Oklahoma Wesleyan University
Nonprofit profile at a glance
- EIN
- 736085616
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Bartlesville, OK, USA
- Phone
- 9183356200
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Undergraduate College (4-year)
- Affiliation
- Christianity
Reported finances
- Revenue
- $32,209,787
- Expenses
- $30,722,667
- Assets
- $44,722,325
- Liabilities
- $3,339,418
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
37 people listed
Executive titles in this filing
- JAMES DUNN (PRESIDENT)
Highest reported compensation
- JAMES DUNN (PRESIDENT): $224,193 total reported compensation
- THOMAS LISTER (ASSOCIATE PROVOST): $164,255 total reported compensation
- KEVIN OSBORN (SENIOR VP, ENROLLMENT MANAGEMENT): $162,721 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
As a christian university of the wesleyan church, Oklahoma wesleyan university models a way of thought, a way of life, and a way of faith. It is a place of serious study, honest questions, and critical engagement, all in the context of a liberal arts community that honors the primacy of jesus christ, the priority of scripture, the pursuit of truth, and the practice of wisdom.
What it reported doing in 2024
The university educated 788 degree seeking students in the fall semester, and 784 degree seeking students in the spring semester.
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 61% for direct work, and 39% 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 70
- Accountability: 94
- Sustainability: 56
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.6%; rating input score 87
- Program expense ratio: 86.8%; rating input score 87
- Fundraising efficiency: $28.08 raised per $1 spent on fundraising; rating input score 65; 65th 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: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- 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: Limited
Accountability
- Independent voting board: 96.7%; rating input score 97; 30th 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: 4.6%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 1.46; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 3.6%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 0.3% per year; rating input score 100; 12th percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 21st percentile among comparable filings
- Asset growth: 3.5% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: 86.6% of revenue deployed · 86.8% of spending went to programs
- Governance: 29 of 30 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $26.7M in reported program spending
- Leadership: top reported pay $224K · 37 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.6M reported
- Consistency: 37 of 37 current checks pass
- Schedules: 12 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 6 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 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.
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.
- Review — Sustainability: Operating margin scored 52/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.