This article expands on previous research regarding the relative efficiency of National Collegiate Athletic Association III Athletic Departments. In our analysis, we employ Frontier Analysis to develop an efficiency score for each program over the time frame of 2007-2008 to 2011-2012. We find that private schools dominate the rankings of the most efficient athletic departments. In addition, it is clear that some inputs are more valuable than others. In reviewing the yearly cross-sectional results, it is evident that for the average institution, increasing the number of female students participating in sports will yield the greatest expected increases in Director’s Cup points.