Good News

Summary

The Forum for Scriptural Christianity, Inc. ("FFSC") was formed for the purpose of publishing a magazine and other materials concerning activities in the United Methodist Church. The organization is also involved in other ministries and services supporting the evangelical movement in the Church. Part of this is the Good News magazine and bi-weekly e-newsletter, a voice for repentance, an agent for reform, and a catalyst for renewal within the United Methodist Church, as well as Renew, a women's ministry network for United Methodists. FFSC seeks to proclaim and demonstrate the power and effectiveness of historic Christianity as emphasized in Wesleyan doctrine and practice. FFSC aims to do the following: advocate scriptural Christianity with holy living among United Methodists; nurture evangelical fellowship within a worshipping, caring, and inclusive community; seek diligently to be faithful and challenge unfairness wherever it is found in the church; inform and educate United Methodists about issues challenging the church; create and/or assist in creating supplemental church structures, if necessary. FFSC is a tax exempt nonprofit, and is eligible for tax-deductible donations. FFSC is a member of the Evangelical Council for Financial Accountability (ECFA).


Contact information

Mailing address:
PO Box 132076
The Woodlands, TX 77393-2076

Website: www.goodnewsmag.org

Phone: (832) 813-8327

Email: info@goodnewsmag.org


Organization details

EIN: 362680478

CEO/President: Rev. Rob Renfroe

Chairman:

Board size: 26

Founder: Rev. Charles W. Keysor

Year founded: 1967

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1980


Purpose

Worldwide Discipleship Association, Inc. is generally known as Good News. Good News is also the name of the magazine it publishes. Good News strives on building disciples for the church using a method patterned after Jesus' ministry. In recent years, the church has led many to Christ, but has struggled to help Christians grow to maturity. Good News's vision is to build strong believers who can also equip others. This will bring glory to God as they exhibit Christ-like character, sharing the Good News in an atmosphere of Christian love. Good News hopes to help strengthen the church's commitment to discipleship by offering a method of discipleship that is uniquely biblical.

This organization is a nonprofit. Contributions to it are fully deductible to the extent allowed by the law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Mission statement

Good News expresses its goals as follows:

To...
- Encourage evangelicals to witness effectively for Christ within United Methodism.
- Proclaim biblical truths
- Sound the alarm about unbiblical philosophies.
- Discuss vital issues facing our church.
- Provide much needed fellowship within our church through our Summer Celebration.
- Deepen appreciation for our Wesleyan heritage.


Statement of faith

Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating373 of 42338 of 47
Fund acquisition rating382 of 42340 of 47
Resource allocation rating388 of 42338 of 47
Asset utilization rating195 of 42316 of 47

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%16%14%22%21%19%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%16%13%22%21%19%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%98%99%98%96%97%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%17%12%22%19%20%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%2%1%2%4%3%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%66%76%62%64%59%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%90%110%98%111%93%
Program output ratio Program output ratio =
Program services /
Total revenue
81%59%84%60%71%55%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%10%-10%2%-11%7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%16%-26%4%-15%9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%17%11%16%17%21%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.301.432.791.551.531.16
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.541.471.562.473.391.67
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.542.104.343.835.191.94
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.9688.5115.54362.6818.10167.10
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.010.060.000.060.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.075.652.593.132.196.16
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%1%4%0%2%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%69%34%64%64%86%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$398,804$292,944$232,494$159,408$401,572
Receivables, inventories, prepaids$13,997$40,988$20,294$20,534$12,511
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$412,801$333,932$252,788$179,942$414,083
Long-term investments$187,329$176,212$362,825$422,378$267,053
Fixed assets$7,320$9,256$7,745$7,295$9,563
Other long-term assets$0$0$0$0$0
Total long-term assets$194,649$185,468$370,570$429,673$276,616
Total assets$607,450$519,400$623,358$609,615$690,699
 
Liabilities20172016201520142013
Payables and accrued expenses$4,664$21,491$697$9,943$2,478
Other current liabilities$0$0$0$0$0
Total current liabilities$4,664$21,491$697$9,943$2,478
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$4,664$21,491$697$9,943$2,478
 
Net assets20172016201520142013
Unrestricted$561,161$496,840$405,034$391,402$440,973
Temporarily restricted$41,625$789$217,347$207,990$246,968
Permanently restricted$0$280$280$280$280
Net assets$602,786$497,909$622,661$599,672$688,221
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$944,642$1,302,748$967,126$807,542$837,174
Program service revenue$17,124$12,516$20,705$30,101$22,786
Membership dues$0$0$0$0$0
Investment income$2,196$3,659$2,714$5,324$4,623
Other revenue$0$0$0$0$0
Total other revenue$19,320$16,175$23,419$35,425$27,409
Total revenue$963,962$1,318,923$990,545$842,967$864,583
 
Expenses20172016201520142013
Program services$572,418$1,104,579$596,373$598,527$473,749
Management and general$145,175$166,525$156,947$161,417$167,330
Fundraising$149,756$177,877$213,762$173,419$160,803
Total expenses$867,349$1,448,981$967,082$933,363$801,882
 
Change in net assets20172016201520142013
Surplus (deficit)$96,613($130,058)$23,463($90,396)$62,701
Other changes in net assets$0$0$0$0$0
Total change in net assets$96,613($130,058)$23,463($90,396)$62,701

Response from ministry

No response has been provided by this ministry.


History

The first issue of Good News magazine was published in 1967. Charles W. Keysor, a Methodist pastor in Elgin, Illinois, published the first issue of the digest-size magazine for Methodist evangelicals out of the basement of his parsonage. At the suggestion of his wife, Marge, he called it Good News.

It had all begun a year earlier when James Wall, then editor of the Methodist minister's magazine New Christian Advocate, asked Chuck, "Why don't you write an article for us describing the central beliefs and convictions of this part [evangelical wing] of our church?"

Chuck's article, "Methodism's Silent Minority" was published in the July 14, 1966 issue of the New Christian Advocate, where he identified the major evangelical convictions.

To his amazement Keysor received over 200 letters and phone calls in response to his article, most of them coming from Methodist pastors! Two themes surfaced in the responses: first, "I thought I was the only one left in the church who believes these things," and second, "I feel so alone-so cut off from the leadership of my church."

As he prayed about the letters and phone calls, Chuck felt he must do something. Having been a journalist prior to entering the ministry, he decided to launch a magazine which affirmed the evangelical message of the Wesleys and Francis Asbury. Good News magazine was born.

The Good News board soon felt a need to sponsor some kind of national gathering to help unify Methodist evangelicals. Texas pastor Mike Walker, the youngest member of the fledgling board, headed up plans for the first national convocation held in Dallas in August of 1970. To everyone's amazement, a whopping 1,600 United Methodists registered, coming from coast to coast! The Holy Spirit drew people together in a remarkable way.

From the start, Good News' primary concern has been theological. Born in an era when church radicals were demanding "Let the world set the agenda for the church," we were convinced that the biblical agenda was languishing from both neglect and from theological revisionism.

In 1974, Good News authorized a "Theology and Doctrine Task Force," headed by Paul Mickey, associate professor of pastoral theology at Duke University's Divinity School. The task force was charged with preparing a fresh, new statement of "Scriptural Christianity" which would remain faithful to both the Methodist and Evangelical United Brethren traditions. In addition to Mickey, the committee included Charles Keysor, Frank B. Stanger, Dennis F. Kinlaw, Robert Stamps, Lawrence Souder, and this writer.

United Methodist evangelicals were also encouraged by the efforts of concerned denominational leaders to formulate pre-General Conference activity such as the 1988 "Houston Declaration" and the 1992 "Memphis Declaration." Both of these initiatives were spearheaded by the leadership of what is now known as the Confessing Movement within the United Methodist Church-which includes prominent leaders such as James B. Buskirk, Maxie D. Dunnam, Ira Gallaway, John Ed Mathison, William Bouknight, and the late William H. Hinson. The grassroots efforts noted above reflected the growing conviction that evangelicals must engage in the legislative process to make their voices heard if the church is ever to experience renewal and reform.

It's a different world today and the United Methodist Church is not the same church. Think of the organizations that didn't exist 40 years ago: Good News, The Institute on Religion and Democracy, United Methodist Action, A Foundation for Theological Education, The Mission Society, Transforming Congregations, Lifewatch (the Taskforce of United Methodists on Abortion and Sexuality), the Renew Network, Concerned Methodists, the American Family Association, and the Confessing Movement Within the United Methodist Church.

We should also note the important contribution of several groups affiliated with the General Board of Discipleship, including the Council on Evangelism, the Foundation for Evangelism, the National Association of United Methodist Evangelists, and Aldersgate Renewal Ministries. The above groups have been faithful voices on behalf of our Wesleyan theological heritage.

All of these groups, of course, have their own histories and purposes. They do not walk in lockstep, to be sure. But let's not miss the significance of their existence. The voices of United Methodist evangelicals and traditionalists are finally being heard. Channels now exist to guarantee this will happen. Thousands of United Methodists have found avenues for evangelical ministry as well as ways to address effectively the spiritual, moral, theological, and social issues that exist in our church.


Program accomplishments

Good News describes its program accomplishments as follows:

Conducted women's caucus meetings and activities.
Provided monthly newsletters and resources to all interested women.
Published Good News magazine six times per year reaching more than 70,000 homes and churches.
Published newsletters 12 times per year that reached nearly 30,000 homes and churches.
Published the Good News guide to daily prayer that reached nearly 20,000 homes and churches.
Host two national board of directors meetings involving 50 United Methodist leaders.


Needs