Vapor Ministries

The information on this page was last updated 2/16/2023. If you see errors or omissions, please email: [email protected]


Summary

Together, we are bringing life to communities dying from extreme poverty. When you support the agricultural initiatives at our centers, families learn how to grow food to nourish themselves.


Contact information

Mailing address:
Vapor Ministries
338 Talladega Springs Rd
Sylacauga, AL 35151

Website: vaporministries.org

Phone: 256-208-2060

Email: [email protected]


Organization details

EIN: 264463549

CEO/President: Micah McElveen

Chairman: Kenneth H. Polk, CPA, CFP

Board size: 7

Founder: Micah McElveen

Ruling year: 2009

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2019


Purpose


Mission statement

Vapor Ministries establishes sustainable centers for alleviating poverty and multiplying disciples in third-world environments.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating927 of 1102124 of 144
Fund acquisition rating434 of 110362 of 144
Resource allocation rating901 of 1103120 of 144
Asset utilization rating1008 of 1102134 of 144

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%5%5%4%5%4%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%5%5%4%5%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%99%98%100%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%5%8%5%5%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%1%2%0%1%1%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%75%73%79%78%77%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%89%68%75%96%101%
Program output ratio Program output ratio =
Program services /
Total revenue
81%66%49%59%74%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%11%32%25%4%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%12%40%37%7%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%20%20%17%17%20%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.330.700.811.051.541.47
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.192.231.281.542.302.72
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.941.551.041.623.533.99
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
18.55174.0938.5521.4916.8713.66
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.010.030.050.060.07
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.727.6811.297.063.202.79
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%26%4%5%3%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
67%106%119%90%63%66%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$4,451,094$5,305,525$2,567,192$1,038,280$690,196
Receivables, inventories, prepaids$635,891$649,763$441,321$202,719$283,308
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$5,086,985$5,955,288$3,008,513$1,240,999$973,504
Long-term investments$106,365$67,880$70,002$0$0
Fixed assets$3,376,462$1,626,291$1,544,671$1,612,248$1,643,649
Other long-term assets$2,789,761$48$0$0$28,650
Total long-term assets$6,272,588$1,694,219$1,614,673$1,612,248$1,672,299
Total assets$11,359,573$7,649,507$4,623,186$2,853,247$2,645,803
 
Liabilities20222021202020192018
Payables and accrued expenses$29,220$154,481$139,966$73,545$71,243
Other current liabilities$0$0$0$0$0
Total current liabilities$29,220$154,481$139,966$73,545$71,243
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$2,973,213$127,885$79,497$0$0
Total long-term liabilities$2,973,213$127,885$79,497$0$0
Total liabilities$3,002,433$282,366$219,463$73,545$71,243
 
Net assets20222021202020192018
Without donor restrictions$6,484,601$3,554,160$3,128,358$2,261,366$2,269,566
With donor restrictions$1,872,539$3,812,981$1,275,365$518,336$304,994
Net assets$8,357,140$7,367,141$4,403,723$2,779,702$2,574,560
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$8,794,616$8,970,716$6,468,595$4,558,482$3,819,639
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income($26,973)($1,558)$0$367$13
Other revenue$128,517$160,412$30,364$27,098$21,427
Total other revenue$101,544$158,854$30,364$27,465$21,440
Total revenue$8,896,160$9,129,570$6,498,959$4,585,947$3,841,079
 
Expenses20222021202020192018
Program services$5,913,852$4,485,610$3,830,955$3,403,404$2,981,200
Management and general$1,572,760$1,218,006$812,733$752,849$764,732
Fundraising$419,549$462,536$231,250$224,552$139,475
Total expenses$7,906,161$6,166,152$4,874,938$4,380,805$3,885,407
 
Change in net assets20222021202020192018
Surplus (deficit)$989,999$2,963,418$1,624,021$205,142($44,328)
Other changes in net assets$0$0$0$0$0
Total change in net assets$989,999$2,963,418$1,624,021$205,142($44,328)

Compensation

NameTitleCompensation
Jonathon McElveenChief Exec O$77,881
Baker EllisChief Financ$70,073
Josh FirthVP Donor Dev$26,856
Conor GallagherChief Financ$14,885

Compensation data as of: 12/31/2022


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 2/16/2023. To update the information below, please email: [email protected]


History

Micah was a three-sport athlete who had dreams of grid iron splendor and loved to surf. He had no idea that a family trip to the beach, would nearly send him to the grave. On October 9, 1995, a stranger found Micah's lifeless body floating face down in the surf. "I remember feeling a shock rush through my body as soon as my head hit the water. I had dived into big waves a hundred times before, but this time I knew something was wrong." Micah shattered four vertebrae in his neck, was immediately rendered quadriplegic, and he flatlined. His body was loaded onto a life flight and transported to Tampa General Hospital.

"I shouldn't be here today, simple as that. God gave me a second chance at life. He showed me that it was fragile, short, like a vapor."

Intense rehab and the grace of God allowed Micah to recover use of his legs and partial use of his arms. No longer able to play football, Micah honed his skills in soccer.

"I had a different focus now. My goal was to help people in physical and spiritual need. I was drawn to people trapped in difficult situations," remembers Micah. In grad school, he traveled to Africa where he saw extreme poverty on a level like no other. He fell in love with the people and his heart broke for their plight. Micah recalls, "It's hard to describe what happened inside of me. Poverty became personal. Statistics became names and faces. Their dire situation felt like my problem." He also found that soccer helped break through language & culture barriers quickly, an insight that would shape the future. As he prepared to leave Africa and started to process what he had seen, Micah came to a crossroads.

"I knew I would spend the rest of my life trying to forget what I saw, or spend the rest of my life trying to do something about it. God taught me life was a Vapor when I broke my neck. God taught me His heart for the lost & least when Africa broke my heart."

Wrestling in the tension between his plans for his life and a new stirring Micah began to consider what it would look like to live for those who were trapped in extreme poverty and had less access to the gospel. "I was fasting and praying, and then God downloaded the vision. I began to see an oasis in the middle of the slum where people could access clean water, medical assistance and basic entrepreneurial training . Where children could enroll in school and families no longer die from hunger. I could see a place where children youth and adults could come play the game they love and hear about the One who loves them."

So, Micah dropped out of school, moved into his car and traveled over 40,000 miles in 8 months sharing the vision with churches and anyone who would listen. In 2005, friends of Micah helped register Vapor Ministries as a non-profit while Micah's then girlfriend and now wife, Audrey, ran the back office from her dorm room. After assembling a board, crystalizing the vision and raising some capital, Micah returned to Africa to bring the vision to life. "Our goals were threefold, says Micah. "Oversee the construction of the center, develop the local indigenous team that would manage operations, and set up the systems and structure that would guide the ministry into the future and allow us to scale.

Micah selected 12 men from the church he partnered with in the slum and together they begin building the first center. Together they developed an additional 30 leaders in preparation of opening their first ministry center. In 2005, the first center was opened in Kawangware slum. Thousands came to the grand opening, and the team immediately began meeting needs and feeding souls on a large scale. Not only were people getting relief from the desperate poverty that entrapped them, but churches were starting to grow and flourish as new believers with local faith families.

Today, Vapor Ministries operates multiple ministry centers in multiple countries, serving hundreds of thousands on a weekly basis and employing hundreds of indigenous people. Each year, Vapor Ministries is serving tens of millions of cups of clean water, serving hundreds of thousands of meals through centers and providing health services to thousands of people in desperate need. Micah says, "We praise God for our partners that make this global impact a reality. It is our dream that God will use us to touch millions of people around the world. He's given us the model now we are praying for more partners. At the end of the day we have one life to live, and it's like a Vapor. We each have to answer the question, will we waste it, or invest it?"


Program accomplishments

Partners like you make it possible for over 50 million cups of clean water to be served every year in Jesus' name.
Over 200,000 health services are provided to children, youth, and adults each year through Vapor Ministries.
Over 2 million meals were served to people in dire situations in the last 2 years.
Over half a million gospel impressions made in the last year!


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