In their 12th season under head coach Mike Gary, the Broncos compiled a 2–5 record and were outscored by their opponents, 117 to 77.
[1][2] The team played its home games at Waldo Stadium in Kalamazoo, Michigan.
[3] Guard Wayne Falan and guard/quarterback Harold Benge were the team captains.
[4] Halfback Horace Coleman received the team's most outstanding player award.
267 (out of 697 college football teams) in the final rankings under the Litkenhous Difference by Score system for 1940.