Taylor University 
The information on this page was last updated 4/12/2023. If you see errors or omissions, please email: [email protected]
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: [email protected]
Organization details
EIN: 350868181
CEO/President: D. Michael Lindsay, Ph.D.
Chairman: Chris L Goeglein
Board size: 20
Founder:
Ruling year: 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.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 746 of 1106 | 108 of 129 |
| Fund acquisition rating | | 840 of 1107 | 105 of 129 |
| Resource allocation rating | | 489 of 1107 | 61 of 129 |
| Asset utilization rating | | 656 of 1106 | 92 of 129 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 14% | 28% | 26% | 30% | 23% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 3% | 3% | 4% | 4% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 22% | 23% | 11% | 14% | 12% | 13% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 4% | 3% | 4% | 4% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 78% | 77% | 89% | 86% | 88% | 87% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 85% | 87% | 87% | 88% | 89% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 83% | 91% | 100% | 99% | 94% |
Program output ratio Program output ratio = Program services / Total revenue | 78% | 70% | 79% | 87% | 87% | 84% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 17% | 9% | 0% | 1% | 6% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 8% | 4% | 0% | 0% | 3% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 12% | 9% | 9% | 9% | 8% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.51 | 0.34 | 0.34 | 0.38 | 0.39 | 0.36 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.64 | 1.89 | 1.75 | 1.89 | 1.94 | 1.96 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.40 | 0.65 | 0.59 | 0.72 | 0.75 | 0.71 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.60 | 24.25 | 26.21 | 22.94 | 23.90 | 26.24 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.34 | 17.74 | 19.63 | 15.85 | 15.26 | 16.26 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 24% | 15% | 12% | 16% | 16% | 16% |
Debt ratio Debt ratio = Debt / Total assets | 11% | 11% | 7% | 8% | 9% | 10% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 151% | 248% | 263% | 218% | 217% | 233% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $7,987,584 | $11,065,964 | $8,062,300 | $6,153,027 | $2,881,478 |
| Receivables, inventories, prepaids | $10,125,797 | $3,594,657 | $3,709,231 | $6,678,676 | $8,070,874 |
| Short-term investments | $138,933,977 | $145,608,366 | $124,425,614 | $118,489,125 | $120,077,418 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $157,047,358 | $160,268,987 | $136,197,145 | $131,320,828 | $131,029,770 |
| Long-term investments | $14,651,001 | $9,132,705 | $7,506,664 | $8,272,628 | $7,393,847 |
| Fixed assets | $99,665,830 | $100,286,874 | $102,571,269 | $104,871,784 | $107,528,604 |
| Other long-term assets | $25,875,930 | $10,627,844 | $10,482,325 | $10,684,601 | $10,648,324 |
| Total long-term assets | $140,192,761 | $120,047,423 | $120,560,258 | $123,829,013 | $125,570,775 |
| Total assets | $297,240,119 | $280,316,410 | $256,757,403 | $255,149,841 | $256,600,545 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $5,835,441 | $5,554,744 | $4,049,482 | $4,869,156 | $4,301,578 |
| Other current liabilities | $640,081 | $561,136 | $1,888,716 | $626,100 | $691,668 |
| Total current liabilities | $6,475,522 | $6,115,880 | $5,938,198 | $5,495,256 | $4,993,246 |
| Debt | $31,470,195 | $19,455,609 | $21,171,092 | $23,457,203 | $24,948,990 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $6,424,615 | $6,960,690 | $14,400,110 | $11,498,900 | $10,358,068 |
| Total long-term liabilities | $37,894,810 | $26,416,299 | $35,571,202 | $34,956,103 | $35,307,058 |
| Total liabilities | $44,370,332 | $32,532,179 | $41,509,400 | $40,451,359 | $40,300,304 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $110,815,125 | $115,429,682 | $106,308,732 | $107,372,333 | $111,188,013 |
| With donor restrictions | $142,054,662 | $132,354,549 | $108,939,271 | $107,326,149 | $105,112,228 |
| Net assets | $252,869,787 | $247,784,231 | $215,248,003 | $214,698,482 | $216,300,241 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $28,668,284 | $11,730,450 | $14,074,234 | $12,287,407 | $12,586,628 |
| Program service revenue | $82,959,452 | $84,087,053 | $81,234,996 | $83,561,679 | $78,775,898 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $10,477,285 | $8,229,079 | $3,787,421 | $3,815,009 | $7,503,927 |
| Other revenue | $146,588 | $0 | ($2,700) | ($1,647) | ($2,752) |
| Total other revenue | $93,583,325 | $92,316,132 | $85,019,717 | $87,375,041 | $86,277,073 |
| Total revenue | $122,251,609 | $104,046,582 | $99,093,951 | $99,662,448 | $98,863,701 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $86,134,989 | $82,046,527 | $86,044,256 | $86,555,191 | $83,085,023 |
| Management and general | $11,754,890 | $8,951,289 | $8,965,298 | $8,673,002 | $7,000,184 |
| Fundraising | $3,986,403 | $3,232,748 | $3,610,471 | $3,686,020 | $2,912,861 |
| Total expenses | $101,876,282 | $94,230,564 | $98,620,025 | $98,914,213 | $92,998,068 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $20,375,327 | $9,816,018 | $473,926 | $748,235 | $5,865,633 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $20,375,327 | $9,816,018 | $473,926 | $748,235 | $5,865,633 |
Compensation
| Name | Title | Compensation |
| Paige Cunningham | Interim President until August 2021 | $232,316 |
| Rex Bennett | VP of University Advancement | $225,204 |
| Dr D Michael Lindsay | President beginning August 2021 | $176,989 |
| Stephen Olson | VP Business & Finance / CFO | $170,958 |
| Ron Sutherland | Special Assistant to the President | $166,203 |
| Mark Cosgrove | Faculty Member | $156,436 |
| Vance Maloney | Faculty Member | $155,598 |
| Coein (Skip) Trudeau | VP of Student Services | $151,300 |
| Thomas Jones | Faculty Member | $136,872 |
Compensation data as of: 5/31/2022
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 4/12/2023. To update the information below, please email: [email protected]
History
For a timeline, visit: taylor.edu/about/heritage
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.