates when COVID‑19 emerged.

Endicott College

Anthony Ferullo

Vice President of Finance and Chief Financial Officer