Samford University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/31/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

At Samford University you'll find the personal relationships of a small college with the dynamic academic, cultural, and athletics resources of a major university.


Contact information

Mailing address:
Samford University
800 Lakeshore Dr
Birmingham, AL 35229

Website: samford.edu

Phone: 205-726-2011

Email: osl@samford.edu


Organization details

EIN: 630312914

CEO/President: Andrew Westmoreland

Chairman: Timothy Vines

Board size: 44

Founder:

Year founded: 1951

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Anchored in Christian understanding, Samford University will be a diverse community, stressing vigorous learning and personal faith, in the Baptist tradition. Within that commonality, the community will be innovative in teaching, learning and research; sensitive to global issues; aggressive in self-assessment and continuous improvement. Faithful to its mission, Samford will be known and acknowledged worldwide by holding to its core values. The world will be better for it.


Mission statement

The mission of Samford University is to nurture persons in their development of intellect, creativity, faith, and personhood. As a Christian university, the community fosters academic, career, and ethical competency while encouraging social and civic responsibility, and service to others.


Statement of faith

Samford University's corporate expression of faith commitment is The Statement of Baptist Faith and Message of 1963, without amendment.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating523 of 91371 of 111
Fund acquisition rating564 of 91571 of 111
Resource allocation rating292 of 91527 of 111
Asset utilization rating626 of 91386 of 111

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%21%22%18%18%23%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%2%2%1%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%7%7%8%8%8%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%93%93%92%92%92%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%88%88%89%82%71%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%103%101%100%97%120%
Program output ratio Program output ratio =
Program services /
Total revenue
81%91%89%88%79%84%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%-3%-1%0%3%-20%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-3%-1%0%3%-14%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%11%11%10%16%28%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.340.330.320.320.38
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.732.562.522.422.382.39
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.620.860.840.780.770.91
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.0814.7014.2712.9417.542.11
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.070.070.080.060.47
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.9513.0313.3214.1114.766.97
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%64%60%55%55%55%
Debt ratio Debt ratio =
Debt /
Total assets
16%32%38%32%32%28%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%107%120%139%139%118%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$46,290,839$33,093,554$38,812,671$42,124,693$35,344,810
Receivables, inventories, prepaids$25,246,083$24,938,805$25,325,520$28,273,543$26,075,073
Short-term investments$208,507,733$228,785,883$228,256,289$221,855,866$202,241,452
Other current assets$0$0$0$0$0
Total current assets$280,044,655$286,818,242$292,394,480$292,254,102$263,661,335
Long-term investments$98,206,237$93,627,847$86,756,595$82,819,499$81,284,631
Fixed assets$339,065,700$341,437,932$327,122,851$317,245,330$279,930,519
Other long-term assets$0$0$1,035,000$2,977,500$4,290,000
Total long-term assets$437,271,937$435,065,779$414,914,446$403,042,329$365,505,150
Total assets$717,316,592$721,884,021$707,308,926$695,296,431$629,166,485
 
Liabilities20202019201820172016
Payables and accrued expenses$9,095,929$9,300,982$10,921,681$8,318,135$117,560,563
Other current liabilities$9,958,273$10,798,244$11,672,552$8,347,501$7,148,822
Total current liabilities$19,054,202$20,099,226$22,594,233$16,665,636$124,709,385
Debt$231,629,535$277,085,893$223,534,279$222,529,269$173,033,721
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$210,186,317$135,450,150$143,127,058$145,298,306$48,999,029
Total long-term liabilities$441,815,852$412,536,043$366,661,337$367,827,575$222,032,750
Total liabilities$460,870,054$432,635,269$389,255,570$384,493,211$346,742,135
 
Net assets20202019201820172016
Without donor restrictions$4,533,157$33,216,539$68,182,299$72,457,028$53,671,688
With donor restrictions$251,913,381$256,032,213$249,871,057$238,346,192$228,752,662
Net assets$256,446,538$289,248,752$318,053,356$310,803,220$282,424,350
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$15,644,997$16,739,469$19,457,425$19,332,893$16,538,924
Program service revenue$206,657,241$207,319,316$195,127,033$190,232,684$177,759,734
Membership dues$0$0$0$0$0
Investment income$11,254,348$14,108,736$16,877,158$23,724,631$6,579,227
Other revenue($538,461)($30,315)($933,194)($1,263,419)($866,227)
Total other revenue$217,373,128$221,397,737$211,070,997$212,693,896$183,472,734
Total revenue$233,018,125$238,137,206$230,528,422$232,026,789$200,011,658
 
Expenses20202019201820172016
Program services$211,797,956$211,130,340$203,449,275$184,117,758$169,002,361
Management and general$25,264,205$25,447,258$22,407,130$36,484,410$66,477,858
Fundraising$3,360,283$3,663,911$3,591,088$3,474,848$3,850,717
Total expenses$240,422,444$240,241,509$229,447,493$224,077,016$239,330,936
 
Change in net assets20202019201820172016
Surplus (deficit)($7,404,319)($2,104,303)$1,080,929$7,949,773($39,319,278)
Other changes in net assets$0$0$0$0$0
Total change in net assets($7,404,319)($2,104,303)$1,080,929$7,949,773($39,319,278)

Compensation

NameTitleCompensation
Theron Andrew WestmorelandPresident$542,242
John CarrollFaculty - Former Key Employee as Dean of Cumberland School of Law$380,817
Harry B Brock IIIExecutive Vice President & VP for Business and Financial Affairs$361,516
William R PittmanVice President for University Advancement$330,844
Elizabeth B HollowayVice President for Marketing and Communication$328,779
Nena F SandersVice Provost, College of Health Sciences$327,369
Henry C StricklandDean, Cumberland School of Law$316,895
James Michael HardinProvost and Vice President$314,176
Charles Martin Newton JrDirector of Athletics$304,446
Michael A CrouchDean, McWhorter School of Pharmacy$290,445
Roger Philip KimreyVice President for Student Affairs and Enrollment$282,830
Christopher M HatcherHead Coach, Football$273,887
William Clark WatsonGeneral Counsel$272,586
Patrick J SullivanAssistant to President (deceased December 2019)$182,025
Dr Charles T CarterTrustee$12,810

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 3/31/2021. To update the information below, please email: info@ministrywatch.com


History

Founded in 1841, Samford is the 87th-oldest institution of higher learning in the United States. Chartered as Howard College in 1841, Samford University has become one of the region's top universities and is now home to more than 5,000 students. The school survived two fires, the Civil War, a century of financial turmoil and two relocations to become one of the premier nationally ranked Christian universities. From its meager beginnings in Marion, Alabama, with only 31 students, Samford is now home to approximately 5,700 students on a beautiful Georgian-Colonial style campus in Homewood, Alabama.


Program accomplishments

Samford is the top-ranked university in Alabama in national rankings published by The Wall Street Journal. Additionally, The Wall Street Journal ranks Samford third in the nation for student engagement. U.S. News & World Report ranks Samford 40th in the nation for best undergraduate teaching and 100th for best value. Kiplinger's Personal Finance ranks Samford 34th among U.S. private universities for value and affordability. The student-to-faculty ratio is 13:1.


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