Southwest Baptist University 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/27/2020. To update the information in this column, please email: info@ministrywatch.com
Summary
Founded in 1878, Southwest Baptist University is a private Christian college with campuses in Bolivar, Springfield, Salem and Mountain View, Missouri.
Contact information
Mailing address:
Southwest Baptist University
1600 University Ave
Bolvar, MO 65613-2578
Website: sbuniv.edu
Phone: 800-526-5859
Email: admissions@sbuniv.edu
Organization details
EIN: 440567385
CEO/President: Dr. Eric A. Turner
Chairman: Ryan Palmer
Board size: 24
Founder: Abner S. Ingman and James R. Maupin
Year founded: 1947
Tax deductible: Yes
Fiscal year end: 05/31
Member of ECFA: No
Member of ECFA since:
Purpose
Southwest Baptist University will be the exemplar Christian university, providing a transformative and holistic educational experience. The mission statement of the University implies there will be a fusing of the liberal arts with career preparation and the Christian faith with learning. Recognition is also given to the enduring values of the liberal arts as the foundation of critical thinking, decision making, and the high literacy required for responsible careers in the contemporary world.
Mission statement
Southwest Baptist University is a Christ-centered, caring academic community preparing students to be servant leaders in a global society.
Statement of faith
The Board of Trustees adopts the following Statement of Faith and Belief:
It is hereby expressly declared that Southwest Baptist University is, and must forever remain, distinctively a Baptist institution. It must conserve, defend, and promote the fundamentals of the Baptist Faith, and in all its teachings and policies conform to and be in harmony with the established and acknowledged principles and policies of Baptist churches affiliated with the Missouri Baptist Convention and with the Southern Baptist Convention.
We hold the following as fundamental Baptist Doctrine:
Belief in the inspiration and all sufficient authority of the Bible in all matters of Christian faith and practice.
The absolute Deity, the Virgin birth, the vicarious death, the bodily resurrection, the visible second coming, and the supreme Lordship of Jesus Christ.
That salvation is only and wholly by grace through faith.
That the human conditions of salvation are-Repentance toward God and faith in our Lord Jesus Christ.
That the individual soul is competent to deal directly with God through Christ.
That all members are entitled to equal privileges in the church.
That the true ideal of the relations between church and state is "a free church and a free state."
That a church is a body of baptized believers associated together in solemn covenant, with Christ as its head and the scriptures as its Law, to worship God, conserve and administer the ordinances of His house, and to preach the Gospel to the world.
The ordinances of the church are two, viz: Baptism and the Lord's Supper.
That baptism is immersion in water, by a scripturally authorized administrator, of a believer in Christ; that its purpose is to symbolize the death of the subject to sin and his resurrection to a newness of life.
That the Lord's Supper is memorial in nature and that the terms of admission to the supper are regeneration, baptism, and church membership.
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 388 of 817 | 51 of 100 |
| Fund acquisition rating | | 526 of 817 | 72 of 100 |
| Resource allocation rating | | 301 of 817 | 33 of 100 |
| Asset utilization rating | | 370 of 817 | 45 of 100 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 19% | 24% | 19% | 24% | 17% | 18% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 2% | 2% | 3% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 10% | 10% | 13% | 11% | 14% | 13% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 2% | 2% | 3% | 3% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 90% | 90% | 87% | 89% | 86% | 87% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 85% | 87% | 88% | 85% | 86% | 86% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 100% | 99% | 101% | 96% | 97% |
Program output ratio Program output ratio = Program services / Total revenue | 82% | 87% | 87% | 86% | 82% | 83% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | 0% | 1% | -1% | 4% | 3% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 0% | 1% | -1% | 4% | 3% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 11% | 10% | 12% | 12% | 12% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.52 | 0.55 | 0.53 | 0.50 | 0.50 | 0.50 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.88 | 2.42 | 2.51 | 2.62 | 2.64 | 2.47 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.69 | 1.32 | 1.34 | 1.32 | 1.32 | 1.24 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 5.86 | 2.55 | 2.61 | 2.33 | 2.25 | 2.42 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.17 | 0.39 | 0.38 | 0.43 | 0.45 | 0.41 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.80 | 5.53 | 5.52 | 5.19 | 5.02 | 5.67 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 27% | 37% | 36% | 39% | 39% | 40% |
Debt ratio Debt ratio = Debt / Total assets | 17% | 20% | 20% | 21% | 21% | 21% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 142% | 115% | 119% | 121% | 121% | 120% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $3,164,169 | $1,936,275 | $3,775,357 | $3,241,706 | $2,499,327 |
| Receivables, inventories, prepaids | $3,974,554 | $4,178,214 | $4,434,943 | $4,341,347 | $4,427,249 |
| Short-term investments | $27,693,092 | $27,704,263 | $24,624,937 | $24,081,339 | $26,572,307 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $34,831,815 | $33,818,752 | $32,835,237 | $31,664,392 | $33,498,883 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $41,964,462 | $43,169,233 | $44,727,589 | $43,245,274 | $40,453,875 |
| Other long-term assets | $7,553,262 | $8,015,692 | $8,410,202 | $8,638,103 | $8,888,728 |
| Total long-term assets | $49,517,724 | $51,184,925 | $53,137,791 | $51,883,377 | $49,342,603 |
| Total assets | $84,349,539 | $85,003,677 | $85,973,028 | $83,547,769 | $82,841,486 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $12,984,998 | $12,484,472 | $13,606,757 | $13,556,117 | $13,219,023 |
| Other current liabilities | $650,781 | $467,540 | $486,599 | $544,850 | $620,116 |
| Total current liabilities | $13,635,779 | $12,952,012 | $14,093,356 | $14,100,967 | $13,839,139 |
| Debt | $16,943,575 | $16,638,038 | $18,315,568 | $17,540,539 | $17,685,608 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $784,517 | $1,253,943 | $1,172,478 | $1,107,190 | $1,285,531 |
| Total long-term liabilities | $17,728,092 | $17,891,981 | $19,488,046 | $18,647,729 | $18,971,139 |
| Total liabilities | $31,363,871 | $30,843,993 | $33,581,402 | $32,748,696 | $32,810,278 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Unrestricted | $30,837,332 | $29,528,149 | $30,524,977 | $26,515,557 | $26,116,755 |
| Temporarily restricted | $5,214,183 | $8,612,990 | $6,625,831 | $10,099,014 | $10,028,170 |
| Permanently restricted | $16,934,153 | $16,018,545 | $15,240,818 | $14,184,502 | $13,886,283 |
| Net assets | $52,985,668 | $54,159,684 | $52,391,626 | $50,799,073 | $50,031,208 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $4,461,100 | $5,745,634 | $4,613,678 | $6,217,890 | $5,485,620 |
| Program service revenue | $39,550,973 | $38,918,564 | $36,958,681 | $36,376,262 | $36,304,453 |
| Membership dues | $8,050 | $6,200 | $5,975 | $7,760 | $8,540 |
| Investment income | $1,688,286 | $1,212,257 | $1,317,813 | $1,271,113 | $1,251,500 |
| Other revenue | $324,274 | $52,191 | $152,769 | ($150,411) | ($14,696) |
| Total other revenue | $41,571,583 | $40,189,212 | $38,435,238 | $37,504,724 | $37,549,797 |
| Total revenue | $46,032,683 | $45,934,846 | $43,048,916 | $43,722,614 | $43,035,417 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $40,063,194 | $39,773,003 | $36,893,230 | $35,956,648 | $35,696,985 |
| Management and general | $4,869,689 | $4,482,395 | $5,302,076 | $4,917,932 | $4,870,938 |
| Fundraising | $1,076,097 | $1,075,580 | $1,119,237 | $1,068,568 | $1,007,217 |
| Total expenses | $46,008,980 | $45,330,978 | $43,314,543 | $41,943,148 | $41,575,140 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | $23,703 | $603,868 | ($265,627) | $1,779,466 | $1,460,277 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $23,703 | $603,868 | ($265,627) | $1,779,466 | $1,460,277 |
Compensation
| Name | Title | Compensation |
| C Pat Taylor | President End 08/2018 | $369,088 |
| Lee Skinkle | Provost | $144,529 |
| Steve Lesh | Prof/Chair Physical Therapy | $133,877 |
| Tara Parson | CFO/VP of Administration | $128,121 |
| Brad Johnson | VP For University Relations | $123,444 |
| Allison Langford | Assistant Provost & Director | $123,134 |
| Eric Turner | President Begin 08/2018 | $116,715 |
Compensation data as of: 5/31/2019
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 10/27/2020. To update the information below, please email: info@ministrywatch.com
History
Southwest Baptist University first opened its doors in 1878 in Lebanon, MO, as Southwest Baptist College. In 1879 the college was chartered by the state of Missouri and moved to Bolivar. Early writings recount a legacy of sacrificial giving and extraordinary efforts by Baptists in southwest Missouri to establish and maintain the college. The founders, Abner S. Ingman and James R. Maupin, faced many difficulties as they rode horseback seeking funds, students and an ideal college site. Each spring semester, SBU celebrates Founders Day. It is a time to reflect upon our rich heritage and to remember that in 1878, our founding fathers, Ingman and Maupin, established Southwest Baptist College. Founders Day is an important time when we are challenged to reflect on our past and to thank God for the people who have made the success of today possible. The college faced many hardships in its early years and actually closed from 1910-13 to regain financial solvency and to recover from a devastating fire that destroyed the college's only building. The efforts and prayers of area supporters and Missouri Baptists brought results, and the college reopened in 1913 as a two-year junior college. The University has maintained its strong Baptist heritage through its affiliation with the Missouri Baptist Convention, which provides financial support for the University and elects the 25-member board of trustees which governs the institution. The Missouri Baptist Convention approved plans in 1964 for the college to become a senior liberal arts college. The first baccalaureate degrees were awarded in 1967. Bolivar citizens donated a 102-acre farm on the southern edge of the city that allowed the college to expand beyond the small 10-acre campus located near downtown. Another milestone occurred in 1981 when the college name was changed to Southwest Baptist University. In 1995 the University entered a joint nursing education agreement with St. John's Regional Medical Center in Springfield, MO, to form St. John's School of Nursing of SBU. The school became the St. John's College of Nursing and Health Sciences in 2005. St. John's changed its name in 2012, making the name of the college Mercy College of Nursing and Health Sciences of SBU. Today, SBU is a thriving higher education institution with more than 3,600 undergraduate and graduate students enrolled annually. The 152-acre main campus is located in the southern portion of Bolivar, a community of about 10,300 residents that serves as the county seat of Polk County. Bolivar is located about 25 miles north of Springfield, which is the third-largest city in the state of Missouri after St. Louis and Kansas City. The University also operates campuses in Mountain View, Salem and Springfield, MO. An online campus was added in 2019.