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

CategoryRatingOverall rankSector rank
Overall efficiency rating483 of 72567 of 87
Fund acquisition rating487 of 72663 of 87
Resource allocation rating149 of 72612 of 87
Asset utilization rating668 of 72586 of 87

Financial ratios

Funding ratiosSector median20182017201620152014
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 ratiosSector median20182017201620152014
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 ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.320.330.330.300.30
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.0113.0222.7516.4711.1410.38
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.644.167.485.393.333.08
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.262.131.061.661.692.53
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.470.940.600.590.39
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.031.530.090.881.472.36
 
Solvency ratiosSector median20182017201620152014
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
 
Assets20182017201620152014
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
 
Liabilities20182017201620152014
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 assets20182017201620152014
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
 
Revenue20182017201620152014
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
 
Expenses20182017201620152014
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 assets20182017201620152014
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

NameTitleCompensation
Randal O'RearPresident$650,449
Steve TheodoreCOO & Sr VP For Admin$367,353
Jennifer RammVP For Business & Finance$255,784
Daniel MynattVice Provost For Institutional Effectiveness & Dea$243,781
Gary FredenburgHead Football Coach$221,587
Sharon SouterDean - College of Nursing$209,990
Susan OwensVP of Human Resources$209,266
Colin WilbornDean - Graduate School$204,876
John Silvey VassarProvost & 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.


Program accomplishments


Needs