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
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 | | 638 of 1118 | 87 of 127 |
| Fund acquisition rating | | 103 of 1119 | 22 of 127 |
| Resource allocation rating | | 1029 of 1119 | 113 of 127 |
| Asset utilization rating | | 666 of 1118 | 89 of 127 |
According to the organization's Form 990, it received $263,746 in government grants in 2023.
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 13% | 4% | 4% | 4% | 7% | 14% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 1% | 1% | 1% | 1% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 16% | 23% | 26% | 28% | 17% | 12% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 1% | 1% | 1% | 1% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 84% | 77% | 74% | 72% | 83% | 88% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 70% | 72% | 75% | 71% | 88% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 92% | 96% | 92% | 86% | 95% |
Program output ratio Program output ratio = Program services / Total revenue | 82% | 65% | 69% | 69% | 61% | 83% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 8% | 4% | 8% | 14% | 5% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 1% | 4% | 2% | 4% | 9% | 3% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 29% | 27% | 24% | 27% | 10% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.39 | 0.45 | 0.40 | 0.44 | 0.44 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.64 | 2.40 | 2.43 | 2.42 | 5.89 | 7.51 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.44 | 0.92 | 1.09 | 0.96 | 2.61 | 3.30 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 7.92 | 16.24 | 23.36 | 22.08 | 5.77 | 5.37 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.13 | 0.06 | 0.04 | 0.05 | 0.17 | 0.19 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.38 | 12.19 | 10.55 | 11.92 | 3.79 | 2.96 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 24% | 22% | 19% | 19% | 23% | 25% |
Debt ratio Debt ratio = Debt / Total assets | 11% | 19% | 15% | 16% | 20% | 22% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 151% | 201% | 182% | 204% | 173% | 170% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2019 | 2018 |
| Cash | $8,563,094 | $9,310,303 | $11,514,829 | $3,755,003 | $4,107,060 |
| Receivables, inventories, prepaids | $4,386,236 | $3,256,511 | $2,831,550 | $5,156,862 | $5,204,105 |
| Short-term investments | $40,393,570 | $33,908,332 | $34,029,013 | $9,192,072 | $3,896,227 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $53,342,900 | $46,475,146 | $48,375,392 | $18,103,937 | $13,207,392 |
| Long-term investments | $2,125,614 | $2,125,614 | $2,413,766 | $0 | $0 |
| Fixed assets | $72,123,488 | $63,660,715 | $64,708,131 | $61,734,578 | $60,682,819 |
| Other long-term assets | $361,666 | $871,353 | $1,351,249 | $26,821,407 | $25,284,331 |
| Total long-term assets | $74,610,768 | $66,657,682 | $68,473,146 | $88,555,985 | $85,967,150 |
| Total assets | $127,953,668 | $113,132,828 | $116,848,538 | $106,659,922 | $99,174,542 |
| Liabilities | 2023 | 2022 | 2021 | 2019 | 2018 |
| Payables and accrued expenses | $3,062,464 | $1,711,927 | $1,857,296 | $2,637,620 | $2,458,406 |
| Other current liabilities | $222,222 | $277,778 | $333,333 | $500,000 | $0 |
| Total current liabilities | $3,284,686 | $1,989,705 | $2,190,629 | $3,137,620 | $2,458,406 |
| Debt | $23,993,485 | $17,519,195 | $18,505,895 | $21,485,954 | $22,294,929 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1,441,174 | $1,429,677 | $1,526,797 | $262,234 | $276,940 |
| Total long-term liabilities | $25,434,659 | $18,948,872 | $20,032,692 | $21,748,188 | $22,571,869 |
| Total liabilities | $28,719,345 | $20,938,577 | $22,223,321 | $24,885,808 | $25,030,275 |
| Net assets | 2023 | 2022 | 2021 | 2019 | 2018 |
| Without donor restrictions | $47,943,433 | $52,704,119 | $55,037,303 | $52,916,015 | $48,231,646 |
| With donor restrictions | $51,290,890 | $39,490,132 | $39,587,914 | $28,858,099 | $25,912,621 |
| Net assets | $99,234,323 | $92,194,251 | $94,625,217 | $81,774,114 | $74,144,267 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2019 | 2018 |
| Total contributions | $12,098,456 | $13,717,101 | $14,391,545 | $9,448,088 | $5,717,497 |
| Program service revenue | $37,978,518 | $35,594,312 | $31,653,350 | $36,803,313 | $36,787,785 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $1,023,217 | $1,571,799 | $2,812,652 | $8,487,419 | $3,597,853 |
| Other revenue | $2,189,587 | $1,973,774 | $1,672,897 | $218,993 | $30,716 |
| Total other revenue | $41,191,322 | $39,139,885 | $36,138,899 | $45,509,725 | $40,416,354 |
| Total revenue | $53,289,778 | $52,856,986 | $50,530,444 | $54,957,813 | $46,133,851 |
| Expenses | 2023 | 2022 | 2021 | 2019 | 2018 |
| Program services | $34,482,958 | $36,634,631 | $34,648,208 | $33,767,572 | $38,298,937 |
| Management and general | $14,288,992 | $13,427,247 | $11,319,042 | $12,871,512 | $4,486,963 |
| Fundraising | $499,302 | $535,695 | $530,523 | $688,882 | $813,422 |
| Total expenses | $49,271,252 | $50,597,573 | $46,497,773 | $47,327,966 | $43,599,322 |
| Change in net assets | 2023 | 2022 | 2021 | 2019 | 2018 |
| Surplus (deficit) | $4,018,526 | $2,259,413 | $4,032,671 | $7,629,847 | $2,534,529 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $4,018,526 | $2,259,413 | $4,032,671 | $7,629,847 | $2,534,529 |
Compensation
| Name | Title | Compensation |
| Scott McDowell | President | $331,970 |
| Stephen Gomez | Coach | $180,373 |
| Andy Burcham | VP Finance | $153,948 |
| Foy Mills | Provost | $153,370 |
| Lisa Shacklett | Vice President | $129,044 |
| Joann Long | Professor | $126,912 |
| Sondra Harrison | Professor | $123,715 |
| Dr Jeffrey Smith | Physician | $120,908 |
Compensation data as of: 6/30/2023
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.