Ashland University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 1/4/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Ashland University is a mid-sized, private, comprehensive university conveniently located a short distance from Akron, Cleveland and Columbus, Ohio. Ashland University values the individual student and offers a unique educational experience that combines the challenge of strong, applied academic programs with a faculty and staff who build nurturing relationships with their students.

Situated on a beautiful 135-acre campus with trees, brick walkways and flower gardens, Ashland University affords close proximity to the big city while offering the advantages of an intimate campus experience in a small-town setting. Deeply rooted in tradition, yet always moving forward, Ashland University provides unparalleled opportunities for students to learn, grow and find their place in the world.

Students

Ashland University is home to nearly 2,200 full-time, undergraduate students. Ninety-two percent of these students are from Ohio, while students also come from 27 other states and 31 countries. Fifty-seven percent of the on-campus students are female. The average ACT score for the 2010 freshman class was 22.9, while the average high school grade point average for that class was 3.37. The University's total enrollment is nearly 6,500 students, and this includes graduate programs as well as off-campus centers in Cleveland, Columbus, Elyria, Mansfield, Massillon, Medina, Westlake and Detroit, Mich.

Academics

The University features a strong academic reputation, offering more than 70 undergraduate majors including programs in finance, political science, toxicology, environmental science, dietetics, athletic training and digital media. In addition, it offers most traditional liberal arts majors as well as a wide range of majors in business and education. The education program, which offers pre-K through doctorate level courses, is one of the largest among institutions in Ohio. Academic programs are enhanced by an Honors Program and the John M. Ashbrook Center for Public Affairs. In addition to its traditional undergraduate studies, Ashland offers a master of American history and government degree program; a master of fine arts in creative writing degree program; a master of business administration degree program; a master of education degree program; a doctor of education degree program; master's degrees and doctorate in theology through Ashland Theological Seminary; a bachelor of science in nursing program, and a bachelor's plus program for students with a non-education degree who want to teach.


Contact information

Mailing address:
Ashland University
401 College Avenue
Ashland, OH 44805

Website: ashland.edu

Phone: 419-289-4142

Email: enrollme@ashland.edu


Organization details

EIN: 340714626

CEO/President: Dr. Carlos Campo

Chairman:

Board size: 30

Founder:

Year founded: 1949

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: No

Member of ECFA since:


Purpose

Ashland University places great emphasis on the importance of each individual. The phrase "Accent on the Individual" has been our motto for many years and characterizes well the nature and content of the campus environment. It means that our concern for the student extends beyond ensuring a quality education in the classroom and laboratory to include a commitment to provide a stimulating and supportive environment in every respect. Ashland University aspires to be a nationally-recognized private university, where traditions of excellence are fostered and students discern their life calling and thrive.


Mission statement

Ashland University, guided by our Christian heritage, is a comprehensive, private university that provides a transformative learning experience, shaping graduates who work, serve and lead with integrity in their local, national, and global communities.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating349 of 81745 of 100
Fund acquisition rating580 of 81782 of 100
Resource allocation rating152 of 81711 of 100
Asset utilization rating394 of 81748 of 100

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%29%22%23%25%61%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%2%2%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%8%11%7%9%6%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%3%2%2%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%92%89%93%91%94%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%91%91%93%92%91%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%99%93%96%97%98%
Program output ratio Program output ratio =
Program services /
Total revenue
82%90%85%89%89%90%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%1%7%4%3%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%1%6%4%3%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%6%6%5%6%5%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.510.490.490.460.48
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.882.522.512.652.847.67
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.691.291.221.291.323.68
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.864.184.833.924.101.64
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.170.240.210.250.240.61
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.807.077.806.916.881.27
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%40%39%42%43%39%
Debt ratio Debt ratio =
Debt /
Total assets
17%27%28%29%31%27%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
142%118%125%119%123%126%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$30,652,289$27,806,685$22,932,126$16,271,998$2,598,732
Receivables, inventories, prepaids$18,358,276$16,462,674$16,708,859$19,959,115$25,912,979
Short-term investments$48,715,660$53,069,115$50,004,939$44,312,451$0
Other current assets$0$0$0$0$0
Total current assets$97,726,225$97,338,474$89,645,924$80,543,564$28,511,711
Long-term investments$3,253,388$1,767,181$2,258,175$2,759,933$46,425,166
Fixed assets$142,859,088$142,001,943$143,293,213$143,071,316$143,125,843
Other long-term assets$2,713,199$2,831,900$2,773,261$2,766,624$517,059
Total long-term assets$148,825,675$146,601,024$148,324,649$148,597,873$190,068,068
Total assets$246,551,900$243,939,498$237,970,573$229,141,437$218,579,779
 
Liabilities20192018201720162015
Payables and accrued expenses$11,056,566$10,157,620$11,633,395$12,018,618$10,564,774
Other current liabilities$12,308,403$10,003,853$11,212,991$7,647,662$6,842,005
Total current liabilities$23,364,969$20,161,473$22,846,386$19,666,280$17,406,779
Debt$66,078,389$67,725,419$69,697,788$70,851,620$58,252,932
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$8,237,598$7,061,770$6,935,383$7,985,552$10,216,382
Total long-term liabilities$74,315,987$74,787,189$76,633,171$78,837,172$68,469,314
Total liabilities$97,680,956$94,948,662$99,479,557$98,503,452$85,876,093
 
Net assets20192018201720162015
Unrestricted$91,849,160$91,825,557$87,734,325$84,163,907$81,125,437
Temporarily restricted$57,021,784$16,421,622$11,438,784$9,749,586$13,502,730
Permanently restricted$0$40,743,657$39,317,907$36,724,492$38,075,519
Net assets$148,870,944$148,990,836$138,491,016$130,637,985$132,703,686
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$9,933,709$13,524,771$8,680,949$9,462,173$6,179,810
Program service revenue$115,296,054$112,371,355$110,204,578$98,847,402$97,216,059
Membership dues$0$0$0$0$0
Investment income$2,802,032$2,379,364$2,439,428$676,654$2,858,972
Other revenue($409,560)($578,868)($2,333)$655,353$779,228
Total other revenue$117,688,526$114,171,851$112,641,673$100,179,409$100,854,259
Total revenue$127,622,235$127,696,622$121,322,622$109,641,582$107,034,069
 
Expenses20192018201720162015
Program services$115,198,814$108,405,527$107,878,535$97,471,955$95,799,812
Management and general$8,137,616$7,393,006$6,078,286$6,356,597$5,454,697
Fundraising$2,895,970$2,975,796$1,965,630$2,399,099$3,782,702
Total expenses$126,232,400$118,774,329$115,922,451$106,227,651$105,037,211
 
Change in net assets20192018201720162015
Surplus (deficit)$1,389,835$8,922,293$5,400,171$3,413,931$1,996,858
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,389,835$8,922,293$5,400,171$3,413,931$1,996,858

Compensation

NameTitleCompensation
Dr Carlos CampoPresident$583,182
Elad GranotDean of Business and Economics$319,125
Robert StollAssoc. Professor - Management$263,601
Roger Beckett Exited 0918Director of Ashbrook Center$228,190
Eun-Woo ChangProvost (exited 12/18)$222,551
Daniel FoxAssociate Professor of Business$218,051
Sivakumar VenkataramanayProfessor - Int'l Business$204,180
Victoria KaskeyAssoc. Professor - Accounting$193,125
Patrick EwingVP of Operations and Planning$189,107
Todd MarshallInterim Provost (entered 1/19)$188,658
Mark HardenFormer Officer$188,593
Marc PasterisVP and Chief Financial Officer$177,861
Margaret A PomfretVP of Institutional Advancement$157,890
William Crothers Exited 1018Interim Vp/Executive Dean$108,290
Robert PoolVP of Student Affairs (entered 7/18)$73,891
Peter Rios Entered 1018Interim VP of Entrollment Management$43,685
Wayne McCown Entered 1018Interim Vp/Executive Dean$38,572
Christopher D BoydTrustee$9,901

Compensation data as of: 5/31/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 1/4/2021. To update the information below, please email: info@ministrywatch.com


History

Founded in 1878 as Ashland College, the name of the institution was changed to Ashland University on May 12, 1989. This change was a practical and logical step based on the many diverse undergraduate, graduate and professional programs offered by the institution. Ashland continues to have a rich tradition as a private, comprehensive institution preparing students for exciting professions and careers. The University consists of four academic colleges -- College of Arts & Sciences, Dauch College of Business & Economics, Schar College of Education and Schar College of Nursing and Health Sciences -- as well as the Graduate, Online and Adult Studies; the Founders School for Continuing Education; and Ashland Theological Seminary.


Program accomplishments


Needs