Concordia University - Mequon, WI 
The information on this page was last updated 1/28/2026. If you see errors or omissions, please email: [email protected]
Summary
At Concordia University Wisconsin your faith and your knowledge will flourish because we are a community that cares about your whole self-your mind, body, and spirit-and are committed to helping you reach your fullest potential.
Contact information
Mailing address:
Concordia University
12800 N Lake Shore Dr.
Mequon, WI 53097
Website: cuw.edu
Phone: 262-243-5700
Email: [email protected]
Organization details
EIN: 390833608
CEO/President: Dr. Erik Angerberg
Chairman: Rev. John M. Berg
Board size: 18
Founder:
Ruling year: 1941
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Our vision is to be well known nationally and internationally as a premier Lutheran Christian university, widely recognized for meaningful integration of faith and learning. Our alumni will assume significant servant leadership responsibilities in the Church and communities across the nation and around the world.
Mission statement
Concordia University Wisconsin is a Lutheran higher education community committed to helping students develop in mind, body, and spirit for service to Christ in the Church and the world.
Statement of faith
Concordia University is a university of The Lutheran Church-Missouri Synod and one of nine colleges and universities that together form the nation-wide Concordia University System. Our university educates students across a broad range of professional fields, and also offers professional church career education in the areas of Pre-Seminary studies, Lutheran teacher training, parish music, and church ministries leadership.
As a liberal arts university in the Lutheran tradition, CUW embraces a vibrant understanding of Lutheran vocation. In this, we believe that God has uniquely gifted each person to live a life of meaning that extends God's hands into the world. When we live out our callings, even when we do not realize it, God cares for all people.
In every Concordia classroom, on the playing fields and performance stages, in the residence halls, and even in our online learning, we strive to develop within each student the ideals of a Christian life. Within a Christian framework, students come to recognize that achieving their highest potential is remarkable not only for the betterment of self, but also for the good of others.
We believe, teach, and confess God's truth from the Bible, and we do it in the way that was given to us in our confession of faith. We cherish what has been passed down to us, and we incorporate it everywhere. As a liberal arts university, Concordia promotes the value of interdisciplinary education grounded in God's truth to help you navigate the complexities of the world.
Articles
| 3/27/2026 | Four Ministries Rise to Highest Donor Confidence Scores |
| 2/27/2026 | Cross International Soars in Financial Efficiency, Equipping the Persecuted Plummets |
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 | | 461 of 1420 | 41 of 155 |
| Fund acquisition rating | | 994 of 1420 | 121 of 155 |
| Resource allocation rating | | 491 of 1420 | 34 of 155 |
| Asset utilization rating | | 251 of 1421 | 22 of 155 |
According to the organization's Form 990, it received $2,137,022 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% | 32% | 34% | 37% | 23% | 47% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 2% | 2% | 2% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 15% | 5% | 5% | 5% | 8% | 5% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 2% | 2% | 2% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 85% | 95% | 95% | 95% | 92% | 95% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 88% | 90% | 88% | 83% | 83% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 95% | 99% | 103% | 99% | 101% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 84% | 89% | 91% | 82% | 84% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 5% | 1% | -3% | 1% | -1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 5% | 1% | -4% | 1% | -2% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 10% | 9% | 10% | 15% | 14% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.80 | 0.92 | 1.00 | 0.98 | 1.04 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.73 | 4.34 | 5.78 | 13.33 | 10.49 | 9.28 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.45 | 3.47 | 5.34 | 13.33 | 10.32 | 9.65 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.18 | 3.96 | 2.53 | 1.49 | 1.78 | 1.71 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.25 | 0.40 | 0.67 | 0.56 | 0.59 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.96 | 2.59 | 1.36 | 0.30 | 0.51 | 0.51 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 20% | 20% | 23% | 23% | 24% | 27% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 10% | 11% | 13% | 13% | 16% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 148% | 100% | 83% | 77% | 78% | 70% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $18,235,875 | $5,700,555 | $628,935 | $7,096,196 | $10,312,820 |
| Receivables, inventories, prepaids | $14,997,378 | $15,383,790 | $10,887,757 | $7,964,967 | $7,362,536 |
| Short-term investments | $12,512,356 | $11,270,749 | $1,331,247 | $1,892,305 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $45,745,609 | $32,355,094 | $12,847,939 | $16,953,468 | $17,675,356 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $151,226,666 | $152,899,574 | $156,863,946 | $159,182,241 | $161,420,144 |
| Other long-term assets | $1,729,633 | $1,688,767 | $1,572,295 | $1,708,338 | ($15,149,387) |
| Total long-term assets | $152,956,299 | $154,588,341 | $158,436,241 | $160,890,579 | $146,270,757 |
| Total assets | $198,701,908 | $186,943,435 | $171,284,180 | $177,844,047 | $163,946,113 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $5,148,178 | $4,196,024 | $4,244,800 | $4,692,782 | $5,994,241 |
| Other current liabilities | $6,400,019 | $8,599,444 | $4,389,131 | $4,832,502 | $4,368,037 |
| Total current liabilities | $11,548,197 | $12,795,468 | $8,633,931 | $9,525,284 | $10,362,278 |
| Debt | $20,489,488 | $21,498,228 | $22,504,974 | $23,604,656 | $25,423,716 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $8,601,131 | $8,867,686 | $8,947,988 | $8,703,714 | $8,462,021 |
| Total long-term liabilities | $29,090,619 | $30,365,914 | $31,452,962 | $32,308,370 | $33,885,737 |
| Total liabilities | $40,638,816 | $43,161,382 | $40,086,893 | $41,833,654 | $44,248,015 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $123,888,917 | $109,620,786 | $120,649,392 | $115,118,446 | $97,784,481 |
| With donor restrictions | $34,174,175 | $34,161,267 | $10,547,895 | $20,891,947 | $21,913,617 |
| Net assets | $158,063,092 | $143,782,053 | $131,197,287 | $136,010,393 | $119,698,098 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $8,664,325 | $8,582,587 | $8,146,972 | $14,851,085 | $7,940,782 |
| Program service revenue | $156,095,905 | $164,032,479 | $157,147,857 | $156,966,204 | $159,644,465 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $374,369 | $189,772 | $27,355 | $4,731,519 | $914,135 |
| Other revenue | $1,193,048 | $1,368,634 | $972,655 | $17,517 | $16,696 |
| Total other revenue | $157,663,322 | $165,590,885 | $158,147,867 | $161,715,240 | $160,575,296 |
| Total revenue | $166,327,647 | $174,173,472 | $166,294,839 | $176,566,325 | $168,516,078 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $139,734,266 | $154,699,657 | $151,033,763 | $145,537,338 | $142,184,647 |
| Management and general | $16,053,630 | $15,067,273 | $17,210,538 | $25,880,874 | $24,656,269 |
| Fundraising | $2,783,405 | $2,918,785 | $3,001,811 | $3,461,804 | $3,746,039 |
| Total expenses | $158,571,301 | $172,685,715 | $171,246,112 | $174,880,016 | $170,586,955 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $7,756,346 | $1,487,757 | ($4,951,273) | $1,686,309 | ($2,070,877) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $7,756,346 | $1,487,757 | ($4,951,273) | $1,686,309 | ($2,070,877) |
Compensation
| Name | Title | Compensation |
| Erik Ankerberg | President | $342,022 |
| Michael Litman | Faculty Comp Sci | $319,100 |
| Erik Jorvig | Dean Sop | $303,085 |
| Roy Peterson Thru 7124 | VP Finance /CFO | $240,363 |
| Matthew Hurtienne | Dean Bsb/Hsb | $232,006 |
| Leah Dvorak | Avp Academics | $223,994 |
| Ernest Stremski | Faculty Pa/Md | $218,295 |
| Steven Taylor | EVP and VP Innovation | $205,598 |
| Danielle Marsh | VP Finance CFO | $180,466 |
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 1/28/2026. To update the information below, please email: [email protected]
History
Concordia University Wisconsin is known for its breathtaking views of Lake Michigan, and in fact, many students will say the campus' location played a big role in their decision to enroll. But a large percentage of Concordia alumni living today-and even a few current faculty-will recall making a very different commute to school.
That's because Concordia's original campus was located in downtown Milwaukee on 31st Street, between State and Highland Streets. From the school's inception in 1881 to 1983, students who attended CUW (then called Concordia College) did so in the city. The inaugural class of Concordians, which was comprised of 13 students, met in the basement of Trinity Lutheran Church in downtown Milwaukee. The next year, the 31st Street property was purchased to start Concordia's first permanent campus.
For the next approximately eight decades, Concordia College offered high school and the first two years of a liberal arts college program, providing classical, technical, and religious instruction for students who desired to prepare themselves for the ministry of the Lutheran Church. In 1978, The Lutheran Church-Missouri Synod authorized Concordia to become a four-year accredited college that would provide instruction in teacher education, nursing, medical assistant, social work, and engineering.
In a farsighted move in 1982, the LCMS purchased the former campus of the School Sisters of Notre Dame in Mequon, Wisconsin, and the college was moved 15 minutes north of its original site.
On August 27, 1989, the Board of Regents approved the move to university status, and Concordia University Wisconsin became the first university among the 10-member Concordia University System.
In 2012, CUW entered into a strategic relationship with Concordia University in Ann Arbor. The university now consists of two residential campuses in Wisconsin and Ann Arbor, 8 centers located throughout Wisconsin, and online programs that reach students worldwide, with one president and governing body presiding over all.
Program accomplishments
71% of students say CUW has strongly impacted their spiritual formation.
100% pass rate on the National Physical Therapist Exam in 2020.
10% increase in graduation rates over the last five years.
96% of our graduates are employed full or part-time/advanced study within one year of graduation.
97% pass rate on the American Association of Nurse Practitioners exam in 2020.