Taylor University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/18/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

For more than 170 years, Taylor University has stayed true to its heritage, challenging each generation of students to integrate faith with learning and follow Christ's calling. Though our University's history is not blemish-free, tough times have kept us anchored in faith and committed to our university's mission. Founded in 1846 as Fort Wayne Female College, Taylor University now stands as the oldest non-denominational school in Council for Christian Colleges and Universities (CCCU).


Contact information

Mailing address:
Taylor University
236 W Reade Ave
Upland, IN 46989-1001

Website: taylor.edu

Phone: 800-882-3456

Email: admissions@taylor.edu


Organization details

EIN: 350868181

CEO/President: Michael Lindsay, Ph.D.

Chairman:

Board size: 21

Founder:

Year founded: 1953

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: Yes

Member of ECFA since: 1980


Purpose

With more than 60 majors across the arts, humanities, sciences, and social sciences, and a Foundational Core curriculum that promotes a broad base of knowledge, Taylor encourages students to ask hard questions, apply themselves to the tasks at hand, and embrace their callings.


Mission statement

Taylor's mission is to develop servant leaders marked with a passion to minister Christ's redemptive love and truth to a world in need. We seek to accomplish this mission by striving to be:

Whole Person Focused: We involve students in learning experiences imbued with a vital Christian interpretation of truth and life which foster their intellectual, emotional, physical, vocational, social, and spiritual development.

Biblically Anchored and Liberal Arts Grounded: We offer a liberal arts, professional, and life-long education based upon the conviction all truth has its source in God and His Word.

Christ-Centered: Our Christian faith should permeate all learning-leading to a consistent life of worship, servant leadership, stewardship, and world outreach.

Faith and Learning Integrated: We strive to create specific experiences where the integrative focus of a Christian liberal arts education is clarified, personalized, and applied.

World Engaging: We contribute to the advancement of human knowledge and understanding and serve the evangelical Christian church and the larger, public community for the glory of God.

Servant Leader Motivated: We foster a biblical model of relationships acknowledging both unity and diversity of the followers of Christ within a covenant community, which can be evidenced in a continuing lifestyle of service to and concern for others.


Statement of faith

Taylor University is firmly committed to the lordship of Jesus Christ and evangelical Christianity. To assure the central place of Christian principles in the philosophy and life of the University, the trustees, administration, faculty, and staff believe that:

There is one God, eternally existent in three persons-Father, Son, and Holy Spirit-the only Creator, Redeemer, and Sustainer of all things in heaven and on earth.

The Bible is the only inspired, authoritative written word of God, true and trustworthy in all it affirms.

Jesus Christ is the eternal, living Word of God. Through his incarnation he revealed God's plan of redemption by his virgin birth, sinless life, atoning death, bodily resurrection, and ascension. He will return in power and glory to judge the living and the dead.

The Holy Spirit is present in the life of every believer, testifying to the lordship of Christ, illuminating the Scriptures, and empowering believers for fruitful service and obedience to God's commands.

Humankind, though uniquely created in God's image, rebelled and stands in need of redemption. God, by his grace, extends salvation, reconciliation, and eternal life to anyone who comes to Christ by faith.

The Church is the global body of believers across time who affirm that Jesus Christ is Lord and demonstrate their faith and unity in Christ by loving and serving him and all people.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating640 of 94086 of 112
Fund acquisition rating796 of 942101 of 112
Resource allocation rating341 of 94237 of 112
Asset utilization rating542 of 94066 of 112

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%26%30%23%33%34%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%4%4%3%3%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%14%12%13%9%10%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%4%4%3%3%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%86%88%87%91%90%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%87%88%89%90%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%100%99%94%104%101%
Program output ratio Program output ratio =
Program services /
Total revenue
81%87%87%84%93%89%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%0%1%6%-4%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%0%0%3%-2%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%9%9%8%7%8%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.380.390.360.360.36
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.741.891.941.962.042.13
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.640.720.750.710.740.76
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.0722.9423.9026.2419.6918.98
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.040.040.040.050.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.8615.8515.2616.2615.3815.02
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%16%16%16%16%18%
Debt ratio Debt ratio =
Debt /
Total assets
16%8%9%10%11%12%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%218%217%233%232%231%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$8,062,300$6,153,027$2,881,478$2,254,112$3,846,350
Receivables, inventories, prepaids$3,709,231$6,678,676$8,070,874$5,470,323$8,782,741
Short-term investments$124,425,614$118,489,125$120,077,418$114,005,638$103,107,112
Other current assets$0$0$0$0$0
Total current assets$136,197,145$131,320,828$131,029,770$121,730,073$115,736,203
Long-term investments$7,506,664$8,272,628$7,393,847$6,654,003$6,361,418
Fixed assets$102,571,269$104,871,784$107,528,604$109,518,026$112,897,551
Other long-term assets$10,482,325$10,684,601$10,648,324$10,836,624$11,611,778
Total long-term assets$120,560,258$123,829,013$125,570,775$127,008,653$130,870,747
Total assets$256,757,403$255,149,841$256,600,545$248,738,726$246,606,950
 
Liabilities20202019201820172016
Payables and accrued expenses$4,049,482$4,869,156$4,301,578$5,599,525$5,572,451
Other current liabilities$1,888,716$626,100$691,668$583,556$525,829
Total current liabilities$5,938,198$5,495,256$4,993,246$6,183,081$6,098,280
Debt$21,171,092$23,457,203$24,948,990$26,589,241$30,206,100
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$14,400,110$11,498,900$10,358,068$6,494,764$7,551,616
Total long-term liabilities$35,571,202$34,956,103$35,307,058$33,084,005$37,757,716
Total liabilities$41,509,400$40,451,359$40,300,304$39,267,086$43,855,996
 
Net assets20202019201820172016
Without donor restrictions$106,308,732$107,372,333$111,188,013$112,385,749$109,163,611
With donor restrictions$108,939,271$107,326,149$105,112,228$97,085,891$93,587,343
Net assets$215,248,003$214,698,482$216,300,241$209,471,640$202,750,954
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$14,074,234$12,287,407$12,586,628$8,224,327$9,006,212
Program service revenue$81,234,996$83,561,679$78,775,898$76,093,493$74,725,134
Membership dues$0$0$0$0$0
Investment income$3,787,421$3,815,009$7,503,927$2,414,693$3,130,188
Other revenue($2,700)($1,647)($2,752)($4,681)$278
Total other revenue$85,019,717$87,375,041$86,277,073$78,503,505$77,855,600
Total revenue$99,093,951$99,662,448$98,863,701$86,727,832$86,861,812
 
Expenses20202019201820172016
Program services$86,044,256$86,555,191$83,085,023$80,784,518$77,645,759
Management and general$8,965,298$8,673,002$7,000,184$6,677,183$6,880,100
Fundraising$3,610,471$3,686,020$2,912,861$2,689,197$3,087,051
Total expenses$98,620,025$98,914,213$92,998,068$90,150,898$87,612,910
 
Change in net assets20202019201820172016
Surplus (deficit)$473,926$748,235$5,865,633($3,423,066)($751,098)
Other changes in net assets$0$0$0$0$0
Total change in net assets$473,926$748,235$5,865,633($3,423,066)($751,098)

Compensation

NameTitleCompensation
Paul Lowell HainesPresident until July 2019$381,016
Rex BennettVP of University Advancement$237,120
Michael HammondProvost/Executive Vice President$212,885
Ron SutherlandSpecial Assistant to the President$173,344
Coein Skip TrudeauVP Student Services$162,994
Stephen OlsonVP Business & Finance/CFO$162,141
Edward LinkDir. Stewardship Planning$123,287
Paige CunninghamInterim President$97,565

Compensation data as of: 5/31/2020


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 8/18/2021. To update the information below, please email: info@ministrywatch.com


History

Since its establishment as Fort Wayne Female College by the North Indiana Conference of the Methodist Episcopal Church in 1846, Taylor University has proudly stood for the Gospel of Jesus Christ and hosted countless people who have impacted the world with those same values.

One of the most influential people at Taylor was a young black man with no money in his pockets, just a heart to serve the Lord. God still uses the story and soul of Sammy Morris to bring many to Taylor seeking the same blessing, purpose, and call.

And let's not forget our missionary namesake, Bishop William Taylor; Thaddeus Reade, who led Taylor through financial difficulty and the move to Upland; and Harold Ockenga, who mentored Billy Graham and whose impact led to launch both Fuller and Gordon-Conwell Seminaries.

The list goes on-from Milo Rediger, who served as a mentor to many during his tenure at Taylor, to Don Odle, whose life-changing encounter with Jesus at Taylor led to the launch of Venture for Victory-one of the first, if not the first, sports evangelism outreach efforts.

Additionally, many Taylor women-such as Alice Hamilton and Olive May Draper-have gone on to do wonderful things for God and His kingdom.

Over nearly two centuries, Taylor's mission has been passed from generation to generation of students, professors, presidents, and other influential members of our family.

There are many more instrumental people who have shaped the vision and mission of Taylor University throughout the last 170-plus years. But three things bind all these Taylor heroes together-their heart for God, their urgent pursuit to proclaim the word of God in an atmosphere of faith and learning, and their humble approach to serving those whom God placed in their path.

But our history doesn't end with these heroes. Today our university holds many stories about current alumni, students, staff, and faculty who are serving each other and the global community. Through war, depression, recession, and tragedy, Taylor University has continued to serve God, our community, and our world.


Program accomplishments

Taylor ranks second among Indiana schools, including Notre Dame, Butler, and Purdue, and second nationally among CCCU schools, including Trinity, Westmont, and Calvin, for average incoming freshman SAT score.

Wide variety of study and service abroad opportunities, Taylor is ranked third nationally of baccalaureate schools for the number of students who experienced a short-term trip. 98% of graduates secure a full-time or part-time job, post-graduate internship, or graduate school placement within six months after graduation.


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