University of Mount Olive 
The information on this page was last updated 8/31/2026. If you see errors or omissions, please email: [email protected]
Summary
Celebrating 75 years of the University of Mount Olive, we honor a legacy of empowering students to learn, grow, and succeed. With flexible, transfer-friendly programs from associate to doctoral degrees, UMO meets students wherever they are and supports their success today and into the future.
Contact information
Mailing address:
University of Mount Olive
634 Henderson Street
Mount Olive, NC 28365
Website: umo.edu
Phone: 1-800-653-0854
Email: [email protected]
Organization details
EIN: 560623936
CEO/President: Edward Croom
Chairman: Donnie Lassiter
Board size: 27
Founder:
Ruling year: 1959
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
The University of Mount Olive will be a nationally recognized, regionally prominent institution that integrates Christian virtues into learning, leadership, and service for the cultivation of graduates who lead impactful lives to navigate an ever-changing world.
Mission statement
The University of Mount Olive is a faith-based educational institution committed to creating nurturing, student-centric experiences that promote sustainable opportunities for intellectual, spiritual, and personal growth.
Statement of faith
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 | | 710 of 1485 | 83 of 156 |
| Fund acquisition rating | | 374 of 1485 | 40 of 156 |
| Resource allocation rating | | 1086 of 1485 | 112 of 156 |
| Asset utilization rating | | 722 of 1486 | 90 of 156 |
According to the organization's Form 990, it received $683,101 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% | 7% | 13% | 5% | 4% | 8% |
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% | 21% | 11% | 16% | 26% | 16% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 2% | 2% | 1% | 1% | 1% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 85% | 79% | 89% | 84% | 74% | 84% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 78% | 80% | 84% | 81% | 80% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 83% | 97% | 93% | 84% | 92% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 65% | 78% | 78% | 68% | 73% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 17% | 3% | 7% | 16% | 8% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 10% | 2% | 4% | 15% | 7% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 20% | 18% | 16% | 18% | 19% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.52 | 0.44 | 0.48 | 0.54 | 0.62 | 0.58 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.72 | 2.28 | 2.44 | 2.56 | 2.81 | 2.62 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.43 | 1.01 | 1.18 | 1.39 | 1.76 | 1.53 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.14 | 4.23 | 3.22 | 4.46 | 4.58 | 3.99 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.24 | 0.31 | 0.22 | 0.22 | 0.25 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.04 | 9.10 | 7.02 | 6.70 | 5.34 | 5.88 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 20% | 14% | 18% | 15% | 22% | 25% |
Debt ratio Debt ratio = Debt / Total assets | 9% | 3% | 4% | 5% | 13% | 15% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 148% | 193% | 170% | 156% | 125% | 128% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $25,164,631 | $20,741,911 | $19,393,380 | $13,343,201 | $11,287,278 |
| Receivables, inventories, prepaids | $2,378,872 | $3,327,991 | $3,331,159 | $3,083,121 | $3,096,620 |
| Short-term investments | $22,688,523 | $17,510,274 | $11,193,334 | $13,343,255 | $16,938,820 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $50,232,026 | $41,580,176 | $33,917,873 | $29,769,577 | $31,322,718 |
| Long-term investments | $25,804,244 | $22,505,288 | $16,661,263 | $12,703,291 | $13,241,966 |
| Fixed assets | $27,181,682 | $27,429,302 | $27,450,913 | $27,603,918 | $27,939,522 |
| Other long-term assets | $11,157,161 | $10,107,686 | $8,906,205 | $13,644,078 | $9,603,327 |
| Total long-term assets | $64,143,087 | $60,042,276 | $53,018,381 | $53,951,287 | $50,784,815 |
| Total assets | $114,375,113 | $101,622,452 | $86,936,254 | $83,720,864 | $82,107,533 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $2,960,657 | $3,063,055 | $2,736,849 | $2,494,642 | $3,479,182 |
| Other current liabilities | $8,905,732 | $9,831,083 | $4,872,529 | $4,000,100 | $4,375,380 |
| Total current liabilities | $11,866,389 | $12,894,138 | $7,609,378 | $6,494,742 | $7,854,562 |
| Debt | $3,711,283 | $3,896,102 | $4,075,779 | $11,060,726 | $11,980,330 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $950,735 | $1,402,858 | $1,702,731 | $626,926 | $755,907 |
| Total long-term liabilities | $4,662,018 | $5,298,960 | $5,778,510 | $11,687,652 | $12,736,237 |
| Total liabilities | $16,528,407 | $18,193,098 | $13,387,888 | $18,182,394 | $20,590,799 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $27,194,253 | $23,837,376 | $22,264,181 | $20,266,667 | $11,240,024 |
| With donor restrictions | $70,652,453 | $59,591,978 | $51,284,185 | $45,271,803 | $50,276,710 |
| Net assets | $97,846,706 | $83,429,354 | $73,548,366 | $65,538,470 | $61,516,734 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $12,530,981 | $5,711,966 | $8,018,183 | $16,268,200 | $8,532,658 |
| Program service revenue | $45,189,116 | $43,362,177 | $40,373,073 | $38,784,404 | $41,554,753 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $3,002,522 | $1,625,115 | $2,066,389 | $1,708,222 | $2,020,628 |
| Other revenue | ($48,412) | ($82,281) | ($67,871) | $5,352,866 | $0 |
| Total other revenue | $48,143,226 | $44,905,011 | $42,371,591 | $45,845,492 | $43,575,381 |
| Total revenue | $60,674,207 | $50,616,977 | $50,389,774 | $62,113,692 | $52,108,039 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $39,493,199 | $39,302,326 | $39,363,014 | $42,474,656 | $38,149,913 |
| Management and general | $10,234,824 | $8,974,259 | $7,338,787 | $9,181,437 | $9,022,524 |
| Fundraising | $864,409 | $741,295 | $407,098 | $618,186 | $704,238 |
| Total expenses | $50,592,432 | $49,017,880 | $47,108,899 | $52,274,279 | $47,876,675 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $10,081,775 | $1,599,097 | $3,280,875 | $9,839,413 | $4,231,364 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $10,081,775 | $1,599,097 | $3,280,875 | $9,839,413 | $4,231,364 |
Compensation
| Name | Title | Compensation |
| Dr Edward Croom | President | $350,004 |
| Kenneth Buchanan | CFO/Svp Business & Finance | $236,676 |
| W Dan Sullivan | SVP Student Affairs | $175,111 |
| Kathy Best | Dean - Tillman School of Business | $170,596 |
| Elizabeth Carrere | VP, Institutional Effectiveness | $157,488 |
| Burt Lewis | VP, Academic Affairs | $140,304 |
| Twyla Wells | VP, University Advancement | $127,146 |
| Anne Hamm | Executive Assistant To President/Secretary | $49,643 |
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 8/31/2026. To update the information below, please email: [email protected]
History
https://umo.edu/timeline/