Chalmers Center for Economic Development at Covenant College

The information on this page was last updated 1/29/2025. If you see errors or omissions, please email: [email protected]


Summary

We help shape the way churches and Christian nonprofits think about and respond to poverty.


Contact information

Mailing address:
Chalmers Center
1500 Chestnut St
Suite 106
Chattanooga, TN 37408

Website: chalmers.org

Phone: 706.956.4119

Email: [email protected]


Organization details

EIN: 272341083

CEO/President: Coy Buckley

Chairman: Craig Stephenson

Board size: 9

Founder: Dr. Brian Fikkert

Ruling year: 2010

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2014


Purpose

We equip local churches to address the broken relationships at the root of poverty, living out Jesus' Kingdom today.


Mission statement


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating884 of 111876 of 108
Fund acquisition rating1077 of 1119100 of 108
Resource allocation rating1049 of 111996 of 108
Asset utilization rating131 of 111812 of 108

Financial ratios

Funding ratiosSector median20242023202220212020
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%19%24%23%16%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%17%21%20%15%13%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%88%87%86%89%91%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%19%18%17%12%12%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%12%13%14%11%9%
 
Operating ratiosSector median20242023202220212020
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%67%70%76%80%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%87%117%116%118%111%
Program output ratio Program output ratio =
Program services /
Total revenue
83%58%82%88%94%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%13%-17%-16%-18%-11%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%79%-336%-70%-42%-20%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%13%12%7%8%9%
 
Investing ratiosSector median20242023202220212020
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.943.5110.794.222.351.70
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.911.001.031.021.011.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.153.5211.134.312.371.71
 
Liquidity ratiosSector median20242023202220212020
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.043.211.795.506.547.33
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.310.560.180.150.14
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.062.350.482.284.286.05
 
Solvency ratiosSector median20242023202220212020
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%31%54%18%15%14%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
83%20%4%19%36%51%

Financials

Balance sheet
 
Assets20242023202220212020
Cash$861,335$230,551$497,680$718,530$1,152,626
Receivables, inventories, prepaids$65,607$48,166$185,353$422,871$435,739
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$926,942$278,717$683,033$1,141,401$1,588,365
Long-term investments$0$0$0$0$0
Fixed assets$2,724$8,632$15,108$10,563$14,762
Other long-term assets$0$0$0$0$0
Total long-term assets$2,724$8,632$15,108$10,563$14,762
Total assets$929,666$287,349$698,141$1,151,964$1,603,127
 
Liabilities20242023202220212020
Payables and accrued expenses$186,191$127,070$124,263$171,092$160,273
Other current liabilities$102,452$28,714$0$3,458$56,495
Total current liabilities$288,643$155,784$124,263$174,550$216,768
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$288,643$155,784$124,263$174,550$216,768
 
Net assets20242023202220212020
Without donor restrictions($84,379)($82,812)$109,576$110,233$5,552
With donor restrictions$725,402$214,377$464,302$867,181$1,380,807
Net assets$641,023$131,565$573,878$977,414$1,386,359
 
Revenues and expenses
 
Revenue20242023202220212020
Total contributions$3,339,640$2,310,766$2,178,654$2,036,700$2,236,235
Program service revenue$399,100$318,425$333,102$236,666$170,683
Membership dues$0$0$0$0$0
Investment income$0$0$0$26$2,390
Other revenue$35,226$29,772$28,283$26,522$39,649
Total other revenue$434,326$348,197$361,385$263,214$212,722
Total revenue$3,773,966$2,658,963$2,540,039$2,299,914$2,448,957
 
Expenses20242023202220212020
Program services$2,192,792$2,174,877$2,247,897$2,167,696$2,163,531
Management and general$437,340$363,118$196,708$207,385$239,250
Fundraising$634,376$563,281$498,970$333,778$316,927
Total expenses$3,264,508$3,101,276$2,943,575$2,708,859$2,719,708
 
Change in net assets20242023202220212020
Surplus (deficit)$509,458($442,313)($403,536)($408,945)($270,751)
Other changes in net assets$0$0$0$0$0
Total change in net assets$509,458($442,313)($403,536)($408,945)($270,751)

Compensation

NameTitleCompensation
Michael BriggsChief Development Officer$165,439
Rob PorterVP of Generosity$142,447
Brian FikkertFounder, Ambassador, President (Part Year), Director$27,692
Kevin O'NealChief Operating Officer$26,830

Compensation data as of: 6/30/2024


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 1/29/2025. To update the information below, please email: [email protected]


History


Program accomplishments

Over 500,000 copies of When Helping Hurts sold

Equipped 30K+ churches and nonprofits worldwide

Served over 1 million people in poverty


Needs