Love Worth Finding Ministries 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/11/2020. To update the information in this column, please email: info@ministrywatch.com
Summary
Love Worth Finding, Inc. ("LWF") is primarily involved in US and international radio and television broadcasts of Dr. Adrian Rogers' sermons and services. In addition to the radio and television programs, LWF also offers related books, videos, cassette tapes and other merchandise from Dr. Adrian Rogers. Love Worth Finding was started to help people find the kind of love that is beyond anything they've experienced before--the love that can only be found through a personal relationship with Jesus Christ. LWF is a worldwide Christian ministry dedicated to spreading the good news of Jesus and encouraging and building people up in the knowledge of Christ. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).
Contact information
Mailing address:
PO Box 38300
Memphis, TN 38183-0300
Website: www.lwf.org
Phone: (901) 382-7900
Email: lovwf@access.net
Organization details
EIN: 581730035
CEO/President: Cary E. Vaughn
Chairman: Robert L. Sorrell
Board size: 12
Founder: Mr. Adrian Rogers
Year founded: 1987
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1993
Purpose
Love Worth Finding, Inc. ("LWF") is primarily involved in US and international radio and television broadcasts of Dr. Adrian Rogers' sermons and services. In addition to the radio and television programs, LWF also offers related books, videos, cassette tapes and other merchandise from Dr. Adrian Rogers. Love Worth Finding was started to help people find the kind of love that is beyond anything they've experienced before--the love that can only be found through a personal relationship with Jesus Christ. LWF is a worldwide Christian ministry dedicated to spreading the good news of Jesus and encouraging and building people up in the knowledge of Christ.
This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.
It is a member of the Evangelical Council for Financial Accountability (ECFA).
SPECIAL NEWS: Dr. Adrian Rogers, one of the greatest preachers and Christian leaders of the 20th century, died November 15, 2005. Like Ezra, the great leader of ancient Israel, Dr. Rogers committed his life to one overarching purpose: the preaching and teaching of God's Word. "For Ezra had prepared his heart to seek the law of the Lord, and to do it, and to teach in Israel statutes and judgments" (Ezra 7:10).
Dr. Rogers succumbed to pneumonia after battling cancer that was diagnosed soon after his March 2005 retirement from 32 years as pastor of the Bellevue Baptist Church in Memphis Tennessee. One of America's largest churches, Bellevue has more than 29,000 members and a ministry that reaches around the world. The church grew and thrived under the dynamic preaching and loving pastoral care of Dr. Rogers. He was named Pastor Emeritus of the church at his retirement.
Dr. Rogers was preceded in death by his parents, Arden and Rose Rogers, and by an infant son, Phillip. He is survived by his wife of 54 years, the former Joyce Louise Gentry of West Palm Beach, Florida; their four children: Stephen, Gayle, David, and Janice; nine grandchildren and one great-grandchild born November 14, 2005.
Mission statement
LWF communicates its mission as follows:
Love Worth Finding is a Bible-based ministry emphasizing truth and family values and ministering with absolute integrity and accountability in order to bring people to Christ and mature them in the faith. Love Worth Finding will endeavor to maintain a balance of Biblical compassion and conviction.
Statement of faith
Love Worth Finding's doctrinal position is:
1: There is but one God, who has revealed Himself as Triune, made manifest as Father, Son and Holy Spirit.
2: That Jesus Christ is the perfect image of God. "Perfect God - Perfect Man," "Very God from Very God."
3: That Jesus Christ pre-existed all created things and was Himself a creator of all; was born of a virgin; lived a sinless life; died on the cross to atone for man's sin; physically resurrected upon the third day; ascended into heaven and will come again to reign as Savior and King.
4: salvation is by grace alone, through faith in Jesus Christ
.
5. The sixty-six books which consist the Bible are inspired by God and infallible as originally given.
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Educational Media
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 679 of 817 | 42 of 52 |
| Fund acquisition rating | | 749 of 817 | 46 of 52 |
| Resource allocation rating | | 706 of 817 | 44 of 52 |
| Asset utilization rating | | 277 of 817 | 18 of 52 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 19% | 16% | 17% | 17% | 15% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 7% | 19% | 15% | 15% | 15% | 13% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 97% | 97% | 92% | 90% | 91% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 7% | 18% | 17% | 14% | 15% | 14% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 3% | 3% | 8% | 10% | 9% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 71% | 73% | 75% | 74% | 76% |
Spending ratio Spending ratio = Total expenses / Total revenue | 101% | 106% | 86% | 107% | 101% | 93% |
Program output ratio Program output ratio = Program services / Total revenue | 82% | 76% | 63% | 80% | 75% | 70% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | -1% | -6% | 14% | -7% | -1% | 7% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | -2% | -10% | 23% | -12% | -2% | 13% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 11% | 10% | 11% | 10% | 10% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.96 | 1.52 | 1.32 | 1.71 | 1.55 | 1.55 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.48 | 1.56 | 1.49 | 1.78 | 1.72 | 1.70 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.02 | 2.38 | 1.96 | 3.04 | 2.67 | 2.63 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 6.05 | 6.05 | 7.28 | 4.99 | 5.74 | 6.18 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.15 | 0.17 | 0.14 | 0.20 | 0.17 | 0.16 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.59 | 4.21 | 5.28 | 3.15 | 3.71 | 3.82 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 11% | 11% | 10% | 11% | 10% | 10% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 1% | 1% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 69% | 58% | 68% | 52% | 58% | 58% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $1,864,322 | $2,396,787 | $1,409,566 | $1,558,656 | $1,608,712 |
| Receivables, inventories, prepaids | $683,568 | $522,461 | $487,366 | $631,189 | $623,779 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $510 | $0 | $5,643 |
| Total current assets | $2,547,890 | $2,919,248 | $1,897,442 | $2,189,845 | $2,238,134 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,413,902 | $1,387,436 | $1,486,939 | $1,569,480 | $1,559,292 |
| Other long-term assets | $23,352 | $37,544 | $0 | $0 | $0 |
| Total long-term assets | $1,437,254 | $1,424,980 | $1,486,939 | $1,569,480 | $1,559,292 |
| Total assets | $3,985,144 | $4,344,228 | $3,384,381 | $3,759,325 | $3,797,426 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $420,951 | $401,100 | $47,711 | $55,399 | $26,708 |
| Other current liabilities | $0 | $0 | $332,851 | $325,844 | $335,520 |
| Total current liabilities | $420,951 | $401,100 | $380,562 | $381,243 | $362,228 |
| Debt | $27,500 | $42,500 | $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 | $27,500 | $42,500 | $0 | $0 | $0 |
| Total liabilities | $448,451 | $443,600 | $380,562 | $381,243 | $362,228 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Unrestricted | $3,526,693 | $3,900,628 | $3,003,819 | $3,378,082 | $3,435,198 |
| Temporarily restricted | $10,000 | $0 | $0 | $0 | $0 |
| Permanently restricted | $0 | $0 | $0 | $0 | $0 |
| Net assets | $3,536,693 | $3,900,628 | $3,003,819 | $3,378,082 | $3,435,198 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $5,548,791 | $6,420,335 | $4,942,807 | $5,221,613 | $5,796,869 |
| Program service revenue | $118,405 | $186,020 | $447,414 | $555,019 | $555,424 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $23,431 | $8,227 | $3,070 | $8,275 | $2,690 |
| Other revenue | $3,802 | $1,600 | $4,080 | $2,487 | $331 |
| Total other revenue | $145,638 | $195,847 | $454,564 | $565,781 | $558,445 |
| Total revenue | $5,694,429 | $6,616,182 | $5,397,371 | $5,787,394 | $6,355,314 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $4,322,621 | $4,178,345 | $4,334,723 | $4,347,847 | $4,475,436 |
| Management and general | $669,229 | $544,638 | $613,731 | $611,869 | $573,990 |
| Fundraising | $1,066,514 | $996,390 | $823,180 | $884,791 | $847,991 |
| Total expenses | $6,058,364 | $5,719,373 | $5,771,634 | $5,844,507 | $5,897,417 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | ($363,935) | $896,809 | ($374,263) | ($57,113) | $457,897 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($363,935) | $896,809 | ($374,263) | ($57,113) | $457,897 |
Compensation
| Name | Title | Compensation |
| Rev Cary E Vaughn | CEO | $152,533 |
| Jerry Borden | CFO | $127,928 |
| Bobby Lewis | Exec. VP Operations | $113,109 |
| Susan Cranford | Director of Finance & Development | $40,842 |
Compensation data as of: 6/30/2019
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 3/11/2020. To update the information below, please email: info@ministrywatch.com
History
Love Worth Finding was founded by pastor and Bible study teacher Dr. Adrian Rogers. Dr. Rogers pastors the 26,000 member Bellevue Baptist Church in Memphis, Tennessee, and has served three times as the president of the 14-million member Southern Baptist Convention. Dr. Adrian Rogers was already a veteran of radio and television broadcasting when Love Worth Finding was begun in 1987. Dr. Rogers was called to the ministry based on an increasing number of requests for tapes of his messages. In the beginning, the one-hour broadcasts began on just 17 stations, and the 30-minute daily radio broadcasts of Love Worth Finding debuted on 19 radio stations.
Since that limited beginning, the outreach of LWF has grown rapidly and can now be seen and heard worldwide through television and radio broadcasts, and on the worldwide web. One of the fastest growing areas in LWF's programming is the Spanish language broadcast of "El Amor Que Vale."
Program accomplishments
LWF expresses its accomplishments as follows:
LWF has helped spread the Gospel of Jesus Christ through the means of radio and Television not only in the US but overseas as well. These are the major vehicles fro accomplishing the ministry's purpose. They have also sold sermons on audio tapes, video tapes and CDs. They have also sold Christian books, booklets, and related material This has put the Gopsel message into the hand of listeners and readers in a more permanent form.
LWF is telecast on 353 broadcast stations, 14,255 cable systems, three satellite networks, and 141 radio stations across America and in over 40 foreign countries including Africa and Middle East.
Needs
Love Worth Finding, Inc. expresses its needs as follows:
LWF is a faith-based ministry that relies on God to supply their financial needs through the support of caring people. No matter what size gift one can give, God uses every contribution to help Love Worth Finding reach hurting people, encourage new and growing Christians, mend broken lives, and help people find the joy of forgiveness and new life in Jesus Christ.