SOUTHERN WESLEYAN 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

1909

Legal Domicile

Principal Officer

DR WILLIAM D BARKER

Phone

8646445024

Tax Period

2024-07-01 to 2025-06-30

SOUTHERN WESLEYAN UNIVERSITY, founded in 1909, is a mid-sized nonprofit in the Education sector that reported $31.1M in total revenue in fiscal year 2024.

Mission

Program Service Accomplishments

Program 1

Expenses: $26,668,222 Revenue: $24,120,003

SOUTHERN WESLEYAN UNIVERSITY IS A CHRIST-CENTERED, STUDENT-FOCUSED LEARNING COMMUNITY DEVOTED TO TRANSFORMING LIVES BY CHALLENGING STUDENTS TO BE DEDICATED SCHOLARS AND SERVANT LEADERS WHO IMPACT THE WORLD FOR CHRIST. SOUTHERN WESLEYAN UNIVERSITY SEEKS TO MEET THE EDUCATIONAL NEEDS OF DIVERSE STUDENT POPULATIONS THROUGH BOTH TRADITIONAL AND INNOVATIVE APPROACHES. FOR THOSE STUDENTS WHO SEEK AN EXCELLENT RESIDENTIAL CAMPUS EXPERIENCE IN THE CONTEXT OF A STRONG CHRISTIAN ENVIRONMENT, THE UNIVERSITY PROVIDES ON-CAMPUS PROGRAMS AT ITS FACILITY IN CENTRAL, SOUTH CAROLINA. THERE THE RICH TRADITIONS OF ACADEMIA ARE COUPLED WITH RESIDENCE HALL COMMUNITIES, SPORTS, CHAPEL AND ARTISTIC PERFORMANCES. SWU'S ON-CAMPUS PROGRAM OFFERS A WIDE VARIETY OF UNDERGRADUATE MAJORS IN AREAS SUCH AS BUSINESS, RECREATION, TEACHER EDUCATION, MUSIC, ENGLISH, COMMUNICATION, RELIGION & MINISTRY, BIOLOGY, CHEMISTRY, MATH, COMPUTER SCIENCE, FORENSICS, PRE-MEDICINE, HISTORY, PSYCHOLOGY, SOCIAL SCIENCE AND HUMAN SERVICES. SOUTHERN WESLEYAN UNIVERSITY OFFERS ONLINE PROGRAMS IN AN INNOVATIVE FRAMEWORK THAT PROVIDE OPPORTUNITIES TO CONVENIENTLY COMPLETE UNDERGRADUATE, GRADUATE AND POSTGRADUATE PROGRAMS. SWU ONLINE CONTINUES YEAR-ROUND, AND STUDENTS ENTER THE PROGRAM AT SEVERAL TIMES DURING THE YEAR. UNDERGRADUATE PROGRAMS OFFERED THROUGH SWU ONLINE INCLUDE AN ASSOCIATE DEGREE IN GENERAL STUDIES. ALSO OFFERED ARE BACHELOR OF SCIENCE PROGRAMS IN BUSINESS ADMINISTRATION, HUMAN SERVICES, NURSING, AND EARLY CHILDHOOD AND FAMILY STUDIES. SOUTHERN WESLEYAN UNIVERSITY ALSO OFFERS ONLINE GRADUATE AND POSTGRADUATE PROGRAMS INCLUDING THE MASTER OF BUSINESS ADMINISTRATION (MBA), THE MASTER OF SCIENCE IN MANAGEMENT (MSM), THE MASTER OF EDUCATION IN CLASSROOM LEADERSHIP (MEDCL), THE MASTER OF EDUCATION IN ADMINISTRATION AND SUPERVISION (MEDAS), THE MASTER OF EDUCATION IN E-LEARNING AND INSTRUCTIONAL DESIGN, THE DOCTOR OF EDUCATION IN CURRICULUM AND ASSESSMENT (EDD), AND THE DOCTOR OF BUSINESS ADMINISTRATION.

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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 $6,108,641

Program Service Revenue $24,215,698

Investment Income $367,219

Other Revenue $429,156

TOTAL REVENUE $31,120,714

Expense Breakdown

Grants Paid $8,668,270

Salaries & Benefits $11,805,618

Fundraising Expenses $964,170

Program Expenses $26,668,222

Other Expenses $12,258,461

TOTAL EXPENSES $32,732,349

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,120,714	$29,516,377	+0.1%
Expenses	$32,732,349	$31,003,268	+0.1%
Net Income	$-1,611,635	$-1,486,891	+0.1%

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

Governance

Voting Members

Independent Members

Employees

456

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

$499,192

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV J MIKE HILSON	CHAIR (PART YEAR)/DIRECTOR	1.00	Officer Director	$0	$0	$0
REV TIMOTHY JONES	DIRECTOR (PART YEAR)/VICE CHAIR	1.00	Officer Director	$0	$0	$0
MRS MARSHA FLINCHUM	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$0	$0
DR WAYNE SCHMIDT	GENERAL SUPERINTENDENT	1.00	Officer Director	$0	$0	$0
REV JERRY L LUMSTON	VICE CHAIR (PART YEAR)/CHAIR	1.00	Officer Director	$0	$0	$0
MR JAMES BROSS JR	DIRECTOR	1.00	Director	$0	$0	$0
REV WAYMOND L BURTON III	DIRECTOR	1.00	Director	$0	$0	$0
MR ANDREW CALDWELL	DIRECTOR	1.00	Director	$0	$0	$0
REV KEILA GUDINO	DIRECTOR	1.00	Director	$0	$0	$0
DR R DALE HALE	DIRECTOR	1.00	Director	$0	$0	$0
DR CHARLES HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBERT HAYNES	DIRECTOR	1.00	Director	$0	$0	$0
MR JAMES A JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
MR J FRED JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MRS SHERRY KEYE	DIRECTOR	1.00	Director	$0	$0	$0
MR ADAM KISSEL	DIRECTOR	1.00	Director	$0	$0	$0
DR VERNA J LOWE	DIRECTOR	1.00	Director	$0	$0	$0
MR ADAM MACLEOD	DIRECTOR	1.00	Director	$0	$0	$0
MR JAMES MEDDERS	DIRECTOR	1.00	Director	$0	$0	$0
REV SCOTT MOORE	DIRECTOR	1.00	Director	$0	$0	$0
DR KEVIN MYERS	DIRECTOR	1.00	Director	$0	$0	$0
DR JOHN OTT	DIRECTOR	1.00	Director	$0	$0	$0
DR ELAINE PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
REV GREG REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
MRS BETTY SUE RICKMAN	DIRECTOR	1.00	Director	$0	$0	$0
REV FRANKIE J RODRIQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
REV JOHANNA RUGH	DIRECTOR	1.00	Director	$0	$0	$0
DR KATHLEEN RUTH	DIRECTOR	1.00	Director	$0	$0	$0
REV AARON P SHERMAN	DIRECTOR	1.00	Director	$0	$0	$0
MR KEITH W SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MR D KENNETH WHITENER	DIRECTOR	1.00	Director	$0	$0	$0
REV TIM FOX	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
MR ROGER HOUSE	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
REV TIMOTHY KIRKPATRICK	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
REV PATRICK J STYERS	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
DR WILLIAM D BARKER	PRESIDENT	37.50	Officer	$202,332	$37,021	$239,353
DR DAVID SAYERS	CHIEF FINANCIAL OFFICER (PART YEAR)	37.50	Officer	$162,933	$0	$162,933
DEVON BROOME	TREASURER	37.50	Officer	$68,273	$28,633	$96,906
MARTHA MCMINN	CHIEF FINANCIAL OFFICER	37.50	Officer	$0	$0	$0
ROBERT MCFARLAND	PROVOST & VPAA	40.00	Highest	$141,840	$27,299	$169,139
ANDREW BECKWITH	CHIEF OF STAFF	40.00	Highest	$146,302	$19,806	$166,108
TODD COCKRELL	DIRECTOR OF INSTITUTIONAL RESEARCH	40.00	Highest	$104,330	$23,893	$128,223

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	$31,120,714	$32,732,349	$44,857,898	$-1,611,635
2024	$29,516,377	$31,003,268	$45,718,041	$-1,486,891
2023	$29,832,627	$28,981,278	$46,991,887	$851,349
2022	$38,099,449	$31,553,513	$46,468,008	$6,545,936
2021	$34,040,688	$32,599,593	$41,257,690	$1,441,095