Springs Rescue Mission

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/21/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

While we seek to meet the immediate needs of our homeless neighbors, our ultimate goal is to provide the support and tools necessary to create lasting change. Sometimes, with some patience, faith, and a lot of love, we see lives completely transformed.


Contact information

Mailing address:
5 W. Las Vegas Street
Colorado Springs, CO 80903

Website: springsrescuemission.org/

Phone: (719) 632-1822

Email: Info@SpringsRescueMission.org


Organization details

EIN: 841340824

CEO/President: Larry Yonker

Chairman: Mr. Mark White

Board size: 13

Founder: Paul & Marilyn Vyzourek

Year founded: 1996

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2005


Purpose

To see lives transformed and filled with hope as our community works together to fight homelessness, poverty and addiction.


Mission statement

Because of our love for and obedience to God, our mission is to mobilize the community to provide Housing, Health and Work services.


Statement of faith

Springs Rescue Mission uses the Nicene Creed as its statement of faith: We believe in one God, the Father, the Almighty, maker of heaven and earth, of all that is seen and unseen. We believe in one Lord, Jesus Christ, the only Son of God, eternally begotten of the Father, God from God, Light from Light, true God from true God, begotten, not made, one in Being with the Father. Through him all things were made. For us men and for our salvation he came down from heaven: by the power of the Holy Spirit he was born of the Virgin Mary, and became man. For our sake he was crucified under Pontius Pilate, he suffered, died, and was buried. On the third day he rose again in fulfillment of the Scriptures; he ascended into heaven and is seated at the right hand of the Father. He will come again in glory to judge the living and the dead, and his kingdom will have no end. We believe in the Holy Spirit, the Lord, the giver of life, who proceeds from the Father and the Son. With the Father and the Son he is worshiped and glorified. He has spoken through the Prophets. We believe in one holy catholic and apostolic Church. We acknowledge one baptism for the forgiveness of sins. We look for the resurrection of the dead and the life of the world to come. Amen.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating188 of 81746 of 150
Fund acquisition rating293 of 81753 of 150
Resource allocation rating276 of 81755 of 150
Asset utilization rating265 of 81759 of 150

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%8%8%6%11%15%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%7%8%6%11%14%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%96%97%98%98%95%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%8%8%9%14%15%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%4%3%2%2%5%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%82%79%77%71%74%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%99%92%65%77%95%
Program output ratio Program output ratio =
Program services /
Total revenue
76%81%73%50%54%70%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%1%8%35%23%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%1%8%48%44%14%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%11%13%14%15%11%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.620.720.710.651.001.36
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.906.0113.5211.3610.728.63
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.494.349.597.4110.7311.71
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.925.222.091.232.682.21
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.190.480.810.370.45
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.132.240.650.310.700.56
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%27%27%27%33%42%
Debt ratio Debt ratio =
Debt /
Total assets
0%24%23%18%26%33%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%101%103%112%67%42%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$2,855,904$746,251$1,129,127$403,650$484,293
Receivables, inventories, prepaids$330,266$637,007$363,354$492,481$241,906
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$3,186,170$1,383,258$1,492,481$896,131$726,199
Long-term investments$0$0$0$0$0
Fixed assets$15,732,354$17,074,008$15,458,744$8,680,484$5,540,097
Other long-term assets$241,475$241,475$0$32,500$0
Total long-term assets$15,973,829$17,315,483$15,458,744$8,712,984$5,540,097
Total assets$19,159,999$18,698,741$16,951,225$9,609,115$6,266,296
 
Liabilities20192018201720162015
Payables and accrued expenses$511,415$561,393$1,209,527$333,937$328,172
Other current liabilities$98,879$98,879$0$0$0
Total current liabilities$610,294$660,272$1,209,527$333,937$328,172
Debt$4,577,805$4,252,770$3,081,294$2,536,837$2,043,951
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$73,125$69,581$286,204$282,985$279,918
Total long-term liabilities$4,650,930$4,322,351$3,367,498$2,819,822$2,323,869
Total liabilities$5,261,224$4,982,623$4,577,025$3,153,759$2,652,041
 
Net assets20192018201720162015
Unrestricted$12,964,123$11,359,992$8,794,693$4,098,269$3,515,713
Temporarily restricted$0$2,356,126$3,579,507$2,357,087$98,542
Permanently restricted$934,652$0$0$0$0
Net assets$13,898,775$13,716,118$12,374,200$6,455,356$3,614,255
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$13,481,240$13,930,810$16,650,018$12,246,703$8,516,572
Program service revenue$450,500$398,470$355,845$274,415$168,633
Membership dues$0$0$0$0$0
Investment income$116,108$32,181$11,380$9,491$12,293
Other revenue($52,214)$32,364($44,914)($63,428)$298,403
Total other revenue$514,394$463,015$322,311$220,478$479,329
Total revenue$13,995,634$14,393,825$16,972,329$12,467,181$8,995,901
 
Expenses20192018201720162015
Program services$11,309,898$10,483,296$8,462,210$6,783,236$6,265,881
Management and general$1,462,896$1,663,327$1,589,612$1,479,388$964,225
Fundraising$1,040,183$1,125,051$1,001,663$1,353,556$1,275,517
Total expenses$13,812,977$13,271,674$11,053,485$9,616,180$8,505,623
 
Change in net assets20192018201720162015
Surplus (deficit)$182,657$1,122,151$5,918,844$2,851,001$490,278
Other changes in net assets$0$0$0$0$0
Total change in net assets$182,657$1,122,151$5,918,844$2,851,001$490,278

Compensation

NameTitleCompensation
Larry YonkerCEO$165,617
Terry AndersonCOO$131,908
Travis WilliamsCDO$108,788
Steve SelfCFO (Part Year)$103,237
Matthew YeadonVP Finance$76,688

Compensation data as of: 6/30/2019


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 12/21/2020. To update the information below, please email: info@ministrywatch.com


History

In 1996, our founders began providing sandwiches to homeless people in Colorado Springs in parks and under bridges. At the same time, they began inviting young homeless couples to stay in their home to give them a head start on life-change. Soon after, they opened a food pantry in one room of a small building. These humble beginnings rapidly grew into a wide range of programs intended to serve the 27,000 households living below the poverty line in the Pikes Peak region.

Today, we maintain a Four Star "Exceptional Charity" rating with Charity Navigator and have received awards for excellence from the El Pomar Foundation in its human services category, an award for collaboration from Pikes Peak United Way in 2015, recognition for invaluable community contributions in the House of Representatives from Congressman Doug Lamborn, and endorsements from three Colorado Springs Mayors, Springs Rescue Mission's unique offering of relief and rehabilitation programs is a recognized and invaluable part of the Colorado Springs community.


Program accomplishments

We're on a mission to help our neighbors in the Pikes Peak Region find hope by providing for those in need. Last year we helped with:

204,905 meals

3,219 homeless men and women sheltered

58,123 job training hours

4,801 case management sessions


Needs