Indiana Wesleyan University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/11/2021. To update the information in this column, please email: info@ministrywatch.com


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:

Ruling year: 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 rating380 of 99937 of 117
Fund acquisition rating493 of 100157 of 117
Resource allocation rating245 of 100120 of 117
Asset utilization rating584 of 99969 of 117

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%16%19%16%19%23%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%6%5%7%7%3%
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
87%94%95%93%93%97%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%89%91%90%91%91%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%100%96%96%99%97%
Program output ratio Program output ratio =
Program services /
Total revenue
81%89%88%86%90%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%0%4%4%1%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%0%2%2%1%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%10%8%9%8%8%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.410.410.420.430.45
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.772.112.142.282.392.51
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.660.860.870.961.041.14
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.089.248.247.346.286.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.110.120.140.160.17
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.7812.4612.1310.789.688.79
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%10%11%11%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
140%221%220%211%203%194%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$7,007,399$11,411,040$10,280,303$7,703,305$17,014,753
Receivables, inventories, prepaids$16,873,264$18,056,792$22,739,736$20,490,978$10,390,697
Short-term investments$217,302,779$214,357,956$191,743,155$180,034,068$163,753,599
Other current assets$0$0$0$0$0
Total current assets$241,183,442$243,825,788$224,763,194$208,228,351$191,159,049
Long-term investments$0$0$0$0$0
Fixed assets$254,922,121$263,854,681$273,116,692$275,840,039$273,017,464
Other long-term assets$13,220,902$14,158,837$14,363,145$14,599,428$15,874,170
Total long-term assets$268,143,023$278,013,518$287,479,837$290,439,467$288,891,634
Total assets$509,326,465$521,839,306$512,243,031$498,667,818$480,050,683
 
Liabilities20202019201820172016
Payables and accrued expenses$20,024,137$25,170,564$25,134,194$27,342,123$27,204,766
Other current liabilities$6,064,546$4,423,859$5,486,850$5,841,547$4,674,240
Total current liabilities$26,088,683$29,594,423$30,621,044$33,183,670$31,879,006
Debt$14,969,521$14,949,201$14,928,881$14,908,562$15,000,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$10,270,883$10,932,746$10,563,137$10,575,427$12,050,270
Total long-term liabilities$25,240,404$25,881,947$25,492,018$25,483,989$27,050,270
Total liabilities$51,329,087$55,476,370$56,113,062$58,667,659$58,929,276
 
Net assets20202019201820172016
Without donor restrictions$377,468,550$381,945,048$373,440,557$362,786,886$355,082,357
With donor restrictions$80,528,828$84,417,888$82,689,412$77,213,273$66,039,050
Net assets$457,997,378$466,362,936$456,129,969$440,000,159$421,121,407
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$12,518,248$11,843,608$15,413,766$15,183,310$7,822,820
Program service revenue$189,466,894$202,587,389$205,543,164$201,140,717$211,109,719
Membership dues$0$0$0$0$0
Investment income$5,865,597$5,170,593$4,530,024$4,109,169$4,621,571
Other revenue$268,256$253,253($387,212)($270,914)$1,233,035
Total other revenue$195,600,747$208,011,235$209,685,976$204,978,972$216,964,325
Total revenue$208,118,995$219,854,843$225,099,742$220,162,282$224,787,145
 
Expenses20202019201820172016
Program services$185,151,210$193,445,908$194,158,258$197,394,871$198,100,845
Management and general$20,005,114$16,136,607$19,561,334$16,553,731$17,431,707
Fundraising$1,956,958$2,283,892$2,444,008$2,954,358$1,821,285
Total expenses$207,113,282$211,866,407$216,163,600$216,902,960$217,353,837
 
Change in net assets20202019201820172016
Surplus (deficit)$1,005,713$7,988,436$8,936,142$3,259,322$7,433,308
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,005,713$7,988,436$8,936,142$3,259,322$7,433,308

Compensation

NameTitleCompensation
David WrightUniversity President$341,211
Dennis Matthew LucasChancellor/National & Global C$199,170
Martin RiceDean of School of Health Scien$193,458
Nancy SchoonmakerCFO/VP of Business Affairs$190,989
Scott TurcottVP of University Advancement$177,546
Stacy HammonsProvost$174,925
Warren RogersProfessor/Blanchard Endowed Ch$172,109
Diane McDanielVP of Diversity and Inclusion$169,679
Connie ErpeldingTrustee$8,226

Compensation data as of: 6/30/2020


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 8/11/2021. To update the information below, please email: info@ministrywatch.com


History

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


Program accomplishments


Needs