Sola Media / White Horse Inc

The information on this page was last updated 1/15/2024. If you see errors or omissions, please email: [email protected]


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: 877-876-0989

Email: [email protected]


Organization details

EIN: 270565982

CEO/President: Robert Olson

Chairman: Brian Esterly

Board size: 12

Founder: Michael Horton

Ruling year: 2011

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2015


Purpose

Our vision is to see reformation in hearts, homes, and churches around the world-so Christians know the good news of justification in Christ alone through faith alone and experience joy in the sufficiency of Christ, confidence in the assurance of salvation, freedom for their callings in the world, and relentless hope in Christ's coming kingdom. Soli Deo Gloria.


Mission statement

Sola Media serves today's global church by producing resources for reformation grounded in the historic Christian faith.


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 rating1029 of 110243 of 47
Fund acquisition rating1061 of 110347 of 47
Resource allocation rating1024 of 110343 of 47
Asset utilization rating624 of 110224 of 47

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%19%9%13%19%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%24%9%14%19%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%121%102%105%96%94%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%19%17%18%20%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%-21%-2%-5%4%6%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%70%71%72%67%78%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%127%52%74%95%122%
Program output ratio Program output ratio =
Program services /
Total revenue
74%89%37%54%63%95%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%-27%48%26%5%-22%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%-18%58%42%9%-33%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%11%12%9%14%14%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.730.780.591.071.421.55
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.451.681.721.071.081.11
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.401.311.011.151.531.72
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.478.579.988.036.246.92
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.120.100.120.160.14
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.498.1010.739.146.595.95
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%7%6%12%15%13%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
120%120%161%82%60%56%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$2,605,280$2,816,391$2,180,487$1,418,638$1,171,492
Receivables, inventories, prepaids$287,932$437,933$190,749$0$0
Short-term investments$0$48,625$5,017$0$50,879
Other current assets$0$0$0$0$0
Total current assets$2,893,212$3,302,949$2,376,253$1,418,638$1,222,371
Long-term investments$0$0$0$0$0
Fixed assets$163,794$209,077$170,638$105,465$130,970
Other long-term assets$1,816,757$2,162,793$0$7,013$6,084
Total long-term assets$1,980,551$2,371,870$170,638$112,478$137,054
Total assets$4,873,763$5,674,819$2,546,891$1,531,116$1,359,425
 
Liabilities20222021202020192018
Payables and accrued expenses$286,287$267,413$221,029$129,080$69,430
Other current liabilities$51,487$63,492$74,942$98,432$107,209
Total current liabilities$337,774$330,905$295,971$227,512$176,639
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1$1$0$0$0
Total long-term liabilities$1$1$0$0$0
Total liabilities$337,775$330,906$295,971$227,512$176,639
 
Net assets20222021202020192018
Without donor restrictions$2,014,895$2,952,509$2,097,706$618,145$200,247
With donor restrictions$2,521,093$2,391,404$153,214$685,459$982,539
Net assets$4,535,988$5,343,913$2,250,920$1,303,604$1,182,786
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$3,614,809$6,534,248$3,861,607$2,201,900$1,626,909
Program service revenue$66,377$68,880$91,234$87,412$93,744
Membership dues$0$0$0$0$0
Investment income($351,715)($58)$29,196$1,282$1,976
Other revenue($352,741)($185,698)($304,513)$0$0
Total other revenue($638,079)($116,876)($184,083)$88,694$95,720
Total revenue$2,976,730$6,417,372$3,677,524$2,290,594$1,722,629
 
Expenses20222021202020192018
Program services$2,654,547$2,358,716$1,975,428$1,447,435$1,642,061
Management and general$426,798$399,054$255,722$293,011$293,231
Fundraising$703,310$566,609$499,058$429,330$173,247
Total expenses$3,784,655$3,324,379$2,730,208$2,169,776$2,108,539
 
Change in net assets20222021202020192018
Surplus (deficit)($807,925)$3,092,993$947,316$120,818($385,910)
Other changes in net assets$0$0$0$0$0
Total change in net assets($807,925)$3,092,993$947,316$120,818($385,910)

Compensation

NameTitleCompensation
Mark GreenPresident$168,090
David Merchant$117,437
Christopher ThibodeauFinance Director$115,100
Michael HortonDirector$96,883

Compensation data as of: 6/30/2022


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 1/15/2024. To update the information below, please email: [email protected]


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