Sola Media / White Horse Inc

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/15/2022. To update the information in this column, please email: info@ministrywatch.com


Summary

Sola Media is home to Core Christianity, White Horse Inn, Modern Reformation, and Theo Global. We initiate and shape conversations that uphold the historic Christian faith "entrusted once for all the saints."


Contact information

Mailing address:
Sola Media
13230 Evening Creek Drive S
Suite 220-222
San Diego, CA 92128

Website: solamedia.org

Phone: 1-877-876-0989

Email: info@solamedia.org


Organization details

EIN: 270565982

CEO/President: Mark Green

Chairman: Jeff Mascott

Board size: 13

Founder: Michael Horton

Ruling year: 2011

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2015


Purpose

Core Christianity - Tough Questions Answered: The need of our time is to understand the essential truths of the Christian faith. Core Christianity's live radio broadcast, podcast, Bible studies, web articles, and free resources provide clarity on the Bible and the Christian life to a global audience of individuals and churches.

White Horse Inn - Conversational Theology: White Horse Inn continues its tradition of applying the rich resources of the Reformation to today's church in a weekly, multi-denominational roundtable discussion about theology and culture.

Modern Reformation - Thinking Theologically: Modern Reformation magazine weaves together conversation about theology and culture by exploring theological retrieval, conversation, persuasion, and engagement.

Theo Global - Theology Together: Theo Global fosters unprecedented theological conversations among scholars around the world through mutually beneficial collaborations and conferences focused on theological topics essential for the growing global church.


Mission statement

Sola Media-through Core Christianity, White Horse Inn, Modern Reformation, and Theo Global-endeavors to faithfully proclaim the truth of God's word all over the world in accessible and meaningful formats. We serve as a resource for churches and individuals, equipping them to proclaim truth.


Statement of faith

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating848 of 102239 of 53
Fund acquisition rating836 of 102444 of 53
Resource allocation rating779 of 102441 of 53
Asset utilization rating520 of 102220 of 53

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%13%19%11%9%19%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%14%19%10%9%19%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%105%96%94%96%96%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%18%20%8%9%25%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%-5%4%6%4%4%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%72%67%78%77%67%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%74%95%122%93%76%
Program output ratio Program output ratio =
Program services /
Total revenue
74%54%63%95%72%51%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%26%5%-22%7%24%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
9%42%9%-33%13%58%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%9%14%14%13%9%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.931.071.421.551.381.61
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.351.071.081.111.061.08
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.741.151.531.721.471.74
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.508.036.246.928.078.73
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.120.160.140.120.11
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.939.146.595.957.146.09
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%12%15%13%12%11%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
84%82%60%56%64%55%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$2,180,487$1,418,638$1,171,492$1,660,305$837,759
Receivables, inventories, prepaids$190,749$0$0$7,000$215,000
Short-term investments$5,017$0$50,879$0$364,956
Other current assets$0$0$0$0$0
Total current assets$2,376,253$1,418,638$1,222,371$1,667,305$1,417,715
Long-term investments$0$0$0$0$0
Fixed assets$170,638$105,465$130,970$101,644$113,409
Other long-term assets$0$7,013$6,084$6,360$2,779
Total long-term assets$170,638$112,478$137,054$108,004$116,188
Total assets$2,546,891$1,531,116$1,359,425$1,775,309$1,533,903
 
Liabilities20202019201820172016
Payables and accrued expenses$221,029$129,080$69,430$93,695$63,561
Other current liabilities$74,942$98,432$107,209$112,918$98,860
Total current liabilities$295,971$227,512$176,639$206,613$162,421
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$295,971$227,512$176,639$206,613$162,421
 
Net assets20202019201820172016
Without donor restrictions$2,097,706$618,145$200,247$264,055$412,950
With donor restrictions$153,214$685,459$982,539$1,304,641$958,532
Net assets$2,250,920$1,303,604$1,182,786$1,568,696$1,371,482
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$3,861,607$2,201,900$1,626,909$2,551,194$3,139,405
Program service revenue$91,234$87,412$93,744$100,709$121,985
Membership dues$0$0$0$0$0
Investment income$29,196$1,282$1,976$1,492$390
Other revenue($304,513)$0$0$0$0
Total other revenue($184,083)$88,694$95,720$102,201$122,375
Total revenue$3,677,524$2,290,594$1,722,629$2,653,395$3,261,780
 
Expenses20202019201820172016
Program services$1,975,428$1,447,435$1,642,061$1,898,752$1,652,054
Management and general$255,722$293,011$293,231$324,485$214,425
Fundraising$499,058$429,330$173,247$232,944$606,180
Total expenses$2,730,208$2,169,776$2,108,539$2,456,181$2,472,659
 
Change in net assets20202019201820172016
Surplus (deficit)$947,316$120,818($385,910)$197,214$789,121
Other changes in net assets$0$0$0$0$0
Total change in net assets$947,316$120,818($385,910)$197,214$789,121

Compensation

NameTitleCompensation
Mark GreenPresident$124,080
Michael HortonDirector$88,784

Compensation data as of: 6/30/2020


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 2/15/2022. To update the information below, please email: info@ministrywatch.com


History

Since our founding 1990 by Dr. Michael Horton, we have expanded from our original White Horse Inn radio show on KKLA in Los Angeles to a multimedia platform downloaded and distributed millions of times and in over 200 countries. With your support and prayers over the years, White Horse Inn, Modern Reformation magazine, Core Christianity, and our international efforts at Theo Global have grown substantially.

Beginning in December 2021, our parent organization name is changing from White Horse, Inc. to Sola Media to encompass and reflect each of these growing efforts. As Sola Media, our leadership and emphasis remain the same. We continue to stay rooted in Christ and his gospel articulated in the Christian confessions, proclaimed during the 16th century Protestant Reformation, and summarized in the five Solas of the Reformation: Scripture alone, by grace alone, through faith alone, through Christ alone, and for God's glory alone.

Through "conversational theology" we feature voices from four confessional Christian traditions-Anglicans, Baptists, Lutherans, and Reformed-without minimizing our differences but engaging in respectful dialogue while remaining united around the core truths of the gospel. With this clear focus on the teachings of our Lord Jesus Christ, together, we believe that we can and will see a modern reformation with Christ at the center of our lives and the global church.


Program accomplishments


Needs