Wingfield Ministries Inc. 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 6/18/2021. To update the information in this column, please email: info@ministrywatch.com
Summary
Wingfield Ministries is an interdenominational ministry dedicated to reaching the world for Jesus Christ through evangelistic encounters and crusades both domestically and in foreign countries. Wingfield Ministries has a sincere burden for the body of Christ, the Church. Wingfield Ministries believe that God's purpose for the ministry is to assist the local community of faith by coming along side what they are already doing and helping them with the work of evangelism, primarily through an Encounter. Steve and Barbara Wingfield formed the ministry in 1987 when they answered the call to full-time evangelism.
Contact information
Mailing address:
Wingfield Ministries Inc.
4153 Quarles Court
Harrisonburg, VA 22801
Website: www.stevewingfield.org
Phone: (800) 729-2239
Email: info@victoryweekend.com
Organization details
EIN: 541437764
CEO/President: Rev. Steve Wingfield
Chairman: Vernon Zook
Board size: 7
Founder: Rev. Steve Wingfield
Ruling year: 1987
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1989
Purpose
Wingfield Ministries is committed to the Body of Christ, His church. We believe that our purpose before God is to assist the local community of faith by supporting, supplementing, and mobilizing them for the work of evangelism.
Wingfield Ministries is involved in four key areas:
Lodestar Guidance
Lodestar Mountain Inn
Tours to the Holy Land
Victory Weekend
In addition, Wingfield Ministries is also involved in other ministries: Come to the Table galas,
Conferences, camps, & retreats, Festivals, Missions conferences, Overseas evangelism, Overseas training, Pastors' summits, Prayer concerts & seminars, Renewal meetings, Sharing Your Faith course, Training seminars, Youth outreach
Mission statement
Our mission is to use every available means to reach every available person.
Statement of faith
Wingfield Ministries subscribe to the following statement of faith:
We believe the Bible to be the inspired, infallible and authoritative Word of God.
We believe that there is one God, eternally existent in three persons: Father, Son, and Holy Ghost.
We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and His personal return to earth in power and glory.
We believe that, for the salvation of lost and sinful man, regeneration by the Holy Spirit through faith in Jesus Christ is absolutely essential.
We believe in the resurrection of both the saved and the lost - they that are saved unto the resurrection of life, and they that are lost unto the resurrection of damnation.
We believe in the spiritual unity of believers in our Lord Jesus Christ.
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Evangelism
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 995 of 999 | 44 of 45 |
| Fund acquisition rating | | 932 of 1001 | 40 of 45 |
| Resource allocation rating | | 921 of 1001 | 42 of 45 |
| Asset utilization rating | | 998 of 999 | 45 of 45 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 13% | 10% | 16% | 11% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 13% | 7% | 15% | 11% | 5% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 96% | 98% | 74% | 94% | 97% | 99% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 17% | 17% | 19% | 17% | 12% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 4% | 2% | 26% | 6% | 3% | 1% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 64% | 64% | 59% | 68% | 67% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 74% | 42% | 79% | 64% | 38% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 48% | 27% | 46% | 43% | 26% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | 26% | 58% | 21% | 36% | 62% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 8% | 9% | 42% | 14% | 40% | 127% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 18% | 18% | 22% | 15% | 21% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.16 | 0.21 | 0.29 | 0.38 | 0.51 | 0.46 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.51 | 39.50 | 43.95 | 43.88 | 34.97 | 9.67 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.14 | 8.20 | 12.67 | 16.71 | 17.97 | 4.49 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 6.60 | 0.28 | 0.84 | 0.20 | 0.24 | 0.53 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.14 | 3.55 | 1.19 | 5.04 | 4.13 | 1.90 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.94 | -3.73 | -0.18 | -2.90 | -2.09 | -2.41 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 16% | 20% | 5% | 27% | 28% | 42% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 11% | 3% | 13% | 16% | 22% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 70% | 386% | 328% | 192% | 140% | 126% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $58,803 | $32,721 | $5,669 | $11,289 | $119,799 |
| Receivables, inventories, prepaids | $47,509 | $41,017 | $49,845 | $49,295 | $52,813 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $106,312 | $73,738 | $55,514 | $60,584 | $172,612 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $3,973,301 | $3,167,227 | $2,373,785 | $2,047,546 | $1,492,371 |
| Other long-term assets | $119,444 | $0 | $6,616 | $10,255 | $4,288 |
| Total long-term assets | $4,092,745 | $3,167,227 | $2,380,401 | $2,057,801 | $1,496,659 |
| Total assets | $4,199,057 | $3,240,965 | $2,435,915 | $2,118,385 | $1,669,271 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $242,698 | $78,883 | $114,055 | $135,374 | $95,382 |
| Other current liabilities | $134,488 | $9,100 | $165,627 | $114,600 | $232,768 |
| Total current liabilities | $377,186 | $87,983 | $279,682 | $249,974 | $328,150 |
| Debt | $455,000 | $88,546 | $314,656 | $339,948 | $365,519 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $65,003 | $0 | $0 |
| Total long-term liabilities | $455,000 | $88,546 | $379,659 | $339,948 | $365,519 |
| Total liabilities | $832,186 | $176,529 | $659,341 | $589,922 | $693,669 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $3,366,871 | $3,064,436 | $1,776,574 | $1,528,463 | $975,602 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $3,366,871 | $3,064,436 | $1,776,574 | $1,528,463 | $975,602 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $1,153,729 | $1,641,237 | $1,104,607 | $1,639,357 | $1,990,616 |
| Program service revenue | $7,512 | $17,860 | $30,299 | $36,297 | $44,530 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($219) | $560,248 | $34,793 | $23,382 | $92 |
| Other revenue | $13,519 | $5,012 | $69 | ($3,324) | ($19,582) |
| Total other revenue | $20,812 | $583,120 | $65,161 | $56,355 | $25,040 |
| Total revenue | $1,174,541 | $2,224,357 | $1,169,768 | $1,695,712 | $2,015,656 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $562,082 | $600,062 | $543,903 | $735,821 | $517,186 |
| Management and general | $161,171 | $171,225 | $208,042 | $164,704 | $161,736 |
| Fundraising | $148,853 | $163,229 | $175,420 | $188,392 | $96,027 |
| Total expenses | $872,106 | $934,516 | $927,365 | $1,088,917 | $774,949 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $302,435 | $1,289,841 | $242,403 | $606,795 | $1,240,707 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $302,435 | $1,289,841 | $242,403 | $606,795 | $1,240,707 |
Compensation
| Name | Title | Compensation |
| Stephen R Wingfield | President | $115,455 |
Compensation data as of: 6/30/2020
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 6/18/2021. To update the information below, please email: info@ministrywatch.com
History
In 1970, Steve Wingfield began to receive invitations to hold area-wide evangelistic meetings. Even while pastoring, he conducted two or three area-wide interdenomiational meetings each year. In 1983, after much prayer and counsel from many people, Steve and his wife Barbara answered God's call to full-time evangelism, thus giving birth to the present ministry. Steve had previously worked with Inter-Church, Inc. on crusades as a minister. Much of the ministry has been modeled after the Billy Graham Evangelistic Association.
Wingfield Ministries is currently focused on our calling to reach the men, women, and young people who attend NASCAR races around the country. Through Victory Weekend, we are able to set up our mobile platform to entertain and inspire our fans with music that they love, share life-changing testimonies from NASCAR drivers, and deliver powerful messages from Steve Wingfield and others.
Wingfield Ministries is expanding its ministry outreach by including the Lodestar Mountain Inn. The inn will be a refuge for church leaders, youth groups, and dedicated business leaders to hold meetings, seminars, and retreats in a beautiful, natural setting and at a well-appointed and professional facility. Spending time outdoors at this restful refuge nurtures relaxation and refreshment for guests.
The newest addition to outreach, Lodestar Guidance, is an innovative program designed to teach key character principles to businesses, churches, and families. It highlights 48 principles, such as accountability, trustworthiness, sincerity, and integrity, to teach participants how to live and lead effectively.