Richmont Graduate University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 4/5/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Celebrating more than 70 years as an institution, Richmont Graduate University is the 3rd oldest U.S. graduate school teaching professional counseling from a Christian perspective.

Richmont Graduate University provides Christ-centered education and research that advances God's work of healing, restoration, and transformation in the lives of individuals, churches, and communities.

The School of Counseling provides graduate programs that integrate counselor education and Christian faith. Richmont's programs are known for academic and clinical excellence as well as an excellent student experience. The Master of Arts in Clinical Mental Health Counseling is accredited by CACREP.

The goal of the School of Ministry is to advance the Gospel by increasing the capacities of students to understand God's Word (Knowing), to become whole and holy people (Being), and to lead and serve effectively (Doing). Graduate programs in Ministry, Spiritual Formation, and Spiritual Direction are available.


Contact information

Mailing address:
Richmont Graduate University
1900 The Exchange SE
Building 100
Atlanta, GA 30339

Website: richmont.edu

Phone: 404-233-3949

Email: admissions@richmont.edu


Organization details

EIN: 620789275

CEO/President: Timothy Quinnan, Ph.D.

Chairman: Clark Miller

Board size: 12

Founder:

Year founded: 1956

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1983


Purpose

Richmont is a graduate institution aimed at providing master's level degrees in counseling, ministry, and psychological studies from a Christian perspective. Our belief is that our students should walk into their future careers with a foundation based on the values set before us by Christ.

In the midst of these goals, we strive to provide a strong community, real-life training, and approachable educators equipped to bring life and experience into every setting. Located on two beautiful campuses in Atlanta and Chattanooga, we believe Richmont is perfectly situated to enhance a culture of higher education and innovation.


Mission statement

Richmont Graduate University provides Christ-centered education and research that advances God's work of healing, restoration, and transformation in the lives of individuals, churches, and communities. We train the next generation of master's level mental health counselors and ministers, and offer low cost counseling service to provide accces to services to people who might otherwise go without care.


Statement of faith

Richmont Graduate University is founded on principles that adhere to the National Association of Evangelicals Statement of Faith appearing below. This statement has been affirmed by more than seventy denominations and thus represents a broad evangelical consensus. All faculty members affirm this statement, and students who attend Richmont will be taught from a Christian perspective.

We believe the Bible to be the inspired, the only infallible, authoritative Word of God.

We believe that there is one God, eternally existent in three persons: Father, Son, and Holy Spirit.

We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and in His personal return in power and glory.

We believe that for the salvation of lost and sinful man, regeneration by the Holy Spirit is absolutely essential.

We believe in the present ministry of the Holy Spirit by whom the Christian is enabled to live a godly life.

We believe God's redemptive purpose will be consumated by the return of Christ to raise the dead, judge all people and establish His glorious kingdom.

We believe in the spiritual unity of believers in our Lord Jesus Christ.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating392 of 81755 of 100
Fund acquisition rating613 of 81785 of 100
Resource allocation rating401 of 81753 of 100
Asset utilization rating187 of 81716 of 100

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%36%33%36%17%6%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%1%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%6%4%5%9%25%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%1%2%1%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%94%96%95%91%75%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%84%82%82%79%79%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%104%108%100%103%83%
Program output ratio Program output ratio =
Program services /
Total revenue
82%88%88%82%81%65%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-4%-8%0%-3%17%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-4%-7%0%-2%15%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%14%17%16%20%19%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.850.810.730.700.66
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.882.903.493.363.793.78
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.692.462.832.442.642.48
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.864.383.853.643.843.66
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.170.230.260.280.260.27
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.803.763.143.573.373.51
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%8%7%8%8%8%
Debt ratio Debt ratio =
Debt /
Total assets
17%0%0%0%1%1%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
142%109%114%126%132%140%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$502,857$285,275$476,108$219,107$357,260
Receivables, inventories, prepaids$379,008$310,223$290,560$317,437$281,634
Short-term investments$1,736,744$1,637,822$1,784,234$1,711,870$1,680,268
Other current assets$0$0$0$0$0
Total current assets$2,618,609$2,233,320$2,550,902$2,248,414$2,319,162
Long-term investments$978,126$1,377,123$1,266,197$1,276,560$1,304,272
Fixed assets$3,974,253$4,148,397$4,718,582$4,952,530$5,112,795
Other long-term assets$30,841$29,718$30,043$32,940$31,678
Total long-term assets$4,983,220$5,555,238$6,014,822$6,262,030$6,448,745
Total assets$7,601,829$7,788,558$8,565,724$8,510,444$8,767,907
 
Liabilities20192018201720162015
Payables and accrued expenses$196,348$209,102$285,389$230,162$279,750
Other current liabilities$401,656$370,844$416,140$354,888$354,401
Total current liabilities$598,004$579,946$701,529$585,050$634,151
Debt$0$0$0$80,000$80,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$80,000$80,000
Total liabilities$598,004$579,946$701,529$665,050$714,151
 
Net assets20192018201720162015
Unrestricted$5,331,390$5,577,559$6,419,490$6,377,060$6,587,419
Temporarily restricted$1,672,435$1,494,634$1,308,286$1,331,915$1,329,918
Permanently restricted$0$136,419$136,419$136,419$136,419
Net assets$7,003,825$7,208,612$7,864,195$7,845,394$8,053,756
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$362,316$259,266$280,076$525,770$1,750,414
Program service revenue$5,655,204$5,342,043$5,686,053$4,980,040$4,986,159
Membership dues$0$0$0$0$0
Investment income$5,479$83,022$66,784$79,161$95,309
Other revenue$180,545$161,328$173,727$188,597$138,786
Total other revenue$5,841,228$5,586,393$5,926,564$5,247,798$5,220,254
Total revenue$6,203,544$5,845,659$6,206,640$5,773,568$6,970,668
 
Expenses20192018201720162015
Program services$5,437,772$5,158,601$5,097,622$4,658,192$4,556,495
Management and general$883,282$1,073,053$1,018,741$1,185,231$1,092,772
Fundraising$131,776$84,599$101,692$87,931$111,978
Total expenses$6,452,830$6,316,253$6,218,055$5,931,354$5,761,245
 
Change in net assets20192018201720162015
Surplus (deficit)($249,286)($470,594)($11,415)($157,786)$1,209,423
Other changes in net assets$0$0$0$0$0
Total change in net assets($249,286)($470,594)($11,415)($157,786)$1,209,423

Compensation

NameTitleCompensation
Timothy QuinnanPresident$193,452
Dan SartorCounselor$154,063
Mary L PliscoDirector of Research$138,505
Vanessa R SnyderDean of Clinical Affairs$132,012
Bill McGeeCounselor$111,686

Compensation data as of: 6/30/2019


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 4/5/2021. To update the information below, please email: info@ministrywatch.com


History

Today, Richmont is a fast-growing, Christ-centered graduate school providing a master's-level training in Christian counseling. We are active at both of our campuses in the Atlanta and Chattanooga communities.

Richmont Graduate University was founded by hardworking visionaries who desired to impact the world for Christ. Richmont's legacy began in 1933 when the Chattanooga Bible Institute (CBI) was founded by Dr. James L. Fowle, Reverend H.E. Wright, Mrs. Ellen Poindexter, Mrs. George Elder, Mrs. Mark Senter, Mrs. Hilda Spence, and Mrs. Howard McCall. From these incredible visionaries, CBI faithfully served the Chattanooga, TN community by providing training, counseling, library resources and support for clergy and laity of all denominations.

In 1973, a group of Christian mental health professionals who explored integrating Christian faith and professional counseling founded the Atlanta Clinical College. After opening a counseling center, they partnered with a major state university to offer advanced professional training and research within a Christian context at what became known as the Religious Consultation and Research Society before being incorporated as the Psychological Studies Institute (PSI). The individuals who were initially committed to the founding of PSI included: Dr. William J. Donaldson, Jr. - faculty member at Georgia State University; Dr. Donald G. Miles- CEO of Georgia Mental Health Institute; Dr. John R. Richardson - pastor of Westminster Presbyterian Church and chaplain of the University System of Georgia Board of Regents; and Dr. Paul L. Walker - pastor of Mount Paran Church of God.

For more than 25 years, PSI offered a diploma in Christian counseling through its partnership with Georgia State University. In the fall of 1998, PSI began offering its own Master of Arts in Professional Counseling degree after receiving authorization from the Georgia Nonpublic Postsecondary Education Commission and the Tennessee Higher Education Commission.

In August of 2000, the Chattanooga Bible Institute merged with the Psychological Studies Institute formalizing a working relationship that had begun in 1997. Only three years after the merger in 2003, PSI received accreditation from the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC). In 2008, Psychological Studies Institute changed its name to Richmont Graduate University.

Today, Richmont provides graduate education that prepares compassionate and capable ministers and professional mental health counselors who serve and lead around the globe. Richmont's counselors work within behavioral health centers, homeless shelters, addiction rehabilitation facilities, churches, and other community-based programs that serve uninsured/underinsured populations.


Program accomplishments


Needs

Tuition only covers part of Richmont's operational expenses. Through the support from our faithful friends and alumni, Richmont is able to make up the remaining revenue needed to continue the tradition of faith-based academic and clinical excellence. If you have a heart for the Kingdom and wish to empower those who are pursuing graduate level education in order to answer God's call on their lives, please contact our development office and learn more about how to support Richmont's students and faculty in making a Kingdom impact.