Las Vegas Rescue Mission 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/21/2020. To update the information in this column, please email: info@ministrywatch.com
Summary
For 50 years the Las Vegas Rescue Mission has been serving our community. From humble beginnings, the Mission has grown to become a major help in addressing the growing homeless population of Clark County. As a nonprofit Christian organization, the Mission receives no government support; we rely solely upon the compassion and support of concerned individuals, churches, corporations, and other organizations.
Contact information
Mailing address:
Las Vegas Rescue Mission
480 West Bonanza Rd
PO Box 270400
Las Vegas, NV 89106-3227
Website: vegasrescue.org
Phone: 702-382-1766
Email: contactus@vegasrescue.org
Organization details
EIN: 237222330
CEO/President: Heather Engle
Chairman: Ron McMenemy
Board size: 10
Founder: Ed Compton
Year founded: 1970
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2007
Purpose
Through effective, innovative Christian recovery programs, the Mission provides a path for those who want to escape the despair of the streets.
Mission statement
To serve those in need through food, shelter, daily needs and addiction recovery, offering hope to individuals and families through Jesus Christ.
Statement of faith
The Las Vegas Rescue Mission is committed to the foundational doctrines of the Christian faith. We consider the following doctrines to be essential:
ABOUT GOD: The existence of one God, who eternally exists in three persons: Father, Son and Holy Spirit.
ABOUT THE BIBLE: The Bible is God's Word to all men. It was written by human authors, under inspiration of the Holy Spirit. It is our sole authority for faith and practice.
ABOUT JESUS CHRIST: Jesus Christ is God's only son, born of the virgin Mary by the Holy Spirit. We affirm His Miracles, His Message, and His death on Calvary's cross. He bodily arose from the grave, sits at the right hand of God, intercedes for the Church and prepares all things for His imminent return.
ABOUT MAN: Man is made in the spiritual image of God and yet, through Adam, has become captive to sin and death. This sin separates man from God.
ABOUT SALVATION: Salvation is a gift from God to man. Salvation is by grace, through faith in the Lord Jesus Christ, apart from all works of righteousness.
ABOUT THE CHURCH: The church is the visible Body of Christ, of which Jesus is the head. The Church is commissioned to make disciples of all peoples and nations.
ABOUT THE HOLY SPIRIT: The Holy Spirit is equal with the Father and Son as God. He is present in the world to make men aware of their need for Jesus Christ. The Spirit lives in every Christian from the moment of salvation. He provides the Christian with power for living, understanding of spiritual truth, and guidance in doing what is right.
ABOUT ETERNITY: Man was created to exist forever. He will either exist eternally separated from God by sin; or in union with God through forgiveness and salvation. To be eternally separated from God is Hell. To be eternally in union with Him is eternal life.
CHRIST'S RETURN: Jesus ascended to Heaven's glory and will return again to earth to reign as King of kings, and Lord of lords.
Transparency grade
A
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Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 749 of 940 | 132 of 160 |
| Fund acquisition rating | | 789 of 942 | 145 of 160 |
| Resource allocation rating | | 747 of 942 | 128 of 160 |
| Asset utilization rating | | 371 of 940 | 75 of 160 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 20% | 19% | 23% | 16% | 15% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 17% | 16% | 20% | 14% | 15% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 91% | 85% | 84% | 87% | 90% | 95% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 18% | 14% | 19% | 16% | 14% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 15% | 16% | 13% | 10% | 5% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 73% | 76% | 73% | 78% | 80% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 92% | 114% | 106% | 90% | 106% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 67% | 86% | 77% | 70% | 84% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | 8% | -14% | -6% | 10% | -6% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | 7% | -11% | -5% | 9% | -5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 9% | 10% | 9% | 6% | 6% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.58 | 0.61 | 0.72 | 0.66 | 0.69 | 0.83 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.76 | 3.69 | 8.41 | 6.31 | 6.29 | 6.13 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.24 | 2.25 | 6.09 | 4.16 | 4.31 | 5.11 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.14 | 11.53 | 4.17 | 5.74 | 7.63 | 6.70 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.09 | 0.24 | 0.17 | 0.13 | 0.15 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.45 | 4.88 | 1.50 | 2.38 | 2.42 | 2.00 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 24% | 19% | 17% | 16% | 18% |
Debt ratio Debt ratio = Debt / Total assets | 1% | 21% | 0% | 14% | 14% | 15% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 141% | 125% | 112% | 125% | 122% | 98% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $1,761,497 | $212,623 | $889,403 | $826,748 | $970,982 |
| Receivables, inventories, prepaids | $246,568 | $163,531 | $152,705 | $308,775 | $99,621 |
| Short-term investments | $16,273 | $397,211 | $80,926 | $28,060 | $34,938 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,024,338 | $773,365 | $1,123,034 | $1,163,583 | $1,105,541 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $5,445,017 | $5,718,342 | $5,938,997 | $6,143,177 | $5,664,577 |
| Other long-term assets | $1,965 | $11,858 | $20,074 | $10,261 | $4,990 |
| Total long-term assets | $5,446,982 | $5,730,200 | $5,959,071 | $6,153,438 | $5,669,567 |
| Total assets | $7,471,320 | $6,503,565 | $7,082,105 | $7,317,021 | $6,775,108 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $161,077 | $185,349 | $195,752 | $152,451 | $164,943 |
| Other current liabilities | $14,525 | $0 | $0 | $0 | $0 |
| Total current liabilities | $175,602 | $185,349 | $195,752 | $152,451 | $164,943 |
| Debt | $1,592,626 | $4,109 | $1,005,364 | $1,003,073 | $1,000,000 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $10,500 | $1,036,135 | $30,138 | $48,465 | $66,400 |
| Total long-term liabilities | $1,603,126 | $1,040,244 | $1,035,502 | $1,051,538 | $1,066,400 |
| Total liabilities | $1,778,728 | $1,225,593 | $1,231,254 | $1,203,989 | $1,231,343 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $4,954,541 | $4,759,112 | $5,357,333 | $5,611,457 | $5,543,765 |
| With donor restrictions | $738,051 | $518,860 | $493,518 | $501,575 | $0 |
| Net assets | $5,692,592 | $5,277,972 | $5,850,851 | $6,113,032 | $5,543,765 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $4,233,994 | $3,471,436 | $3,839,492 | $5,020,662 | $5,103,562 |
| Program service revenue | $510,999 | $634,618 | $545,654 | $556,540 | $227,222 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $204,715 | $6,298 | $905 | ($18,615) | $0 |
| Other revenue | $11,273 | $34,961 | $23,059 | $21,214 | $18,435 |
| Total other revenue | $726,987 | $675,877 | $569,618 | $559,139 | $245,657 |
| Total revenue | $4,960,981 | $4,147,313 | $4,409,110 | $5,579,801 | $5,349,219 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $3,317,970 | $3,586,237 | $3,390,668 | $3,903,622 | $4,502,973 |
| Management and general | $402,273 | $455,200 | $417,004 | $317,458 | $358,333 |
| Fundraising | $827,561 | $670,435 | $867,834 | $791,574 | $790,455 |
| Total expenses | $4,547,804 | $4,711,872 | $4,675,506 | $5,012,654 | $5,651,761 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $413,177 | ($564,559) | ($266,396) | $567,147 | ($302,542) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $413,177 | ($564,559) | ($266,396) | $567,147 | ($302,542) |
Compensation
| Name | Title | Compensation |
| Heather Engle | CEO | $111,010 |
| Nicola Antill | COO | $96,388 |
Compensation data as of: 6/30/2020
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 12/21/2020. To update the information below, please email: info@ministrywatch.com
History
LVRM was founded in 1970 by a pastor and six businessmen who had a calling to help those who were homeless and hungry. Together, they secured a tiny storefront at 414 West Bonanza Road. By God's grace, they provided sandwiches and drinks, along with mats and blankets for men to eat and sleep away from the elements.
Program accomplishments
The Las Vegas Rescue Mission (LVRM) started with a small storefront building that included the chapel, kitchen and a shelter that could house a few men. Today, LVRM campus takes up two city blocks in downtown Las Vegas, helping hundreds of men, women and their children daily, and providing approximately 30,000 meals each month.