MIDAMERICA NAZARENE UNIVERSITY

EIN: 480730814 501(c)(3) Education

OLATHE, KS

Total Revenue
$65,901,490
Total Expenses
$55,402,525
Total Assets
$66,168,295
Net Assets
$41,232,697
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
KS
Principal Officer
DR JON NORTH
Phone
9139713600
Tax Period
2024-07-01 to 2025-06-30

MIDAMERICA NAZARENE UNIVERSITY, founded in 1966, is a mid-sized nonprofit in the Education sector that reported $65.9M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.5M, a strong 16% operating margin.

Mission

A UNIVERSITY EDUCATING STUDENTS FOR CAREER AND SERVICE PREPARATION WITHIN A CHRISTIAN CONTEXT.

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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 $19,095,339
Program Service Revenue $46,203,648
Investment Income $35,142
Other Revenue $567,361
TOTAL REVENUE $65,901,490

Expense Breakdown

Grants Paid $18,153,331
Salaries & Benefits $20,989,950
Fundraising Expenses $1,364,663
Program Expenses $50,807,248
Other Expenses $16,259,244
TOTAL EXPENSES $55,402,525

Year-over-Year Comparison

2024 2023 Change
Revenue $65,901,490 $52,058,910 +0.3%
Expenses $55,402,525 $53,357,212 +0.0%
Net Income $10,498,965 $-1,298,302 -9.1%
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

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Governance

Voting Members
37
Independent Members
32
Employees
849
Volunteers
306

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
10
$883,477
Total Directors
37
$205,763
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR DAVID J SPITTAL PRESIDENT 40.00
Officer Director
$205,117 $646 $205,763
DR DANIEL REXROTH CHAIRMAN 1.00
Officer Director
$0 $0 $0
REV STEVEN HOFFMAN VICE CHAIR/TRUSTEE 1.00
Officer Director
$0 $0 $0
MR CHAD COOK SECRETARY/TRUSTEE 1.00
Officer Director
$0 $0 $0
MR ERVIN CASH TREASURER/TRUSTEE 1.00
Officer Director
$0 $0 $0
DR CLARK ARMSTRONG TRUSTEE 1.00
Director
$0 $0 $0
DR WENDY BELCHER TRUSTEE 1.00
Director
$0 $0 $0
REV JAY E BESSMER TRUSTEE 1.00
Director
$0 $0 $0
MR TIM J BUCHANAN TRUSTEE 1.00
Director
$0 $0 $0
MR ALAN AL D CARLSON TRUSTEE 1.00
Director
$0 $0 $0
REV TIM W CARTER TRUSTEE 1.00
Director
$0 $0 $0
REV MARCOS CISNEROS TRUSTEE 1.00
Director
$0 $0 $0
DR MERRILL R CONANT TRUSTEE 1.00
Director
$0 $0 $0
MR JOHN DAHL TRUSTEE 1.00
Director
$0 $0 $0
DR DEANNA EDWARDS TRUSTEE 1.00
Director
$0 $0 $0
DR LEETTA FELTER TRUSTEE 1.00
Director
$0 $0 $0
MRS MARGARET PEGGY HEPHER TRUSTEE - LAY 1.00
Director
$0 $0 $0
REV JASON HILL TRUSTEE 1.00
Director
$0 $0 $0
DR LARRY MCINTIRE TRUSTEE 1.00
Director
$0 $0 $0
REV DARREN MELTON TRUSTEE 1.00
Director
$0 $0 $0
MRS CRYSTAL PAGE TRUSTEE 1.00
Director
$0 $0 $0
REV PHIL RHOADES TRUSTEE 1.00
Director
$0 $0 $0
DR BRANSON C ROBERTS JR TRUSTEE 1.00
Director
$0 $0 $0
REV KYLE ROGERS TRUSTEE 1.00
Director
$0 $0 $0
MRS BRENNA SELDEN TRUSTEE 1.00
Director
$0 $0 $0
MR ANDREW L SPEICHER TRUSTEE 1.00
Director
$0 $0 $0
MR PHILIP D SPEICHER TRUSTEE 1.00
Director
$0 $0 $0
REV SOKURT SUOS TRUSTEE 1.00
Director
$0 $0 $0
REV FREDERICK B TOOMEY JR TRUSTEE 1.00
Director
$0 $0 $0
DR GEORGE R WILLIAMS TRUSTEE 1.00
Director
$0 $0 $0
DR N JEANNIE WILLIAMS AT-LARGE/TRUSTEE 1.00
Director
$0 $0 $0
KYLE POOLE TRUSTEE 1.00
Director
$0 $0 $0
MIKE PALMER TRUSTEE 1.00
Director
$0 $0 $0
KEVIN DONOHO TRUSTEE 1.00
Director
$0 $0 $0
KENDALL FRANKLIN TRUSTEE 1.00
Director
$0 $0 $0
BRENT BARKMAN TRUSTEE 1.00
Director
$0 $0 $0
REV DUSTIN LEDFORD TRUSTEE 1.00
Director
$0 $0 $0
DR JON NORTH VP OF ADVANCEMENT 40.00
Officer
$145,206 $30,799 $176,005
MR DARREL ANDERSON VP FOR FINANCE/CFO 40.00
Officer
$142,139 $15,951 $158,090
ABBY M HODGES VP ACADEMIC AFFAIRS 40.00
Officer
$127,108 $9,763 $136,871
MRS LISA HOOD VP STRATEGIC EXPANSION 40.00
Officer
$91,521 $13,133 $104,654
MR DANIEL RINCONES VP FOR STUDENT DEVELOPMENT 40.00
Officer
$89,862 $12,232 $102,094
DR TODD FRYE PROF. OF COUNSELOR ED, ASSOC. DEAN 40.00
Highest
$102,160 $67,017 $169,177
DR MARTIN CROSSLAND ASSOC. VP INSTRUCTIONAL TECHNOLOGY 40.00
Highest
$105,742 $24,949 $130,691
DR SUSAN LARSON PROFESSOR OF NURSING 40.00
Highest
$122,097 $4,462 $126,559
DR YORTON CLARK PROF. OF BUS. & MKTG, ASSOC. DEAN 40.00
Highest
$105,181 $11,050 $116,231
DR ADDISON LUCCHI PROF. OF ENGLISH 40.00
Highest
$108,135 $6,656 $114,791
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 $65,901,490 $55,402,525 $66,168,295 $10,498,965
2024 $52,058,910 $53,357,212 $56,649,044 $-1,298,302
2023 $48,266,898 $51,935,038 $56,725,893 $-3,668,140
2022 $63,656,687 $49,951,860 $55,334,319 $13,704,827
2021 $50,974,796 $46,586,638 $39,258,196 $4,388,158
2020 $47,854,292 $45,776,854 $35,055,385 $2,077,438
2019 $45,941,459 $47,410,182 $36,813,326 $-1,468,723
2018 $46,773,497 $48,048,192 $37,247,985 $-1,274,695
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