Oakland City University

Nonprofit profile at a glance

EIN
350869063
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Oakland City, IN, USA
Phone
8127491243
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Undergraduate College (4-year)
Affiliation
Christianity

Official website

Reported finances

Revenue
$23,711,358
Expenses
$27,715,732
Assets
$55,770,352
Liabilities
$22,304,181

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

Leadership & pay

21 people listed

Executive titles in this filing

  • DR RON DEMPSEY (PRESIDENT)
  • REV CLINT WOOLSEY (VICE PRESIDENT)

Highest reported compensation

  • DR RON DEMPSEY (PRESIDENT): $269,097 total reported compensation
  • CATHY ROBB (DEAN OF SCHOOL OF BUSINESS): $129,979 total reported compensation
  • REV CLINT WOOLSEY (VICE PRESIDENT): $107,682 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 provide higher education in a christian based learning environment.

What it reported doing in 2023

Oakland city university is an independent, privately endowed general baptist church-affiliated university. The university provides educational opportunities in the liberal arts as well as in selected professions, offering both graduate and undergraduate degree programs.

Operating model

Revenue model
Other-operating. 90% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 47% for direct work, and 53% 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 75
  • Accountability: 87
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 72.3%; rating input score 72
  • Fundraising efficiency: $4.21 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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: 94.1%; rating input score 94; 27th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -16.9%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 2.01; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0.4; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 2.2%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: 0.1% per year; rating input score 100; 12th percentile among comparable filings
  • Revenue growth: 0.3% per year; rating input score 100; 11th percentile among comparable filings
  • Asset growth: 0.2% per year; rating input score 100; 11th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 72.3% of spending went to programs
  • Governance: 16 of 17 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $20M in reported program spending
  • Leadership: top reported pay $269K · 21 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $5.4M reported
  • Consistency: 46 of 46 current checks pass
  • Schedules: 11 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 3 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.

  • High — Financial Efficiency: Fundraising efficiency scored 18/100.
  • High — Sustainability: Operating margin scored 7/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.