Goshen College Inc 
The information on this page was last updated 2/9/2026. If you see errors or omissions, please email: [email protected]
Summary
Everything connects at Goshen.
Art meets science. Humanity touches the environment. And hearts connect to minds.
Contact information
Mailing address:
Goshen College
1700 South Main Street
Goshen, IN 46526
Website: www.goshen.edu
Phone: 574-535-7000
Email: [email protected]
Organization details
EIN: 352158366
CEO/President: Rebecca J. Stoltzfus
Chairman: Joy Sutter
Board size: 15
Founder:
Ruling year: 2002
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Goshen College will cultivate joy, growth and purpose, preparing students to thrive in life, leadership and service. Rooted in the way of Jesus, we will seek inclusive community and transformative justice in all that we do.
Mission statement
Goshen College transforms local and global communities through courageous, creative and compassionate leaders. Shaped by Anabaptist-Mennonite tradition, we integrate academic excellence and real-world experience with active love for God and neighbor.
Statement of faith
Articles
| 4/16/2026 | Asbury Theological Seminary, Administer Justice Drop in Financial Efficiency Ratings |
| 3/6/2026 | Orange County Rescue Mission Resigns from ECFA |
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
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 | | 571 of 1420 | 55 of 155 |
| Fund acquisition rating | | 70 of 1420 | 17 of 155 |
| Resource allocation rating | | 464 of 1420 | 29 of 155 |
| Asset utilization rating | | 1385 of 1421 | 152 of 155 |
According to the organization's Form 990, it received $1,624,804 in government grants in 2025.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 13% | 3% | 3% | 3% | 2% | 3% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 1% | 1% | 1% | 1% | 1% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 15% | 26% | 32% | 31% | 36% | 27% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 1% | 1% | 1% | 1% | 1% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 85% | 74% | 68% | 69% | 64% | 73% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 89% | 87% | 88% | 87% | 89% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 93% | 96% | 101% | 88% | 95% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 82% | 84% | 89% | 77% | 85% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 7% | 4% | -1% | 12% | 5% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 2% | 1% | 0% | 4% | 1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 10% | 12% | 11% | 12% | 10% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.23 | 0.23 | 0.24 | 0.24 | 0.21 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.73 | 16.32 | 11.28 | 8.13 | 8.43 | 11.04 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.45 | 3.70 | 2.65 | 1.93 | 2.06 | 2.31 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.18 | 7.89 | 4.75 | 13.23 | 9.54 | 15.84 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.13 | 0.21 | 0.08 | 0.10 | 0.06 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.96 | 2.84 | 3.58 | 5.75 | 5.22 | 4.86 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 20% | 10% | 9% | 10% | 11% | 11% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 8% | 7% | 8% | 8% | 8% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 148% | 398% | 385% | 379% | 363% | 425% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $4,839,346 | $4,713,448 | $12,374,507 | $15,166,326 | $15,759,606 |
| Receivables, inventories, prepaids | $7,585,897 | $10,015,533 | $8,210,708 | $6,276,422 | $957,446 |
| Short-term investments | $2,122,531 | $4,743,716 | $4,904,829 | $2,242,926 | $2,495,292 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $14,547,774 | $19,472,697 | $25,490,044 | $23,685,674 | $19,212,344 |
| Long-term investments | $158,791,366 | $144,204,566 | $133,410,951 | $127,890,487 | $144,674,430 |
| Fixed assets | $62,315,723 | $54,171,699 | $46,216,226 | $46,226,692 | $46,146,907 |
| Other long-term assets | $1,769,542 | $1,754,650 | $2,070,816 | $1,941,084 | $2,087,666 |
| Total long-term assets | $222,876,631 | $200,130,915 | $181,697,993 | $176,058,263 | $192,909,003 |
| Total assets | $237,424,405 | $219,603,612 | $207,188,037 | $199,743,937 | $212,121,347 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $1,843,681 | $4,099,101 | $1,926,313 | $2,484,053 | $1,213,083 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $1,843,681 | $4,099,101 | $1,926,313 | $2,484,053 | $1,213,083 |
| Debt | $19,703,056 | $14,403,333 | $15,603,611 | $16,803,889 | $18,004,167 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $2,012,020 | $2,350,487 | $3,069,306 | $3,450,138 | $4,036,256 |
| Total long-term liabilities | $21,715,076 | $16,753,820 | $18,672,917 | $20,254,027 | $22,040,423 |
| Total liabilities | $23,558,757 | $20,852,921 | $20,599,230 | $22,738,080 | $23,253,506 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $50,781,387 | $47,887,157 | $42,921,152 | $46,420,305 | $46,472,453 |
| With donor restrictions | $163,084,261 | $150,863,534 | $143,667,655 | $130,585,552 | $142,395,388 |
| Net assets | $213,865,648 | $198,750,691 | $186,588,807 | $177,005,857 | $188,867,841 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $15,223,453 | $17,171,431 | $15,132,971 | $19,750,562 | $12,613,662 |
| Program service revenue | $34,619,391 | $31,978,945 | $31,776,468 | $31,954,092 | $32,819,532 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $7,674,488 | $3,916,464 | $1,352,984 | $3,353,732 | $297,493 |
| Other revenue | $473,092 | $484,107 | $523,992 | $512,181 | $1,047,085 |
| Total other revenue | $42,766,971 | $36,379,516 | $33,653,444 | $35,820,005 | $34,164,110 |
| Total revenue | $57,990,424 | $53,550,947 | $48,786,415 | $55,570,567 | $46,777,772 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $47,642,152 | $45,109,159 | $43,216,403 | $42,656,206 | $39,536,749 |
| Management and general | $5,609,216 | $5,973,224 | $5,513,471 | $5,648,611 | $4,584,746 |
| Fundraising | $503,667 | $514,224 | $483,586 | $447,517 | $315,468 |
| Total expenses | $53,755,035 | $51,596,607 | $49,213,460 | $48,752,334 | $44,436,963 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $4,235,389 | $1,954,340 | ($427,045) | $6,818,233 | $2,340,809 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $4,235,389 | $1,954,340 | ($427,045) | $6,818,233 | $2,340,809 |
Compensation
| Name | Title | Compensation |
| Rebecca Stoltzfus | President | $292,005 |
| Benjamin Bontrager | VP for Finance & Operations, Treasurer | $172,777 |
| Ann Vendrely | VP for Academic Affairs & Academic Dean | $163,897 |
| Michelle Horning | Prof of Accounting, Dept Chair, Program Director | $130,406 |
Compensation data as of: 6/30/2025
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 2/9/2026. To update the information below, please email: [email protected]
History
Goshen College was founded in 1894 as the Elkhart Institute of Science, Industry and the Arts, a private preparatory school to provide the opportunity for Mennonite and other young people to further their education. Soon afterwards, the Mennonite Church took over its operation, and by 1903 the school so flourished that new facilities were needed. Business and civic leaders from the city of Goshen convinced school leaders of the benefits of relocating to the southern edge of their growing town, and ground was broken on a wheat field near train tracks that could conveniently transport students to the new campus.
From its inception, Goshen College has been known for its high ideals and energetic vision, inspired by a deep desire to prepare students as engaged church leaders and responsible world citizens.
Soon after establishing the Goshen campus in 1903, President Noah Byers suggested a college motto that has stood the test of time: "Culture for Service." This motto has inspired generations of students to follow the example of Jesus as they equip themselves for lives of service.
In 2002, the college re-articulated the core values that have long been woven into the cultural fabric of the institution: We are a Christ-centered community committed to passionate learning, global citizenship, compassionate peacemaking and servant-leadership.
A sense of vibrant connectedness to the larger world has been integral to the college since its beginnings, when three students were sent to India for mission and famine relief work in 1898. One of the college's distinctive features is its Study-Service Term (SST) program, which was started in 1968 as a cutting-edge international education program, built on the experiences of many faculty members who had lived, studied and served abroad.
Since then, more than 8,000 students and 230 faculty members have journeyed to 25 countries significantly different from the United States through the semester-long, immersion experience of SST, which features the uncommon combination of cultural education and service-learning. And in 2023, after a 20 year journey, the U.S. Department of Education designated the college as a Hispanic-Serving Institution.
Today, more than 20,000 Goshen College alumni, reside throughout the world in more than 85 countries, and the campus has expanded to 135 acres with 19 major buildings. The college now offers 40 majors and 49 minors of academic study, as well as select graduate programs, with quality professional programs and facilities. In addition to academic programs, co-curriculars, internships, athletics and religious life programs offer students rich and balanced opportunities for personal, intellectual, spiritual, physical, social and professional growth.
The college has long been guided by a Christian theology of creation care and good stewardship of both environmental and financial resources. Merry Lea Environmental Learning Center of Goshen College annually hosts more than 7,000 school children for educational programs on its 1,189-acre natural sanctuary. In 2008 its ecological field station - Rieth Village - received the 42nd Platinum rating in the country from the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) program. The college offers various related undergraduate majors in environmental science and a master's degree in environmental education. And in 2007, President Jim Brenneman signed the American College & University Presidents' Climate Commitment to work toward a carbon neutral campus.
Much has changed since the college's beginnings, but the familiar sound of train whistles brings a reminder that many things remain the same. Goshen College - rooted in the Anabaptist tradition of answering Christ's call to reconciliation, community and service in the world - is thriving as a liberal arts college pursuing exceptional academic inquiry.
One of the college's distinctive features is its Study-Service Term program, which was implemented in 1968 as a cutting-edge international education program.