92nd is definitely lower than is acceptable. That being said, it will always be difficult for Wake to maintain a position in the top 40 on this list. We can get there every once in a while when several teams have good years, but, we simply do not field teams in enough of the sports to be consistently high in this list - it is not reasonable to expect us to.
Our good years in the Director's Cup list are when FH wins a Natty (or goes to the final 4 umpteen years in a row), soccer wins a natty (and went to the college cup several times), baseball makes the tourney, basketball makes the tourney and maybe the 2nd round, etc. Everything has to break right for us.
IIRC, you count your top 10 men's and top 10 women's sports out of the whole list - we barely field enough teams to count - so we have to count them all. We don't have swimming&diving(m&w), wrestling, lacrosse, softball, rowing, fencing, water polo, bowling, gymnastics (m&w), ice hockey (m&w)... etc. etc.
I looked at some of the scoring info and this past winter is a good example. We scored zero Director's Cup points during the winter season. There are 15 sports counted for the winter - we field teams in exactly 4 of them - and that is counting m&w track and field, where we don't REALLY field a team. M&W basketball are the only two winter sports where we have a chance of collecting points, and we all know the state of those teams right now (the other sports are bowling, fencing, m&w gymnastics, m&w ice hockey, rifle, skiing, m&w swimming/diving, and wrestling).
Our focus needs to be on competing in the sports we field, if we do that we will naturally move up this list - but we will never be near the top. Anytime we finish in the top 30 is pretty much miraculous.