Herald of Truth

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 79603-9603

Website: www.heraldoftruth.org

Phone: (325) 698-4370

Email: herald@abilene.com


Organization details

EIN: 752255925

CEO/President: Mr. Steve Thomas

Chairman: Mr. Vince Swinney

Board size: 7

Founder:

Year founded: 1952

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

Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating418 of 43048 of 50
Fund acquisition rating423 of 43048 of 50
Resource allocation rating424 of 43048 of 50
Asset utilization rating294 of 43033 of 50

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%63%60%69%44%20%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%20%37%35%20%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%33%61%50%46%59%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%27%28%31%18%26%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%67%39%50%54%41%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%39%38%38%31%37%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%75%131%110%116%46%
Program output ratio Program output ratio =
Program services /
Total revenue
81%29%49%42%36%17%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%25%-31%-10%-16%54%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%11%-9%-3%-5%31%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%34%34%31%51%37%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.320.320.330.320.330.24
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.531.011.011.011.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.530.320.330.330.330.24
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.10101.53110.0984.82153.01167.62
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.010.010.010.010.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.0636.7835.7336.3035.9849.04
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%6%8%9%8%9%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
64%294%278%282%278%377%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$175,439$126,423$146,479$467,180$850,959
Receivables, inventories, prepaids$29,560$27,479$19,780$27,352$15,362
Short-term investments$3,291,379$2,819,380$2,953,940$3,119,312$2,976,259
Other current assets$0$0$0$0$0
Total current assets$3,496,378$2,973,282$3,120,199$3,613,844$3,842,580
Long-term investments$0$0$0$0$0
Fixed assets$32,773$20,100$30,433$1,261$1,823
Other long-term assets$0$0$9,857$10,832$11,903
Total long-term assets$32,773$20,100$40,290$12,093$13,726
Total assets$3,529,151$2,993,382$3,160,489$3,625,937$3,856,306
 
Liabilities20172016201520142013
Payables and accrued expenses$34,436$27,007$36,784$23,618$22,924
Other current liabilities$0$0$0$0$0
Total current liabilities$34,436$27,007$36,784$23,618$22,924
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$170,665$215,636$251,149$278,575$314,116
Total long-term liabilities$170,665$215,636$251,149$278,575$314,116
Total liabilities$205,101$242,643$287,933$302,193$337,040
 
Net assets20172016201520142013
Unrestricted$3,009,307$2,469,519$2,627,467$3,069,886$3,299,738
Temporarily restricted$107,483$76,585$88,006$104,521$76,153
Permanently restricted$207,260$204,635$157,083$149,340$143,375
Net assets$3,324,050$2,750,739$2,872,556$3,323,744$3,519,266
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$490,288$462,310$467,227$480,563$1,191,675
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$180,551$133,597$187,126$177,396$194,015
Other revenue$828,817$159,427$274,083$378,722$641,471
Total other revenue$1,009,368$293,024$461,209$556,118$835,486
Total revenue$1,499,656$755,334$928,436$1,036,681$2,027,161
 
Expenses20172016201520142013
Program services$437,216$372,852$387,382$376,386$343,720
Management and general$385,225$337,868$311,555$609,175$350,030
Fundraising$307,148$278,930$320,379$211,860$240,825
Total expenses$1,129,589$989,650$1,019,316$1,197,421$934,575
 
Change in net assets20172016201520142013
Surplus (deficit)$370,067($234,316)($90,880)($160,740)$1,092,586
Other changes in net assets$0$0$0$0$0
Total change in net assets$370,067($234,316)($90,880)($160,740)$1,092,586

Response from ministry

No response has been provided by this ministry.


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