Service Over Self, Inc. 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/4/2021. To update the information in this column, please email: info@ministrywatch.com
Summary
Service Over Self (SOS) exists to glorify God by proclaiming the gospel of Jesus Christ in word and deed through urban home repair camps.
Mobilization - SOS provides opportunities for the Church to engage in ministry among people living in underserved neighborhoods.
Community Ministry - SOS provides leadership development opportunities for youth and critical home repairs for homeowners in our partner neighborhoods.
Equipping - SOS trains and equips servant leaders to care for those who are marginalized.
Contact information
Mailing address:
Service Over Self
2505 Poplar Ave.
Memphis, TN 38112
Website: www.sosmemphis.org
Phone: (901) 681-9044
Email: office@sosmemphis.org
Organization details
EIN: 621760415
CEO/President: Mr. Philip Walkley
Chairman: Mr. Douglas Turner
Board size: 21
Founder: Christ Church in Memphis
Ruling year: 1986
Tax deductible: Yes
Fiscal year end: 09/30
Member of ECFA: No
Member of ECFA since:
Purpose
All of our work is done with the gospel at the heart of our motivation. Jesus came to reconcile all things to himself (Colossians 1:20). That is, he came to set right all that has been broken by sin. Today, because of sin, we do not fully experience the Shalom with which God created the world. Through home repair and leadership development, SOS seeks to be a participant in restoring God's Kingdom on earth through proclaiming this good news to a hurting world.
Mission statement
SOS exists to glorify God by proclaiming the gospel of Jesus Christ in underserved neighborhoods through home repair and leadership development.
Statement of faith
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 592 of 1010 | 38 of 73 |
| Fund acquisition rating | | 332 of 1012 | 19 of 73 |
| Resource allocation rating | | 445 of 1012 | 35 of 73 |
| Asset utilization rating | | 874 of 1010 | 59 of 73 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 6% | 7% | 7% | 6% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 5% | 4% | 4% | 4% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 79% | 80% | 55% | 52% | 56% | 62% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 4% | 4% | 4% | 3% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 21% | 20% | 45% | 48% | 44% | 38% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 81% | 81% | 82% | 84% | 84% | 86% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 110% | 109% | 107% | 105% | 102% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 89% | 90% | 89% | 88% | 87% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | -10% | -9% | -7% | -5% | -2% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 8% | -3% | -3% | -3% | -2% | -1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 15% | 14% | 13% | 12% | 11% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.85 | 0.35 | 0.40 | 0.40 | 0.41 | 0.54 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.98 | 3.24 | 3.23 | 3.12 | 3.48 | 6.41 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.75 | 1.14 | 1.30 | 1.25 | 1.44 | 3.46 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.53 | 25.24 | 11.17 | 20.36 | 12.42 | 7.29 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.09 | 0.04 | 0.09 | 0.05 | 0.08 | 0.14 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.46 | 10.08 | 8.42 | 9.15 | 7.67 | 2.99 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 13% | 1% | 3% | 2% | 2% | 2% |
Debt ratio Debt ratio = Debt / Total assets | 3% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 87% | 280% | 242% | 246% | 236% | 181% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $557,254 | $610,749 | $600,434 | $598,045 | $76,593 |
| Receivables, inventories, prepaids | $142,088 | $156,143 | $239,590 | $263,555 | $210,426 |
| Short-term investments | $393,686 | $384,958 | $377,045 | $221,221 | $215,320 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,093,028 | $1,151,850 | $1,217,069 | $1,082,821 | $502,339 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $2,452,247 | $2,563,650 | $2,570,701 | $2,626,476 | $2,719,980 |
| Other long-term assets | $0 | $0 | $6,500 | $58,101 | $0 |
| Total long-term assets | $2,452,247 | $2,563,650 | $2,577,201 | $2,684,577 | $2,719,980 |
| Total assets | $3,545,275 | $3,715,500 | $3,794,270 | $3,767,398 | $3,222,319 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $33,756 | $54,479 | $51,289 | $87,196 | $30,601 |
| Other current liabilities | $9,550 | $48,625 | $8,500 | $0 | $38,270 |
| Total current liabilities | $43,306 | $103,104 | $59,789 | $87,196 | $68,871 |
| 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 | $43,306 | $103,104 | $59,789 | $87,196 | $68,871 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $2,973,146 | $3,073,795 | $3,091,374 | $3,135,116 | $3,153,448 |
| With donor restrictions | $528,823 | $538,601 | $643,107 | $545,086 | $0 |
| Net assets | $3,501,969 | $3,612,396 | $3,734,481 | $3,680,202 | $3,153,448 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $906,126 | $757,766 | $741,332 | $826,129 | $1,053,538 |
| Program service revenue | $89,215 | $600,053 | $649,959 | $618,726 | $631,504 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $144,089 | $14,241 | $30,455 | $42,311 | $25,156 |
| Total other revenue | $233,304 | $614,294 | $680,414 | $661,037 | $656,660 |
| Total revenue | $1,139,430 | $1,372,060 | $1,421,746 | $1,487,166 | $1,710,198 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $1,008,925 | $1,228,125 | $1,268,187 | $1,312,817 | $1,494,366 |
| Management and general | $189,061 | $209,971 | $195,040 | $190,799 | $189,772 |
| Fundraising | $51,871 | $56,049 | $54,269 | $53,318 | $55,990 |
| Total expenses | $1,249,857 | $1,494,145 | $1,517,496 | $1,556,934 | $1,740,128 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | ($110,427) | ($122,085) | ($95,750) | ($69,768) | ($29,930) |
| Other changes in net assets | $0 | $0 | $150,029 | $51,436 | $0 |
| Total change in net assets | ($110,427) | ($122,085) | $54,279 | ($18,332) | ($29,930) |
Compensation
| Name | Title | Compensation |
| Philip Walkley | Executive Director | $85,187 |
Compensation data as of: 9/30/2020
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 8/4/2021. To update the information below, please email: info@ministrywatch.com
History
In 1986 Christ Church in Memphis, TN launched SOS as a means to meet the needs of some of our city's most vulnerable homeowners. Since then, SOS has repaired more than 1,000 homes in Memphis with more than 25,000 volunteers.
Today SOS operates as its own independent 501(c)3 non-profit Christian organization. Our strategy involves focusing on specific neighborhoods and partnering with homeowners and organizations in those communities. We currently serve the Memphis neighborhoods of Binghampton, The Heights, and Orange Mound.
Through partnerships with other organizations and residents within the communities we serve, SOS is playing a vital role in the holistic Christian community development of these neighborhoods.