Samaritan Ministries of Hot Springs

Summary

Samaritan Ministries of Hot Springs, Men's Rescue Mission is to serve homeless men with the love and compassion of Christ.


Contact information

Mailing address:
Samaritan Ministries of Hot Springs
PO Box 22674
Hot Springs, AR 71903-2674

Website: samaritanhs.org

Phone: 501-321-2888

Email: j.laggan@sbcglobal.com


Organization details

EIN: 450518752

CEO/President: Jan Laggan

Chairman: Charles Laggan

Board size: 2

Founder: Chuck and Jan Laggan

Year founded: 2003

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

We don't measure success by how many beds we fill; success is measured by how many lives are changed.


Mission statement

To serve homeless men with the love and compassion of Christ, encouraging them to become self-supporting members of the community, providing for their immediate and long-term needs and encouraging them to overcome the cause of homelessness in their life.


Statement of faith

Transparency grade

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating195 of 66030 of 91
Fund acquisition rating8 of 6621 of 91
Resource allocation rating171 of 66223 of 91
Asset utilization rating602 of 66090 of 91

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%102%100%99%99%95%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%-2%0%1%1%5%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%84%85%84%82%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%99%81%78%40%93%
Program output ratio Program output ratio =
Program services /
Total revenue
78%83%69%66%33%74%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%1%19%22%60%7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%0%5%5%29%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%16%15%16%18%20%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.570.200.200.190.200.25
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
4.2110.098.0913.782.487.13
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.491.991.602.630.491.80
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.9837.3744.9725.01126.8956.52
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.030.020.040.010.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.215.867.354.3824.336.57
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%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
147%505%506%523%505%396%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$157,564$196,119$109,777$575,806$140,369
Receivables, inventories, prepaids$0$0$0$0$923
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$157,564$196,119$109,777$575,806$141,292
Long-term investments$0$0$0$0$0
Fixed assets$1,350,964$1,390,515$804,492$837,177$866,608
Other long-term assets$81,266$151$598,471$13,340$151
Total long-term assets$1,432,230$1,390,666$1,402,963$850,517$866,759
Total assets$1,589,794$1,586,785$1,512,740$1,426,323$1,008,051
 
Liabilities20182017201620152014
Payables and accrued expenses$4,216$4,361$4,390$4,538$2,500
Other current liabilities$0$0$0$0$0
Total current liabilities$4,216$4,361$4,390$4,538$2,500
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$4,216$4,361$4,390$4,538$2,500
 
Net assets20182017201620152014
Unrestricted$1,521,113$1,521,529$1,501,140$888,224$1,005,551
Temporarily restricted$64,465$60,895$7,210$533,561$0
Permanently restricted$0$0$0$0$0
Net assets$1,585,578$1,582,424$1,508,350$1,421,785$1,005,551
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$323,972$385,542$365,032$692,998$260,876
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$87$65$2,227$1,135$45
Other revenue($6,713)$1,468$1,974$3,900$12,681
Total other revenue($6,626)$1,533$4,201$5,035$12,726
Total revenue$317,346$387,075$369,233$698,033$273,602
 
Expenses20182017201620152014
Program services$264,786$266,053$242,834$231,318$203,721
Management and general$49,406$46,948$45,612$50,481$49,912
Fundraising$0$0$0$0$0
Total expenses$314,192$313,001$288,446$281,799$253,633
 
Change in net assets20182017201620152014
Surplus (deficit)$3,154$74,074$80,787$416,234$19,969
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,154$74,074$80,787$416,234$19,969

Response from ministry

No response has been provided by this ministry.


History

Chuck and Jan Laggan realized that there was a need for shelter to be provided to homeless individuals in the community. After gathering facts, they called a community meeting in 2003 to discuss the problem of homelessness and the idea that if the community would work together, a Rescue Mission could be established. Their idea and plan caught the attention of many local individuals.

During the meeting 7 residents decided to form a Board of Trustees and Incorporate Samaritan Ministries of Hot Springs. Fundraising began with the initial donation of two $5 dollar bills, and .61 cents given by a homeless man that attended the second meeting (Total of $10.61) Fundraising continued to generate enough funds to acquire and renovate a building through speaking engagements and contacting all our friends and family and sharing the needs of the homeless in our community.

SMHS acquired a 7,500 square foot old steel-shell warehouse for $5,000 in September 2005. Architectural plans for the mission were created by the Laggan's oldest son Daniel, a registered architect, and the renovations began in July, 2006 after zoning and planning approval by the City of Hot Springs. For 17 months the Laggan's worked side by side with volunteers and contractors to finish the process while continuing to raise operating support to start operations. Since the beginning, many individuals, businesses, churches, and organizations have volunteered their time, contributed supplies, gift-in-kind donations and their prayers. SMHS opened on November 23, 2007 with the total cost of acquisition, major renovations, equipment and furnishings costing approximately $325,000. The day SMHS opened the facility was totally debt-free.


Program accomplishments


Needs