Taylor University

EIN: 350868181 501(c)(3) Education

Upland, IN

Total Revenue
$158,936,145
Total Expenses
$137,074,814
Total Assets
$478,565,510
Net Assets
$435,708,849
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Financial Trends

Organization Details

Formation Year
1846
Legal Domicile
IN
Phone
7659984634
Tax Period
2024-06-01 to 2025-05-31

Taylor University, founded in 1846, is a major nonprofit in the Education sector that reported $158.9M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $137.1M left a modest 14% surplus.

Mission

The mission of Taylor University is to develop servant-leaders marked with a passion to minister Christ's redemptive love, grace, and truth to a world in need.

Program Service Accomplishments

Program 1
Expenses: $119,910,023 Revenue: $109,067,447

In order to advance our mission, Taylor University is committed to the following purposes: -Whole Person Focused: We involve students in learning experiences imbued with a vital Christian...

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In order to advance our mission, Taylor University is committed to the following purposes: -Whole Person Focused: We involve students in learning experiences imbued with a vital Christian interpretation of truth and life which foster their intellectual, emotional, physical, vocational, social, and spiritual development. -Biblically Anchored: We believe that all truth has its source in God and His Word. We are committed individually and collectively to the prayerful study and application of Scripture. -Liberal Arts Grounded: We prepare students to adapt to a fast-changing world, equipped with critical thinking skills, a lifelong love of learning, and an appreciation for God's creation. -Christ-Centered: Our Christian faith should permeate all learning-leading to a consistent life of worship, servant-leadership, stewardship, and world outreach. -Faith and Learning Integrated: We strive to create specific experiences where the integrative focus of a Christian liberal arts education is clarified, personalized, and applied. -World Engaging: We contribute to the advancement of human knowledge and understanding and serve the evangelical Christian church and the larger, public community for the glory of God. -Servant-Leader Motivated: We foster a biblical model of relationships acknowledging both unity and diversity of the followers of Christ within a covenant community, which can be evidenced in a continuing lifestyle of service to and concern for others. AT TAYLOR UNIVERSITY WE ARE ACTIVELY SEEKING STUDENTS WHO POSSESS EXCEPTIONAL ACADEMIC PREPARATION AND ARE READY TO CONTRIBUTE TO OUR ROBUST LEARNING COMMUNITY. THIS YEAR'S INCOMING FRESHMAN CLASS HAD AN AVERAGE GPA OF 3.79 AND AN ACT OF 27. AT TAYLOR UNIVERSITY WE WILL WORK HARD TO PROVIDE THE PEOPLE, THE SERVICES, THE TOOLS, AND THE ENVIRONMENT - IN GENERAL, THE RESOURCES - TO HELP STUDENTS SUCCESSFULLY PURSUE THEIR CALLING. THESE OUTSTANDING STUDENTS HELP US GET NOTICED. TAYLOR UNIVERSITY, YEAR AFTER YEAR, CONTINUES TO RECEIVE RECOGNITION AT THE HIGHEST LEVELS IN THE VARIOUS COLLEGE AND UNIVERSITY RANKINGS. TAYLOR UNIVERSITY IS RANKED #4 IN THE BEST MIDWEST REGIONAL COLLEGES IN THE U.S. NEWS & WORLD REPORT, MARKING THE 29TH CONSECUTIVE YEAR TAYLOR HAS APPEARED IN THE REGION'S TOP FIVE. U.S. NEWS & WORLD REPORT ALSO RANKED TAYLOR #7 IN BEST VALUE SCHOOLS AND #1 IN BEST UNDERGRADUATE TEACHING FOR REGIONAL COLLEGES-MIDWEST. TAYLOR WAS ALSO HIGHLY RANKED BY THE PRINCETON REVIEW AND FORBES. EACH OF THE PUBLICATIONS MEASURED CRITERIA THAT CITED THE ACADEMIC EXCELLENCE OF TAYLOR'S FACULTY AND STUDENTS (CURRENT RETENTION 94%, GRADUATION RATE 78%), THE PERCENTAGE OF STUDENTS STUDYING ABROAD, AND THE INVESTMENT MADE BY ALUMNI.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $37,281,207
Program Service Revenue $109,067,447
Investment Income $12,417,385
Other Revenue $170,106
TOTAL REVENUE $158,936,145

Expense Breakdown

Grants Paid $49,065,300
Salaries & Benefits $46,024,040
Fundraising Expenses $5,676,098
Program Expenses $119,910,023
Other Expenses $41,985,474
TOTAL EXPENSES $137,074,814

Year-over-Year Comparison

2024 2023 Change
Revenue $158,936,145 $186,719,383 -0.1%
Expenses $137,074,814 $121,997,283 +0.1%
Net Income $21,861,331 $64,722,100 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
27
Independent Members
26
Employees
1848
Volunteers
177

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$867,485
Total Directors
27
$653,232
Key Employees
3
$665,710
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chris L Goeglein Chair 6.0
Officer Director
$0 $0 $0
Dan Wolgemuth Treasurer 2.0
Officer Director
$0 $0 $0
Dr D Michael Lindsay President 60.0
Officer Director
$571,350 $81,882 $653,232
Manuel Rosado Vice Chair 2.0
Officer Director
$0 $0 $0
Nicholas Wallace Secretary 2.0
Officer Director
$0 $0 $0
Angela Angelovska-Wilson Trustee 2.0
Director
$0 $0 $0
Bob Wright Trustee 2.0
Director
$0 $0 $0
Erik Hotmire Trustee 2.0
Director
$0 $0 $0
Heather Larson Trustee 2.0
Director
$0 $0 $0
Jamie Haenggi TRUSTEE (BEGINNING MAY 2025) 2.0
Director
$0 $0 $0
Jana Murphy Trustee 2.0
Director
$0 $0 $0
Jeff Jones Trustee 2.0
Director
$0 $0 $0
Jill Anschutz Trustee 2.0
Director
$0 $0 $0
Jonathan Beukelman Trustee 2.0
Director
$0 $0 $0
Karen Thomas Trustee 2.0
Director
$0 $0 $0
Kathy Stevens Trustee 2.0
Director
$0 $0 $0
LISA FORD TRUSTEE (BEGINNING MAY 2025) 2.0
Director
$0 $0 $0
Luther Whitfield Trustee 2.0
Director
$0 $0 $0
Mark D Taylor Trustee 2.0
Director
$0 $0 $0
Mark Davis Trustee 2.0
Director
$0 $0 $0
Minda Chow Trustee 2.0
Director
$0 $0 $0
P Eric Turner Trustee 2.0
Director
$0 $0 $0
Rhonda Jeter Trustee 2.0
Director
$0 $0 $0
Sarah Flick Trustee 2.0
Director
$0 $0 $0
Shani P Wilfred Trustee 2.0
Director
$0 $0 $0
Stephen L Johnson Trustee 2.0
Director
$0 $0 $0
Tamara Shaya Hoffmann Trustee 2.0
Director
$0 $0 $0
Stephen Olson VP Business & Finance / CFO 40.0
Officer
$172,747 $41,506 $214,253
Holly Whitby VP of Enrollment & Marketing 50.0
Key Emp
$201,323 $33,115 $234,438
Jewerl Maxwell Provost 50.0
Key Emp
$188,494 $36,319 $224,813
Mike Falder VP for University Advancement 20.0
Key Emp
$167,736 $38,723 $206,459
Chris Jones VP & Chief Information Officer 50.0
Highest
$143,197 $40,120 $183,317
Coein Skip Trudeau VP of Student Services 50.0
Highest
$142,477 $34,840 $177,317
Greg Dyson VP for Spiritual Life & Intercultural Leadership 50.0
Highest
$137,109 $36,390 $173,499
Laurel Fauquher Program Dir. & Assoc. Prof. of Physician Asst Studies 50.0
Highest
$123,636 $33,546 $157,182
Will Hagen VP for Strategy and Chief of Staff (Through November 2024) 50.0
Highest
$148,471 $31,836 $180,307
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $158,936,145 $137,074,814 $478,565,510 $21,861,331
2024 $186,719,383 $121,997,283 $453,290,032 $64,722,100
2023 $130,385,822 $108,634,114 $374,926,952 $21,751,708
2022 $122,251,609 $101,876,282 $297,240,119 $20,375,327
2021 $104,046,582 $94,230,564 $280,316,410 $9,816,018
2020 $99,093,951 $98,620,025 $256,757,403 $473,926
2019 $99,662,448 $98,914,213 $255,149,841 $748,235
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