Malone University

Nonprofit profile at a glance

EIN
340737794
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Canton, OH, USA
Phone
3304718100
Rating
79
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Undergraduate College (4-year)
Affiliation
Christianity

Official website

Reported finances

Revenue
$45,379,391
Expenses
$45,177,149
Assets
$68,671,490
Liabilities
$19,510,187

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

36 people listed

Executive titles in this filing

  • GREG MILLER (PRESIDENT)

Highest reported compensation

  • GREG MILLER (PRESIDENT): $297,871 total reported compensation
  • KATIE ROBBINS (VP FINANCE & BUSINESS AFFAIRS): $194,699 total reported compensation
  • ERIC YOUNG (VP ENROLLMENT & MARKETING): $135,299 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Malone University, a Christian university for the arts, sciences, and professions, provides students with an education grounded in the liberal arts and rooted in the Christian faith.

What it reported doing in 2024

Traditional undergraduate - malone's christian liberal arts approach is widely recognized today as producing exceptional graduates prepared for all aspects of life. Our intent is that students attain the wisdom, knowledge, and skills necessary to serve, engage, and transform the communities in which they live and work. Undergraduate educational goals are: (1) understand and critically engage those bodies of knowledge and cultural influences that have shaped the world; (2) understand the biblical, historical, and theological foundations of the christian faith; (3) think critically and creatively and communicate effectively in multiple contexts; (4) attain expertise in at least one profession or academic discipline and lay the foundation for meaningful work or further studies at the graduate level; and (5) explore the implication of the christian faith for all areas of living, including intellectual, spiritual, and community pursuits. The university is comprised of four divisions and one center: the center for intercultural studies. Offering 50 undergraduate majors, 43 minors, and 11 pre-professional programs. Fall 2024 traditional undergraduate fte enrollment was 800.4, with a student to faculty ratio of 13.5 to 1. Resident headcount was 449 and commuter headcount was 556.

Operating model

Revenue model
Other-operating. 84% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 53% for direct work, and 47% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 46
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87%; rating input score 87
  • Program expense ratio: 84.6%; rating input score 85
  • Fundraising efficiency: $5.62 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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: 87.1%; rating input score 87; 19th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.4%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 1.52; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 2.2%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: -1.6% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -2.1% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -0.9% per year; rating input score 0; 8th percentile among comparable filings

Details

  • What they do: 2 operating locations identified
  • Where the money goes: 87% of revenue deployed · 84.6% of spending went to programs
  • Governance: 27 of 31 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $38.2M in reported program spending
  • Leadership: top reported pay $298K · 36 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.5M reported
  • Consistency: 44 of 44 current checks pass
  • Schedules: 11 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Financial Efficiency: Fundraising efficiency scored 23/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 35/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.