Hannibal LaGrange University

Nonprofit profile at a glance

EIN
431007642
IRS 990 coverage
2009–2023
Forms available
Form 990 2023
Location
Hannibal, MO, USA
Phone
5732213675
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
Undergraduate College (4-year)

Official website

Reported finances

Revenue
$14,293,030
Expenses
$14,709,936
Assets
$24,778,563
Liabilities
$9,530,122

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

35 people listed

Executive titles in this filing

  • Dr Robert Matz (President)

Highest reported compensation

  • Dr Robert Matz (President): $143,287 total reported compensation
  • Tad Wingo (VP Enrollment Mgmt and Mktg): $97,141 total reported compensation
  • Julie Albee (VP Academic Administration): $77,626 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To transform lives and communities through relevant education anchored in a Biblical worldview.

What it reported doing in 2023

At Hannibal-LaGrange University, students have access to a comprehensive range of services designed to enrich their educational experience. These services include career planning and placement, counseling, financial aid, a diverse range of athletic programs for both men and women, intramural and club sports programs, and an array of student activities. The university also offers theater programs, concerts, and a variety of campus ministry programs, including ministry teams, international missions, and service experience opportunities. These services align with HLGU's mission statement, which emphasizes the university's commitment to positively impacting lives and communities through relevant education that is anchored in a Biblical worldview.

Operating model

Revenue model
Other-operating. 77% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 62% for direct work, and 38% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 97
  • Accountability: 98
  • Sustainability: 40
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.9%; rating input score 94
  • Program expense ratio: 91.3%; rating input score 91
  • Fundraising efficiency: $18.2 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.7%; rating input score 95; 24th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95.7%; rating input score 96; 29th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.9%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 1.68; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 2.6%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: -2.3% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -2.1% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 0.5% per year; rating input score 100; 12th percentile among comparable filings

Details

  • Where the money goes: 93.9% of revenue deployed · 91.3% of spending went to programs
  • Governance: 22 of 23 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $13.4M in reported program spending
  • Leadership: top reported pay $143K · 35 people listed
  • Highest-paid contractors: 1 contractor listed · $906K reported
  • Consistency: 41 of 42 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2009 to 2023
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 55/100.
  • High — Sustainability: Operating margin scored 23/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.