INDIANA WESLEYAN UNIVERSITY

EIN: 350885591 501(c)(3) Education

MARION, IN

Total Revenue
$226,049,056
Total Expenses
$213,017,671
Total Assets
$614,595,507
Net Assets
$555,290,087
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1920
Legal Domicile
IN
Phone
7656772947
Tax Period
2023-07-01 to 2024-06-30

INDIANA WESLEYAN UNIVERSITY, founded in 1920, is a major nonprofit in the Education sector that reported $226.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $213.0M left a modest 6% surplus.

Mission

INDIANA WESLEYAN UNIVERSITY IS A CHRIST-CENTERED ACADEMIC COMMUNITY COMMITTED TO CHANGING THE WORLD BY DEVELOPING STUDENTS IN CHARACTER, SCHOLARSHIP, AND LEADERSHIP

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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 (2023)

Revenue Breakdown

Contributions & Grants $15,552,084
Program Service Revenue $197,491,436
Investment Income $12,303,726
Other Revenue $701,810
TOTAL REVENUE $226,049,056

Expense Breakdown

Grants Paid $34,180,022
Salaries & Benefits $92,872,071
Fundraising Expenses $2,490,580
Program Expenses $190,169,830
Other Expenses $85,965,578
TOTAL EXPENSES $213,017,671

Year-over-Year Comparison

2023 2022 Change
Revenue $226,049,056 $197,828,333 +0.1%
Expenses $213,017,671 $200,454,828 +0.1%
Net Income $13,031,385 $-2,626,495 -6.0%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
26
Independent Members
20
Employees
3673
Volunteers
374

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
3
$709,190
Total Directors
28
$399,187
Key Employees
1
$171,350
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A University President 39.0
Officer Director
$327,158 $66,034 $393,192
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee-Began March 2024 1.0
Director
$0 $0 $0
N/A Trustee (END 04/24) 1.0
Director
$5,995 $0 $5,995
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee (END 07/23) 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee-Began Nov 2023 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Executive VP & CFO (END 11/24) 39.0
Officer
$184,725 $18,126 $202,851
N/A Interim CFO (BEGAN 11/24) 40.0
Officer
$102,090 $11,057 $113,147
N/A Chancellor of National and Global 39.0
Key Emp
$165,304 $6,046 $171,350
N/A Professor 40.0
Highest
$114,069 $35,418 $149,487
N/A EX. DIRECTOR PARTNERSHIP DEV. & OPS. 39.0
Highest
$156,738 $13,808 $170,546
N/A Lead Coordinator of International Studies 40.0
Highest
$143,093 $3,926 $147,019
N/A Professor/Director of Aviation/Dept Chair 40.0
Highest
$129,247 $10,363 $139,610
N/A Chief Marketing Officer 40.0
Highest
$140,418 $32,435 $172,853
N/A Executive Vice President, Seminary 40.0
$73,649 $36,330 $109,979
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 No data No data No data No data
2024 $226,049,056 $213,017,671 $614,595,507 $13,031,385
2023 $197,828,333 $200,454,828 $572,069,015 $-2,626,495
2022 $212,201,058 $213,678,137 $535,078,455 $-1,477,079
2021 $211,253,299 $205,931,732 $576,888,484 $5,321,567
2020 $208,118,995 $207,113,282 $509,326,465 $1,005,713
2019 $219,854,843 $211,866,407 $521,839,306 $7,988,436
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