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

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating278 of 76768 of 146
Fund acquisition rating56 of 76814 of 146
Resource allocation rating194 of 76850 of 146
Asset utilization rating731 of 767143 of 146

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%1%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%1%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%93%102%100%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%1%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%7%-2%0%1%1%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%84%84%85%84%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%73%99%81%78%40%
Program output ratio Program output ratio =
Program services /
Total revenue
75%62%83%69%66%33%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%27%1%19%22%60%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%7%0%5%5%29%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%15%16%15%16%18%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.620.190.200.200.190.20
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.8914.3610.098.0913.782.48
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.532.661.991.602.630.49
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.7040.7237.3744.9725.01126.89
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.020.030.020.040.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.234.405.867.354.3824.33
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%0%0%0%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%538%505%506%523%505%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$118,608$157,564$196,119$109,777$575,806
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$118,608$157,564$196,119$109,777$575,806
Long-term investments$0$0$0$0$0
Fixed assets$1,575,059$1,350,964$1,390,515$804,492$837,177
Other long-term assets$9,542$81,266$151$598,471$13,340
Total long-term assets$1,584,601$1,432,230$1,390,666$1,402,963$850,517
Total assets$1,703,209$1,589,794$1,586,785$1,512,740$1,426,323
 
Liabilities20192018201720162015
Payables and accrued expenses$2,913$4,216$4,361$4,390$4,538
Other current liabilities$0$0$0$0$0
Total current liabilities$2,913$4,216$4,361$4,390$4,538
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$2,913$4,216$4,361$4,390$4,538
 
Net assets20192018201720162015
Unrestricted$0$1,521,113$1,521,529$1,501,140$888,224
Temporarily restricted$0$64,465$60,895$7,210$533,561
Permanently restricted$0$0$0$0$0
Net assets$1,700,296$1,585,578$1,582,424$1,508,350$1,421,785
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$401,147$323,972$385,542$365,032$692,998
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$56$87$65$2,227$1,135
Other revenue$29,387($6,713)$1,468$1,974$3,900
Total other revenue$29,443($6,626)$1,533$4,201$5,035
Total revenue$430,590$317,346$387,075$369,233$698,033
 
Expenses20192018201720162015
Program services$266,012$264,786$266,053$242,834$231,318
Management and general$47,426$49,406$46,948$45,612$50,481
Fundraising$2,434$0$0$0$0
Total expenses$315,872$314,192$313,001$288,446$281,799
 
Change in net assets20192018201720162015
Surplus (deficit)$114,718$3,154$74,074$80,787$416,234
Other changes in net assets$0$0$0$0$0
Total change in net assets$114,718$3,154$74,074$80,787$416,234

Compensation

Compensation data for this ministry has not been collected.


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