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

Year founded: 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

CategoryRatingOverall rankSector rank
Overall efficiency rating582 of 94031 of 59
Fund acquisition rating293 of 94214 of 59
Resource allocation rating445 of 94229 of 59
Asset utilization rating838 of 94048 of 59

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%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
77%80%55%52%56%62%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%4%4%4%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
23%20%45%48%44%38%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%81%82%84%84%86%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%110%109%107%105%102%
Program output ratio Program output ratio =
Program services /
Total revenue
76%89%90%89%88%87%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%-10%-9%-7%-5%-2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%-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 ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.860.350.400.400.410.54
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.723.243.233.123.486.41
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.751.141.301.251.443.46
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.2925.2411.1720.3612.427.29
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.130.040.090.050.080.14
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.8210.088.429.157.672.99
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%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
85%280%242%246%236%181%

Financials

Balance sheet
 
Assets20202019201820172016
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
 
Liabilities20202019201820172016
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 assets20202019201820172016
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
 
Revenue20202019201820172016
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
 
Expenses20202019201820172016
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 assets20202019201820172016
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

NameTitleCompensation
Philip WalkleyExecutive 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.


Program accomplishments


Needs