Wyoming Rescue Mission 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/22/2020. To update the information in this column, please email: info@ministrywatch.com
Summary
We provide emergency shelter and meals to individuals in our community who are homeless or needy. We also offer a Christian Discipleship Program.
Contact information
Mailing address:
Wyoming Rescue Mission
PO Box 2030
Casper, WY 82602
Website: wyomission.org
Phone: 307-265-3002
Email: info@wyomission.org
Organization details
EIN: 742347412
CEO/President: Brad Hopkins
Chairman: Bryce True and Darrin Devine
Board size: 9
Founder: Rev. Munchler
Year founded: 1985
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2015
Purpose
Wyoming Rescue Mission will nurture sanctuaries of radical hospitality where the homeless and needy experience the transforming love of Jesus thus propelling the church into the lead role alleviating poverty in Wyoming.
Mission statement
The Wyoming Rescue Mission restores with the love of Christ those struggling with homelessness back to society as independent community members.
Statement of faith
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 726 of 940 | 127 of 160 |
| Fund acquisition rating | | 605 of 942 | 105 of 160 |
| Resource allocation rating | | 554 of 942 | 95 of 160 |
| Asset utilization rating | | 685 of 940 | 128 of 160 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 13% | 11% | 10% | 8% | 14% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 13% | 12% | 10% | 8% | 13% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 91% | 99% | 106% | 98% | 98% | 96% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 16% | 17% | 18% | 14% | 14% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 1% | -6% | 2% | 2% | 4% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 78% | 75% | 72% | 78% | 78% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 78% | 71% | 54% | 57% | 96% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 61% | 53% | 39% | 44% | 75% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | 22% | 29% | 46% | 43% | 4% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | 10% | 14% | 32% | 47% | 4% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 6% | 9% | 10% | 8% | 9% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.58 | 0.31 | 0.28 | 0.32 | 0.59 | 1.04 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.76 | 3.98 | 5.56 | 3.72 | 1.97 | 5.64 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.24 | 1.22 | 1.58 | 1.20 | 1.17 | 5.87 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.14 | 12.08 | 12.86 | 1.91 | 22.42 | 5.13 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.08 | 0.08 | 0.52 | 0.04 | 0.19 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.45 | 9.00 | 7.02 | 4.80 | 9.77 | 1.65 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 14% | 18% | 15% | 4% | 8% |
Debt ratio Debt ratio = Debt / Total assets | 1% | 12% | 16% | 1% | 2% | 5% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 141% | 280% | 291% | 265% | 161% | 88% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $1,686,793 | $872,021 | $1,488,185 | $1,998,145 | $314,721 |
| Receivables, inventories, prepaids | $159,408 | $269,266 | $373,393 | $116,017 | $88,721 |
| Short-term investments | $372,955 | $352,117 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,219,156 | $1,493,404 | $1,861,578 | $2,114,162 | $403,442 |
| Long-term investments | $0 | $0 | $424,260 | $400,354 | $391,345 |
| Fixed assets | $6,468,469 | $6,638,922 | $4,478,207 | $1,495,065 | $1,329,640 |
| Other long-term assets | $151,873 | $163,716 | $168,990 | $161,074 | $149,989 |
| Total long-term assets | $6,620,342 | $6,802,638 | $5,071,457 | $2,056,493 | $1,870,974 |
| Total assets | $8,839,498 | $8,296,042 | $6,933,035 | $4,170,655 | $2,274,416 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $134,275 | $116,168 | $972,561 | $94,299 | $78,593 |
| Other current liabilities | $49,456 | $0 | $0 | $0 | $0 |
| Total current liabilities | $183,731 | $116,168 | $972,561 | $94,299 | $78,593 |
| Debt | $1,060,768 | $1,338,348 | $74,598 | $90,000 | $110,000 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $1,060,768 | $1,338,348 | $74,598 | $90,000 | $110,000 |
| Total liabilities | $1,244,499 | $1,454,516 | $1,047,159 | $184,299 | $188,593 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $7,161,005 | $6,324,998 | $4,861,641 | $1,790,774 | $1,650,450 |
| With donor restrictions | $433,994 | $516,528 | $1,024,235 | $2,195,582 | $435,373 |
| Net assets | $7,594,999 | $6,841,526 | $5,885,876 | $3,986,356 | $2,085,823 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $3,420,768 | $3,521,025 | $4,033,246 | $4,301,537 | $2,361,285 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $28,785 | ($230,076) | $51,659 | $23,707 | $20,793 |
| Other revenue | $13,545 | $38,872 | $36,935 | $43,442 | $76,824 |
| Total other revenue | $42,330 | ($191,204) | $88,594 | $67,149 | $97,617 |
| Total revenue | $3,463,098 | $3,329,821 | $4,121,840 | $4,368,686 | $2,458,902 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $2,111,954 | $1,757,767 | $1,604,268 | $1,927,642 | $1,836,705 |
| Management and general | $165,448 | $204,686 | $222,606 | $195,341 | $211,027 |
| Fundraising | $435,559 | $390,277 | $397,842 | $357,223 | $320,705 |
| Total expenses | $2,712,961 | $2,352,730 | $2,224,716 | $2,480,206 | $2,368,437 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $750,137 | $977,091 | $1,897,124 | $1,888,480 | $90,465 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $750,137 | $977,091 | $1,897,124 | $1,888,480 | $90,465 |
Compensation
Compensation data for this ministry has not been collected.
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 12/22/2020. To update the information below, please email: info@ministrywatch.com
History
The Wyoming Rescue Mission (WRM) began ministering to the homeless in 1978. Founded by Rev. Munchler, Soul's Anchor, as it was then called, operated an emergency shelter from a storefront on CY Avenue. In 1991, Soul's Anchor moved into the newly acquired and renovated Park Street Hotel and opened the Central Wyoming Rescue Mission. Rev. Dan Gorman was hired as the new executive cirector in May of 1991.
In 1995, we purchased property across from the Park Street Hotel and placed two modular homes for the Discipleship Program, a Christ-centered transitional housing program for men. The Discipleship Program provided an opportunity to offer more in-depth services, in addition to basic emergency services. One year later, we opened Rescued Treasures Thrift Store to provide needed funding, as well as opportunities for program guests to learn valuable work skills and job readiness.
Rev. Carl Wolosin took over as executive director in 1998. The growing population of women and children in need led to the opening of the Women's Transformation Center in 2007. The Center houses the women's Emergency Services and Discipleship Recovery Programs.
Brad Hopkins was hired as the Executive Director in 2012. In 2017, we launched another needed expansion of our facilities and changed the name of our organization to Wyoming Rescue Mission.
The Wyoming Rescue Mission restores with the love of Christ those struggling with homelessness back to society as independent community members. Wyoming Rescue Mission will nurture sanctuaries of radical hospitality where the homeless and needy experience the transforming love of Jesus, thus propelling the church into the lead role alleviating poverty in Wyoming.