Concordia University - Mequon, WI

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/16/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Founded in 1881, Concordia University Wisconsin's main campus is located on 200 acres of beautiful Lake Michigan shoreline in Mequon, Wisconsin.


Contact information

Mailing address:
Concordia University
12800 N Lake Shore Drive
Mequon, WI 53097

Website: cuw.edu

Phone: 262-243-5700

Email: admissions@cuw.edu


Organization details

EIN: 390833608

CEO/President: Dr. William R. Cario

Chairman: Richard F. Laabs

Board size: 16

Founder:

Year founded: 1941

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Concordia University's Core Values and Mission Statement express our enduring purpose and identity; our very reason for existence as a place of Lutheran Christian higher education. All of the Schools, programs and initiatives of the University are guided by shared fidelity to this central purpose.

Our vision is to be well known nationally and internationally as a premier Lutheran Christian university, widely recognized for meaningful integration of faith and learning. Our alumni will assume significant servant leadership responsibilities in the Church and communities across the nation and around the world.


Mission statement

Concordia University Wisconsin is a Lutheran higher education community committed to helping students develop in mind, body, and spirit for service to Christ in the Church and the world. Our vision is to be well known nationally and internationally as a premier Lutheran Christian university, widely recognized for meaningful integration of faith and learning. Our alumni will assume significant servant leadership responsibilities in the Church and communities across the nation and around the world.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating409 of 94053 of 112
Fund acquisition rating777 of 94298 of 112
Resource allocation rating528 of 94263 of 112
Asset utilization rating20 of 9401 of 112

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%65%300%329%225%209%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%3%1%1%1%1%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%97%99%99%99%99%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%84%82%82%81%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%104%103%104%102%98%
Program output ratio Program output ratio =
Program services /
Total revenue
81%87%85%85%82%80%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-4%-3%-4%-2%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-5%-4%-4%-1%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%14%16%17%17%17%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.980.930.900.590.59
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.7418.6520.6112.223.864.29
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.6418.2719.0710.962.272.53
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.070.790.781.839.865.70
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.161.261.280.550.100.18
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.86-0.17-0.170.504.753.90
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%28%28%25%17%20%
Debt ratio Debt ratio =
Debt /
Total assets
16%16%17%18%13%14%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%74%78%84%141%136%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$2,081,634$2,957,963$8,697,283$7,301,201$7,369,235
Receivables, inventories, prepaids$6,983,019$5,619,151$5,857,213$4,891,934$5,523,111
Short-term investments$0$0$0$55,759,548$47,494,367
Other current assets$0$0$0$0$0
Total current assets$9,064,653$8,577,114$14,554,496$67,952,683$60,386,713
Long-term investments$0$1,512,499$1,367,446$28,929,077$30,796,995
Fixed assets$166,947,129$170,267,947$159,997,980$163,311,109$165,488,784
Other long-term assets($6,947,000)($3,585,239)$1,876,951$2,188,399$2,138,163
Total long-term assets$160,000,129$168,195,207$163,242,377$194,428,585$198,423,942
Total assets$169,064,782$176,772,321$177,796,873$262,381,268$258,810,655
 
Liabilities20202019201820172016
Payables and accrued expenses$5,023,173$7,847,866$4,854,289$3,673,860$7,420,091
Other current liabilities$6,399,778$3,101,865$3,085,039$3,218,244$3,168,269
Total current liabilities$11,422,951$10,949,731$7,939,328$6,892,104$10,588,360
Debt$27,546,733$29,593,309$31,968,881$34,018,547$36,005,761
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$8,318,623$8,139,970$4,553,934$3,877,612$4,055,877
Total long-term liabilities$35,865,356$37,733,279$36,522,815$37,896,159$40,061,638
Total liabilities$47,288,307$48,683,010$44,462,143$44,788,263$50,649,998
 
Net assets20202019201820172016
Without donor restrictions$101,899,809$111,274,043$116,992,077$72,548,458$76,717,548
With donor restrictions$19,876,666$16,815,268$16,342,653$145,044,547$131,443,109
Net assets$121,776,475$128,089,311$133,334,730$217,593,005$208,160,657
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$4,865,337$1,045,167$902,677$1,269,056$1,399,316
Program service revenue$153,705,479$156,816,091$152,662,805$150,373,221$154,066,883
Membership dues$0$0$0$0$0
Investment income$674,730$122,297$79,189$112,093$28,026
Other revenue$8,305$364,896$162,818$225,109$13,308
Total other revenue$154,388,514$157,303,284$152,904,812$150,710,423$154,108,217
Total revenue$159,253,851$158,348,451$153,807,489$151,979,479$155,507,533
 
Expenses20202019201820172016
Program services$138,481,130$134,317,252$130,091,456$125,125,401$124,025,205
Management and general$23,920,490$26,137,400$26,455,165$26,394,259$26,123,292
Fundraising$3,165,067$3,139,218$2,972,739$2,858,467$2,917,618
Total expenses$165,566,687$163,593,870$159,519,360$154,378,127$153,066,115
 
Change in net assets20202019201820172016
Surplus (deficit)($6,312,836)($5,245,419)($5,711,871)($2,398,648)$2,441,418
Other changes in net assets$0$0$0$0$0
Total change in net assets($6,312,836)($5,245,419)($5,711,871)($2,398,648)$2,441,418

Compensation

NameTitleCompensation
Allen ProchnowExec VP & COO$277,683
Patrick T FerryPresident$216,238
Dr Michael BrownPharmacy Professor$211,317
Dr Dean ArnesonDean of School of Pharmacy$210,974
Dr Ernie StremskiPharmacy Professor$205,307
Gretchen JamesonVice President$200,101
Dr Linda SamuelDirector of OT Prog$189,337
Thomas PhillipVice President$164,324
Roy PetersonVice President$123,525
William CarioSr. Vice President$111,240

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 8/16/2021. To update the information below, please email: info@ministrywatch.com


History

Concordia University Wisconsin is known for its breathtaking views of Lake Michigan, and in fact, many students will say the campus' location played a big role in their decision to enroll. But a large percentage of Concordia alumni living today-and even a few current faculty-will recall making a very different commute to school.

That's because Concordia's original campus was located in downtown Milwaukee on 31st Street, between State and Highland Streets. From the school's inception in 1881 to 1983, students who attended CUW (then called Concordia College) did so in the city. The inaugural class of Concordians, which was comprised of 13 students, met in the basement of Trinity Lutheran Church in downtown Milwaukee. The next year, the 31st Street property was purchased to start Concordia's first permanent campus.

For the next approximately eight decades, Concordia College offered high school and the first two years of a liberal arts college program, providing classical, technical, and religious instruction for students who desired to prepare themselves for the ministry of the Lutheran Church. In 1978, The Lutheran Church-Missouri Synod authorized Concordia to become a four-year accredited college that would provide instruction in teacher education, nursing, medical assistant, social work, and engineering.

In a farsighted move in 1982, the LCMS purchased the former campus of the School Sisters of Notre Dame in Mequon, Wisconsin, and the college was moved 15 minutes north of its original site.

On August 27, 1989, the Board of Regents approved the move to university status, and Concordia University Wisconsin became the first university among the 10-member Concordia University System.

In 2012, CUW entered into a strategic relationship with Concordia University in Ann Arbor. The university now consists of two residential campuses in Wisconsin and Ann Arbor, 8 centers located throughout Wisconsin, and online programs that reach students worldwide, with one president and governing body presiding over all.


Program accomplishments

71% of students say CUW has strongly impacted their spiritual formation.

100% pass rate on the National Physical Therapist Exam in 2020.

10% increase in graduation rates over the last five years.

96% of our graduates are employed full or part-time/advanced study within one year of graduation.

97% pass rate on the American Association of Nurse Practitioners exam in 2020.


Needs