Southern Nazarene University

Summary

Founded in 1899, Southern Nazarene University is a private, Christian, liberal arts university-a service of the Church of the Nazarene. Located on a 44-acre campus just west of Oklahoma City, SNU grew out of several small colleges committed to training people for service to God and to one another.


Contact information

Mailing address:
Southern Nazarene University
6729 NW 39th Expressway
Bethany, OK 73008

Website: snu.edu

Phone: 405-789-6400

Email: admissions@snu.edu


Organization details

EIN: 730587210

CEO/President: Dr. J Keith Newman

Chairman:

Board size: 0

Founder:

Year founded: 1959

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

We are a sent people, responding to the call of Christ and empowered by the Holy Spirit to go into all the world, witnessing to the Lordship of Christ and participating with God in the building of the Church and the extension of His kingdom. Our mission begins in worship, ministers to the world in evangelism and compassion, encourages believers toward Christian maturity through discipleship and prepares women and men for Christian service through Christian higher education.


Mission statement

Southern Nazarene University's Mission is "To make Christlike disciples through higher education in Christ-centered community."


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating467 of 72564 of 87
Fund acquisition rating369 of 72641 of 87
Resource allocation rating622 of 72678 of 87
Asset utilization rating285 of 72537 of 87

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%18%18%20%17%17%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%8%8%7%7%12%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%1%1%1%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%92%92%93%93%88%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%74%73%69%70%44%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%98%100%101%102%97%
Program output ratio Program output ratio =
Program services /
Total revenue
81%73%73%70%71%42%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%2%0%-1%-2%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%2%0%-2%-2%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%24%25%29%29%54%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.560.540.520.620.42
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.013.744.044.013.393.19
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.642.112.172.082.121.34
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.265.464.032.932.822.38
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.180.250.340.350.42
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.034.664.163.813.665.20
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%52%52%52%43%41%
Debt ratio Debt ratio =
Debt /
Total assets
18%40%36%36%25%21%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%86%89%93%91%140%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$6,929,147$4,295,167$2,259,445$2,176,202$4,076,509
Receivables, inventories, prepaids$3,961,733$4,344,239$5,408,959$6,904,193$5,868,724
Short-term investments$20,404,501$19,842,128$20,689,622$19,839,650$20,230,034
Other current assets$0$0$0$0$0
Total current assets$31,295,381$28,481,534$28,358,026$28,920,045$30,175,267
Long-term investments$1,890,199$2,129,340$2,016,410$1,845,225$0
Fixed assets$83,374,781$84,079,126$82,754,356$66,892,729$62,692,237
Other long-term assets$420,426$458,605$515,001$444,029$3,476,558
Total long-term assets$85,685,406$86,667,071$85,285,767$69,181,983$66,168,795
Total assets$116,980,787$115,148,605$113,643,793$98,102,028$96,344,062
 
Liabilities20192018201720162015
Payables and accrued expenses$3,109,929$3,180,980$3,404,841$1,565,637$3,651,243
Other current liabilities$2,623,263$3,886,324$6,277,749$8,682,810$9,012,479
Total current liabilities$5,733,192$7,067,304$9,682,590$10,248,447$12,663,722
Debt$46,473,360$41,134,864$41,447,959$24,797,725$20,109,925
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$8,388,586$11,949,037$7,771,778$7,571,199$6,835,121
Total long-term liabilities$54,861,946$53,083,901$49,219,737$32,368,924$26,945,046
Total liabilities$60,595,138$60,151,205$58,902,327$42,617,371$39,608,768
 
Net assets20192018201720162015
Unrestricted$36,681,925$36,132,345$37,068,581$38,757,506$39,020,969
Temporarily restricted$10,886,205$10,282,778$9,090,001$7,815,331$8,866,423
Permanently restricted$8,817,519$8,582,277$8,582,884$8,911,820$8,847,902
Net assets$56,385,649$54,997,400$54,741,466$55,484,657$56,735,294
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$5,150,807$4,693,221$4,250,295$4,428,581$5,200,635
Program service revenue$56,170,723$52,898,303$47,468,596$50,665,346$26,121,929
Membership dues$0$0$0$0$0
Investment income$1,775,479$1,806,419$2,415,362$807,892$748,543
Other revenue$4,116,936$2,664,331$3,898,411$4,034,151$9,749,041
Total other revenue$62,063,138$57,369,053$53,782,369$55,507,389$36,619,513
Total revenue$67,213,945$62,062,274$58,032,664$59,935,970$41,820,148
 
Expenses20192018201720162015
Program services$49,074,359$45,237,191$40,821,705$42,654,512$17,723,040
Management and general$15,885,821$15,753,004$17,200,320$17,843,281$21,786,457
Fundraising$928,241$825,949$847,798$758,154$882,324
Total expenses$65,888,421$61,816,144$58,869,823$61,255,947$40,391,821
 
Change in net assets20192018201720162015
Surplus (deficit)$1,325,524$246,130($837,159)($1,319,977)$1,428,327
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,325,524$246,130($837,159)($1,319,977)$1,428,327

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments


Needs