BLUEFIELD UNIVERSITY

EIN: 540568200 501(c)(3) Education

BLUEFIELD, VA

Total Revenue
$28,205,758
Total Expenses
$30,451,382
Total Assets
$32,589,898
Net Assets
$14,539,472
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
VA
Principal Officer
MELANIE L SARVER
Phone
2763263682
Tax Period
2023-07-01 to 2024-06-30

BLUEFIELD UNIVERSITY, founded in 1922, is a mid-sized nonprofit in the Education sector that reported $28.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO OFFER A CHALLENGING CHRIST-CENTERED LIBERAL ARTS EXPERIENCE AND CO-CURRICULAR PROGRAMS THAT TRANSFORM STUDENTS' LIVES BY INTEGRATING LIBERAL ARTS WITH CAREER-ORIENTED STUDIES AND SERVICE TO GOD & THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $12,120,854 Revenue: $22,386,120

STUDENT INSTRUCTION AND SCHOLARSHIPS: GROUNDED IN THE LIBERAL ARTS TRADITION, BLUEFIELD UNIVERSITY IS AT THE FOREFRONT IN UNDERSTANDING THE VALUE OF SCIENCE AND TECHNOLOGY IN THE 21ST CENTURY...

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STUDENT INSTRUCTION AND SCHOLARSHIPS: GROUNDED IN THE LIBERAL ARTS TRADITION, BLUEFIELD UNIVERSITY IS AT THE FOREFRONT IN UNDERSTANDING THE VALUE OF SCIENCE AND TECHNOLOGY IN THE 21ST CENTURY. BLUEFIELD UNIVERSITY OFFERS MORE THAN 50 ACADEMIC PROGRAMS, INCLUDING OVER 30 BACHELOR'S DEGREES, OVER 10 MASTER'S DEGREES AND SEVERAL ASSOCIATES AND CERTIFICATE PROGRAMS. STUDENTS SERVED INCLUDE TRADITIONAL STUDENTS WHO ANTICIPATE NEEDING THREE TO FIVE YEARS TO COMPLETE THEIR BACHELOR'S DEGREE, THE DEGREE COMPLETION STUDENT WHO NEEDS FEWER HOURS TO COMPLETE AN UNDERGRADUATE DEGREE OR CERTIFICATE PROGRAM AND DESIRES TO COMPLETE ONLINE, AND THE INDIVIDUAL THAT IS SEEKING A MASTER'S DEGREE. THE UNIVERSITY DELIVERS COURSES ON-SITE/IN-PERSON AND ON-LINE. ACADEMIC SUPPORT IS PROVIDED THROUGH AN ACADEMIC CENTER FOR EXCELLENCE, A LIBRARY, AND ACADEMIC TECHNOLOGY SUPPORT.

Program 2
Expenses: $6,184,035

STUDENT SERVICES: THE UNIVERSITY'S STUDENT SERVICES AREAS INCLUDE THE REGISTRAR, ENROLLMENT MANAGEMENT, CREATIVE MEDIA, FINANCIAL AID, GENERAL STUDENT SUPPORT SERVICES, CAMPUS SECURITY...

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STUDENT SERVICES: THE UNIVERSITY'S STUDENT SERVICES AREAS INCLUDE THE REGISTRAR, ENROLLMENT MANAGEMENT, CREATIVE MEDIA, FINANCIAL AID, GENERAL STUDENT SUPPORT SERVICES, CAMPUS SECURITY, INTER-COLLEGIATE AND INTRAMURAL ATHLETICS, STUDENT EXTRACURRICULAR ACTIVITIES, CAMPUS MINISTRY, AND RETENTION/STUDENT SUCCESS SERVICES.

Program 3
Expenses: $3,588,672 Revenue: $3,506,544

AUXILIARY ENTERPRISES: THE UNIVERSITY'S AUXILIARY ENTERPRISES INCLUDE STUDENT HOUSING, FOOD SERVICE, THE CAMPUS STORE, AND SPECIAL PROGRAMS (E.G., SUMMER EVENTS).

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,798,763
Program Service Revenue $25,774,684
Investment Income $522,179
Other Revenue $110,132
TOTAL REVENUE $28,205,758

Expense Breakdown

Grants Paid $8,136,825
Salaries & Benefits $9,369,150
Fundraising Expenses $280,055
Program Expenses $21,893,561
Other Expenses $12,945,407
TOTAL EXPENSES $30,451,382

Year-over-Year Comparison

2023 2022 Change
Revenue $28,205,758 $25,908,052 +0.1%
Expenses $30,451,382 $27,140,729 +0.1%
Net Income $-2,245,624 $-1,232,677 +0.8%
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
21
Independent Members
19
Employees
360
Volunteers
1

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
4
$202,938
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
C TODD ASBURY BOARD TRUSTEE 1.50
Director
$0 $0 $0
DAVID BAILEY JR BOARD TRUSTEE 1.50
Director
$0 $0 $0
JACKSON E REASOR JR BOARD CHAIR 1.50
Officer Director
$0 $0 $0
CRAIG F STOUT BOARD TRUSTEE 1.50
Director
$0 $0 $0
JOHN P BECKETT JR BOARD TRUSTEE 1.50
Director
$0 $0 $0
CINDY CARTER BOARD TRUSTEE 1.50
Director
$0 $0 $0
TERRI N COLE BOARD TRUSTEE 1.50
Director
$0 $0 $0
RON HALL BOARD TRUSTEE 1.50
Director
$0 $0 $0
HEATHER HARRIS BOARD TRUSTEE 1.50
Director
$0 $0 $0
ROBERT BOB HOUCK BOARD TRUSTEE 1.50
Director
$0 $0 $0
JULIE H JOHNSON BOARD TRUSTEE 1.50
Director
$0 $0 $0
ELIZABETH KEENE BOARD TRUSTEE 1.50
Director
$0 $0 $0
DAVID KIRK BOARD TRUSTEE 1.50
Director
$0 $0 $0
DAVID T LARIMER II BOARD TRUSTEE 1.50
Director
$0 $0 $0
CHRIS LAWSON BOARD VICE CHAIR 1.50
Officer Director
$0 $0 $0
PHYLLIS MARCOM BOARD TRUSTEE 1.50
Director
$0 $0 $0
SARAH REID BOARD SECRETARY 1.50
Officer Director
$0 $0 $0
JOHN ROCOVICH JR BOARD TRUSTEE 1.50
Director
$0 $0 $0
THOMAS R SCOTT JR BOARD TRUSTEE 1.50
Director
$0 $0 $0
DIXIE TOOKE-RAWLINS BOARD TRUSTEE 1.50
Director
$0 $0 $0
MICHAEL A WADE BOARD TRUSTEE 1.50
Director
$0 $0 $0
LAMONT WOODS BOARD TRUSTEE 1.50
Director
$0 $0 $0
DAVID OLIVE PRESIDENT 50.00
Officer
$183,729 $19,209 $202,938
MARY RUTH BLANKENSHIP VP FOR FINANCE AND ADMINISTRATION 50.00
Highest
$132,389 $2,305 $134,694
ANGELA CLINE VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT 50.00
Highest
$119,514 $4,167 $123,681
KARL HATTON VP FOR ENROLLMENT MANAGEMENT 50.00
Highest
$110,310 $464 $110,774
MICHAEL SALMEIER VICE PRESIDENT FOR INTERCOLLEGIATE ATHLETICS 50.00
Highest
$114,267 $1,825 $116,092
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 $28,205,758 $30,451,382 $32,589,898 $-2,245,624
2023 $25,908,052 $27,140,729 $32,971,618 $-1,232,677
2022 $30,387,501 $28,249,711 $33,458,271 $2,137,790
2021 $29,495,774 $28,903,107 $32,438,996 $592,667
2020 $28,447,621 $27,509,026 $29,696,010 $938,595
2019 $27,349,341 $27,868,609 $29,212,834 $-519,268
2018 $24,009,096 $23,568,909 $26,461,151 $440,187
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