Midwest University
Nonprofit profile at a glance
- EIN
- 431658069
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Wentzville, MO, USA
- Phone
- 6363274645
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Graduate, Professional Schools (Separate Entities)
- Affiliation
- Christianity
Reported finances
- Revenue
- $2,705,518
- Expenses
- $2,171,178
- Assets
- $3,813,443
- Liabilities
- $286,120
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- DR JAMES SONG (UNIVERSITY PRESIDENT)
Highest reported compensation
- DR JAMES SONG (UNIVERSITY PRESIDENT): $89,900 total reported compensation
- INCHEOL JANG (DIRECTOR OF FINANCE): $61,329 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Christian institution of higher learning dedicated to the exploration, discernment, sustentation, and dissemination of god's truth. Midwest is committed to excellence in education encouraging students to comprehensively consider god's word and work to evaluate personal vocational ministries, and to assume christian global responsibilities.
What it reported doing in 2024
Midwest university offers bachelor, master, and doctor degrees in theology, business administration, music, aviation management, counseling, education and leadership.
Operating model
- Revenue model
- Earned-program. 91% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 40
- Transparency & Controls: 92
- Accountability: 75
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39.9%; rating input score 40
- Program expense ratio: 51.8%; rating input score 52
- Fundraising efficiency: $1.62 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.9%; rating input score 89; 20th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 19.8%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 1.76; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 7%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 5% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 17.4% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 39.9% of revenue deployed · 51.8% of spending went to programs
- Governance: 8 of 9 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $90K · 10 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
- Review — Financial Efficiency: Program expense ratio scored 52/100.
- High — Financial Efficiency: Fundraising efficiency scored 4/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.