Cairn University 
The information on this page was last updated 9/14/2023. If you see errors or omissions, please email: [email protected]
Summary
A path that will challenge you, inspire you, and prepare you for life and work. One that is centered on Jesus Christ and the Word of God, one that will give you a broad perspective on the world that is engaging and purposeful, one that will change your life and point you in a direction that will make a difference in this world and the lives of those around you. We know these are important days. The need for men and women of character, who are biblically minded, well-educated, and professionally competent is great. We believe that a Cairn education prepares graduates to meet that need.
Contact information
Mailing address:
200 Manor Avenue
Langhorne, PA 19047
Website: cairn.edu
Phone: 800-366-0049
Email: [email protected]
Organization details
EIN: 230973290
CEO/President: Todd J. Williams
Chairman: Betty Jane Hess
Board size: 15
Founder: W.W. Rugh
Ruling year: 1952
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
A path that will challenge you, inspire you, and prepare you for life and work. One that is centered on Jesus Christ and the Word of God, one that will give you a broad perspective on the world that is engaging and purposeful, one that will change your life and point you in a direction that will make a difference in this world and the lives of those around you. We know these are important days. The need for men and women of character, who are biblically minded, well-educated, and professionally competent is great. We believe that a Cairn education prepares graduates to meet that need.
Mission statement
Cairn University exists to educate students to serve Christ in the church, society, and the world as biblically minded, well-educated, and professionally competent men and women of character.
Statement of faith
We believe that there is only one God, Creator of heaven and earth, who exists eternally in three equal persons - Father, Son, and Holy Spirit.
We believe that the Old and New Testament Scriptures are the inspired Word of God, written under the guidance of the Holy Spirit without error in the words of the original documents and providentially preserved as the supreme authority for faith and life.
We believe that human beings were specially created by God to be perfect bearers of His image, but that through sin they alienated themselves from Him. Consequently, they have inherited a nature incapable of pleasing God and have incurred the certainty of physical death and the prospect of eternal punishment.
We believe that Jesus Christ, the eternal Son of God and second person of the Godhead, is the Word made flesh. He was conceived by the Holy Spirit and born of the virgin Mary. He is therefore fully divine and fully human.
We believe that Jesus Christ, being without sin, died as the substitute for sinful humanity, and that His death is sufficient both to satisfy the justice of an offended holy God and to reconcile sinners to Him. We believe that Jesus Christ was raised from the dead bodily and ascended in that form into heaven, where He sits at the right hand of the Father, and is presently interceding for His own as High Priest and Advocate.
We believe that sinners are justified by faith alone, forgiven, reconciled to God, kept by Him, and granted eternal life as a gift of His grace, which they receive by faith alone in the crucified and risen Savior, Jesus Christ. We believe that all who trust Him are born of the Holy Spirit and thereby become the children of God.
We believe that the Church is the body of Christ inaugurated by the Holy Spirit at Pentecost, and consists solely of those who have trusted Jesus Christ for salvation. We believe that its members are indwelt by the Holy Spirit from the moment of conversion and are enabled by Him to glorify the Lord Jesus by living godly lives, strengthening one another, and making disciples throughout all nations.
We believe that Jesus Christ will return to the earth personally and physically to receive His people into His presence, to bring judgment on an unbelieving world, and to establish His sovereign rule of righteousness and peace over the earth. We believe His coming could occur at any time.
We believe that both believers and unbelievers will be raised from the dead bodily, believers to conscious eternal blessedness in God's presence and unbelievers to conscious eternal punishment and separation from Him.
Donor confidence score
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 145 of 1118 | 6 of 130 |
| Fund acquisition rating | | 342 of 1119 | 41 of 130 |
| Resource allocation rating | | 339 of 1119 | 30 of 130 |
| Asset utilization rating | | 208 of 1118 | 20 of 130 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 13% | 8% | 6% | 8% | 19% | 30% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 1% | 1% | 1% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 18% | 14% | 20% | 18% | 8% | 7% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 1% | 1% | 2% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 82% | 86% | 80% | 82% | 92% | 93% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 87% | 89% | 83% | 82% | 72% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 101% | 94% | 88% | 104% | 108% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 88% | 83% | 73% | 86% | 77% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | -1% | 6% | 12% | -4% | -8% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 1% | -1% | 6% | 12% | -4% | -7% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 12% | 10% | 15% | 16% | 26% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.51 | 0.64 | 0.66 | 0.61 | 0.73 | 0.71 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.61 | 8.53 | 8.03 | 5.49 | 6.19 | 9.46 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.41 | 5.48 | 5.30 | 3.34 | 4.55 | 6.76 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 7.92 | 3.63 | 2.95 | 1.98 | 1.69 | 2.77 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.13 | 0.28 | 0.34 | 0.50 | 0.59 | 0.36 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.43 | 1.59 | 1.50 | 1.78 | 1.08 | 1.13 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 24% | 28% | 28% | 28% | 32% | 27% |
Debt ratio Debt ratio = Debt / Total assets | 11% | 23% | 22% | 17% | 20% | 20% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 148% | 113% | 109% | 118% | 92% | 102% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $3,772,015 | $4,802,543 | $7,649,022 | $5,780,626 | $3,848,025 |
| Receivables, inventories, prepaids | $2,418,695 | $1,800,647 | $2,072,520 | $1,781,253 | $1,023,841 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $6,190,710 | $6,603,190 | $9,721,542 | $7,561,879 | $4,871,866 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $29,183,479 | $30,537,477 | $24,051,924 | $23,513,279 | $24,164,483 |
| Other long-term assets | $17,456,740 | $15,862,748 | $19,596,203 | $15,753,713 | $17,036,720 |
| Total long-term assets | $46,640,219 | $46,400,225 | $43,648,127 | $39,266,992 | $41,201,203 |
| Total assets | $52,830,929 | $53,003,415 | $53,369,669 | $46,828,871 | $46,073,069 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $643,693 | $951,029 | $1,371,352 | $650,303 | $735,188 |
| Other current liabilities | $1,062,165 | $1,284,460 | $3,530,677 | $3,823,460 | $1,022,808 |
| Total current liabilities | $1,705,858 | $2,235,489 | $4,902,029 | $4,473,763 | $1,757,996 |
| Debt | $12,002,431 | $11,723,030 | $8,883,678 | $9,381,750 | $9,366,597 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $929,638 | $977,781 | $1,197,473 | $1,351,764 | $1,398,557 |
| Total long-term liabilities | $12,932,069 | $12,700,811 | $10,081,151 | $10,733,514 | $10,765,154 |
| Total liabilities | $14,637,927 | $14,936,300 | $14,983,180 | $15,207,277 | $12,523,150 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $22,868,989 | $23,512,173 | $20,056,772 | $17,808,955 | $18,350,998 |
| With donor restrictions | $15,324,013 | $14,554,942 | $18,329,717 | $13,812,639 | $15,198,921 |
| Net assets | $38,193,002 | $38,067,115 | $38,386,489 | $31,621,594 | $33,549,919 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $4,628,909 | $7,536,508 | $6,575,443 | $2,712,279 | $2,097,240 |
| Program service revenue | $27,415,776 | $29,312,953 | $28,884,412 | $29,226,439 | $27,281,848 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $783,045 | ($116,676) | $1,328,656 | $493,741 | $470,447 |
| Other revenue | $703,664 | $532,564 | $208,153 | $633,059 | $737,813 |
| Total other revenue | $28,902,485 | $29,728,841 | $30,421,221 | $30,353,239 | $28,490,108 |
| Total revenue | $33,531,394 | $37,265,349 | $36,996,664 | $33,065,518 | $30,587,348 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $29,580,835 | $31,094,884 | $26,937,100 | $28,274,396 | $23,633,483 |
| Management and general | $3,974,190 | $3,434,332 | $4,973,676 | $5,617,184 | $8,670,127 |
| Fundraising | $352,828 | $439,322 | $523,207 | $516,297 | $624,544 |
| Total expenses | $33,907,853 | $34,968,538 | $32,433,983 | $34,407,877 | $32,928,154 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | ($376,459) | $2,296,811 | $4,562,681 | ($1,342,359) | ($2,340,806) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($376,459) | $2,296,811 | $4,562,681 | ($1,342,359) | ($2,340,806) |
Compensation
| Name | Title | Compensation |
| Drtodd J Williams | President | $249,400 |
| Gregory Schaller | Chair, Social Sciences Dep | $151,549 |
| Yunn Kang | Senior VP , Finance | $142,815 |
| Scott Cawood | Sr. VP For Student Affairs | $138,934 |
Compensation data as of: 6/30/2023
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 9/14/2023. To update the information below, please email: [email protected]
History
Cairn University enjoys a heritage that spans over one hundred years. Founded in 1913, it is the result of the merger of two separate institutions which formed Philadelphia Bible Institute in 1951, a school which offered only three-year diplomas and focused primarily on the training of lay people.