Evangel University

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

Phone

4178652815

Tax Period

2024-05-01 to 2025-04-30

Evangel University, founded in 1955, is a mid-sized nonprofit in the Education sector that reported $81.1M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $71.3M left a modest 12% surplus.

Mission

EVANGEL IS A COMPREHENSIVE CHRISTIAN UNIVERSITY THAT IS COMMITTED TO EXCELLENCE IN EDUCATING AND EQUIPPING STUDENTS TO BECOME SPIRIT EMPOWERED SERVANTS OF GOD WHO WILL IMPACT THE CHURCH AND SOCIETY GLOBALLY.

Program Service Accomplishments

Program 1

Expenses: $58,507,753 Revenue: $55,899,768

THERE WERE 437 UNDERGRADUATES, 434 GRADUATES, AND 172 DOCTORAL STUDENTS ENROLLED IN THE SUMMER 2024 SEMESTER; 1,843 UNDERGRADUATES, 570 GRADUATES, AND 208 DOCTORAL STUDENTS IN THE FALL 2024 SEMESTER; 1,751 UNDERGRADUATES, 522 GRADUATES, AND 194 DOCTORAL STUDENTS IN THE SPRING 2025 SEMESTER. A TOTAL OF 556 GRADUATED IN THE 2024-25 SCHOOL YEAR.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $24,241,630

Program Service Revenue $55,899,768

Investment Income $813,285

Other Revenue $185,981

TOTAL REVENUE $81,140,664

Expense Breakdown

Grants Paid $23,673,697

Salaries & Benefits $25,827,097

Fundraising Expenses $1,628,924

Program Expenses $58,507,753

Other Expenses $21,434,939

TOTAL EXPENSES $71,260,139

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,140,664	$69,972,206	+0.2%
Expenses	$71,260,139	$67,943,225	+0.0%
Net Income	$9,880,525	$2,028,981	+3.9%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1308

Volunteers

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

$601,590

Total Directors

$365,757

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTY POPPEN	SECRETARY	5.0	Officer Director	$0	$0	$0
DAWN DAUER	TREASURER	5.0	Officer Director	$0	$0	$0
DR MICHAEL RAKES	PRESIDENT	50.0	Officer Director	$217,012	$148,745	$365,757
DR NICK GARZA	VICE CHAIRMAN	5.0	Officer Director	$0	$0	$0
JOSHUA L BARTLOTTI	CHAIRMAN	5.0	Officer Director	$0	$0	$0
DARYL FLOOD	BOARD MEMBER	5.0	Director	$0	$0	$0
DAVID PEEBLES	BOARD MEMBER	5.0	Director	$0	$0	$0
DR AARON COLE	BOARD MEMBER	5.0	Director	$0	$0	$0
Dr ALINA LEHNERT	BOARD MEMBER	5.0	Director	$0	$0	$0
DR DARRYL WOOTTON	BOARD MEMBER END 08/24	5.0	Director	$0	$0	$0
DR DAVID SPENCER	BOARD MEMBER	5.0	Director	$0	$0	$0
DR RAY SCHMIDGALL	EMERITI BOARD MEMBER	0.0	Director	$0	$0	$0
DR ROD THILL	BOARD MEMBER	5.0	Director	$0	$0	$0
MARK ESPINOZA	BOARD MEMBER	5.0	Director	$0	$0	$0
REV DAVID LINDELL	BOARD MEMBER	5.0	Director	$0	$0	$0
REV DONNA BARRETT	BOARD MEMBER	5.0	Director	$0	$0	$0
REV DOUGLAS E CLAY	BOARD MEMBER	5.0	Director	$0	$0	$0
REV ROD LOY	BOARD MEMBER	5.0	Director	$0	$0	$0
LINDA ALLEN	VP OF BUSINESS & FINANCE/CFO	50.0	Officer	$212,701	$23,132	$235,833
CHRISTOPHERR BELCHER	EXECUTIVE VP/CHIEF OF STAFF	50.0	Highest	$127,891	$34,580	$162,471
DESTINY DEAS	VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT	50.0	Highest	$250,508	$9,997	$260,505
DR JONATHAN SPENCE	VP/CHIEF ACADEMIC OFFICER	50.0	Highest	$151,700	$26,568	$178,268
DR MICHAEL KOLSTAD	EXECUTIVE VP/CHIEF OF STAFF	50.0	Highest	$175,383	$37,730	$213,113
WADE MUMM	VICE PRESIDENT AGTS	50.0	Highest	$120,439	$17,799	$138,238

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	$81,140,664	$71,260,139	$117,210,751	$9,880,525
2024	$69,972,206	$67,943,225	$107,967,415	$2,028,981
2023	$75,187,571	$63,793,083	$103,737,329	$11,394,488
2022	$68,026,521	$61,246,712	$85,500,586	$6,779,809
2021	$67,122,253	$56,657,793	$82,477,086	$10,464,460
2020	$57,997,112	$57,201,830	$76,607,683	$795,282
2019	$53,235,040	$55,074,775	$69,198,548	$-1,839,735
2018	$52,772,510	$54,126,979	$70,982,415	$-1,354,469