Audio Scripture Ministries

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 6/22/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Audio Scripture Ministries ("ASM") strives for the furtherance of the Gospel of Jesus Christ throughout the world via production and distribution of communications media. ASM is committed to seeing that all translated New Testaments available in print form are also recorded and made available in audio form. ASM believe that there remains a foundational, essential, unfinished task in world mission today. They believe that that task is to provide the translated Scriptures in audio form for all who cannot read and for ministries among ethnic peoples in multi-lingual settings. ASM began in 1967 as Portable Recording Ministries and changed its name to Audio Scripture Ministries in 1996, and is not affiliated in any way with Audio Scriptures International.


Contact information

Mailing address:
Audio Scripture Ministries
760 S Waverly Rd
Holland, MI 49423-9423

Website: audioscripture.org

Phone: (616) 396-5291

Email: info@audioscripture.org


Organization details

EIN: 236296186

CEO/President: Jamison Worst

Chairman: Jamison Worst

Board size: 9

Founder: Dr. Ronald Beery

Year founded: 1967

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: Yes

Member of ECFA since: 2001


Purpose

Our commitment to the Great Commission directs us to serve others as we:

- Partner with churches, ministries, and individuals to create and distribute audio Scripture and Bible engagement resources to communicate the Good News of Jesus. - Facilitate production of audio recordings of the Bible in each language needed by people groups around the world. - Distribute, either directly or through other ministries, suitably formatted Scripture recordings among both non-Christians and Christians, whether living in their homelands or elsewhere. - Encourage and assist in the development of projects for audio Scripture recording and distribution through local leaders and other ministries.


Mission statement

Audio Scripture Ministries provides the Bible in audio so everyone will have the opportunity to hear God's Word in their own heart language.


Statement of faith

Audio Scripture Ministries uses the following as their Statement of Faith:

We believe:

  • In one God, in three persons: Father, Son, and Holy Spirit.
  • That all humanity has sinned and thus is separated from God.
  • The Bible to be God's only written and imperative message to man: verbally inspired by God, and without error in the original writings.
  • In Jesus Christ, who though God Himself, entered into human flesh: conceived by the Holy Spirit, born of the virgin Mary.
  • That Jesus Christ, the only Mediator between God and man, died for our sins, the sinless for the sinful.
  • That Christ arose bodily from the dead, conquering the power of death.
  • That all who place their faith in Him are accounted to be upright before God and are born into His Spiritual family by His act of grace and mercy.
  • That Christ ascended into heaven where He is our High Priest, and speaks in our defense before God.
  • That The Holy Spirit lives in each believer and desires to enable each one to live a life of victory over sin and of service to Christ. That good works are the fruit resulting from, but not counting toward spiritual rebirth and salvation, and are indicative of true repentance and faith.
  • In the personal return of Jesus Christ at any moment.
  • In the bodily resurrection of believers to eternal life in God's presence and unbelievers to everlasting punishment and separation from God.
  • In the command of God through Christ to every Christian that His Gospel must be made known to every living person by every effective means possible.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism Support

CategoryRatingOverall rankSector rank
Overall efficiency rating789 of 91340 of 51
Fund acquisition rating829 of 91543 of 51
Resource allocation rating712 of 91539 of 51
Asset utilization rating472 of 91323 of 51

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%11%9%5%5%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%11%8%5%5%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%94%94%95%96%92%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%9%7%5%6%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%6%6%5%4%8%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%79%83%86%83%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%115%123%109%87%89%
Program output ratio Program output ratio =
Program services /
Total revenue
78%91%102%93%72%75%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%-15%-23%-9%13%11%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%-18%-21%-8%10%10%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%12%10%10%12%10%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.211.331.110.970.650.77
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.281.521.341.281.241.28
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.982.021.491.240.810.99
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
19.9924.20147.71213.92121.88127.89
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.040.040.010.000.010.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.685.688.019.6214.6812.05
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
5%3%1%0%1%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
78%73%90%103%152%129%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$487,167$278,149$525,022$646,980$450,122
Receivables, inventories, prepaids$20,456$20,255$37,319$30,381$27,335
Short-term investments$100,088$499,250$447,356$449,741$499,532
Other current assets$0$0$0$0$0
Total current assets$607,711$797,654$1,009,697$1,127,102$976,989
Long-term investments$0$0$0$0$0
Fixed assets$318,691$271,549$282,566$268,972$278,105
Other long-term assets$0$0$0$0$0
Total long-term assets$318,691$271,549$282,566$268,972$278,105
Total assets$926,402$1,069,203$1,292,263$1,396,074$1,255,094
 
Liabilities20192018201720162015
Payables and accrued expenses$23,461$3,404$754$4,837$3,126
Other current liabilities$1,650$1,996$3,966$4,411$4,513
Total current liabilities$25,111$5,400$4,720$9,248$7,639
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$25,111$5,400$4,720$9,248$7,639
 
Net assets20192018201720162015
Without donor restrictions$582,441$705,626$887,492$982,389$902,487
With donor restrictions$318,850$358,177$400,051$404,437$344,968
Net assets$901,291$1,063,803$1,287,543$1,386,826$1,247,455
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$1,002,016$904,071$1,094,418$1,006,858$1,004,435
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$15,204$7,753$6,712$3,825$3,074
Other revenue$50,595$51,056$53,222$42,211$82,736
Total other revenue$65,799$58,809$59,934$46,036$85,810
Total revenue$1,067,815$962,880$1,154,352$1,052,894$1,090,245
 
Expenses20192018201720162015
Program services$966,805$985,299$1,073,829$754,264$822,724
Management and general$151,144$123,892$123,266$106,071$93,734
Fundraising$112,378$77,429$56,540$53,188$48,990
Total expenses$1,230,327$1,186,620$1,253,635$913,523$965,448
 
Change in net assets20192018201720162015
Surplus (deficit)($162,512)($223,740)($99,283)$139,371$124,797
Other changes in net assets$0$0$0$0$0
Total change in net assets($162,512)($223,740)($99,283)$139,371$124,797

Compensation

NameTitleCompensation
Naomi FrizzellExecutive Director$103,385

Compensation data as of: 9/30/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/22/2021. To update the information below, please email: info@ministrywatch.com


History

While the young Ron Beery was pursuing his childhood passion for electronics in college and graduate school, he had not yet realized that God would use his passion to bring the Word to people all over the world. Ron often asked God if electronics was in His calling for him, and the Lord did use Ron's knowledge and skills as a physics professor at Hope College in Holland, MI. Ron and his wife Alice thought this might be God's plan for Ron's science training, but soon they were challenged by the world's many people who are unable to receive God's Word in their heart language because they cannot read. Ron realized that providing recorded Scripture on simple players could meet that great need. He started small, encouraged by a number of God-given partner individuals and churches, and Portable Recording Ministries was born in 1967.

In God's plan the transistor had only recently transformed and miniaturized the entire electronics field, making small, portable Scripture players possible for the first time in history. Further improvements followed, from the use of cassettes to newer recording methods, all the way down to the pocket-sized digital players used today. Portable Recording Ministries later changed its name to Audio Scripture Ministries, and God enabled the organization to grow with the need. ASM has established four overseas recording studios to record Scripture in over 250 languages, and we have distributed players to thousands of people who need to hear God's Word in their own language to receive it in their heart. God has continued to bring many partners to join ASM: other ministries, workers, prayer partners, volunteers, and contributors. Many challenges and joys have come to ASM in our 50+ years of history, and God has been abundantly faithful in His leading and provision. As ASM continues its work, now under its fourth leader, we will enable ever more people groups to hear God's Word in their own language, to the glory of God.


Program accomplishments

Audio Scripture Ministries played significant roles in the development and production of hand-powered, solar-powered cassette players. ASM has also played a significant role in assisting missionaries and others to locate audio and other equipment suitable for various ministry locations.

Three of the four regional recording studios brought into existence by PRM (now ASM) are fully independent, and two are completely run by local, national believers. The Africa regional center is completely run by Africans, but corporately affiliated with the US headquarters in Holland, Michigan.


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