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 rating426 of 81767 of 100
Fund acquisition rating450 of 81757 of 100
Resource allocation rating263 of 81729 of 100
Asset utilization rating545 of 81779 of 100

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%22%18%18%23%35%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%1%2%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%7%8%8%8%9%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%2%2%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%93%92%92%92%91%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%88%89%82%71%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%101%100%97%120%109%
Program output ratio Program output ratio =
Program services /
Total revenue
82%89%88%79%84%83%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-1%0%3%-20%-9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-1%0%3%-14%-5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%11%10%16%28%21%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.330.320.320.380.33
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.882.522.422.382.392.22
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.690.840.780.770.910.73
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.8614.2712.9417.542.113.19
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.170.070.080.060.470.31
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.8013.3214.1114.766.9711.33
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%60%55%55%55%49%
Debt ratio Debt ratio =
Debt /
Total assets
17%38%32%32%28%27%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
142%120%139%139%118%156%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$33,093,554$38,812,671$42,124,693$35,344,810$41,920,622
Receivables, inventories, prepaids$24,938,805$25,325,520$28,273,543$26,075,073$34,965,100
Short-term investments$228,785,883$228,256,289$221,855,866$202,241,452$209,195,048
Other current assets$0$0$0$0$0
Total current assets$286,818,242$292,394,480$292,254,102$263,661,335$286,080,770
Long-term investments$93,627,847$86,756,595$82,819,499$81,284,631$81,668,791
Fixed assets$341,437,932$327,122,851$317,245,330$279,930,519$265,921,786
Other long-term assets$0$1,035,000$2,977,500$4,290,000$0
Total long-term assets$435,065,779$414,914,446$403,042,329$365,505,150$347,590,577
Total assets$721,884,021$707,308,926$695,296,431$629,166,485$633,671,347
 
Liabilities20192018201720162015
Payables and accrued expenses$9,300,982$10,921,681$8,318,135$117,560,563$82,705,561
Other current liabilities$10,798,244$11,672,552$8,347,501$7,148,822$7,085,175
Total current liabilities$20,099,226$22,594,233$16,665,636$124,709,385$89,790,736
Debt$277,085,893$223,534,279$222,529,269$173,033,721$170,026,914
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$135,450,150$143,127,058$145,298,306$48,999,029$49,014,644
Total long-term liabilities$412,536,043$366,661,337$367,827,575$222,032,750$219,041,558
Total liabilities$432,635,269$389,255,570$384,493,211$346,742,135$308,832,294
 
Net assets20192018201720162015
Unrestricted$33,216,539$68,182,299$72,457,028$53,671,688$98,482,858
Temporarily restricted$95,229,201$92,328,516$87,454,210$81,182,532$82,219,131
Permanently restricted$160,803,012$157,542,541$150,891,982$147,570,130$144,137,064
Net assets$289,248,752$318,053,356$310,803,220$282,424,350$324,839,053
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$16,739,469$19,457,425$19,332,893$16,538,924$17,183,376
Program service revenue$207,319,316$195,127,033$190,232,684$177,759,734$163,516,514
Membership dues$0$0$0$0$0
Investment income$14,108,736$16,877,158$23,724,631$6,579,227$8,394,260
Other revenue($30,315)($933,194)($1,263,419)($866,227)$1,193,358
Total other revenue$221,397,737$211,070,997$212,693,896$183,472,734$173,104,132
Total revenue$238,137,206$230,528,422$232,026,789$200,011,658$190,287,508
 
Expenses20192018201720162015
Program services$211,130,340$203,449,275$184,117,758$169,002,361$157,694,030
Management and general$25,447,258$22,407,130$36,484,410$66,477,858$44,337,004
Fundraising$3,663,911$3,591,088$3,474,848$3,850,717$5,951,555
Total expenses$240,241,509$229,447,493$224,077,016$239,330,936$207,982,589
 
Change in net assets20192018201720162015
Surplus (deficit)($2,104,303)$1,080,929$7,949,773($39,319,278)($17,695,081)
Other changes in net assets$0$0$0$0$0
Total change in net assets($2,104,303)$1,080,929$7,949,773($39,319,278)($17,695,081)

Compensation

NameTitleCompensation
Theron Andrew WestmorelandPresident$538,124
Henry C StricklandDean, Cumberland School of Law$386,826
Harry B Brock IIIExecutive Vice President & VP for Business and Financial Affairs$355,740
Nena F SandersVice Provost, College of Health Sciences$348,246
John CarrollFaculty - Former Key Employee as Dean of Cumberland School of Law$348,211
William R PittmanVice President for University Advancement$336,716
Roger Philip KimreyVice President for Student Affairs and Enrollment$328,717
Elizabeth B HollowayVice President for Marketing and Communication$328,670
Patrick J SullivanAssistant to President$317,035
Charles Martin Newton JrDirector of Athletics$311,770
James Michael HardinProvost and Vice President$308,224
Michael A CrouchDean, McWhorter School of Pharmacy$283,247
William Clark WatsonGeneral Counsel$265,667
Christopher M HatcherHead Coach, Football$257,854
Dr Charles T CarterTrustee$43,421

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 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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