Lubbock Christian 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

LCU is a Christian organization that is passionately pursuing student success. Organizations from across the country have recognized Lubbock Christian University's efforts to offer a quality education that goes beyond the classroom, delivered from professors who have real world experience and who care about their students on a personal level.


Contact information

Mailing address:
Lubbock Christian University
5601 19th Street
Lubbock, TX 79407

Website: lcu.edu

Phone: 806-796-8800

Email: Traci.Sparks@LCU.edu


Organization details

EIN: 750950119

CEO/President: Dr. Scott McDowell

Chairman: Terry Creech

Board size: 29

Founder:

Year founded: 1956

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Lubbock Christian University will be a leading Christian university, known for its academic excellence and its commitment to faith that seeks understanding, where wisdom is pursued, vocation is discerned, and service is fostered.


Mission statement

Lubbock Christian University is a Christ-Centered, academic community of learners, transforming the hearts, minds, and hands of students for lives of purpose and service.


Statement of faith

Lubbock Christian University was founded in 1957 by members of the Churches of Christ who came together to establish a Christian university on the South Plains of Texas for the purpose of preparing and equipping students for lives of Christian service. The university is committed to continuing to walk with, to serve, and to be sustained by that fellowship. We welcome and embrace all of our students who come to the university from different faith backgrounds and perspectives, each of them a precious creation of God. As part of a tradition that grew out of a deep commitment to Christian unity and the renewing power of the Word, our hope and prayer is that the university will be a force for reconciliation, consistent with the best instincts of our heritage.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating632 of 91387 of 111
Fund acquisition rating159 of 91517 of 111
Resource allocation rating809 of 91596 of 111
Asset utilization rating682 of 91394 of 111

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%7%14%8%8%6%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%2%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%17%12%20%23%25%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%83%88%80%77%75%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%71%88%88%87%86%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%86%95%86%89%82%
Program output ratio Program output ratio =
Program services /
Total revenue
81%61%83%76%77%70%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%14%5%14%11%18%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%9%3%9%8%14%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%27%10%10%11%12%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.440.440.440.460.47
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.735.897.515.945.224.70
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.622.613.302.602.422.20
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.085.775.376.177.936.57
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.170.190.160.130.15
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.953.792.963.874.334.61
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%23%25%27%27%29%
Debt ratio Debt ratio =
Debt /
Total assets
16%20%22%24%24%26%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%173%170%167%158%151%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$3,755,003$4,107,060$6,452,565$7,790,111$6,722,347
Receivables, inventories, prepaids$5,156,862$5,204,105$5,118,712$4,729,679$4,727,631
Short-term investments$9,192,072$3,896,227$4,931,397$4,468,504$6,546,123
Other current assets$0$0$0$0$0
Total current assets$18,103,937$13,207,392$16,502,674$16,988,294$17,996,101
Long-term investments$0$0$0$0$0
Fixed assets$61,734,578$60,682,819$54,060,814$44,617,575$42,287,520
Other long-term assets$26,821,407$25,284,331$27,385,944$27,052,821$24,252,874
Total long-term assets$88,555,985$85,967,150$81,446,758$71,670,396$66,540,394
Total assets$106,659,922$99,174,542$97,949,432$88,658,690$84,536,495
 
Liabilities20192018201720162015
Payables and accrued expenses$2,637,620$2,458,406$2,676,148$2,141,736$2,739,362
Other current liabilities$500,000$0$0$0$0
Total current liabilities$3,137,620$2,458,406$2,676,148$2,141,736$2,739,362
Debt$21,485,954$22,294,929$23,317,163$21,260,206$21,584,895
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$262,234$276,940$346,383$380,402$398,360
Total long-term liabilities$21,748,188$22,571,869$23,663,546$21,640,608$21,983,255
Total liabilities$24,885,808$25,030,275$26,339,694$23,782,344$24,722,617
 
Net assets20192018201720162015
Without donor restrictions$52,916,015$48,231,646$42,151,291$33,162,637$30,915,415
With donor restrictions$28,858,099$25,912,621$29,458,447$31,713,709$28,898,463
Net assets$81,774,114$74,144,267$71,609,738$64,876,346$59,813,878
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$9,448,088$5,717,497$10,057,307$10,725,614$12,240,188
Program service revenue$36,803,313$36,787,785$36,407,315$34,208,591$31,359,178
Membership dues$0$0$0$0$0
Investment income$8,487,419$3,597,853$3,331,755$1,416,262$3,436,953
Other revenue$218,993$30,716($168,224)($147,150)$1,219,207
Total other revenue$45,509,725$40,416,354$39,570,846$35,477,703$36,015,338
Total revenue$54,957,813$46,133,851$49,628,153$46,203,317$48,255,526
 
Expenses20192018201720162015
Program services$33,767,572$38,298,937$37,618,362$35,666,550$33,985,648
Management and general$12,871,512$4,486,963$4,484,939$4,667,141$4,957,944
Fundraising$688,882$813,422$791,460$807,158$727,836
Total expenses$47,327,966$43,599,322$42,894,761$41,140,849$39,671,428
 
Change in net assets20192018201720162015
Surplus (deficit)$7,629,847$2,534,529$6,733,392$5,062,468$8,584,098
Other changes in net assets$0$0$0$0$0
Total change in net assets$7,629,847$2,534,529$6,733,392$5,062,468$8,584,098

Compensation

NameTitleCompensation
Dr Jeffrey D SmithCampus Physician$170,540
Foy MillsFaculty$163,223
Joann LongFaculty$128,835
Stephen GomezFaculty$127,836
Julie MarshallFaculty$117,850

Compensation data as of: 6/30/2019


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


Program accomplishments

With more than 65 undergraduate majors, a Scholars Colloquium, and an Honors College, LCU has been recognized by U.S. News & World Report as a Top 20 Comprehensive College in the Western Region. We have a 96% placement rate for graduates of our education program, and our pre-med students gain acceptance to medical school in a typical year at 85% which far exceeds the national average. LCU is one of the "greenest" campuses in the country, and as a student here, you can help ensure it stays that way. We're innovators in energy conservation, recycling, sustainability, and waste reduction, and we voluntarily seek LEED certification from the U.S. Green Building Council for new campus construction projects.


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