University of the Southwest

EIN: 850164940 501(c)(3) Education

Hobbs, NM

Total Revenue
$17,490,677
Total Expenses
$17,687,055
Total Assets
$16,764,341
Net Assets
$15,086,456
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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
NM
Phone
5753926561
Tax Period
2023-06-01 to 2024-05-31

University of the Southwest, founded in 1962, is a mid-sized nonprofit in the Education sector that reported $17.5M in total revenue in fiscal year 2023.

Mission

University of the Southwest is a Christ-centered educational community dedicated to developing men and women for a lifetime of servant leadership by emphasizing faith, responsibility, and initiative.

Program Service Accomplishments

Program 1
Expenses: $5,718,248 Revenue: $5,781,054

USW offers undergraduate level programs in the fields of business, education, and arts and sciences. Degrees offered include BBA, BSE, BS, and BA. To complement the undergraduate degree programs...

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USW offers undergraduate level programs in the fields of business, education, and arts and sciences. Degrees offered include BBA, BSE, BS, and BA. To complement the undergraduate degree programs, student organizations and activities include professional, academic honor, Christian ministry, civic, and cultural experiences. The University also supports intramural sports programming where students, staff, and faculty are welcome to participate. Athletic programming includes: Baseball, Softball, Mens and Womens Basketball, Mens and Womens Soccer, Volleyball, Cross Country, and Golf. As a University grounded in Christian principles, USW offers a prison seminary program for incarcerated individuals wishing to pursue an undergraduate degree meant to prepare the individual to effect positive community change through best practices in leadership, communication, ethics, and Christian studies.

Program 2
Expenses: $5,464,514 Revenue: $8,974,765

USW offers graduate level programs in the fields of business, education, and arts and sciences. Degrees offered include MBA, DBA, MSE, EdD, MS, MA, and Dmin. The USW College of Business functions as...

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USW offers graduate level programs in the fields of business, education, and arts and sciences. Degrees offered include MBA, DBA, MSE, EdD, MS, MA, and Dmin. The USW College of Business functions as an educational catalyst for positive social change by developing business leaders, entrepreneurs, and executives dedicated to applying servant leadership principles in free enterprise operations. The USW College of Education mission is to immerse candidates in authentic professional learning through a rigorous and innovative curriculum that leverages their strenghts and empowers them to be reflective professionals who are committed to equity and serving their students, families, and communities from an asset-based perspective. The USW College of Arts & Sciences is dedicated to providing the highest quality education in a wide range of academic disciplines to offer a deeper understanding of life, meaning, purpose, and knowledge while developing analytical and critical thinking skills on a path to being servant leaders in their vocations.

Program 3
Expenses: $1,596,405 Revenue: $1,289,774

Residence halls, apartments, and student meal programs are available primarily for undergraduate students.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,263,484
Program Service Revenue $16,045,593
Investment Income $39,350
Other Revenue $142,250
TOTAL REVENUE $17,490,677

Expense Breakdown

Grants Paid $4,302,775
Salaries & Benefits $6,634,598
Fundraising Expenses $139,050
Program Expenses $12,779,167
Other Expenses $6,749,682
TOTAL EXPENSES $17,687,055

Year-over-Year Comparison

2023 2022 Change
Revenue $17,490,677 $17,030,000 +0.0%
Expenses $17,687,055 $16,554,579 +0.1%
Net Income $-196,378 $475,421 -1.4%
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
18
Independent Members
17
Employees
161
Volunteers
22

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
7
$418,708
Total Directors
20
$12,650
Key Employees
1
$207,185
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Secretary 1.0
Officer Director
$0 $0 $0
N/A Interim Treasurer 1.0
Officer Director
$0 $0 $0
N/A Chair 1.0
Officer Director
$0 $0 $0
N/A Treasurer (part year) 1.0
Officer Director
$0 $0 $0
N/A Vice-Chair 1.0
Officer Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member / Adjunct Faculty Member 8.0
Director
$12,650 $0 $12,650
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member (part year) 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A President 40.0
Officer
$247,900 $12,628 $260,528
N/A EVP/CFO 40.0
Officer
$143,702 $14,478 $158,180
N/A Chief Academic Officer 40.0
Key Emp
$195,990 $11,195 $207,185
N/A Faculty 40.0
Highest
$121,073 $11,690 $132,763
N/A Assoc. Dean/Faculty 40.0
Highest
$139,862 $16,428 $156,290
N/A Faculty 40.0
Highest
$102,438 $773 $103,211
N/A Vice President 40.0
Highest
$107,171 $11,538 $118,709
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 $17,490,677 $17,687,055 $16,764,341 $-196,378
2023 $17,030,000 $16,554,579 $17,478,150 $475,421
2022 $18,560,703 $18,741,410 $18,198,087 $-180,707
2021 $17,670,200 $18,399,838 $17,944,232 $-729,638
2020 $15,346,902 $16,714,984 $19,056,918 $-1,368,082
2019 $15,330,911 $16,449,892 $18,244,516 $-1,118,981
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