Herald of Truth

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/8/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Herald of Truth ("HOT") is a media ministry of the Highland Church of Christ. It aspires to bring the hope and promise of Jesus Christ to the world. HOT produces and distributes television programming, radio broadcasts, and printed material. It also provides local churches with printed and electronic media designed to reach local communities with the life-changing message of Jesus Christ. Herald of Truth's outreaches include Hope For Life's Journey, a TV program that reaches Russia, Spain, Mexico, Brazil, and Cuba. HOT also carries a family ministry that produces and distributes Christ-centered literature to help families with real life problems. Herald of Truth is overseen by the elders of the Highland Church of Christ in Abilene, Texas. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Contact information

Mailing address:
3444 N First Suite 400
PO Box 2439
Abilene, TX 79604

Website: www.heraldoftruth.org

Phone: 800-234-7995

Email: info@heraldoftruth.org


Organization details

EIN: 752255925

CEO/President: Greg Swindle

Chairman: Faires Austin

Board size: 11

Founder:

Ruling year: 1989

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Herald of Truth ("HOT") is a media ministry of the Highland Church of Christ. It aspires to bring the hope and promise of Jesus Christ to the world. HOT produces and distributes television programming, radio broadcasts, and printed material. It also provides local churches with printed and electronic media designed to reach local communities with the life-changing message of Jesus Christ. Herald of Truth's outreaches include Hope For Life's Journey, a TV program that reaches Russia, Spain, Mexico, Brazil, and Cuba. HOT also carries a family ministry that produces and distributes Christ-centered literature to help families with real life problems.

Herald of Truth is overseen by the elders of the Highland Church of Christ in Abilene, Texas. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Mission statement

Herald of Truth describes its mission as follows:

To bring the hope and promise of Jesus Christ to the world.


Statement of faith

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating981 of 99951 of 52
Fund acquisition rating999 of 100152 of 52
Resource allocation rating999 of 100152 of 52
Asset utilization rating715 of 99933 of 52

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%81%63%60%69%44%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%44%20%37%35%20%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%54%33%61%50%46%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%28%27%28%31%18%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%46%67%39%50%54%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%35%39%38%38%31%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%155%75%131%110%116%
Program output ratio Program output ratio =
Program services /
Total revenue
78%54%29%49%42%36%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%-55%25%-31%-10%-16%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-16%11%-9%-3%-5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%37%34%34%31%51%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.900.420.320.330.320.33
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.421.011.011.011.011.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.760.420.320.330.330.33
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.7787.23101.53110.0984.82153.01
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.010.010.010.010.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.6128.0336.7835.7336.3035.98
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
15%6%6%8%9%8%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
86%225%294%278%282%278%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$97,634$175,439$126,423$146,479$467,180
Receivables, inventories, prepaids$22,310$29,560$27,479$19,780$27,352
Short-term investments$2,531,444$3,291,379$2,819,380$2,953,940$3,119,312
Other current assets$0$0$0$0$0
Total current assets$2,651,388$3,496,378$2,973,282$3,120,199$3,613,844
Long-term investments$0$0$0$0$0
Fixed assets$23,106$32,773$20,100$30,433$1,261
Other long-term assets$0$0$0$9,857$10,832
Total long-term assets$23,106$32,773$20,100$40,290$12,093
Total assets$2,674,494$3,529,151$2,993,382$3,160,489$3,625,937
 
Liabilities20182017201620152014
Payables and accrued expenses$30,396$34,436$27,007$36,784$23,618
Other current liabilities$0$0$0$0$0
Total current liabilities$30,396$34,436$27,007$36,784$23,618
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$124,332$170,665$215,636$251,149$278,575
Total long-term liabilities$124,332$170,665$215,636$251,149$278,575
Total liabilities$154,728$205,101$242,643$287,933$302,193
 
Net assets20182017201620152014
Without donor restrictions$2,225,721$3,009,307$2,469,519$2,627,467$3,069,886
With donor restrictions$294,045$314,743$281,220$245,089$253,861
Net assets$2,519,766$3,324,050$2,750,739$2,872,556$3,323,744
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$391,409$490,288$462,310$467,227$480,563
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$143,475$180,551$133,597$187,126$177,396
Other revenue$187,064$828,817$159,427$274,083$378,722
Total other revenue$330,539$1,009,368$293,024$461,209$556,118
Total revenue$721,948$1,499,656$755,334$928,436$1,036,681
 
Expenses20182017201620152014
Program services$390,843$437,216$372,852$387,382$376,386
Management and general$415,138$385,225$337,868$311,555$609,175
Fundraising$316,167$307,148$278,930$320,379$211,860
Total expenses$1,122,148$1,129,589$989,650$1,019,316$1,197,421
 
Change in net assets20182017201620152014
Surplus (deficit)($400,200)$370,067($234,316)($90,880)($160,740)
Other changes in net assets$0$0$0$0$0
Total change in net assets($400,200)$370,067($234,316)($90,880)($160,740)

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 3/8/2021. To update the information below, please email: info@ministrywatch.com


History

The Herald of Truth is an arm of the Highland Church of Christ, founded in 1903. The Highland Church carried on a variety of ministries during its early days, primarily focused on the local congregation.

In 1952, James Walter Nichols and James Willeford came to the elders with an idea. They envisioned a nation-wide radio program that would present the Word of God. They called their program Herald of Truth. The Highland elders were hesitant at first, but with the support of the membership and some men who personally underwrote the first expenses, Herald of Truth was born. Initially, James Walter Nichols was the featured speaker, often addressing the airways with a live telecast. The lessons were recorded on 78rpm records and sent to other radio stations for broadcasting.

During the early years, the Highland elders often came under fire by those who did not approve of cooperation between autonomous churches of Christ. These attacks precipitated the infamous Harper-Tant debates in Abilene and Lufkin, with Brother Harper, Highland's pulpit preacher, defending the Highland elders and Herald of Truth. In spite of these attacks, Herald of Truth was welcomed across the country.

Around 1971 the elders decided that the church would concentrate its mission efforts with the Herald of Truth in Spain, Portugal, and Mexico. Since the 1940s the church had supported as many as 14 different mission points around the world, mostly in Africa, the Far East, and Europe. In the United States of America, it supported rural churches in Utah and an evangelist with a mobile pulpit in New Jersey. Currently, the Herald of Truth continues to serve as an outreach through television, radio, magazines, and conferences.


Program accomplishments


Needs