Taylor University

The information on this page was last updated 4/12/2023. If you see errors or omissions, please email: [email protected]


Summary

For more than 170 years, Taylor University has stayed true to its heritage, challenging each generation of students to integrate faith with learning and follow Christ's calling. Though our University's history is not blemish-free, tough times have kept us anchored in faith and committed to our university's mission. Founded in 1846 as Fort Wayne Female College, Taylor University now stands as the oldest non-denominational school in Council for Christian Colleges and Universities (CCCU).


Contact information

Mailing address:
Taylor University
236 W Reade Ave
Upland, IN 46989-1001

Website: taylor.edu

Phone: 800-882-3456

Email: [email protected]


Organization details

EIN: 350868181

CEO/President: D. Michael Lindsay, Ph.D.

Chairman: Chris L Goeglein

Board size: 20

Founder:

Ruling year: 1953

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: Yes

Member of ECFA since: 1980


Purpose

With more than 60 majors across the arts, humanities, sciences, and social sciences, and a Foundational Core curriculum that promotes a broad base of knowledge, Taylor encourages students to ask hard questions, apply themselves to the tasks at hand, and embrace their callings.


Mission statement

Taylor's mission is to develop servant leaders marked with a passion to minister Christ's redemptive love and truth to a world in need. We seek to accomplish this mission by striving to be:

Whole Person Focused: We involve students in learning experiences imbued with a vital Christian interpretation of truth and life which foster their intellectual, emotional, physical, vocational, social, and spiritual development.

Biblically Anchored and Liberal Arts Grounded: We offer a liberal arts, professional, and life-long education based upon the conviction all truth has its source in God and His Word.

Christ-Centered: Our Christian faith should permeate all learning-leading to a consistent life of worship, servant leadership, stewardship, and world outreach.

Faith and Learning Integrated: We strive to create specific experiences where the integrative focus of a Christian liberal arts education is clarified, personalized, and applied.

World Engaging: We contribute to the advancement of human knowledge and understanding and serve the evangelical Christian church and the larger, public community for the glory of God.

Servant Leader Motivated: We foster a biblical model of relationships acknowledging both unity and diversity of the followers of Christ within a covenant community, which can be evidenced in a continuing lifestyle of service to and concern for others.


Statement of faith

Taylor University is firmly committed to the lordship of Jesus Christ and evangelical Christianity. To assure the central place of Christian principles in the philosophy and life of the University, the trustees, administration, faculty, and staff believe that:

There is one God, eternally existent in three persons-Father, Son, and Holy Spirit-the only Creator, Redeemer, and Sustainer of all things in heaven and on earth.

The Bible is the only inspired, authoritative written word of God, true and trustworthy in all it affirms.

Jesus Christ is the eternal, living Word of God. Through his incarnation he revealed God's plan of redemption by his virgin birth, sinless life, atoning death, bodily resurrection, and ascension. He will return in power and glory to judge the living and the dead.

The Holy Spirit is present in the life of every believer, testifying to the lordship of Christ, illuminating the Scriptures, and empowering believers for fruitful service and obedience to God's commands.

Humankind, though uniquely created in God's image, rebelled and stands in need of redemption. God, by his grace, extends salvation, reconciliation, and eternal life to anyone who comes to Christ by faith.

The Church is the global body of believers across time who affirm that Jesus Christ is Lord and demonstrate their faith and unity in Christ by loving and serving him and all people.

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating696 of 1110101 of 129
Fund acquisition rating723 of 111193 of 129
Resource allocation rating495 of 111159 of 129
Asset utilization rating674 of 111092 of 129

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%13%14%28%26%30%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%4%3%3%4%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
20%28%23%11%14%12%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%4%4%3%4%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
80%72%77%89%86%88%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%85%85%87%87%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%83%83%91%100%99%
Program output ratio Program output ratio =
Program services /
Total revenue
80%71%70%79%87%87%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%17%17%9%0%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%7%8%4%0%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%10%12%9%9%9%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.290.340.340.380.39
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.691.621.891.751.891.94
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.440.470.650.590.720.75
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.2326.8424.2526.2122.9423.90
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.040.040.040.040.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.2924.6117.7419.6315.8515.26
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%12%15%12%16%16%
Debt ratio Debt ratio =
Debt /
Total assets
11%8%11%7%8%9%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
151%303%248%263%218%217%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$11,659,627$7,987,584$11,065,964$8,062,300$6,153,027
Receivables, inventories, prepaids$53,755,323$10,125,797$3,594,657$3,709,231$6,678,676
Short-term investments$166,025,056$138,933,977$145,608,366$124,425,614$118,489,125
Other current assets$0$0$0$0$0
Total current assets$231,440,006$157,047,358$160,268,987$136,197,145$131,320,828
Long-term investments$16,214,921$14,651,001$9,132,705$7,506,664$8,272,628
Fixed assets$106,213,277$99,665,830$100,286,874$102,571,269$104,871,784
Other long-term assets$21,058,748$25,875,930$10,627,844$10,482,325$10,684,601
Total long-term assets$143,486,946$140,192,761$120,047,423$120,560,258$123,829,013
Total assets$374,926,952$297,240,119$280,316,410$256,757,403$255,149,841
 
Liabilities20232022202120202019
Payables and accrued expenses$8,281,020$5,835,441$5,554,744$4,049,482$4,869,156
Other current liabilities$340,688$640,081$561,136$1,888,716$626,100
Total current liabilities$8,621,708$6,475,522$6,115,880$5,938,198$5,495,256
Debt$30,873,344$31,470,195$19,455,609$21,171,092$23,457,203
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$6,074,927$6,424,615$6,960,690$14,400,110$11,498,900
Total long-term liabilities$36,948,271$37,894,810$26,416,299$35,571,202$34,956,103
Total liabilities$45,569,979$44,370,332$32,532,179$41,509,400$40,451,359
 
Net assets20232022202120202019
Without donor restrictions$146,833,076$110,815,125$115,429,682$106,308,732$107,372,333
With donor restrictions$182,523,897$142,054,662$132,354,549$108,939,271$107,326,149
Net assets$329,356,973$252,869,787$247,784,231$215,248,003$214,698,482
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$36,406,640$28,668,284$11,730,450$14,074,234$12,287,407
Program service revenue$88,485,078$82,959,452$84,087,053$81,234,996$83,561,679
Membership dues$0$0$0$0$0
Investment income$5,348,907$10,477,285$8,229,079$3,787,421$3,815,009
Other revenue$145,197$146,588$0($2,700)($1,647)
Total other revenue$93,979,182$93,583,325$92,316,132$85,019,717$87,375,041
Total revenue$130,385,822$122,251,609$104,046,582$99,093,951$99,662,448
 
Expenses20232022202120202019
Program services$92,613,140$86,134,989$82,046,527$86,044,256$86,555,191
Management and general$11,351,071$11,754,890$8,951,289$8,965,298$8,673,002
Fundraising$4,669,903$3,986,403$3,232,748$3,610,471$3,686,020
Total expenses$108,634,114$101,876,282$94,230,564$98,620,025$98,914,213
 
Change in net assets20232022202120202019
Surplus (deficit)$21,751,708$20,375,327$9,816,018$473,926$748,235
Other changes in net assets$0$0$0$0$0
Total change in net assets$21,751,708$20,375,327$9,816,018$473,926$748,235

Compensation

NameTitleCompensation
Dr D Michael LindsayPresident$599,045
Jewerl MaxwellProvost$208,964
Holly WhitbyVP of Enrollment & Marketing$204,319
Stephen OlsonVP Business & Finance / CFO$190,092
Ron SutherlandSpecial Assistant to the President$174,983
Vance MaloneyFaculty Member$164,982
Coein (Skip) TrudeauVP of Student Services$160,928
Will HagenVP for Strategy and Chief of Staff$157,108
Mike FalderVP for University Advancement$143,843

Compensation data as of: 5/31/2023


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 4/12/2023. To update the information below, please email: [email protected]


History

For a timeline, visit: taylor.edu/about/heritage


Program accomplishments

Taylor ranks second among Indiana schools, including Notre Dame, Butler, and Purdue, and second nationally among CCCU schools, including Trinity, Westmont, and Calvin, for average incoming freshman SAT score.

Wide variety of study and service abroad opportunities, Taylor is ranked third nationally of baccalaureate schools for the number of students who experienced a short-term trip. 98% of graduates secure a full-time or part-time job, post-graduate internship, or graduate school placement within six months after graduation.


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