WAYLAND BAPTIST 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

1908

Legal Domicile

Principal Officer

BOBBY HALL

Phone

8062913445

Tax Period

2022-07-01 to 2023-06-30

WAYLAND BAPTIST UNIVERSITY, founded in 1908, is a mid-sized nonprofit in the Education sector that reported $58.5M in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $151.7M represent 31 months of operating reserves.

Mission

WAYLAND BAPTIST UNIVERSITY EXISTS TO EDUCATE STUDENTS IN AN ACADEMICALLY CHALLENGING, LEARNING-FOCUSED AND DISTINCTIVELY CHRISTIAN ENVIRONMENT FOR PROFESSIONAL SUCCESS AND SERVICE TO GOD AND HUMANKIND.

Program Service Accomplishments

Program 1

Expenses: $52,490,569 Revenue: $39,096,378

AN ACCREDITED UNIVERSITY, PROVIDING ACADEMIC PROGRAMS AND STUDENT SERVICES ACROSS EIGHT SCHOOLS, NINE EXTERNAL CAMPUSES, AND THROUGH WBU ONLINE. INTERCOLLEGIATE ATHLETICS AND RESIDENTIAL SERVICES ARE...

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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 (2022)

Revenue Breakdown

Contributions & Grants $11,433,736

Program Service Revenue $38,694,017

Investment Income $2,545,312

Other Revenue $5,781,801

TOTAL REVENUE $58,454,866

Expense Breakdown

Grants Paid $10,268,038

Salaries & Benefits $26,972,345

Fundraising Expenses $1,079,378

Program Expenses $52,490,569

Other Expenses $24,545,604

TOTAL EXPENSES $61,785,987

Year-over-Year Comparison

	2022	2021	Change
Revenue	$58,454,866	$73,776,936	-0.2%
Expenses	$61,785,987	$70,085,880	-0.1%
Net Income	$-3,331,121	$3,691,056	-1.9%

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

1053

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

$1,229,693

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JACOB WEST	TRUSTEE	1.00	Director	$0	$0	$0
MAJ GEN MICHAEL FORTNEY	TRUSTEE/SECRETARY	1.00	Officer Director	$0	$0	$0
MR AARON BORDDEN	TRUSTEE	1.00	Director	$0	$0	$0
MR ALTON BELEW	TRUSTEE	1.00	Director	$0	$0	$0
MR BEN W MIETH	TRUSTEE	1.00	Director	$0	$0	$0
MR DAVID FOOTE	TRUSTEE	1.00	Director	$0	$0	$0
MR DAVID WOOD	TRUSTEE	1.00	Director	$0	$0	$0
MR JASON BLACKLOCK	TRUSTEE	1.00	Director	$0	$0	$0
MR JASON THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
MR JIMMY THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
MR JOE BERRY	TRUSTEE	1.00	Director	$0	$0	$0
MR JOE MCFERRIN	TRUSTEE	1.00	Director	$0	$0	$0
MR KEITH SKAAR	TRUSTEE	1.00	Director	$0	$0	$0
MR MARC MCDOUGAL	TRUSTEE	1.00	Director	$0	$0	$0
MR MARK A JONES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MR MARTIN L MURDOCK III	TRUSTEE	1.00	Director	$0	$0	$0
MR MONTY BIGGS	TRUSTEE	1.00	Director	$0	$0	$0
MR RANDY KAUFMAN	TRUSTEE	1.00	Director	$0	$0	$0
MR RICK BREEDEN	TRUSTEE / CHAIR	1.00	Officer Director	$0	$0	$0
MR RODNEY WALLACE	TRUSTEE	1.00	Director	$0	$0	$0
MR RON HARKEY	TRUSTEE / SECRETARY	1.00	Officer Director	$0	$0	$0
MR ROSS OWEN	TRUSTEE	1.00	Director	$0	$0	$0
MR SHERMAN ATEN	TRUSTEE	1.00	Director	$0	$0	$0
MR TIM HARDAGE	TRUSTEE	1.00	Director	$0	$0	$0
MR TONY RICKETTS	TRUSTEE	1.00	Director	$0	$0	$0
MR TYLER TOPPER	TRUSTEE	1.00	Director	$0	$0	$0
MRS BETH PRATT	TRUSTEE	1.00	Director	$0	$0	$0
MRS CAROLE HARBISON	TRUSTEE	1.00	Director	$0	$0	$0
MRS FRANCES BARRERA	TRUSTEE	1.00	Director	$0	$0	$0
MRS MARTHA ANN HAMMOND	TRUSTEE	1.00	Director	$0	$0	$0
MRS SALLY EAVES	TRUSTEE	1.00	Director	$0	$0	$0
MRS SALLY WALKER	TRUSTEE	1.00	Director	$0	$0	$0
MRS SHARON WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
MS JOLENE JULIAN	TRUSTEE	1.00	Director	$0	$0	$0
REV KYLE STREUN	TRUSTEE	1.00	Director	$0	$0	$0
REV RICHARD MILLER	TRUSTEE	1.00	Director	$0	$0	$0
BOBBY HALL	UNIVERSITY PRESIDENT	40.00	Officer	$373,790	$31,808	$405,598
CINDY MCCLENAGAN	VP OF ACADEMIC AFFAIRS	40.00	Officer	$100,688	$31,402	$132,090
CLAUDE LUSK	SR VP OF OP & STUDENT LIFE	40.00	Officer	$131,284	$33,323	$164,607
DANIEL BROWN	VP OF ENROLLMENT MGMT	40.00	Officer	$94,713	$30,434	$125,147
DAVID BISHOP	VP OF EXTERNAL CAMPUSES	40.00	Officer	$105,801	$26,160	$131,961
LEZLIE HUKILL	CFO	40.00	Officer	$110,594	$14,253	$124,847
MR MIKE HAMMACK	VP OF INSTITUTIONAL ADV	40.00	Officer	$135,280	$10,163	$145,443

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	No data	No data	No data	No data
2023	$58,454,866	$61,785,987	$197,963,202	$-3,331,121
2022	$73,776,936	$70,085,880	$174,544,622	$3,691,056
2021	$76,328,072	$68,691,370	$171,784,780	$7,636,702
2020	$63,028,629	$64,908,986	$158,651,317	$-1,880,357
2019	$67,867,417	$66,773,096	$166,081,943	$1,094,321
2018	$65,442,337	$64,943,942	$166,002,234	$498,395