Service Over Self, Inc. 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 7/21/2020. 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.
Thousands of homes in Memphis are in shocking condition. Many are unsafe to live in. Elderly persons and families live in fear-dreading the next rain, the next cold snap, the next inflated utility bill due to poor insulation, or the next salesperson promising a quick fix for a small monthly payment. SOS is seeking to improve the housing conditions of disadvantaged persons in Memphis, TN. The organization is committed to providing free home repair service to deserving families in Memphis neighborhoods.
Contact information
Mailing address:
2505 Poplar Ave.
Memphis, TN 38112-8112
Website: www.sosmemphis.org
Phone: (901) 681-9044
Email: philip@sosmemphis.org
Organization details
EIN: 621760415
CEO/President: Mr. Philip Walkley
Chairman: Mr. Douglas Turner
Board size: 21
Founder:
Year founded: 1986
Tax deductible: Yes
Fiscal year end: 09/30
Member of ECFA: No
Member of ECFA since:
Purpose
Service Over Self (SOS) exists to glorify God by proclaiming the gospel of Jesus Christ in word and deed through urban home repair camps.
Thousands of homes in Memphis are in shocking condition. Many are unsafe to live in. Elderly persons and families live in fear-dreading the next rain, the next cold snap, the next inflated utility bill due to poor insulation, or the next salesperson promising a quick fix for a small monthly payment. SOS is seeking to improve the housing conditions of disadvantaged persons in Memphis, TN. The organization is committed to providing free home repair service to deserving families in Memphis neighborhoods.
Since 1986, more than 10,000 SOS volunteers have repaired hundreds of homes, working to make them safer, drier and warmer. SOS offers nine one-week sessions each summer for college, senior high and junior high groups. And SOS offers six one-week sessions each spring for college and senior high groups. Each session provides as many as 200 volunteers with urban home repair work each day, worship and God's Word each night.
Mission statement
Service Over Self uses the following to express its 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
Service Over Self uses the following to express its Statement of Faith:
1. We believe that the Bible is the divinely inspired Word of God. It is God's revelation of Himself to mankind. Therefore, the Bible is Truth and is our authority in all matters of our life and ministry. Please see 1 Thessalonians 2:13, 2 Timothy 3:16-17, and 2 Peter 1:21.
2. We believe in one God revealed in three persons. We believe God is our creator, and therefore, we are accountable to Him. We believe in God who is both equally and completely loving and holy. Please see Acts 17:24-27, Exodus 34:6-7, and 1 John 4:16.
3. We believe that sin entered the world through the Fall of Adam and Eve. We believe that all mankind is conceived and born in this lost and fallen state. We believe the result of this sin is death and eternal separation from God, our creator. Please see Genesis 3:1-6, Romans 5:12, 1John 1:8, Romans 3:23, Hebrews 9:27, Romans 6:23, Matthew 25:32,33,41.
4. We believe in the deity of Jesus Christ, His virgin birth, sinless life, death, bodily resurrection, personal return and present exaltation at God's right hand. Please see John 1:1-17, 1 John 3:5, Mark 16:19, Acts 1:11.
5. We believe in the resurrection of the saved to everlasting life and joy in heaven and the resurrection of the unsaved unto everlasting punishment. Please see Matthew 25:32-41, 2 Thessalonians 1:5-10, Revelation 20:15-Revelation 21:4.
6. We believe in salvation from God's punishment and to eternal life by God's grace through faith alone in the perfect life, substitutionary death and shed blood of Jesus Christ our Lord and Savoir. Please see 1 Peter 1:18-19, 1 Corinthians 15:3, 1 Peter 3:18.
7. We believe that God's great call and commission to His people is to live lives obedient to His Word and to go into all the world and preach the Good News of Jesus Christ to all people, baptizing and discipling all those who believe. Please see Matthew 28:19-20, Acts 1:8, 1 Thessalonians 4:1-7, 1 Peter 2:9.
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 | | 560 of 913 | 20 of 45 |
| Fund acquisition rating | | 367 of 915 | 15 of 45 |
| Resource allocation rating | | 371 of 915 | 17 of 45 |
| Asset utilization rating | | 803 of 913 | 37 of 45 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 7% | 7% | 6% | 5% | 7% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 7% | 4% | 4% | 4% | 3% | 4% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 81% | 55% | 52% | 56% | 62% | 54% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 7% | 4% | 4% | 3% | 3% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 19% | 45% | 48% | 44% | 38% | 46% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 82% | 84% | 84% | 86% | 85% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 109% | 107% | 105% | 102% | 118% |
Program output ratio Program output ratio = Program services / Total revenue | 78% | 90% | 89% | 88% | 87% | 101% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | -9% | -7% | -5% | -2% | -18% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | -3% | -3% | -2% | -1% | -8% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 14% | 13% | 12% | 11% | 12% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.75 | 0.40 | 0.40 | 0.41 | 0.54 | 0.49 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.72 | 3.23 | 3.12 | 3.48 | 6.41 | 6.52 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.69 | 1.30 | 1.25 | 1.44 | 3.46 | 3.22 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 9.10 | 11.17 | 20.36 | 12.42 | 7.29 | 7.66 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.10 | 0.09 | 0.05 | 0.08 | 0.14 | 0.13 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.94 | 8.42 | 9.15 | 7.67 | 2.99 | 3.24 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 14% | 3% | 2% | 2% | 2% | 2% |
Debt ratio Debt ratio = Debt / Total assets | 4% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 94% | 242% | 246% | 236% | 181% | 198% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $610,749 | $600,434 | $598,045 | $76,593 | $212,440 |
| Receivables, inventories, prepaids | $156,143 | $239,590 | $263,555 | $210,426 | $75,623 |
| Short-term investments | $384,958 | $377,045 | $221,221 | $215,320 | $209,922 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,151,850 | $1,217,069 | $1,082,821 | $502,339 | $497,985 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $2,563,650 | $2,570,701 | $2,626,476 | $2,719,980 | $2,750,445 |
| Other long-term assets | $0 | $6,500 | $58,101 | $0 | $0 |
| Total long-term assets | $2,563,650 | $2,577,201 | $2,684,577 | $2,719,980 | $2,750,445 |
| Total assets | $3,715,500 | $3,794,270 | $3,767,398 | $3,222,319 | $3,248,430 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $54,479 | $51,289 | $87,196 | $30,601 | $30,212 |
| Other current liabilities | $48,625 | $8,500 | $0 | $38,270 | $34,840 |
| Total current liabilities | $103,104 | $59,789 | $87,196 | $68,871 | $65,052 |
| 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 | $103,104 | $59,789 | $87,196 | $68,871 | $65,052 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Without donor restrictions | $3,073,795 | $3,091,374 | $3,135,116 | $3,153,448 | $3,183,378 |
| With donor restrictions | $538,601 | $643,107 | $545,086 | $0 | $0 |
| Net assets | $3,612,396 | $3,734,481 | $3,680,202 | $3,153,448 | $3,183,378 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $757,766 | $741,332 | $826,129 | $1,053,538 | $730,139 |
| Program service revenue | $600,053 | $649,959 | $618,726 | $631,504 | $597,540 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $14,241 | $30,455 | $42,311 | $25,156 | $29,683 |
| Total other revenue | $614,294 | $680,414 | $661,037 | $656,660 | $627,223 |
| Total revenue | $1,372,060 | $1,421,746 | $1,487,166 | $1,710,198 | $1,357,362 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $1,228,125 | $1,268,187 | $1,312,817 | $1,494,366 | $1,366,293 |
| Management and general | $209,971 | $195,040 | $190,799 | $189,772 | $190,074 |
| Fundraising | $56,049 | $54,269 | $53,318 | $55,990 | $48,182 |
| Total expenses | $1,494,145 | $1,517,496 | $1,556,934 | $1,740,128 | $1,604,549 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | ($122,085) | ($95,750) | ($69,768) | ($29,930) | ($247,187) |
| Other changes in net assets | $0 | $150,029 | $51,436 | $0 | $0 |
| Total change in net assets | ($122,085) | $54,279 | ($18,332) | ($29,930) | ($247,187) |
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 7/21/2020. To update the information below, please email: info@ministrywatch.com
History
Program accomplishments
2001 Accomplishments
37 homes, in distressed neighborhoods, were renovated by approximately 965 volunteers.