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 rating258 of 72628 of 87
Fund acquisition rating376 of 72744 of 87
Resource allocation rating149 of 72711 of 87
Asset utilization rating397 of 72654 of 87

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%19%16%19%23%16%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%5%7%7%3%5%
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
90%95%93%93%97%95%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%91%90%91%91%91%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%96%96%99%97%95%
Program output ratio Program output ratio =
Program services /
Total revenue
81%88%86%90%88%86%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%4%4%1%3%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%2%2%1%2%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%8%9%8%8%8%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.410.420.430.450.45
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.012.142.282.392.512.61
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.640.870.961.041.141.18
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.268.247.346.286.006.42
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.120.140.160.170.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.0312.1310.789.688.798.56
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%11%11%12%12%12%
Debt ratio Debt ratio =
Debt /
Total assets
18%3%3%3%3%3%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%220%211%203%194%195%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$11,411,040$10,280,303$7,703,305$17,014,753$15,536,621
Receivables, inventories, prepaids$18,056,792$22,739,736$20,490,978$10,390,697$13,178,773
Short-term investments$214,357,956$191,743,155$180,034,068$163,753,599$154,853,089
Other current assets$0$0$0$0$0
Total current assets$243,825,788$224,763,194$208,228,351$191,159,049$183,568,483
Long-term investments$0$0$0$0$0
Fixed assets$263,854,681$273,116,692$275,840,039$273,017,464$277,736,943
Other long-term assets$14,158,837$14,363,145$14,599,428$15,874,170$17,136,740
Total long-term assets$278,013,518$287,479,837$290,439,467$288,891,634$294,873,683
Total assets$521,839,306$512,243,031$498,667,818$480,050,683$478,442,166
 
Liabilities20192018201720162015
Payables and accrued expenses$25,170,564$25,134,194$27,342,123$27,204,766$25,106,725
Other current liabilities$4,423,859$5,486,850$5,841,547$4,674,240$3,504,071
Total current liabilities$29,594,423$30,621,044$33,183,670$31,879,006$28,610,796
Debt$14,949,201$14,928,881$14,908,562$15,000,000$15,000,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$10,932,746$10,563,137$10,575,427$12,050,270$11,849,808
Total long-term liabilities$25,881,947$25,492,018$25,483,989$27,050,270$26,849,808
Total liabilities$55,476,370$56,113,062$58,667,659$58,929,276$55,460,604
 
Net assets20192018201720162015
Unrestricted$381,945,048$373,440,557$362,786,886$355,082,357$352,739,299
Temporarily restricted$27,418,346$28,509,902$27,088,915$17,872,455$22,509,966
Permanently restricted$56,999,542$54,179,510$50,124,358$48,166,595$47,732,297
Net assets$466,362,936$456,129,969$440,000,159$421,121,407$422,981,562
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$11,843,608$15,413,766$15,183,310$7,822,820$11,327,050
Program service revenue$202,587,389$205,543,164$201,140,717$211,109,719$210,636,305
Membership dues$0$0$0$0$0
Investment income$5,170,593$4,530,024$4,109,169$4,621,571$4,193,873
Other revenue$253,253($387,212)($270,914)$1,233,035$2,611,940
Total other revenue$208,011,235$209,685,976$204,978,972$216,964,325$217,442,118
Total revenue$219,854,843$225,099,742$220,162,282$224,787,145$228,769,168
 
Expenses20192018201720162015
Program services$193,445,908$194,158,258$197,394,871$198,100,845$197,722,059
Management and general$16,136,607$19,561,334$16,553,731$17,431,707$17,636,174
Fundraising$2,283,892$2,444,008$2,954,358$1,821,285$1,763,616
Total expenses$211,866,407$216,163,600$216,902,960$217,353,837$217,121,849
 
Change in net assets20192018201720162015
Surplus (deficit)$7,988,436$8,936,142$3,259,322$7,433,308$11,647,319
Other changes in net assets$0$0$0$0$0
Total change in net assets$7,988,436$8,936,142$3,259,322$7,433,308$11,647,319

Compensation

NameTitleCompensation
David WrightPresident$334,957
Nancy SchoonmakerCFO - Vice President of Bus.$201,399
Duane KiltyAssociate Professor/Scholar$198,640
Matt LucasChanellor of National & Global$187,905
Robert David RoseVice President of Enrollment$179,199
Stacy HammonsProvost$174,441
Martin RiceDean of Health & Human Science$173,790
Mark BrookerDean School of Bus. National$164,879

Compensation data as of: 6/30/2019


Response from ministry

No response has been provided by this ministry.


History

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


Program accomplishments


Needs