Wartburg College

Nonprofit profile at a glance

EIN
420680351
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Waverly, IA, United States
Phone
(319) 352-8264
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Undergraduate College (4-year)

Official website

Reported finances

Revenue
$77,031,267
Expenses
$73,850,834
Assets
$249,906,700
Liabilities
$80,533,368

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

39 people listed

Executive titles in this filing

  • DR REBECCA EHRETSMAN (PRESIDENT)

Highest reported compensation

  • DR REBECCA EHRETSMAN (PRESIDENT): $383,145 total reported compensation
  • DEBORA JOHNSON-ROSS (VP, ACADEMIC AFFAIRS): $180,323 total reported compensation
  • RICHARD SEGGERMAN (VP, FINANCE & ADMN (THROUGH 01/2025)): $176,851 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Wartburg College is dedicated to challenging and nurturing students for lives of leadership and service as a spirited expression of their faith and learning. Regardless of your financial standing, we are committed to making education attainable for you. As a residential college, Wartburg supports the concept of a socially, culturally, and economically diverse student body and believes this diversity better prepares students for society. The college provides financial aid to enable students from all segments of society to attend. Wartburg believes that students should be able to select a school for academic rather than financial reasons and admits students on academic and personal promise, not the ability to pay. ☰ Menu Financial Aid.

What it reported doing in 2024

Auxiliary services support and enhance student life by providing quality living and dining options as well as providing a campus store on campus and online; there were 1,193 and 1,120 students living on campus for the fall 2024 and winter 2025 terms, respectively.

Operating model

Revenue model
Earned-program. 78% 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 72% for direct work, and 28% 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. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 67
  • Accountability: 85
  • Sustainability: 60
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.3%; rating input score 75
  • Program expense ratio: 77.5%; rating input score 77
  • Fundraising efficiency: $7.16 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 28th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • 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: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 38th 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: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.1%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 3.38; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 2.4%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: 1.3% per year; rating input score 100; 12th percentile among comparable filings
  • Revenue growth: 1.6% per year; rating input score 100; 12th percentile among comparable filings
  • Asset growth: 2.4% per year; rating input score 100; 17th percentile among comparable filings

Details

  • What they do: 1 operating location identified
  • Where the money goes: 75.3% of revenue deployed · 77.5% of spending went to programs
  • Governance: 27 of 30 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $57.2M in reported program spending
  • Leadership: top reported pay $383K · 39 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.8M reported
  • Consistency: 40 of 41 current checks pass · 1 finding to review
  • Schedules: 14 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 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.
  • 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.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Operating margin scored 53/100.
  • Moderate — Sustainability: Officer compensation ratio scored 48/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.