Hope Center Ministries 
The information on this page was last updated 6/7/2023. If you see errors or omissions, please email: [email protected]
Summary
Hope Center Ministries is a non-profit organization that operates a Christ-centered recovery program
Contact information
Mailing address:
Hope Center Ministries
P.O. Box 641
Bethany, OK 73008
Website: www.hopecm.com
Phone: (833) 697-1947
Email: [email protected]
Organization details
EIN: 208934436
CEO/President: Joshua Hannah
Chairman:
Board size: 6
Founder:
Ruling year: 2007
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2023
Purpose
We are a long-term residential discipleship program. Substance abuse is destroying the lives of countless individuals and their families. We at Hope Center exist to show them the way to true freedom over addiction, just as John the Baptist prepared the way for Christ. Our program uses biblical principles along with a spiritual 12 step program to prepare each individual for an encounter with Christ. It is our firm belief that sobriety is a biproduct of a relationship with Jesus and we have made it our cause to not stop until every addict is a devout follower of Christ.
Mission statement
Hope Center Ministries exists to lead addicts and their families to become fully devoted followers of Christ
Statement of faith
Donor confidence score
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 | | 512 of 1092 | 60 of 144 |
| Fund acquisition rating | | 334 of 1095 | 39 of 144 |
| Resource allocation rating | | 452 of 1095 | 52 of 144 |
| Asset utilization rating | | 790 of 1092 | 114 of 144 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 3% | 4% | 2% | 0% | 3% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 9% | 1% | 1% | 1% | 0% | 1% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 32% | 29% | 29% | 18% | 22% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 1% | 2% | 1% | 0% | 1% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | 68% | 71% | 71% | 82% | 78% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 82% | 79% | 78% | 73% | 71% |
Spending ratio Spending ratio = Total expenses / Total revenue | 86% | 63% | 70% | 74% | 75% | 83% |
Program output ratio Program output ratio = Program services / Total revenue | 68% | 52% | 55% | 57% | 55% | 58% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 14% | 37% | 30% | 26% | 25% | 17% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 9% | 46% | 40% | 42% | 45% | 39% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 16% | 20% | 21% | 27% | 29% |
| Investing ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.52 | 0.45 | 0.48 | 0.58 | 0.79 | 0.89 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.61 | 4.46 | 3.95 | 3.29 | 2.70 | 3.60 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.62 | 2.02 | 1.87 | 1.92 | 2.13 | 3.22 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.13 | 13.09 | 14.17 | 18.50 | 57.30 | 12.27 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.08 | 0.07 | 0.05 | 0.02 | 0.08 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.85 | 5.50 | 5.95 | 5.92 | 5.53 | 3.42 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 7% | 41% | 48% | 51% | 42% | 52% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 39% | 46% | 49% | 41% | 49% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 167% | 131% | 109% | 84% | 73% | 54% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cash | $3,445,429 | $2,558,495 | $1,774,210 | $968,301 | $547,498 |
| Receivables, inventories, prepaids | $827,980 | $425,170 | $512,188 | $410,643 | $130,489 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $4,273,409 | $2,983,665 | $2,286,398 | $1,378,944 | $677,987 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $14,735,749 | $8,725,847 | $5,172,468 | $2,250,019 | $1,692,316 |
| Other long-term assets | $58,058 | $61,936 | $65,552 | $97,026 | $72,873 |
| Total long-term assets | $14,793,807 | $8,787,783 | $5,238,020 | $2,347,045 | $1,765,189 |
| Total assets | $19,067,216 | $11,771,448 | $7,524,418 | $3,725,989 | $2,443,176 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $326,375 | $210,585 | $123,566 | $24,067 | $55,239 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $326,375 | $210,585 | $123,566 | $24,067 | $55,239 |
| Debt | $7,478,992 | $5,439,908 | $3,705,817 | $1,545,799 | $1,209,127 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $7,478,992 | $5,439,908 | $3,705,817 | $1,545,799 | $1,209,127 |
| Total liabilities | $7,805,367 | $5,650,493 | $3,829,383 | $1,569,866 | $1,264,366 |
| Net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $10,991,420 | $5,975,600 | $3,482,942 | $1,840,977 | $957,740 |
| With donor restrictions | $270,429 | $145,355 | $212,093 | $315,146 | $221,070 |
| Net assets | $11,261,849 | $6,120,955 | $3,695,035 | $2,156,123 | $1,178,810 |
| Revenues and expenses | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $4,353,673 | $2,286,901 | $1,723,602 | $702,334 | $576,393 |
| Program service revenue | $8,965,381 | $5,585,517 | $3,898,937 | $2,959,495 | $1,884,936 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $179,144 | $19,268 | $9,462 | ($5,254) | $11,778 |
| Other revenue | $259,293 | $127,273 | $294,436 | $261,366 | $170,920 |
| Total other revenue | $9,403,818 | $5,732,058 | $4,202,835 | $3,215,607 | $2,067,634 |
| Total revenue | $13,757,491 | $8,018,959 | $5,926,437 | $3,917,941 | $2,644,027 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| Program services | $7,086,017 | $4,403,761 | $3,406,448 | $2,152,524 | $1,545,425 |
| Management and general | $1,421,435 | $1,094,595 | $940,446 | $788,104 | $623,544 |
| Fundraising | $109,145 | $94,683 | $40,631 | $0 | $17,349 |
| Total expenses | $8,616,597 | $5,593,039 | $4,387,525 | $2,940,628 | $2,186,318 |
| Change in net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | $5,140,894 | $2,425,920 | $1,538,912 | $977,313 | $457,709 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $5,140,894 | $2,425,920 | $1,538,912 | $977,313 | $457,709 |
Compensation
| Name | Title | Compensation |
| Joshua Hannah | President | $258,848 |
| Teresa Thornton | CFO | $82,188 |
| Conrad Lowe | Board Member & Consultant | $47,500 |
Compensation data as of: 12/31/2021
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 6/7/2023. To update the information below, please email: [email protected]
History
Program accomplishments
In the last few months, Hope Center exceeded 1,000 recovery volunteers who serve as mentors, Bible study teachers, and group facilitators. Many others volunteer in roles that we do not track, which means we could easily have well over 1,100 volunteers nationwide. We will soon cross the 1,000-bed capacity barrier. Our 34 locations are in 13 states, have more than 1,300 graduates, and we anticipate reaching 1,000 baptisms in 2022. We expect to add 6 or more locations by year end and will continue to grow to meet the need for recovery that is needed now more than ever.