Indiana Wesleyan University

Summary

Indiana Wesleyan University is an evangelical Christian comprehensive university that is committed to liberal arts and professional education. U.S. News & World Report ranks Indiana Wesleyan University as "one of the best Master's universities in the Midwest." IWU has been Indiana's fastest-growing University for the past two years. The University's total enrollment, which now exceeds 15,000 students, makes IWU the largest private university in Indiana. One result of this growth has been the establishment of the IWU School of Nursing, a premier nursing school in its own right.


Contact information

Mailing address:
Indiana Wesleyan University
4201 S Washington St
Marion, IN 46953

Website: indwes.edu

Phone: 866-468-6498

Email: ur.info@indwes.edu


Organization details

EIN: 350885591

CEO/President: Dr. David Wright

Chairman:

Board size: 31

Founder:

Year founded: 1970

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

IWU's purpose is to search for truth, by study in liberal arts and in professional education within the framework of Christian faith and philosophy so that the person is developed for service to God and man in the church and in society.


Mission statement

Indiana Wesleyan University is a Christ-centered academic community committed to changing the world by developing students in character, scholarship, and leadership.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating239 of 62421 of 85
Fund acquisition rating294 of 62532 of 85
Resource allocation rating172 of 62514 of 85
Asset utilization rating354 of 62452 of 85

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%16%19%23%16%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
11%7%7%3%5%9%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%1%1%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
89%93%93%97%95%91%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%90%91%91%91%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%96%99%97%95%91%
Program output ratio Program output ratio =
Program services /
Total revenue
82%86%90%88%86%77%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%4%1%3%5%9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%2%1%2%3%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%9%8%8%8%14%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.420.430.450.450.44
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.692.282.392.512.612.73
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.700.961.041.141.181.19
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.897.346.286.006.425.52
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.150.140.160.170.160.18
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.8710.789.688.798.568.26
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
26%11%12%12%12%12%
Debt ratio Debt ratio =
Debt /
Total assets
17%3%3%3%3%3%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%211%203%194%195%202%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$10,280,303$7,703,305$17,014,753$15,536,621$9,681,685
Receivables, inventories, prepaids$22,739,736$20,490,978$10,390,697$13,178,773$14,754,144
Short-term investments$191,743,155$180,034,068$163,753,599$154,853,089$148,182,386
Other current assets$0$0$0$0$0
Total current assets$224,763,194$208,228,351$191,159,049$183,568,483$172,618,215
Long-term investments$0$0$0$0$0
Fixed assets$273,116,692$275,840,039$273,017,464$277,736,943$280,639,480
Other long-term assets$14,363,145$14,599,428$15,874,170$17,136,740$17,645,788
Total long-term assets$287,479,837$290,439,467$288,891,634$294,873,683$298,285,268
Total assets$512,243,031$498,667,818$480,050,683$478,442,166$470,903,483
 
Liabilities20182017201620152014
Payables and accrued expenses$25,134,194$27,342,123$27,204,766$25,106,725$27,124,210
Other current liabilities$5,486,850$5,841,547$4,674,240$3,504,071$4,154,064
Total current liabilities$30,621,044$33,183,670$31,879,006$28,610,796$31,278,274
Debt$14,928,881$14,908,562$15,000,000$15,000,000$15,000,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$10,563,137$10,575,427$12,050,270$11,849,808$10,045,805
Total long-term liabilities$25,492,018$25,483,989$27,050,270$26,849,808$25,045,805
Total liabilities$56,113,062$58,667,659$58,929,276$55,460,604$56,324,079
 
Net assets20182017201620152014
Unrestricted$373,440,557$362,786,886$355,082,357$352,739,299$342,236,316
Temporarily restricted$28,509,902$27,088,915$17,872,455$22,509,966$25,768,184
Permanently restricted$54,179,510$50,124,358$48,166,595$47,732,297$46,574,904
Net assets$456,129,969$440,000,159$421,121,407$422,981,562$414,579,404
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$15,413,766$15,183,310$7,822,820$11,327,050$20,780,735
Program service revenue$205,543,164$201,140,717$211,109,719$210,636,305$201,348,749
Membership dues$0$0$0$0$0
Investment income$4,530,024$4,109,169$4,621,571$4,193,873$3,737,130
Other revenue($387,212)($270,914)$1,233,035$2,611,940$313,389
Total other revenue$209,685,976$204,978,972$216,964,325$217,442,118$205,399,268
Total revenue$225,099,742$220,162,282$224,787,145$228,769,168$226,180,003
 
Expenses20182017201620152014
Program services$194,158,258$197,394,871$198,100,845$197,722,059$174,413,670
Management and general$19,561,334$16,553,731$17,431,707$17,636,174$29,294,046
Fundraising$2,444,008$2,954,358$1,821,285$1,763,616$1,627,447
Total expenses$216,163,600$216,902,960$217,353,837$217,121,849$205,335,163
 
Change in net assets20182017201620152014
Surplus (deficit)$8,936,142$3,259,322$7,433,308$11,647,319$20,844,840
Other changes in net assets$0$0$0$0$0
Total change in net assets$8,936,142$3,259,322$7,433,308$11,647,319$20,844,840

Response from ministry

No response has been provided by this ministry.


History

https://www.indwes.edu/about/iwu-profile/iwu-story


Program accomplishments


Needs