LeTourneau 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

1946

Legal Domicile

Phone

9032334110

Tax Period

2024-07-01 to 2025-06-30

LeTourneau University, founded in 1946, is a major nonprofit in the Education sector that reported $123.9M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $40.1M, a strong 32% operating margin.

Mission

LETOURNEAU UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF CHRISTIAN HIGHER EDUCATION WHERE EDUCATORS ENGAGE LEARNERS TO NURTURE CHRISTIAN VIRTUE, TO DEVELOP COMPETENCY AND INGENUITY IN THEIR PROFESSIONAL FIELDS, TO INTEGRATE FAITH AND WORK, AND TO SERVE THE LOCAL AND GLOBAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $57,452,959 Revenue: $56,008,719

LeTourneau University's primary program service is the delivery of oncampus undergraduate education at its Longview, Texas campus. The University offers degree programs in engineering, technology...

LeTourneau University's primary program service is the delivery of oncampus undergraduate education at its Longview, Texas campus. The University offers degree programs in engineering, technology, liberal arts, nursing, business, aeronautical science, education, and the sciences. LeTourneau University is consistently ranked by U.S. News & World Report in the top tier among regional universities in the West. During the year ended June 30, 2025, the University served approximately 1,650 students through classroom instruction, labs, academic advising, and student support services, fulfilling its exempt educational mission.

Program 2

Expenses: $11,636,428 Revenue: $9,759,440

The University provides auxiliary services that support and enhance the oncampus student experience, including residential housing, meal plans, dining services, and related student support...

The University provides auxiliary services that support and enhance the oncampus student experience, including residential housing, meal plans, dining services, and related student support activities. These services contribute to student retention, campus life, and a comprehensive learning environment.

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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 $52,715,646

Program Service Revenue $65,768,159

Investment Income $1,607,407

Other Revenue $3,787,587

TOTAL REVENUE $123,878,799

Expense Breakdown

Grants Paid $21,186,621

Salaries & Benefits $33,515,672

Fundraising Expenses $2,873,046

Program Expenses $69,089,387

Other Expenses $29,102,030

TOTAL EXPENSES $83,804,323

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,878,799	$103,959,093	+0.2%
Expenses	$83,804,323	$78,140,010	+0.1%
Net Income	$40,074,476	$25,819,083	+0.6%

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

1387

Volunteers

250

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

$570,430

Total Directors

$423,066

Key Employees

$361,559

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Schreder	Treasurer - Trustee	3.0	Officer Director	$0	$0	$0
Patrick Bertsche	Vice Chair - Trustee	3.0	Officer Director	$0	$0	$0
Roger Kieffer	Chair - Trustee	3.0	Officer Director	$0	$0	$0
Steven D Mason	President	59.0	Officer Director	$389,402	$33,664	$423,066
Tom Burt	Secretary - Trustee	3.0	Officer Director	$0	$0	$0
Alan Cumming	Trustee START: 11/24	3.0	Director	$0	$0	$0
Bob Walker	Trustee	3.0	Director	$0	$0	$0
Curt Fitchett	Trustee	3.0	Director	$0	$0	$0
Cy Oatridge	Trustee	3.0	Director	$0	$0	$0
Dan DiFrancesco	Trustee	3.0	Director	$0	$0	$0
David Canche	Trustee START: 11/24	3.0	Director	$0	$0	$0
Doug Douglas	Trustee	3.0	Director	$0	$0	$0
Eugene Frost	Trustee	3.0	Director	$0	$0	$0
Henry Parrish	Trustee START: 11/24	3.0	Director	$0	$0	$0
Howard Wilson	Trustee START: 11/24	3.0	Director	$0	$0	$0
James Nolt	Trustee	3.0	Director	$0	$0	$0
Jason Muehlhoff	Trustee	3.0	Director	$0	$0	$0
John Solheim	Trustee	3.0	Director	$0	$0	$0
Julia Reed	Trustee	3.0	Director	$0	$0	$0
Ladina Wingert	Alumni Rep - Trustee	3.0	Director	$0	$0	$0
Larry Mercer	Trustee	3.0	Director	$0	$0	$0
Michael Moss	Trustee	3.0	Director	$0	$0	$0
Michele Charles	Trustee	3.0	Director	$0	$0	$0
Nikita Mumphrey	Trustee	3.0	Director	$0	$0	$0
Rogers Pope	Trustee	3.0	Director	$0	$0	$0
Titus Crabb	Trustee START: 11/24	3.0	Director	$0	$0	$0
Wayne Steege	Trustee	3.0	Director	$0	$0	$0
Lori Beaty	VP of Finance and Admin/CFO	60.0	Officer	$140,588	$6,776	$147,364
Benjamin W Caldwell	Provost	60.0	Key Emp	$178,467	$18,834	$197,301
Donald K Egle	VP of Enrollment, Markteting, & Communication	60.0	Key Emp	$155,926	$8,332	$164,258
Dale A Lunsford	Former Chancellor, Advisor Ended: 12/25	60.0	Highest	$418,531	$77,584	$496,115
Kristina Elmore	AVP for Development	60.0	Highest	$125,412	$46,000	$171,412
Kristy J Morgan	VP of Student Affairs	60.0	Highest	$120,238	$6,528	$126,766
Michael J McGinnis	Dean of Engineering & Technology	60.0	Highest	$166,173	$10,578	$176,751
Terry A Zeitlow	VP of Devopment	60.0	Highest	$145,195	$10,947	$156,142

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	$123,878,799	$83,804,323	$158,161,808	$40,074,476
2024	$103,959,093	$78,140,010	$152,992,879	$25,819,083
2023	$79,233,946	$73,721,920	$130,732,216	$5,512,026
2022	$77,785,624	$73,467,383	$126,085,853	$4,318,241
2021	$72,692,302	$68,569,955	$126,204,892	$4,122,347
2020	$66,156,893	$69,469,169	$118,292,663	$-3,312,276
2019	$65,666,009	$70,237,666	$122,880,917	$-4,571,657
2018	$66,811,629	$68,192,489	$130,093,829	$-1,380,860