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
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 278 of 767 | 68 of 146 |
| Fund acquisition rating | | 56 of 768 | 14 of 146 |
| Resource allocation rating | | 194 of 768 | 50 of 146 |
| Asset utilization rating | | 731 of 767 | 143 of 146 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
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 ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
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 ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.62 | 0.19 | 0.20 | 0.20 | 0.19 | 0.20 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.89 | 14.36 | 10.09 | 8.09 | 13.78 | 2.48 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.53 | 2.66 | 1.99 | 1.60 | 2.63 | 0.49 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.70 | 40.72 | 37.37 | 44.97 | 25.01 | 126.89 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.02 | 0.03 | 0.02 | 0.04 | 0.01 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.23 | 4.40 | 5.86 | 7.35 | 4.38 | 24.33 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
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 | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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.