Samaritan Ministries of Hot Springs

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/21/2020. To update the information in this column, please email: info@ministrywatch.com


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 rating344 of 94066 of 160
Fund acquisition rating46 of 9426 of 160
Resource allocation rating324 of 94255 of 160
Asset utilization rating858 of 940154 of 160

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%0%1%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%0%1%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%93%93%102%100%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%0%1%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%7%7%-2%0%1%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%84%84%84%85%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%66%73%99%81%78%
Program output ratio Program output ratio =
Program services /
Total revenue
75%55%62%83%69%66%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%34%27%1%19%22%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%8%7%0%5%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%16%15%16%15%16%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.160.190.200.200.19
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.767.3614.3610.098.0913.78
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.241.182.661.991.602.63
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.1480.6940.7237.3744.9725.01
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.010.020.030.020.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.4510.034.405.867.354.38
 
Solvency ratiosSector median20202019201820172016
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%622%538%505%506%523%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$251,995$118,608$157,564$196,119$109,777
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$251,995$118,608$157,564$196,119$109,777
Long-term investments$0$0$0$0$0
Fixed assets$1,547,522$1,575,059$1,350,964$1,390,515$804,492
Other long-term assets$56,421$9,542$81,266$151$598,471
Total long-term assets$1,603,943$1,584,601$1,432,230$1,390,666$1,402,963
Total assets$1,855,938$1,703,209$1,589,794$1,586,785$1,512,740
 
Liabilities20202019201820172016
Payables and accrued expenses$3,123$2,913$4,216$4,361$4,390
Other current liabilities$0$0$0$0$0
Total current liabilities$3,123$2,913$4,216$4,361$4,390
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$3,123$2,913$4,216$4,361$4,390
 
Net assets20202019201820172016
Without donor restrictions$1,787,490$1,700,296$1,521,113$1,521,529$1,501,140
With donor restrictions$65,325$0$64,465$60,895$7,210
Net assets$1,852,815$1,700,296$1,585,578$1,582,424$1,508,350
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$420,607$401,147$323,972$385,542$365,032
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$163$56$87$65$2,227
Other revenue$29,443$29,387($6,713)$1,468$1,974
Total other revenue$29,606$29,443($6,626)$1,533$4,201
Total revenue$450,213$430,590$317,346$387,075$369,233
 
Expenses20202019201820172016
Program services$249,550$266,012$264,786$266,053$242,834
Management and general$48,042$47,426$49,406$46,948$45,612
Fundraising$102$2,434$0$0$0
Total expenses$297,694$315,872$314,192$313,001$288,446
 
Change in net assets20202019201820172016
Surplus (deficit)$152,519$114,718$3,154$74,074$80,787
Other changes in net assets$0$0$0$0$0
Total change in net assets$152,519$114,718$3,154$74,074$80,787

Compensation

Compensation data for this ministry has not been collected.


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 12/21/2020. To update the information below, please email: info@ministrywatch.com


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