Southern Nazarene University

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


Summary

Founded in 1899, Southern Nazarene University is a private, Christian, liberal arts university-a service of the Church of the Nazarene. Located on a 44-acre campus just west of Oklahoma City, SNU grew out of several small colleges committed to training people for service to God and to one another.


Contact information

Mailing address:
Southern Nazarene University
6729 NW 39th Expressway
Bethany, OK 73008

Website: snu.edu

Phone: 405-789-6400

Email: [email protected]


Organization details

EIN: 730587210

CEO/President: Dr. J Keith Newman

Chairman: Dr. Terry Roland

Board size: 0

Founder:

Ruling year: 1959

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

We are a sent people, responding to the call of Christ and empowered by the Holy Spirit to go into all the world, witnessing to the Lordship of Christ and participating with God in the building of the Church and the extension of His kingdom. Our mission begins in worship, ministers to the world in evangelism and compassion, encourages believers toward Christian maturity through discipleship and prepares women and men for Christian service through Christian higher education.


Mission statement

To make Christlike disciples through higher education in Christ-centered community.

As a Christian community of scholars, we model the hospitality of grace, the pursuit of truth, and the practice of discipleship, all within the Wesleyan-holiness tradition, as we prepare graduates who think with clarity, act with integrity, and serve with purpose.


Statement of faith

Donor confidence score

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Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating448 of 111059 of 129
Fund acquisition rating200 of 111129 of 129
Resource allocation rating873 of 111199 of 129
Asset utilization rating412 of 111053 of 129

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%6%8%13%18%18%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
20%28%21%12%8%8%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%2%2%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
80%72%79%88%92%92%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%77%75%75%74%73%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%93%93%98%98%100%
Program output ratio Program output ratio =
Program services /
Total revenue
80%72%69%74%73%73%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%7%7%2%2%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%7%7%2%2%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%21%24%23%24%25%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.570.520.530.560.54
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.693.123.003.413.744.04
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.441.781.551.832.112.17
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.237.438.566.265.464.03
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.130.120.160.180.25
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.295.826.855.524.664.16
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%42%45%52%52%52%
Debt ratio Debt ratio =
Debt /
Total assets
11%34%35%41%40%36%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
151%101%107%90%86%89%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$5,999,709$11,673,346$11,197,525$6,929,147$4,295,167
Receivables, inventories, prepaids$10,277,662$2,088,770$2,900,660$3,961,733$4,344,239
Short-term investments$22,802,896$27,282,974$20,800,535$20,404,501$19,842,128
Other current assets$0$0$0$0$0
Total current assets$39,080,267$41,045,090$34,898,720$31,295,381$28,481,534
Long-term investments$796,168$1,229,639$1,640,131$1,890,199$2,129,340
Fixed assets$81,839,593$80,660,160$82,417,822$83,374,781$84,079,126
Other long-term assets$58,983$74,361$189,777$420,426$458,605
Total long-term assets$82,694,744$81,964,160$84,247,730$85,685,406$86,667,071
Total assets$121,775,011$123,009,250$119,146,450$116,980,787$115,148,605
 
Liabilities20222021202020192018
Payables and accrued expenses$3,621,469$2,892,888$3,325,840$3,109,929$3,180,980
Other current liabilities$1,641,695$1,900,913$2,252,454$2,623,263$3,886,324
Total current liabilities$5,263,164$4,793,801$5,578,294$5,733,192$7,067,304
Debt$41,787,218$43,359,308$49,064,342$46,473,360$41,134,864
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$4,528,148$6,963,111$7,352,355$8,388,586$11,949,037
Total long-term liabilities$46,315,366$50,322,419$56,416,697$54,861,946$53,083,901
Total liabilities$51,578,530$55,116,220$61,994,991$60,595,138$60,151,205
 
Net assets20222021202020192018
Without donor restrictions$47,391,787$42,556,107$37,589,537$36,681,925$36,132,345
With donor restrictions$22,804,694$25,336,923$19,561,922$19,703,724$18,865,055
Net assets$70,196,481$67,893,030$57,151,459$56,385,649$54,997,400
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$21,033,953$14,422,815$7,635,000$5,150,807$4,693,221
Program service revenue$51,781,892$52,637,454$53,908,204$56,170,723$52,898,303
Membership dues$0$0$0$0$0
Investment income$418,210$266,457$394,336$1,775,479$1,806,419
Other revenue$1,500,993$922,910$2,849,949$4,116,936$2,664,331
Total other revenue$53,701,095$53,826,821$57,152,489$62,063,138$57,369,053
Total revenue$74,735,048$68,249,636$64,787,489$67,213,945$62,062,274
 
Expenses20222021202020192018
Program services$53,614,626$47,361,885$47,853,833$49,074,359$45,237,191
Management and general$14,862,506$15,014,296$14,908,657$15,885,821$15,753,004
Fundraising$1,215,281$1,131,656$963,852$928,241$825,949
Total expenses$69,692,413$63,507,837$63,726,342$65,888,421$61,816,144
 
Change in net assets20222021202020192018
Surplus (deficit)$5,042,635$4,741,799$1,061,147$1,325,524$246,130
Other changes in net assets$0$0$0$0$0
Total change in net assets$5,042,635$4,741,799$1,061,147$1,325,524$246,130

Compensation

NameTitleCompensation
Dr Keith NewmanUniversity President$292,700
Dr Tim EadesUnversity Provost & Chief Academic Officer$171,746
Dr Scott StrawnVP For Business & Finance$142,196
Dr Mike RedwineExecutive Vice President$116,774

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


History

Our rich history as a Christian liberal arts university dates back to 1899. Serving the mission of the Church of the Nazarene, we believe in the inherent worth of all people. We work to help every student find their unique purpose. Our 44-acre main campus is just west of Oklahoma City and grew out of several small colleges committed to training people to achieve their highest potential. More than 32,000 alumni work and serve the mission of God throughout the United States and the world.


Program accomplishments


Needs