Faulkner University 
The information on this page was last updated 3/21/2023. If you see errors or omissions, please email: [email protected]
Summary
Faulkner University is a private, Christian liberal arts university based in Montgomery, Alabama, with a mission to provide an education anchored by not only intellect but also character and service. The Faulkner experience aims to educate the whole person.
Contact information
Mailing address:
Faulkner University
5345 Atlanta Highway
Montgomery, AL 36109
Website: faulkner.edu
Phone: 800-879-9816
Email: [email protected]
Organization details
EIN: 630329409
CEO/President: Dennis Mitchell Henry, J.D.
Chairman: Dale Kirkland
Board size: 33
Founder: Rex Turner, Leonard Johnson, Joe Greer
Ruling year: 1950
Tax deductible: Yes
Fiscal year end: 05/31
Member of ECFA: No
Member of ECFA since:
Purpose
We all want to become better versions of ourselves. No one wants to remain trapped where they are because of missed opportunities and unrealized dreams.
At Faulkner University, we believe your dreams don't have an expiration date. We understand that you're looking for more than a degree. You want find your niche and thrive in your career.
Whether you're a high school senior just beginning your trek, or an adult student looking for a better path, Faulkner is here to help guide your journey.
Mission statement
The mission of Faulkner University is to glorify God through education of the whole person, emphasizing integrity of character in a caring, Christian environment where every individual matters every day.
Statement of faith
Faulkner's Statement of Christian Principles and Core Values
No one has to be told that the world is changing rapidly. Institutions all over the world, medical, legal, and religious, are changing. Colleges and universities are changing. Local churches are changing, too.
Many changes are beneficial. Advances in medicine and health care, progress in communication technology, erection of useful new facilities are changes to be appreciated. As Christ's church evangelizes the world, grows in grace and knowledge of the Lord, loves its neighbors and bears its cross daily, methods, programs and some of the needs of those to be served may change.
Faulkner University is a Christian University. Being Christian, it is connected to things that cannot change. With the help of God and by the determination of its administration and faculty, the university will not change in its relation to these things.
God is the beginning and the end of all things. He is creator and sustainer of the universe. All that is was brought into being by the power of His word. He said, "Let there be," and there was. He changes not.
Faulkner University is committed to the centrality of Jesus and His cross. All of us have sinned. We are, therefore, powerless to save ourselves. God sent His Son Jesus into the world to taste of death for us all. Every sermon in Acts has Jesus Christ as its theme. Paul the apostle determined to know nothing but Jesus Christ and Him crucified. God forbid that Faulkner University should glory except in the cross of our Lord Jesus Christ.
We unabashedly affirm, as the Bible does, that no sinner can be saved except by the grace of God. God's grace is appropriated by faith in the atoning death of Christ. Those who believe the gospel and desire to be saved are baptized into the death of Christ and raised by the power of God to walk in newness of life. Jesus promised salvation to those who believe and are baptized, and Faulkner University is committed to the necessity of baptism for the washing away of sins. Scripture affirms it clearly and consistently, and so therefore do we.
Christ promised to build His church and did as He promised. The church cannot save; only Christ can save, but Christ saves the church. One who is redeemed by the blood of Jesus is added by the Lord to the church, is translated by God into the kingdom of Christ. This church, by definition, includes all the redeemed. Faulkner University is unwaveringly committed to the uniqueness and non-denominational nature of the Lord's church.
God has chosen to reveal Himself in Christ, His incarnate Word. Christ sent God's Holy Spirit to guide His apostles and others into all truth, and they in turn committed that revelation to writing in God-breathed Scripture.
All we can know of what Jesus taught and did, as well as what His disciples taught and wrote in His name, is found in Scripture. Jesus quoted Scripture, citing what Scripture says as what God said. On His authority, the faculty and administration of Faulkner University, a Christian University, accept the Bible as the word of God. We hold it to be completely true as the word of One who cannot lie, and completely authoritative as the word of the One who made us, loves us and will one day judge us by that very word.
There are principles and imperatives that God has revealed through Scripture to direct the work and worship of the Church. These include:
Each congregation is autonomous, with no human governance outside itself. Leadership in each local church is by spiritually qualified men chosen by the congregation in accordance with biblical qualifications.
In corporate worship the church is to follow the instructions of the apostles. It must seek to please God and not itself. It should, therefore, be governed by what God has indicated he wants to receive from us rather than merely by what we might want to offer. In practice that means the congregation offers "the fruit of our lips," or a cappella singing, not instrumental music. It also means participation in the Supper of the Lord each Lord's day.
God has ordained male spiritual leadership for the church, including placing leadership roles in corporate worship in the hands of men. This does not imply that women are inferior to men. They are not. It does, however, accurately reflect the respective roles God has assigned to men and women.
The moral climate in the world today demands a firm commitment to biblical morality. Dishonesty, sexual intercourse outside of marriage whether heterosexual or homosexual, disregard for the value of human life whether in the womb or without, drunkenness "and such like" are declared by Scripture to be sin. We have neither the desire nor the right to say sin is not sin.
In addition, we also stand against unrighteous anger, racist attitudes and actions, an unforgiving bitter spirit, "and such like." A divisive spirit, so eager to carry tales against brothers that it will not check out what has been heard before rushing to repeat it, and those who are so insistent on their own way that they cause havoc and heartbreak in the church rather than yield in their will or opinion must also be opposed.
To summarize, God is God, Jesus Christ is Savior and Lord, the Bible is God's inerrant and authoritative revelation of Himself and His will, the church is God's redeemed people seeking in all things to please Him. To this Faulkner University is wholeheartedly committed.
Here we stand.
Donor confidence score
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 | | 458 of 1106 | 56 of 129 |
| Fund acquisition rating | | 782 of 1107 | 98 of 129 |
| Resource allocation rating | | 373 of 1107 | 45 of 129 |
| Asset utilization rating | | 337 of 1106 | 38 of 129 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 17% | 8% | 8% | 28% | 30% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 2% | 2% | 2% | 2% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 22% | 12% | 23% | 24% | 9% | 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 | 78% | 88% | 77% | 76% | 91% | 91% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 86% | 86% | 85% | 86% | 86% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 100% | 94% | 89% | 102% | 101% |
Program output ratio Program output ratio = Program services / Total revenue | 78% | 86% | 81% | 76% | 88% | 87% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 0% | 6% | 11% | -2% | -1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 0% | 7% | 13% | -3% | -1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 12% | 12% | 13% | 11% | 11% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.51 | 0.65 | 0.65 | 0.59 | 0.62 | 0.63 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.64 | 2.64 | 2.75 | 2.50 | 2.36 | 2.53 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.40 | 1.72 | 1.79 | 1.48 | 1.47 | 1.59 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.60 | 3.34 | 3.27 | 3.81 | 4.67 | 5.04 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.30 | 0.31 | 0.26 | 0.21 | 0.20 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.34 | 4.87 | 4.65 | 5.97 | 6.40 | 6.04 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 24% | 43% | 43% | 45% | 51% | 46% |
Debt ratio Debt ratio = Debt / Total assets | 11% | 30% | 31% | 32% | 36% | 38% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 151% | 88% | 88% | 93% | 79% | 86% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $8,336,024 | $6,704,312 | $7,320,669 | $12,038,586 | $7,292,274 |
| Receivables, inventories, prepaids | $6,746,208 | $6,574,319 | $8,230,135 | $5,300,080 | $6,362,566 |
| Short-term investments | $22,964,059 | $23,675,518 | $24,785,937 | $20,949,869 | $21,353,641 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $38,046,291 | $36,954,149 | $40,336,741 | $38,288,535 | $35,008,481 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $61,466,091 | $63,901,648 | $59,754,764 | $51,800,672 | $53,530,199 |
| Other long-term assets | $945,532 | $733,409 | $887,509 | $462,947 | $75,973 |
| Total long-term assets | $62,411,623 | $64,635,057 | $60,642,273 | $52,263,619 | $53,606,172 |
| Total assets | $100,457,914 | $101,589,206 | $100,979,014 | $90,552,154 | $88,614,653 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $5,101,029 | $5,774,976 | $5,556,010 | $4,465,798 | $4,238,907 |
| Other current liabilities | $6,301,876 | $5,526,996 | $5,021,506 | $3,739,029 | $2,706,433 |
| Total current liabilities | $11,402,905 | $11,301,972 | $10,577,516 | $8,204,827 | $6,945,340 |
| Debt | $30,467,564 | $31,205,976 | $32,013,448 | $32,760,907 | $33,512,122 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $902,308 | $679,844 | $2,846,065 | $4,874,517 | $376,999 |
| Total long-term liabilities | $31,369,872 | $31,885,820 | $34,859,513 | $37,635,424 | $33,889,121 |
| Total liabilities | $42,772,777 | $43,187,792 | $45,437,029 | $45,840,251 | $40,834,461 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $38,876,819 | $35,885,266 | $35,510,925 | $26,685,468 | $29,345,184 |
| With donor restrictions | $18,808,318 | $22,516,148 | $20,031,060 | $18,026,435 | $18,435,008 |
| Net assets | $57,685,137 | $58,401,414 | $55,541,985 | $44,711,903 | $47,780,192 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $8,127,255 | $15,786,438 | $16,073,524 | $4,772,247 | $5,036,442 |
| Program service revenue | $55,649,974 | $52,190,772 | $49,271,330 | $48,993,504 | $49,327,944 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $1,011,784 | $992,929 | $438,521 | $659,121 | $711,136 |
| Other revenue | $835,100 | $1,167,621 | $1,300,006 | $784,471 | $303,284 |
| Total other revenue | $57,496,858 | $54,351,322 | $51,009,857 | $50,437,096 | $50,342,364 |
| Total revenue | $65,624,113 | $70,137,760 | $67,083,381 | $55,209,343 | $55,378,806 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $56,295,078 | $57,074,620 | $50,911,985 | $48,702,370 | $47,911,526 |
| Management and general | $7,958,477 | $7,885,537 | $7,598,347 | $6,394,048 | $6,317,438 |
| Fundraising | $1,346,822 | $1,299,300 | $1,344,768 | $1,347,965 | $1,515,948 |
| Total expenses | $65,600,377 | $66,259,457 | $59,855,100 | $56,444,383 | $55,744,912 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $23,736 | $3,878,303 | $7,228,281 | ($1,235,040) | ($366,106) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $23,736 | $3,878,303 | $7,228,281 | ($1,235,040) | ($366,106) |
Compensation
| Name | Title | Compensation |
| Dave Khadanga | Dean-College of Business | $283,305 |
| Rosie Khadanga | Professor | $215,252 |
| D Mitchell Henry | University President | $187,803 |
| Charles Campbell | Dean-Jones School of Law | $176,233 |
| Gerald Jones | University General Counsel | $168,906 |
| Leah Fullman | Dean-College of Health Sci | $167,839 |
| Amy Ogburn-Oster | Director, Slp Program | $166,554 |
| Justin Bond | Professor; Interim Dean - College of Business | $163,354 |
| Michael Deboer | Associate Professor; Associate Dean - Jones School | $151,143 |
| Dr Michael D Williams | Former University President | $144,201 |
| Joseph Vickery | Vice President-Finance | $127,954 |
| Mr Jason Isbell | Trustee | $100 |
Compensation data as of: 5/31/2023
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 3/21/2023. To update the information below, please email: [email protected]
History
Faulkner University has been a part of Montgomery, Alabama since 1942 when Dr. Rex Turner, Dr. Leonard Johnson and Joe Greer established Montgomery Bible College on a few acres on Ann Street. Their mission was to create an institution that provided preacher training and education based in God's Holy Word.
Over the years, the school continued to grow. It was renamed Alabama Christian College in 1953, and 11 years later the present property on the Atlanta Highway was purchased.
In 1975, the college opened extended campuses in Birmingham, Huntsville and Mobile. The Thomas Goode Jones School of Law was acquired in 1983, and a year later the college was accredited as a four-year university.
In 1985, the college was renamed Faulkner University in honor of businessman and longtime supporter, trustee and chairman of the board, Dr. James Faulkner of Bay Minette, Ala. Dr. Faulkner served as mayor of Bay Minette from 1941 to 1943, and was said to be the youngest mayor in America at that time. He was also a state senator and a two-time candidate for governor. In 1947, Dr. Faulkner partnered with Bill Stewart to purchase the Monroe Journal from A. C. Lee, Harper Lee's father.
The university is now home to five colleges: the Alabama Christian College of Arts and Sciences, the Harris College of Business and Executive Education, the V.P. Black College of Biblical Studies, the College of Education, and the Thomas Goode Jones School of Law. A growing number of degree programs are now offered online, in addition to on-ground programs at our campuses.
In the years since the college became Faulkner University, the campus's physical plant has grown to include new buildings for classrooms and administration, new residence halls and apartments, a student multiplex, modern facilities for the football, soccer, baseball and softball programs. Plans are also underway for a major renovation of the Gus Nichols Library.
One thing that hasn't changed since our founding days is our mission to be a distinctively Christian university, where God's Word is taught and respected, and where students are encouraged to grow in intellect, character and service.
Faulkner University is proud of its continuing role as a growing and dynamic part of the Montgomery community and the higher-education community throughout Alabama.
Program accomplishments
15 - average student class size
27+ online programs
49% minority students
35+ countries represented
3.3k enrolled students