Methodist University Inc
Nonprofit profile at a glance
- EIN
- 560657294
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Fayetteville, NC, USA
- Phone
- 9106307000
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
- Affiliation
- Christianity
Reported finances
- Revenue
- $91,298,028
- Expenses
- $82,464,398
- Assets
- $151,459,933
- Liabilities
- $27,639,322
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
38 people listed
Executive titles in this filing
- STANLEY WEARDEN (PRESIDENT)
Highest reported compensation
- STANLEY WEARDEN (PRESIDENT): $389,021 total reported compensation
- SUZANNE B MALLEY (PROVOST): $263,363 total reported compensation
- RICHARD G SWANSON (VP INST ADVANCEMENT): $228,100 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of methodist university is to provide an undergraduate and graduate education firmly grounded in the liberal arts tradition, that nurtures moral values & ethical decision-making; to provide distinctive professional & graduate programs that complement the educational pursuits.
What it reported doing in 2024
Post secondary education: methodist university provides both undergraduate and graduate education, founded in liberal arts, to approximately 1,800 students. The university's programs are concentrated in arts & humanities, science & human development, business & graduate studies, and boast nationally renowned programs such as the physician assistance program. The university is a fully-accredited member of the southern association of colleges & schools commission on colleges.
Operating model
- Revenue model
- Other-operating. 86% 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. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 77
- Accountability: 98
- Sustainability: 64
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82%; rating input score 82
- Program expense ratio: 88.5%; rating input score 89
- Fundraising efficiency: $11.51 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th 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: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 95.7%; rating input score 96; 49th 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: 9.7%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 1.84; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 71; 71st percentile among comparable filings
- Officer compensation ratio: 3.4%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: -0.1% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 1.9% per year; rating input score 100; 13th percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 25th percentile among comparable filings
Details
- Where the money goes: 82% of revenue deployed · 88.5% of spending went to programs
- Governance: 22 of 23 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $73M in reported program spending
- Leadership: top reported pay $389K · 38 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.8M reported
- Consistency: 49 of 49 current checks pass
- Schedules: 14 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 15 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
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 — Transparency & Controls: Foreign activity oversight scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 45/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.