Lima Rescue Mission 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/28/2020. To update the information in this column, please email: info@ministrywatch.com
Summary
Lima Rescue Mission shares God's love with people in need through Christ-centered programs and services. Our primary focus is reaching out to poor and homeless men by providing physical and spiritual care in a time of crisis. The Mission also ministers to at-risk youth through a summer day camp at our campgrounds, Camp Roberts.
We are an evangelical, non-denominational organization. All funding for our ministry comes directly from individuals, businesses, churches and other organizations who want to be involved in helping people in need in our community. We do not receive any funding from the government or other agencies.
Contact information
Mailing address:
Lima Rescue Mission
216 E. Wayne St.
Lima, OH 45801
Website: limamission.org
Phone: 419-224-6961
Email: info@limamission.org
Organization details
EIN: 344474977
CEO/President: Chuck Ferguson
Chairman: Andy Brown
Board size: 8
Founder: Rev. Adam Welty
Year founded: 1952
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2008
Purpose
The purpose of Lima Rescue Mission is to glorify God by sharing His love with people in need through Christ-centered programs and services. While we place an emphasis on physical care, including providing food, shelter, and clothing, we believe that true healing and recovery requires more than just physical needs being met. We meet with each individual to get to know them better, and learn what has led to them seek help at the Mission. As we get to know each person, we are able to connect them to resources that will be helpful for their specific needs. We promote independence and provide services with the understanding that they are temporary in nature. We expect to see individuals making positive changes and working toward becoming independent, and we provide support, guidance, and encouragement as they do so.
Mission statement
To see the lives of everyone we serve transformed, helping them to become independent and productive members of society by providing for their spiritual, physical and emotional needs.
Statement of faith
We believe the Bible to be the inspired, the only infallible, authoritative Word of God.
We believe that there is one God, eternally existent in three persons: Father, Son and Holy Spirit.
We believe in the deity and humanity of Christ, in His virgin birth, in His sinless life, in His miracles, in His atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, in His present rule as Head of the Church and in His personal return in power and glory.
We believe that salvation has been provided through Jesus Christ for all; and those who repent and believe in Him are born again of the Holy Spirit, receive the gift of eternal life, and become the children of God.
We believe in the present ministry of the Holy Spirit, by whose indwelling the Christian is enabled to live a godly life.
We believe in the resurrection of both the saved and the lost, they that are saved unto the resurrection of life and they that are lost unto the barrenness of damnation.
We believe in the spiritual unity of believers in our Lord Jesus Christ.
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 477 of 940 | 87 of 160 |
| Fund acquisition rating | | 448 of 942 | 78 of 160 |
| Resource allocation rating | | 544 of 942 | 92 of 160 |
| Asset utilization rating | | 446 of 940 | 90 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% | 10% | 10% | 14% | 9% | 11% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 9% | 10% | 13% | 8% | 10% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 91% | 91% | 93% | 92% | 93% | 93% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 10% | 9% | 10% | 10% | 9% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 9% | 7% | 8% | 7% | 7% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 78% | 79% | 79% | 79% | 81% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 88% | 105% | 122% | 80% | 114% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 69% | 83% | 96% | 63% | 92% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | 12% | -5% | -22% | 20% | -14% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | 7% | -3% | -10% | 13% | -7% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 12% | 12% | 11% | 11% | 10% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.58 | 0.50 | 0.56 | 0.58 | 0.50 | 0.56 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.76 | 2.84 | 3.63 | 3.12 | 2.85 | 4.42 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.24 | 1.43 | 2.03 | 1.80 | 1.43 | 2.48 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.14 | 165.50 | 152.39 | 3250.22 | 4875.32 | 3193.32 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.45 | 8.35 | 5.89 | 6.68 | 8.41 | 4.84 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 0% | 0% | 0% | 0% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 1% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 141% | 198% | 179% | 174% | 200% | 178% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $403,318 | $294,268 | $351,024 | $424,153 | $239,499 |
| Receivables, inventories, prepaids | $0 | $0 | $0 | $0 | $0 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $403,318 | $294,268 | $351,024 | $424,153 | $239,499 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $690,646 | $723,030 | $695,394 | $736,613 | $769,561 |
| Other long-term assets | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
| Total long-term assets | $740,646 | $773,030 | $745,394 | $786,613 | $819,561 |
| Total assets | $1,143,964 | $1,067,298 | $1,096,418 | $1,210,766 | $1,059,060 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $2,437 | $1,931 | $108 | $87 | $75 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $2,437 | $1,931 | $108 | $87 | $75 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1,228 | $838 | $997 | $944 | $1,048 |
| Total long-term liabilities | $1,228 | $838 | $997 | $944 | $1,048 |
| Total liabilities | $3,665 | $2,769 | $1,105 | $1,031 | $1,123 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $1,090,299 | $1,014,529 | $1,045,313 | $1,159,735 | $1,007,937 |
| With donor restrictions | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
| Net assets | $1,140,299 | $1,064,529 | $1,095,313 | $1,209,735 | $1,057,937 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $594,350 | $527,975 | $476,191 | $701,408 | $486,409 |
| Program service revenue | $29,965 | $32,669 | $34,494 | $32,733 | $34,370 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $1,629 | $2,922 | $3,614 | $3,280 | $2,824 |
| Other revenue | $25,758 | $1,785 | $1,983 | $19,588 | ($682) |
| Total other revenue | $57,352 | $37,376 | $40,091 | $55,601 | $36,512 |
| Total revenue | $651,702 | $565,351 | $516,282 | $757,009 | $522,921 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $450,321 | $471,664 | $495,672 | $476,674 | $480,260 |
| Management and general | $67,667 | $69,466 | $69,140 | $66,294 | $58,514 |
| Fundraising | $57,944 | $54,897 | $65,892 | $62,243 | $54,858 |
| Total expenses | $575,932 | $596,027 | $630,704 | $605,211 | $593,632 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $75,770 | ($30,676) | ($114,422) | $151,798 | ($70,711) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $75,770 | ($30,676) | ($114,422) | $151,798 | ($70,711) |
Compensation
| Name | Title | Compensation |
| Charles Ferguson | Executive Di | $65,518 |
Compensation data as of: 12/31/2020
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 12/28/2020. To update the information below, please email: info@ministrywatch.com
History
November 1, 1906 - Founded
Lima Rescue Mission was founded by Rev. Adam Welty to provide a haven for poor and homeless men. The Mission was originally located in a rented house at 207 E. North Street in Lima.
May 1914 - A Growing Need
In a short time, the Mission outgrew the house it occupied, and additional space was needed. A site at the corner of Central and Wayne was secured with a down payment of $200.
March 1916 - Construction Begins
Excavation began at the lot at Central and Wayne; construction was suspended during World War I, and resumed after the war.
June 1920 - Moving
The Mission finally moved in to its new three-story building at 216 E. Wayne Street.
1952 - Rev. James Welty named director; he served at the Mission from 1949-2008.
1974 - Camp Roberts summer ministry to inner-city children began; the camp is located on 54-acres in Shawnee Township.
1998 - Chuck Ferguson named director; he began work at the Mission in 1978.
Today - Ministry Continues
After 114 years, the ministry to poor and homeless men is carried on much as it always has been, providing food, shelter, and clothing as well as a Gospel witness to all who come for assistance.