Montreat College

What it reported doing in 2024

The college provides a broad, rigorous liberal arts curriculum with an emphasis on traditional and selected undergraduate and graduate professional degree programs, including degree programs for adult learners and programs at geographically distant locations. Ourstatements of mission, vision and faith have formed the following educational objectives at montreat college.1.that students will develop an informed, biblical world view including the following:- the sovereignty of god over all creation and knowledge;- a lifestyle of christian service to others and the community;- the recognition of the intrinsic worth of self and all persons;- a genuine critical openness to the ideas and beliefs of others;- the formation of values and ethical reasoning;- an appreciation for what is beautiful, true and good in the arts and literature;-a respect for and attitude of stewardship toward the whole of creation;- an understanding of the past and its interconnectedness with the present and future.2. That students will demonstrate effective written and oral communication skills.3. That students will demonstrate critical thinking and problem-solving skills.4. That students will demonstrate essential computer information systems skills.5. That students will demonstrate competency in their academic majors.6. That students will develop interpersonal and team skills and an understanding and appreciation of their personal strengths and weaknesses.7. That students will become reflective and responsible citizens, effective leaders, and committed laity.

Financial Efficiency

• Mission deployment rate: 86.2%; rating input score 86
• Program expense ratio: 86.7%; rating input score 87
• Fundraising efficiency: $7.98 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • 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; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 66th 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%; rating input score 23; 23rd percentile among comparable filings
• Total-asset coverage ratio: 1.72; rating input score 56; 56th percentile among comparable filings
• Liabilities to assets ratio: 0.14; rating input score 67; 67th percentile among comparable filings
• Officer compensation ratio: 3.3%; rating input score 66; 66th percentile among comparable filings

Growth

• Program expense growth: 7.4% per year; rating input score 100; 58th percentile among comparable filings
• Revenue growth: 7.2% per year; rating input score 100; 60th percentile among comparable filings
• Asset growth: 9.3% per year; rating input score 100; 61st percentile among comparable filings