Toccoa Falls College 
The information on this page was last updated 1/10/2023. If you see errors or omissions, please email: [email protected]
Summary
Welcome to Toccoa Falls College! Our school is a private, nonprofit, Christian liberal arts institution located in the foothills of beautiful northeast Georgia. Established in 1907 by founder R. A. Forrest, our school's mission is to cultivate a uniquely Christian learning community that integrates the pursuit of truth with godly character to produce graduates prepared both personally and professionally for service. The college works with many evangelical, Christian groups and is an affiliate college of the Christian and Missionary Alliance denomination.
An important part of developing leaders is to provide the best in academic curriculum to prepare students for the future. Toccoa Falls College has been accredited by the Southern Association of Colleges and Schools since 1983. A variety of undergraduate degree programs and certificate programs are offered through the College's four schools; the School of Arts & Sciences, the School of Christian Ministries, the School of Professional Studies and our new Fetterman School of Nursing which opened Fall 2017. Our total enrollment figure is just over 1,700, including undergraduate and graduate students both residential and online. Our small 15:1 ratio facilitates an open door policy and excellent one-on-one advising from faculty to student.
Our beautiful campus sits on 1,100-acres in the rural foothills of the Blue Ridge Mountains, where students and visitors to the campus can enjoy views of mountain scenery while participating in the many outdoor activities the area provides; such as rock-climbing, whitewater rafting, hiking, camping and more. TFC is also home to the historic Toccoa Falls waterfall. At 186 feet, the waterfall is taller than Niagara Falls and the tallest free-falling waterfall east of the Mississippi River.
Contact information
Mailing address:
Toccoa Falls College
107 Kincaid Drive
Toccoa Falls, GA 30598
Website: tfc.edu
Phone: 706-886-7299
Email: [email protected]
Organization details
EIN: 580685908
CEO/President: Robert M. Myers
Chairman: John Allen
Board size: 19
Founder: R.A. Forrest
Ruling year: 1943
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1987
Purpose
Toccoa Falls College will be known as a premier Christian college that uniquely integrates biblical truth, academic excellence, and intentional spiritual formation within a caring Christian community.
Toccoa Falls College is an educational institution, a character-building enterprise, and a spiritual formation community, all integrated into a unique way of life. Our primary purpose is to glorify God through offering residential programs that prepare men and women for lives of personal fulfillment and Christian servant leadership to the church and the world. We also seek to glorify God through offering non-residential Christ-centered programs to the community at large.
Mission statement
The mission of Toccoa Falls College is to cultivate a uniquely Christian learning community that integrates the pursuit of truth with godly character to produce graduates prepared both personally and professionally for service.
Statement of faith
Toccoa Falls College shall teach and defend the historic and basic doctrines of evangelical Christianity such as:
The verbal inspiration of the Holy Scriptures as originally given;
The existence and manifestation of one God in three persons, Father, Son and Holy Spirit;
The incarnation and virgin birth of the Son of God;
The redemption of man by the vicarious death of Christ on the cross;
The bodily resurrection from the grave;
The fact that all men have sinned and consequently must be regenerated by the working of God's grace;
Justification by faith;
The sanctifying work of the Holy Spirit in the believer, producing holiness of life and power for service;
Practical faith in the sufficiency of Christ for spiritual, temporal and physical needs;
The purifying hope of the Lord's imminent return; and
The urgency of preaching the gospel to all mankind, that men may be saved from eternal judgment.
The said college, even though non-sectarian, is to be conducted according to the faith and teaching of the Christian and Missionary Alliance.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 448 of 1091 | 59 of 130 |
| Fund acquisition rating | | 735 of 1094 | 99 of 130 |
| Resource allocation rating | | 368 of 1094 | 40 of 130 |
| Asset utilization rating | | 378 of 1091 | 48 of 130 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 14% | 11% | 34% | 38% | 38% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 2% | 2% | 2% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 23% | 13% | 15% | 4% | 4% | 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 | 77% | 87% | 85% | 96% | 96% | 95% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 87% | 88% | 88% | 88% | 88% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 89% | 86% | 92% | 96% | 92% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 77% | 76% | 82% | 85% | 81% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | 11% | 14% | 8% | 4% | 8% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 9% | 12% | 8% | 5% | 9% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 11% | 10% | 10% | 10% | 10% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.52 | 0.62 | 0.65 | 0.74 | 0.83 | 0.76 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.66 | 1.84 | 1.96 | 2.59 | 2.51 | 2.62 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.41 | 1.13 | 1.28 | 1.91 | 2.08 | 1.99 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.48 | 10.58 | 12.39 | 8.99 | 7.49 | 9.95 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.09 | 0.08 | 0.11 | 0.13 | 0.10 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.22 | 9.58 | 8.63 | 5.58 | 4.99 | 5.44 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 25% | 15% | 16% | 26% | 25% | 25% |
Debt ratio Debt ratio = Debt / Total assets | 13% | 8% | 11% | 20% | 17% | 19% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 151% | 138% | 129% | 100% | 91% | 99% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $13,763,655 | $10,726,943 | $8,311,806 | $8,011,663 | $6,279,067 |
| Receivables, inventories, prepaids | $819,563 | $903,189 | $816,256 | $811,673 | $1,391,393 |
| Short-term investments | $4,564,215 | $5,315,871 | $3,425,774 | $2,782,997 | $3,231,536 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $19,147,433 | $16,946,003 | $12,553,836 | $11,606,333 | $10,901,996 |
| Long-term investments | $52,095 | $151,756 | $2,904,326 | $792,950 | $225,581 |
| Fixed assets | $15,779,280 | $16,088,290 | $16,812,448 | $16,531,557 | $17,143,983 |
| Other long-term assets | $175,330 | $111,323 | $201,114 | $243,089 | $282,520 |
| Total long-term assets | $16,006,705 | $16,351,369 | $19,917,888 | $17,567,596 | $17,652,084 |
| Total assets | $35,154,138 | $33,297,372 | $32,471,724 | $29,173,929 | $28,554,080 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $1,001,757 | $917,835 | $758,739 | $898,832 | $297,057 |
| Other current liabilities | $808,613 | $449,440 | $636,940 | $650,000 | $798,970 |
| Total current liabilities | $1,810,370 | $1,367,275 | $1,395,679 | $1,548,832 | $1,096,027 |
| Debt | $2,894,444 | $3,645,379 | $6,378,402 | $5,042,526 | $5,507,350 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $459,568 | $354,346 | $732,963 | $575,879 | $524,171 |
| Total long-term liabilities | $3,354,012 | $3,999,725 | $7,111,365 | $5,618,405 | $6,031,521 |
| Total liabilities | $5,164,382 | $5,367,000 | $8,507,044 | $7,167,237 | $7,127,548 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $22,841,246 | $21,072,879 | $18,292,328 | $16,506,833 | $16,002,214 |
| With donor restrictions | $7,148,510 | $6,857,493 | $5,672,352 | $5,499,859 | $5,424,318 |
| Net assets | $29,989,756 | $27,930,372 | $23,964,680 | $22,006,692 | $21,426,532 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $3,228,371 | $3,715,914 | $1,146,081 | $1,020,043 | $1,077,469 |
| Program service revenue | $20,932,370 | $21,178,277 | $24,183,536 | $23,534,707 | $21,864,607 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $135,291 | ($101,085) | $286,056 | $124,726 | $231,534 |
| Other revenue | $136,639 | $255,215 | $366,802 | $553,189 | $405,945 |
| Total other revenue | $21,204,300 | $21,332,407 | $24,836,394 | $24,212,622 | $22,502,086 |
| Total revenue | $24,432,671 | $25,048,321 | $25,982,475 | $25,232,665 | $23,579,555 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $18,799,444 | $19,111,210 | $21,184,999 | $21,354,787 | $19,100,209 |
| Management and general | $2,463,689 | $2,123,060 | $2,398,227 | $2,432,901 | $2,136,916 |
| Fundraising | $459,831 | $419,823 | $392,509 | $386,862 | $410,567 |
| Total expenses | $21,722,964 | $21,654,093 | $23,975,735 | $24,174,550 | $21,647,692 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $2,709,707 | $3,394,228 | $2,006,740 | $1,058,115 | $1,931,863 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $2,709,707 | $3,394,228 | $2,006,740 | $1,058,115 | $1,931,863 |
Compensation
| Name | Title | Compensation |
| Robert Myers | President | $295,719 |
| Dee Mooney | VP for Finance | $157,923 |
| Kieran Clements | VP of Academic Affairs | $135,093 |
| John Allen | Chairman | $21,819 |
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 1/10/2023. To update the information below, please email: [email protected]
History
A FAITHFUL BEGINNING
In 1907 a man dared to dream. One man believed that following the vision God had put in his heart was the most important work his life could accomplish. That same man, despite overwhelming obstacles, established an academic institution that was devoted to preparing God's people to fulfill their calling.
Toccoa Falls College is that institution and a dream come true for co-founders Richard and Evelyn Forrest. Dr. Richard A. Forrest went on to become the college's first president.
Under the direction of Dr. Forrest, the school kept pace with the advancement of educational standards in the United States. In 1928, the State of Georgia fully accredited the Toccoa Falls High School, establishing a cooperative relationship with the county educational system that continued until the academy closed in 1976.
In 1937, a four-year Bible college program was initiated by adding to the biblical and theological studies several courses in the field of general education. The Legislature of the State of Georgia chartered the college division in 1939 and authorized the institute to grant the degree of Bachelor of Arts in Biblical Education. In 1957, the college was accredited by the Accrediting Association of Bible Colleges and on December 13, 1983, by the Commission on Colleges of the Southern Association of Colleges and Schools. In October 1975, to keep abreast of the current usage of terms, the Board of Trustees changed the name from Toccoa Falls Institute to Toccoa Falls College.
During the history of the institution, there have been seven presidents: Dr. Richard A. Forrest, Founder; Dr. Julian A. Bandy; Dr. Kenn W. Opperman; Dr. Paul L. Alford; Dr. Donald O. Young; Dr. W. Wayne Gardner, and current President, Dr. Robert M. Myers.
A PROMISE FOR THE FUTURE
Dr. Forrest often referred to the school as a "tree of God's planting." The tree has expanded and has borne much fruit. It was also severely tested on several occasions. In 1913, Haddock Inn, the original building, burned to the ground. But the Forrest's vowed to continue having received God's promise to them in Isaiah 61:3; "to bestow on them a crown of beauty instead of ashes, the oil of gladness instead of mourning, and a garment of praise instead of a spirit of despair. They will be called oaks of righteousness, a planting of the LORD for the display of his splendor."
Toccoa Falls College, an independent, nonprofit educational institution, trains men and women for vocational and professional Christian ministries and works with many evangelical and Bible-believing Christian groups. The college is an affiliate college of the Christian and Missionary Alliance denomination. Graduates serve in places of Christian leadership throughout the United States and most nations of the world. The college functions under a Board of Trustees that sets policy and an administration and faculty that implements it.
TFC is focused on students who are dedicated to Christ and aspire toward academic excellence in preparing to invest their lives either in full-time Christian ministry or ministry through their secular employment. TFC currently has 35 majors and 43 minors in four schools: Professional Studies, Arts and Sciences, Christian Ministries and Fetterman School of Nursing.
Program accomplishments
100% receive financial aid
16:1 student to faculty ratio
1,780+ students