The Rescue Mission, Fort Wayne

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 11/24/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

The Rescue Mission, founded in 1903, is a faith-based, nonprofit, 501(c)(3) organization, providing restorative care to men, women and children experiencing a homeless crisis. Our organization serves Fort Wayne, Allen County, and its ten surrounding counties. The Mission is comprised of four ministries (or houses) that function as communities of compassion.


Contact information

Mailing address:
The Rescue Mission
404 E. Washington Blvd.
Fort Wayne, IN 46802

Website: fwrm.org

Phone: 260-426-7357

Email: info@fwrm.org


Organization details

EIN: 351054670

CEO/President: Donovan Coley

Chairman: Jeff Ostermann

Board size: 17

Founder:

Year founded: 1908

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2020


Purpose

To transform lives through the love of Jesus Christ. Our main purpose is to provide restorative care for men, women, and children who are experiencing a homeless crisis.


Mission statement

To provide, through the power of Jesus Christ, a home for the homeless, food for the hungry, and hope for their future.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating542 of 817101 of 150
Fund acquisition rating545 of 81796 of 150
Resource allocation rating409 of 81778 of 150
Asset utilization rating500 of 817106 of 150

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%13%11%10%12%13%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%12%10%9%11%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%90%91%93%92%95%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%11%13%16%16%18%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%10%9%7%8%5%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%79%78%75%74%73%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%105%78%60%69%69%
Program output ratio Program output ratio =
Program services /
Total revenue
76%82%61%45%51%50%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-5%22%40%31%31%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-2%13%29%27%35%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%10%9%10%10%10%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.620.410.370.400.540.64
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.903.373.391.982.473.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.491.371.250.781.351.93
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.9213.8317.5119.1314.179.24
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.070.060.050.070.11
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.138.109.0414.518.295.54
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%22%21%9%12%16%
Debt ratio Debt ratio =
Debt /
Total assets
0%20%19%7%9%12%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%192%214%229%162%131%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$3,444,633$923,606$2,668,329$1,690,352$2,177,707
Receivables, inventories, prepaids$2,353,228$4,919,289$4,859,150$2,742,127$597,644
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$5,797,861$5,842,895$7,527,479$4,432,479$2,775,351
Long-term investments$0$0$0$0$0
Fixed assets$4,197,145$4,422,185$7,027,708$6,165,400$4,924,616
Other long-term assets$9,522,680$9,518,780$365,600$358,800$616,064
Total long-term assets$13,719,825$13,940,965$7,393,308$6,524,200$5,540,680
Total assets$19,517,686$19,783,860$14,920,787$10,956,679$8,316,031
 
Liabilities20202019201820172016
Payables and accrued expenses$419,272$333,634$393,413$312,749$300,324
Other current liabilities$0$0$0$0$0
Total current liabilities$419,272$333,634$393,413$312,749$300,324
Debt$3,816,158$3,816,069$990,000$990,000$990,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$3,816,158$3,816,069$990,000$990,000$990,000
Total liabilities$4,235,430$4,149,703$1,383,413$1,302,749$1,290,324
 
Net assets20202019201820172016
Unrestricted$0$8,502,833$7,033,427$5,958,459$4,258,236
Temporarily restricted$0$7,131,324$6,193,332$3,388,556$2,456,956
Permanently restricted$0$0$310,615$306,915$307,515
Net assets$15,282,256$15,634,157$13,537,374$9,653,930$7,025,707
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$6,887,786$8,592,152$9,101,009$7,936,248$7,412,862
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$95,927$42,897$3,005$34,810($1,191)
Other revenue$632,046$756,126$673,190$612,949$406,179
Total other revenue$727,973$799,023$676,195$647,759$404,988
Total revenue$7,615,759$9,391,175$9,777,204$8,584,007$7,817,850
 
Expenses20202019201820172016
Program services$6,262,900$5,691,765$4,399,285$4,394,527$3,885,638
Management and general$794,100$684,242$581,071$593,717$518,151
Fundraising$914,560$935,785$920,204$973,940$954,127
Total expenses$7,971,560$7,311,792$5,900,560$5,962,184$5,357,916
 
Change in net assets20202019201820172016
Surplus (deficit)($355,801)$2,079,383$3,876,644$2,621,823$2,459,934
Other changes in net assets$0$0$0$0$0
Total change in net assets($355,801)$2,079,383$3,876,644$2,621,823$2,459,934

Compensation

NameTitleCompensation
Reverend Donovan ColeyCEO$180,736
Jeffrey MusickCFO$125,455

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 11/24/2020. To update the information below, please email: info@ministrywatch.com


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