University of Mary Hardin-Baylor 
Summary
Chartered by the Republic of Texas, UMHB was established to provide the finest in Christian higher education. And for 175 years, our focus on that mission has never wavered.
Contact information
Mailing address:
University of Mary Hardin-Baylor
900 College St #8003
Belton, TX 76513-2578
Website: go.umhb.edu
Phone: 254-295-4698
Email: jbpalmer@umhb.edu
Organization details
EIN: 741161940
CEO/President: Randal O'Rear
Chairman:
Board size: 37
Founder: Robert Emmett Bledsoe Baylor
Year founded: 1964
Tax deductible: Yes
Fiscal year end: 05/31
Member of ECFA: No
Member of ECFA since:
Purpose
UMHB will be the university of choice for Christian higher education in the Southwest.
Mission statement
The University of Mary Hardin-Baylor prepares students for leadership, service, and faith-informed discernment in a global society. Academic excellence, personal attention, broad-based scholarship and a commitment to a Baptist vision for education distinguish our Christ-centered learning community.
Statement of faith
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 | | 483 of 725 | 67 of 87 |
| Fund acquisition rating | | 487 of 726 | 63 of 87 |
| Resource allocation rating | | 149 of 726 | 12 of 87 |
| Asset utilization rating | | 668 of 725 | 86 of 87 |
Financial ratios
| Funding ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 19% | 26% | 22% | 47% | 40% | 23% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 2% | 2% | 2% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 10% | 7% | 8% | 5% | 6% | 9% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 2% | 2% | 3% | 3% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 90% | 93% | 92% | 95% | 94% | 91% |
| Operating ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Program expense ratio Program expense ratio = Program services / Total expenses | 86% | 92% | 92% | 91% | 89% | 89% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 90% | 89% | 90% | 88% | 80% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 82% | 81% | 82% | 78% | 71% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | 10% | 11% | 10% | 12% | 20% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | 5% | 6% | 5% | 6% | 11% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 6% | 6% | 6% | 8% | 8% |
| Investing ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.51 | 0.32 | 0.33 | 0.33 | 0.30 | 0.30 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.01 | 13.02 | 22.75 | 16.47 | 11.14 | 10.38 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.64 | 4.16 | 7.48 | 5.39 | 3.33 | 3.08 |
| Liquidity ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Current ratio Current ratio = Total current assets / Total current liabilities | 7.26 | 2.13 | 1.06 | 1.66 | 1.69 | 2.53 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.14 | 0.47 | 0.94 | 0.60 | 0.59 | 0.39 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.03 | 1.53 | 0.09 | 0.88 | 1.47 | 2.36 |
| Solvency ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 27% | 26% | 26% | 28% | 31% | 31% |
Debt ratio Debt ratio = Debt / Total assets | 18% | 18% | 17% | 20% | 21% | 22% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 143% | 232% | 224% | 219% | 232% | 234% |
Financials
| Balance sheet | |||||
| Assets | 2018 | 2017 | 2016 | 2015 | 2014 |
| Cash | $19,868,358 | $7,449,050 | $12,187,272 | $18,021,868 | $17,676,612 |
| Receivables, inventories, prepaids | $6,642,587 | $6,857,587 | $6,548,462 | $10,389,652 | $11,147,813 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $26,510,945 | $14,306,637 | $18,735,734 | $28,411,520 | $28,824,425 |
| Long-term investments | $121,723,672 | $123,092,446 | $110,041,722 | $112,024,588 | $104,114,015 |
| Fixed assets | $196,182,455 | $187,251,555 | $178,647,830 | $174,670,275 | $164,865,815 |
| Other long-term assets | $679,027 | $826,464 | $1,115,013 | $1,297,853 | $1,380,611 |
| Total long-term assets | $318,585,154 | $311,170,465 | $289,804,565 | $287,992,716 | $270,360,441 |
| Total assets | $345,096,099 | $325,477,102 | $308,540,299 | $316,404,236 | $299,184,866 |
| Liabilities | 2018 | 2017 | 2016 | 2015 | 2014 |
| Payables and accrued expenses | $10,555,414 | $11,206,157 | $9,351,292 | $14,326,672 | $8,735,820 |
| Other current liabilities | $1,901,607 | $2,294,504 | $1,949,117 | $2,499,794 | $2,648,637 |
| Total current liabilities | $12,457,021 | $13,500,661 | $11,300,409 | $16,826,466 | $11,384,457 |
| Debt | $61,176,353 | $56,269,987 | $60,912,731 | $65,119,578 | $65,742,175 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $15,724,270 | $15,443,009 | $14,526,839 | $14,898,933 | $14,193,092 |
| Total long-term liabilities | $76,900,623 | $71,712,996 | $75,439,570 | $80,018,511 | $79,935,267 |
| Total liabilities | $89,357,644 | $85,213,657 | $86,739,979 | $96,844,977 | $91,319,724 |
| Net assets | 2018 | 2017 | 2016 | 2015 | 2014 |
| Unrestricted | $160,151,462 | $145,058,408 | $139,652,971 | $129,295,037 | $121,764,081 |
| Temporarily restricted | $43,828,462 | $44,786,125 | $33,066,852 | $42,883,700 | $40,237,407 |
| Permanently restricted | $51,758,531 | $50,418,912 | $49,080,497 | $47,380,522 | $45,863,654 |
| Net assets | $255,738,455 | $240,263,445 | $221,800,320 | $219,559,259 | $207,865,142 |
| Revenues and expenses | |||||
| Revenue | 2018 | 2017 | 2016 | 2015 | 2014 |
| Total contributions | $8,710,759 | $10,240,633 | $5,666,139 | $6,372,304 | $10,550,697 |
| Program service revenue | $108,675,881 | $105,232,484 | $102,460,442 | $96,482,340 | $88,994,356 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $5,400,010 | $5,076,840 | $4,343,258 | $4,763,597 | $12,040,849 |
| Other revenue | $2,795 | $5,530 | $5,615 | $5,547 | $9,615 |
| Total other revenue | $114,078,686 | $110,314,854 | $106,809,315 | $101,251,484 | $101,044,820 |
| Total revenue | $122,789,445 | $120,555,487 | $112,475,454 | $107,623,788 | $111,595,517 |
| Expenses | 2018 | 2017 | 2016 | 2015 | 2014 |
| Program services | $101,287,278 | $98,212,876 | $92,399,029 | $84,397,709 | $79,139,208 |
| Management and general | $6,789,349 | $6,578,550 | $6,024,575 | $7,702,588 | $7,188,347 |
| Fundraising | $2,283,204 | $2,285,980 | $2,653,821 | $2,521,274 | $2,478,159 |
| Total expenses | $110,359,831 | $107,077,406 | $101,077,425 | $94,621,571 | $88,805,714 |
| Change in net assets | 2018 | 2017 | 2016 | 2015 | 2014 |
| Surplus (deficit) | $12,429,614 | $13,478,081 | $11,398,029 | $13,002,217 | $22,789,803 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $12,429,614 | $13,478,081 | $11,398,029 | $13,002,217 | $22,789,803 |
Compensation
| Name | Title | Compensation |
| Randal O'Rear | President | $650,449 |
| Steve Theodore | COO & Sr VP For Admin | $367,353 |
| Jennifer Ramm | VP For Business & Finance | $255,784 |
| Daniel Mynatt | Vice Provost For Institutional Effectiveness & Dea | $243,781 |
| Gary Fredenburg | Head Football Coach | $221,587 |
| Sharon Souter | Dean - College of Nursing | $209,990 |
| Susan Owens | VP of Human Resources | $209,266 |
| Colin Wilborn | Dean - Graduate School | $204,876 |
| John Silvey Vassar | Provost & Sr VP For Academic Affairs | $140,994 |
Compensation data as of: 5/31/2018
Response from ministry
No response has been provided by this ministry.
History
The University of Mary Hardin-Baylor traces its distinguished history to the days when Texas had yet to gain statehood and when Baptist missionary work was just beginning in the frontier Republic. As early as 1839, representatives of churches in Washington County issued an appeal to the Home Mission Board of New York to inaugurate a missionary movement in Texas. Missionaries Rev. James Huckins and Rev. William M. Tryon were sent, and soon after, Judge R.E.B. Baylor came to Texas as a teacher, lawyer, soldier and preacher. Tryon and Baylor were appointed to prepare a charter to establish a Baptist university. On February 1, 1845, a charter was granted by the 9th Congress of the Republic of Texas, approved by President Anson Jones at Washington-on-the-Brazos, and the long awaited Baptist university became a reality. The school initially included a Preparatory Division in addition to co-educational classes for college students. In 1851, under the same charter, a Female Department and a Male Department were created, ending co-education. In 1866, the Female Department obtained a separate charter and its own board of trustees. In 1886, due to changing transportation and economics in the area, it was deemed necessary to move both schools. The Male Department consolidated with Waco University in Waco, Texas, retaining the name Baylor University. The Female Department (Baylor Female College since the 1866 separation) moved to Belton, Texas. Since the move to Belton, the school has undergone several name changes including: 1925, Baylor College for Women; 1934, Mary Hardin-Baylor College (named in honor of a benefactor); and 1978, University of Mary Hardin-Baylor. In 1971, the oldest college for women west of the Mississippi became co-educational. UMHB's illustrious history includes such notable milestones as starting the first work-study program for women in a college west of the Mississippi (1893); serving as the campus model for the Baptist Student Union (1920); establishing the first school of journalism in a college for women in America and being the second institution in Texas to offer the degree of Bachelor of Journalism (1921); and being recognized as the first Texas Baptist college accepted into full membership in the Southern Association of Colleges and Schools (1926). Since these auspicious "firsts," UMHB has continued to make history as a leader in the fields of education, business, nursing, and church leadership; in athletics through conference and national play; and in other important areas of campus life. Today, UMHB enjoys a robust student enrollment of around 4,000 students and employs more than 400 full-time faculty and staff committed to Christian higher education.