Southern Nazarene University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/18/2021. To update the information in this column, please email: info@ministrywatch.com


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 rating630 of 94076 of 112
Fund acquisition rating407 of 94248 of 112
Resource allocation rating799 of 94293 of 112
Asset utilization rating455 of 94050 of 112

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%13%18%18%20%17%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%12%8%8%7%7%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%1%1%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%88%92%92%93%93%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%75%74%73%69%70%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%98%98%100%101%102%
Program output ratio Program output ratio =
Program services /
Total revenue
81%74%73%73%70%71%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%2%2%0%-1%-2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%2%2%0%-2%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%23%24%25%29%29%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.530.560.540.520.62
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.743.413.744.044.013.39
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.641.832.112.172.082.12
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.076.265.464.032.932.82
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.160.180.250.340.35
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.865.524.664.163.813.66
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%52%52%52%52%43%
Debt ratio Debt ratio =
Debt /
Total assets
16%41%40%36%36%25%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%90%86%89%93%91%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$11,197,525$6,929,147$4,295,167$2,259,445$2,176,202
Receivables, inventories, prepaids$2,900,660$3,961,733$4,344,239$5,408,959$6,904,193
Short-term investments$20,800,535$20,404,501$19,842,128$20,689,622$19,839,650
Other current assets$0$0$0$0$0
Total current assets$34,898,720$31,295,381$28,481,534$28,358,026$28,920,045
Long-term investments$1,640,131$1,890,199$2,129,340$2,016,410$1,845,225
Fixed assets$82,417,822$83,374,781$84,079,126$82,754,356$66,892,729
Other long-term assets$189,777$420,426$458,605$515,001$444,029
Total long-term assets$84,247,730$85,685,406$86,667,071$85,285,767$69,181,983
Total assets$119,146,450$116,980,787$115,148,605$113,643,793$98,102,028
 
Liabilities20202019201820172016
Payables and accrued expenses$3,325,840$3,109,929$3,180,980$3,404,841$1,565,637
Other current liabilities$2,252,454$2,623,263$3,886,324$6,277,749$8,682,810
Total current liabilities$5,578,294$5,733,192$7,067,304$9,682,590$10,248,447
Debt$49,064,342$46,473,360$41,134,864$41,447,959$24,797,725
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$7,352,355$8,388,586$11,949,037$7,771,778$7,571,199
Total long-term liabilities$56,416,697$54,861,946$53,083,901$49,219,737$32,368,924
Total liabilities$61,994,991$60,595,138$60,151,205$58,902,327$42,617,371
 
Net assets20202019201820172016
Without donor restrictions$37,589,537$36,681,925$36,132,345$37,068,581$38,757,506
With donor restrictions$19,561,922$19,703,724$18,865,055$17,672,885$16,727,151
Net assets$57,151,459$56,385,649$54,997,400$54,741,466$55,484,657
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$7,635,000$5,150,807$4,693,221$4,250,295$4,428,581
Program service revenue$53,908,204$56,170,723$52,898,303$47,468,596$50,665,346
Membership dues$0$0$0$0$0
Investment income$394,336$1,775,479$1,806,419$2,415,362$807,892
Other revenue$2,849,949$4,116,936$2,664,331$3,898,411$4,034,151
Total other revenue$57,152,489$62,063,138$57,369,053$53,782,369$55,507,389
Total revenue$64,787,489$67,213,945$62,062,274$58,032,664$59,935,970
 
Expenses20202019201820172016
Program services$47,853,833$49,074,359$45,237,191$40,821,705$42,654,512
Management and general$14,908,657$15,885,821$15,753,004$17,200,320$17,843,281
Fundraising$963,852$928,241$825,949$847,798$758,154
Total expenses$63,726,342$65,888,421$61,816,144$58,869,823$61,255,947
 
Change in net assets20202019201820172016
Surplus (deficit)$1,061,147$1,325,524$246,130($837,159)($1,319,977)
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,061,147$1,325,524$246,130($837,159)($1,319,977)

Compensation

NameTitleCompensation
Dr Keith NewmanUniversity President$297,293
Dr Scott StrawnVP For Business & Finance$134,786
Dr Mike RedwineExecutive Vice President$119,606

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 8/18/2021. To update the information below, please email: info@ministrywatch.com


History


Program accomplishments


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