Anderson University 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/26/2020. To update the information in this column, please email: info@ministrywatch.com
Summary
Anderson University is a selective, comprehensive Christian university offering bachelor's, master's, and doctoral degrees on campus, in Greenville and online.
Contact information
Mailing address:
Anderson University
316 Boulevard
Anderson, SC 29621
Website: andersonuniversity.edu
Phone: 864-231-2000
Email: help@andersonuniversity.edu
Organization details
EIN: 570324906
CEO/President: Evans P Whitaker
Chairman:
Board size: 0
Founder: Daniel Brown, J.P. Reed, Stephen McCulley
Year founded: 1935
Tax deductible: Yes
Fiscal year end: 05/31
Member of ECFA: No
Member of ECFA since:
Purpose
For God and humanity, Anderson University seeks to be an innovative, entrepreneurial, premier comprehensive university where liberal arts, professional studies, and graduate studies thrive within an uplifting, welcoming, and distinctively Christian community of diverse faculty, staff and students dedicated to intellectually rigorous learning, a caring and hospitable campus culture, and personal transformation.
Mission statement
Anderson University is an academic community affiliated with the South Carolina Baptist Convention. It provides a competitive education in the liberal arts, professional, and graduate disciplines, and a co-curricular focus on the development of character, servant leadership, and cultural engagement. This is a diverse community that is intentionally Christ-centered, people-focused, student-oriented, quality-driven, and future-directed.
Statement of faith
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 | | 358 of 817 | 45 of 100 |
| Fund acquisition rating | | 547 of 817 | 76 of 100 |
| Resource allocation rating | | 210 of 817 | 19 of 100 |
| Asset utilization rating | | 385 of 817 | 46 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% | 36% | 26% | 22% | 14% | 14% |
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% | 4% | 4% | 5% | 8% | 6% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 2% | 1% | 1% | 1% | 1% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 90% | 96% | 96% | 95% | 92% | 94% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 85% | 90% | 87% | 82% | 84% | 84% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 95% | 90% | 90% | 87% | 82% |
Program output ratio Program output ratio = Program services / Total revenue | 82% | 85% | 78% | 74% | 73% | 68% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | 5% | 10% | 10% | 13% | 18% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 4% | 7% | 7% | 10% | 14% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 9% | 12% | 17% | 15% | 15% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.52 | 0.51 | 0.49 | 0.47 | 0.45 | 0.47 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.88 | 2.20 | 2.25 | 2.33 | 2.44 | 2.04 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.69 | 1.13 | 1.11 | 1.09 | 1.10 | 0.97 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 5.86 | 11.67 | 12.85 | 12.58 | 8.57 | 8.26 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.17 | 0.09 | 0.08 | 0.08 | 0.12 | 0.12 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.80 | 9.72 | 10.01 | 10.16 | 9.60 | 10.89 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 27% | 24% | 26% | 28% | 29% | 25% |
Debt ratio Debt ratio = Debt / Total assets | 17% | 16% | 17% | 19% | 19% | 16% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 142% | 147% | 151% | 154% | 156% | 157% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $36,445,583 | $35,444,540 | $32,171,675 | $27,639,924 | $32,210,000 |
| Receivables, inventories, prepaids | $3,721,549 | $2,904,475 | $3,500,098 | $4,231,933 | $2,905,404 |
| Short-term investments | $39,701,048 | $38,572,626 | $36,350,499 | $31,917,340 | $31,214,999 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $79,868,180 | $76,921,641 | $72,022,272 | $63,789,197 | $66,330,403 |
| Long-term investments | $3,023,995 | $4,366,372 | $3,906,207 | $3,544,931 | $6,802,492 |
| Fixed assets | $88,438,317 | $87,238,901 | $87,783,753 | $83,800,670 | $57,874,991 |
| Other long-term assets | $4,260,069 | $4,274,253 | $4,318,862 | $4,499,575 | $4,356,852 |
| Total long-term assets | $95,722,381 | $95,879,526 | $96,008,822 | $91,845,176 | $69,034,335 |
| Total assets | $175,590,561 | $172,801,167 | $168,031,094 | $155,634,373 | $135,364,738 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $4,554,487 | $4,642,874 | $4,416,915 | $5,774,629 | $4,253,421 |
| Other current liabilities | $2,289,145 | $1,342,576 | $1,306,603 | $1,672,094 | $3,781,463 |
| Total current liabilities | $6,843,632 | $5,985,450 | $5,723,518 | $7,446,723 | $8,034,884 |
| Debt | $27,959,903 | $29,621,852 | $31,311,978 | $29,541,077 | $21,245,107 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $8,167,266 | $8,524,425 | $10,044,981 | $8,889,706 | $5,230,061 |
| Total long-term liabilities | $36,127,169 | $38,146,277 | $41,356,959 | $38,430,783 | $26,475,168 |
| Total liabilities | $42,970,801 | $44,131,727 | $47,080,477 | $45,877,506 | $34,510,052 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Unrestricted | $100,855,223 | $96,229,409 | $90,159,290 | $74,230,003 | $66,685,654 |
| Temporarily restricted | $0 | $11,689,739 | $10,415,514 | $16,590,808 | $15,323,611 |
| Permanently restricted | $31,764,537 | $20,750,292 | $20,375,813 | $18,936,056 | $18,845,421 |
| Net assets | $132,619,760 | $128,669,440 | $120,950,617 | $109,756,867 | $100,854,686 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $3,919,145 | $4,243,231 | $4,741,586 | $6,267,147 | $5,066,243 |
| Program service revenue | $89,916,802 | $86,263,876 | $80,488,285 | $74,766,671 | $66,611,292 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $1,282,613 | $3,951,675 | $1,362,463 | ($126,681) | $6,961,949 |
| Other revenue | $70,263 | ($48,572) | $43,645 | $34,305 | $24,689 |
| Total other revenue | $91,269,678 | $90,166,979 | $81,894,393 | $74,674,295 | $73,597,930 |
| Total revenue | $95,188,823 | $94,410,210 | $86,635,979 | $80,941,442 | $78,664,173 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $80,832,233 | $74,080,694 | $64,281,047 | $58,869,276 | $53,744,426 |
| Management and general | $7,861,572 | $9,847,676 | $12,996,451 | $10,674,921 | $9,771,003 |
| Fundraising | $1,420,758 | $1,109,475 | $1,041,618 | $902,814 | $695,745 |
| Total expenses | $90,114,563 | $85,037,845 | $78,319,116 | $70,447,011 | $64,211,174 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | $5,074,260 | $9,372,365 | $8,316,863 | $10,494,431 | $14,452,999 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $5,074,260 | $9,372,365 | $8,316,863 | $10,494,431 | $14,452,999 |
Compensation
| Name | Title | Compensation |
| Dr Evans P Whitaker | President | $500,290 |
| Omar Rashed | SVP Administration and Bra | $216,744 |
| Wayne Landrith | SVP Dev & Pres Affairs | $203,005 |
| Steven Nail | Dean-College of Business | $199,914 |
| Martha Hinman | Professor Physical Therapy | $193,232 |
| Danny Parker | Executive Vice President | $176,164 |
| John Duncan | Associate Dean-College of Business | $156,576 |
| Carol Archuleta | Dean-School of Nursing | $143,502 |
| Ben Deaton | Vice President Technology | $141,357 |
| Kristie Cole | Vice President/CFO | $128,834 |
| Donald Wilton | Trustee | $2,400 |
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 10/26/2020. To update the information below, please email: info@ministrywatch.com
History
Program accomplishments
Anderson University is one of the premier private Christian universities in the country. Known among its peers as an institution that provides a rigorous educational experience, grounded in faith and innovation, AU is regularly recognized by national organizations for affordability, excellence, and a commitment to our student's engagement and growth.