Lubbock Christian University

The information on this page was last updated 4/25/2024. If you see errors or omissions, please email: [email protected]


Summary

LCU is a Christian organization that is passionately pursuing student success. Organizations from across the country have recognized Lubbock Christian University's efforts to offer a quality education that goes beyond the classroom, delivered from professors who have real world experience and who care about their students on a personal level.


Contact information

Mailing address:
Lubbock Christian University
5601 19th St
Lubbock, TX 79407

Website: lcu.edu

Phone: 806-796-8800

Email: [email protected]


Organization details

EIN: 750950119

CEO/President: Dr. Scott McDowell

Chairman: Terry Creech

Board size: 29

Founder: Church of Christ members

Ruling year: 1956

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Lubbock Christian University will be a leading Christian university, known for its academic excellence and its commitment to faith that seeks understanding, where wisdom is pursued, vocation is discerned, and service is fostered.


Mission statement

Lubbock Christian University is a Christ-Centered, academic community of learners, transforming the hearts, minds, and hands of students for lives of purpose and service.


Statement of faith

"Our Heritage of Faith":

Lubbock Christian University was founded in 1957 by members of the Churches of Christ who came together to establish a Christian university on the South Plains of Texas for the purpose of preparing and equipping students for lives of Christian service. The university is committed to continuing to walk with, to serve, and to be sustained by that fellowship. We welcome and embrace all of our students who come to the university from different faith backgrounds and perspectives, each of them a precious creation of God. As part of a tradition that grew out of a deep commitment to Christian unity and the renewing power of the Word, our hope and prayer is that the university will be a force for reconciliation, consistent with the best instincts of our heritage.

Donor confidence score

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Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating578 of 111276 of 130
Fund acquisition rating131 of 111318 of 130
Resource allocation rating996 of 1113113 of 130
Asset utilization rating581 of 111280 of 130

Financial ratios

Funding ratiosSector median20222021201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%4%4%7%14%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
20%26%28%17%12%20%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%1%1%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
80%74%72%83%88%80%
 
Operating ratiosSector median20222021201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%72%75%71%88%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%96%92%86%95%86%
Program output ratio Program output ratio =
Program services /
Total revenue
79%69%69%61%83%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%4%8%14%5%14%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%2%4%9%3%9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%27%24%27%10%10%
 
Investing ratiosSector median20222021201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.450.400.440.440.44
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.702.432.425.897.515.94
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.451.090.962.613.302.60
 
Liquidity ratiosSector median20222021201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.0823.3622.085.775.376.17
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.040.050.170.190.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.2210.5511.923.792.963.87
 
Solvency ratiosSector median20222021201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
25%19%19%23%25%27%
Debt ratio Debt ratio =
Debt /
Total assets
11%15%16%20%22%24%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
148%182%204%173%170%167%

Financials

Balance sheet
 
Assets20222021201920182017
Cash$9,310,303$11,514,829$3,755,003$4,107,060$6,452,565
Receivables, inventories, prepaids$3,256,511$2,831,550$5,156,862$5,204,105$5,118,712
Short-term investments$33,908,332$34,029,013$9,192,072$3,896,227$4,931,397
Other current assets$0$0$0$0$0
Total current assets$46,475,146$48,375,392$18,103,937$13,207,392$16,502,674
Long-term investments$2,125,614$2,413,766$0$0$0
Fixed assets$63,660,715$64,708,131$61,734,578$60,682,819$54,060,814
Other long-term assets$871,353$1,351,249$26,821,407$25,284,331$27,385,944
Total long-term assets$66,657,682$68,473,146$88,555,985$85,967,150$81,446,758
Total assets$113,132,828$116,848,538$106,659,922$99,174,542$97,949,432
 
Liabilities20222021201920182017
Payables and accrued expenses$1,711,927$1,857,296$2,637,620$2,458,406$2,676,148
Other current liabilities$277,778$333,333$500,000$0$0
Total current liabilities$1,989,705$2,190,629$3,137,620$2,458,406$2,676,148
Debt$17,519,195$18,505,895$21,485,954$22,294,929$23,317,163
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,429,677$1,526,797$262,234$276,940$346,383
Total long-term liabilities$18,948,872$20,032,692$21,748,188$22,571,869$23,663,546
Total liabilities$20,938,577$22,223,321$24,885,808$25,030,275$26,339,694
 
Net assets20222021201920182017
Without donor restrictions$52,704,119$55,037,303$52,916,015$48,231,646$42,151,291
With donor restrictions$39,490,132$39,587,914$28,858,099$25,912,621$29,458,447
Net assets$92,194,251$94,625,217$81,774,114$74,144,267$71,609,738
 
Revenues and expenses
 
Revenue20222021201920182017
Total contributions$13,717,101$14,391,545$9,448,088$5,717,497$10,057,307
Program service revenue$35,594,312$31,653,350$36,803,313$36,787,785$36,407,315
Membership dues$0$0$0$0$0
Investment income$1,571,799$2,812,652$8,487,419$3,597,853$3,331,755
Other revenue$1,973,774$1,672,897$218,993$30,716($168,224)
Total other revenue$39,139,885$36,138,899$45,509,725$40,416,354$39,570,846
Total revenue$52,856,986$50,530,444$54,957,813$46,133,851$49,628,153
 
Expenses20222021201920182017
Program services$36,634,631$34,648,208$33,767,572$38,298,937$37,618,362
Management and general$13,427,247$11,319,042$12,871,512$4,486,963$4,484,939
Fundraising$535,695$530,523$688,882$813,422$791,460
Total expenses$50,597,573$46,497,773$47,327,966$43,599,322$42,894,761
 
Change in net assets20222021201920182017
Surplus (deficit)$2,259,413$4,032,671$7,629,847$2,534,529$6,733,392
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,259,413$4,032,671$7,629,847$2,534,529$6,733,392

Compensation

NameTitleCompensation
Scott McDowellPresident$324,279
Stephen GomezCoach$174,778
Dr Jeffrey SmithPhysician$157,107
Foy MillsProvost$156,050
Joann LongDirector of Nursing$132,439
Todd DuncanCoach$129,285
Lisa ShacklettVice President$126,070
Matt BumsteadDean$124,850
Andy BurchamCFO$89,823
Alwin RobertsCFO$65,570

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 4/25/2024. To update the information below, please email: [email protected]


History


Program accomplishments

With more than 65 undergraduate majors, a Scholars Colloquium, and an Honors College, LCU has been recognized by U.S. News & World Report as a Top 20 Comprehensive College in the Western Region. We have a 96% placement rate for graduates of our education program, and our pre-med students gain acceptance to medical school in a typical year at 85% which far exceeds the national average. LCU is one of the "greenest" campuses in the country, and as a student here, you can help ensure it stays that way. We're innovators in energy conservation, recycling, sustainability, and waste reduction, and we voluntarily seek LEED certification from the U.S. Green Building Council for new campus construction projects.


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