Hardin-Simmons University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/26/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Founded in 1891, Hardin-Simmons University continues its commitment to developing the minds and nurturing the spiritual lives of its students. HSU, a private university located in Abilene, Texas. HSU provides an academically challenging undergraduate education based on a liberal arts foundation, and advances scholarly growth by offering specialized graduate and professional degree programs.


Contact information

Mailing address:
Hardin-Simmons University
2200 Hickory St.
Abilene, TX 79698

Website: hsutx.edu

Phone: 325-670-1000

Email: admissions@hsutx.edu


Organization details

EIN: 750808791

CEO/President: Eric Bruntmyer

Chairman: Laura Moore

Board size: 36

Founder: George W. Smith, Kirwin Kade Legett, James Simmons

Year founded: 1935

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: No

Member of ECFA since:


Purpose

Hardin-Simmons University will be an innovative community of servant scholars engaging the minds and nurturing the spirits of future Christian leaders.


Mission statement

The mission of Hardin-Simmons University is to be a community dedicated to providing excellence in education, enlightened by Christian faith and values.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating594 of 81781 of 100
Fund acquisition rating442 of 81754 of 100
Resource allocation rating308 of 81735 of 100
Asset utilization rating798 of 817100 of 100

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%21%13%9%10%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%1%1%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%8%13%14%12%19%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%1%1%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%92%87%86%88%81%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%87%88%88%87%87%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%102%97%93%98%87%
Program output ratio Program output ratio =
Program services /
Total revenue
82%88%85%82%85%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-2%3%7%2%13%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-1%1%2%1%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%12%11%11%12%11%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.280.280.280.300.25
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.8833.1724.8121.3916.2715.24
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.699.226.935.944.933.79
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.860.982.282.272.882.73
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.171.020.440.440.350.37
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.80-0.020.971.131.592.01
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%19%16%13%12%12%
Debt ratio Debt ratio =
Debt /
Total assets
17%12%12%8%8%7%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
142%292%299%313%289%352%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$6,495,292$6,154,822$8,498,500$9,066,749$10,149,923
Receivables, inventories, prepaids$2,689,144$4,002,064$1,914,509$3,707,721$4,875,984
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$9,184,436$10,156,886$10,413,009$12,774,470$15,025,907
Long-term investments$195,366,324$160,001,719$145,644,042$129,801,990$150,383,725
Fixed assets$83,040,858$58,043,460$52,403,765$52,647,868$51,960,279
Other long-term assets$17,017,749$23,802,595$14,320,467$12,598,937$11,554,705
Total long-term assets$295,424,931$241,847,774$212,368,274$195,048,795$213,898,709
Total assets$304,609,367$252,004,660$222,781,283$207,823,265$228,924,616
 
Liabilities20192018201720162015
Payables and accrued expenses$9,343,053$4,451,704$4,596,521$4,432,442$5,498,526
Other current liabilities$0$0$0$0$0
Total current liabilities$9,343,053$4,451,704$4,596,521$4,432,442$5,498,526
Debt$37,506,580$29,168,212$17,317,939$16,528,784$17,069,805
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$10,648,035$7,701,662$7,381,710$4,971,429$5,463,103
Total long-term liabilities$48,154,615$36,869,874$24,699,649$21,500,213$22,532,908
Total liabilities$57,497,668$41,321,578$29,296,170$25,932,655$28,031,434
 
Net assets20192018201720162015
Unrestricted$81,340,351$42,478,709$40,825,097$39,317,320$41,817,305
Temporarily restricted$49,769,283$56,015,192$44,523,888$38,417,799$56,678,553
Permanently restricted$116,002,065$112,189,181$108,136,128$104,155,491$102,397,324
Net assets$247,111,699$210,683,082$193,485,113$181,890,610$200,893,182
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$6,783,744$9,076,362$9,084,060$7,660,532$12,297,897
Program service revenue$58,806,937$53,178,061$47,142,897$44,833,322$42,905,993
Membership dues$0$0$0$0$0
Investment income$17,780,230$10,078,610$10,128,239$11,713,818$10,161,131
Other revenue$0$0$0$0$0
Total other revenue$76,587,167$63,256,671$57,271,136$56,547,140$53,067,124
Total revenue$83,370,911$72,333,033$66,355,196$64,207,672$65,365,021
 
Expenses20192018201720162015
Program services$73,539,491$61,771,677$54,309,022$54,882,319$49,777,272
Management and general$9,790,887$7,420,449$6,745,253$7,356,931$6,215,803
Fundraising$1,391,193$1,172,395$810,080$778,699$1,015,258
Total expenses$84,721,571$70,364,521$61,864,355$63,017,949$57,008,333
 
Change in net assets20192018201720162015
Surplus (deficit)($1,350,660)$1,968,512$4,490,841$1,189,723$8,356,688
Other changes in net assets$0$0$0$0$0
Total change in net assets($1,350,660)$1,968,512$4,490,841$1,189,723$8,356,688

Compensation

NameTitleCompensation
Eric BruntmyerPresident$338,380
Chris McNairProvost & CAO$223,531
Jodie McGaugheyVP For Finance$183,744
Michael MonhollonDean For Kelley College$177,794
Jennifer EamesAssoc. Prof Pa$155,564
Coleman PattersonDir of Leadership Studies$147,491
Mike HammackVP For Inst Adv$143,695
David RozeboomVP For Studentlife$142,714
Mr Robert McIntyreProfessor Business Admin$137,675
Vicki HouseVP For Enroll$135,783
Travis FramptonVP For Univ Mission & Strat$135,007

Compensation data as of: 5/31/2019


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 10/26/2020. To update the information below, please email: info@ministrywatch.com


History

Established in 1891, Hardin-Simmons University is a pioneer of higher education in the West. Our founders dreamed of creating a place to nurture both the minds and spirits of our students. The city of Abilene was still in its infancy when a group of settlers-merchants, ranchers, and preachers-sought to found a college in this fledgling pioneer town. Through the tireless efforts of Rev. George W. Smith and attorney Kirwin Kade Legett, and the support of the Sweetwater Baptist Association, the school came into being February 18, 1891, as Abilene Baptist College. Abilene citizens joined the original trustees in raising $5,000 to initially fund the school. An Abilene businessman and his Fort Worth partners donated 16 acres and an additional $5,000. Plans were drawn and a building, Old Main, began to rise north of Abilene in the summer of 1891. New York preacher Dr. James B. Simmons provided funding to help the school complete construction of its first building. And the trustees honored him in renaming the institution Simmons College. The Simmons family continued to harbor a deep interest in the school, providing financial support and even requesting that they be buried in the midst of the campus. The first class of sixty students entered Simmons College in 1892. William Friley led the school as the first president. In the first 20 years, five presidents came and went. In 1909, Dr. J. D. Sandefer accepted the presidency. Under his 40-year leadership, the school grew and flourished. In 1925, the school became Simmons University. During the Great Depression, Simmons struggled, but financial help arrived when John and Mary Hardin of Burkburnet, Texas, donated part of their fortune to the school. The Hardins' generosity and commitment brought the university long-term stability and, in 1934, a new name: Hardin-Simmons University. In 1926, Hardin-Simmons welcomed its first graduate program. In the 1960s, the campus expanded with a multi-million dollar campaign that results in a new library, science center, and a health and fitness complex. By the 80s, offered master's degrees in six areas. Also in the 1980s, the school's enrollment hit 2,000. By the 2000s, HSU grew to offer more than 50 majors, and was divided into distinct schools and colleges.


Program accomplishments


Needs