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

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Transparency grade

D

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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating91 of 11135 of 130
Fund acquisition rating273 of 111439 of 130
Resource allocation rating247 of 111424 of 130
Asset utilization rating192 of 111318 of 130

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%6%8%19%30%23%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%2%2%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
20%20%18%8%7%12%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%2%2%2%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
80%80%82%92%93%88%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%89%83%82%72%74%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%94%88%104%108%103%
Program output ratio Program output ratio =
Program services /
Total revenue
79%83%73%86%77%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%6%12%-4%-8%-3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%6%12%-4%-7%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%10%15%16%26%24%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.660.610.730.710.67
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.708.035.496.199.4611.27
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.455.303.344.556.767.51
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.082.951.981.692.772.44
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.340.500.590.360.41
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.221.501.781.081.130.94
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
25%28%28%32%27%22%
Debt ratio Debt ratio =
Debt /
Total assets
11%22%17%20%20%15%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
148%109%118%92%102%116%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$4,802,543$7,649,022$5,780,626$3,848,025$2,571,709
Receivables, inventories, prepaids$1,800,647$2,072,520$1,781,253$1,023,841$912,646
Short-term investments$0$0$0$0$637,898
Other current assets$0$0$0$0$0
Total current assets$6,603,190$9,721,542$7,561,879$4,871,866$4,122,253
Long-term investments$0$0$0$0$0
Fixed assets$30,537,477$24,051,924$23,513,279$24,164,483$24,013,330
Other long-term assets$15,862,748$19,596,203$15,753,713$17,036,720$18,303,697
Total long-term assets$46,400,225$43,648,127$39,266,992$41,201,203$42,317,027
Total assets$53,003,415$53,369,669$46,828,871$46,073,069$46,439,280
 
Liabilities20222021202020192018
Payables and accrued expenses$951,029$1,371,352$650,303$735,188$737,781
Other current liabilities$1,284,460$3,530,677$3,823,460$1,022,808$952,723
Total current liabilities$2,235,489$4,902,029$4,473,763$1,757,996$1,690,504
Debt$11,723,030$8,883,678$9,381,750$9,366,597$7,092,723
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$977,781$1,197,473$1,351,764$1,398,557$1,661,873
Total long-term liabilities$12,700,811$10,081,151$10,733,514$10,765,154$8,754,596
Total liabilities$14,936,300$14,983,180$15,207,277$12,523,150$10,445,100
 
Net assets20222021202020192018
Without donor restrictions$23,512,173$20,056,772$17,808,955$18,350,998$18,941,655
With donor restrictions$14,554,942$18,329,717$13,812,639$15,198,921$17,052,525
Net assets$38,067,115$38,386,489$31,621,594$33,549,919$35,994,180
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$7,536,508$6,575,443$2,712,279$2,097,240$3,553,874
Program service revenue$29,312,953$28,884,412$29,226,439$27,281,848$24,997,538
Membership dues$0$0$0$0$0
Investment income($116,676)$1,328,656$493,741$470,447$785,922
Other revenue$532,564$208,153$633,059$737,813$766,738
Total other revenue$29,728,841$30,421,221$30,353,239$28,490,108$26,550,198
Total revenue$37,265,349$36,996,664$33,065,518$30,587,348$30,104,072
 
Expenses20222021202020192018
Program services$31,094,884$26,937,100$28,274,396$23,633,483$22,774,917
Management and general$3,434,332$4,973,676$5,617,184$8,670,127$7,388,811
Fundraising$439,322$523,207$516,297$624,544$802,575
Total expenses$34,968,538$32,433,983$34,407,877$32,928,154$30,966,303
 
Change in net assets20222021202020192018
Surplus (deficit)$2,296,811$4,562,681($1,342,359)($2,340,806)($862,231)
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,296,811$4,562,681($1,342,359)($2,340,806)($862,231)

Compensation

NameTitleCompensation
Drtodd J WilliamsPresident$204,984
Paul TnealSr. V.p., Advancement & Co$147,106
Gregory SchallerChair, Social Sciences Dept$137,572
Yunn KangSenior VP , Finance$132,575
Scott CawoodSr. VP For Student Affairs$122,412

Compensation data as of: 6/30/2022


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.


Program accomplishments


Needs