Strategic Resource Group

The information on this page was last updated 4/7/2023. If you see errors or omissions, please email: [email protected]

Summary

Provide resources to missionary organizations, indigenous churches and other Christian ministries.

Contact information

Mailing address:
Strategic Resource Group
PO Box 1809
Easton, MD 21601

Website:

Phone:

Email:

Organization details

EIN: 330780945

CEO/President: J Latture

Chairman: J Latture

Board size: 6

Founder:

Ruling year: 2000

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since:

Purpose

Mission statement

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: Evangelism Support

Category	Rating	Overall rank	Sector rank
Overall efficiency rating		96 of 1085	2 of 34
Fund acquisition rating		227 of 1088	8 of 34
Resource allocation rating		254 of 1088	3 of 34
Asset utilization rating		216 of 1085	8 of 34

Financial ratios

Funding ratios	Sector median	2021	2020	2019	2018	2017
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions	5%	3%	5%	6%	7%	8%
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue	5%	3%	4%	6%	7%	8%
Contributions reliance Contributions reliance = Total contributions / Total revenue	97%	98%	97%	100%	100%	100%
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses	5%	3%	6%	6%	7%	8%
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue	3%	2%	3%	0%	0%	0%

Operating ratios	Sector median	2021	2020	2019	2018	2017
Program expense ratio Program expense ratio = Program services / Total expenses	84%	93%	90%	90%	89%	90%
Spending ratio Spending ratio = Total expenses / Total revenue	91%	86%	80%	91%	98%	101%
Program output ratio Program output ratio = Program services / Total revenue	78%	80%	72%	82%	87%	91%
Savings ratio Savings ratio = Surplus (deficit) / Total revenue	9%	14%	20%	9%	2%	-1%
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets	11%	29%	48%	31%	10%	-4%
General and admin ratio General and admin ratio = Management and general expense / Total expenses	10%	4%	4%	4%	4%	2%

Investing ratios	Sector median	2021	2020	2019	2018	2017
Total asset turnover Total asset turnover = Total expenses / Total assets	1.02	1.80	1.90	3.10	4.28	4.47
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets	1.27	1.13	1.15	1.32	1.49	1.75
Current asset turnover Current asset turnover = Total expenses / Total current assets	1.44	2.04	2.18	4.08	6.36	7.82

Liquidity ratios	Sector median	2021	2020	2019	2018	2017
Current ratio Current ratio = Total current assets / Total current liabilities	41.78	45.93	32.78	17.32	11.87	7.18
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets	0.02	0.02	0.03	0.06	0.08	0.14
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12)	7.16	5.75	5.33	2.77	1.73	1.32

Solvency ratios	Sector median	2021	2020	2019	2018	2017
Liabilities ratio Liabilities ratio = Total liabilities / Total assets	5%	2%	3%	4%	6%	8%
Debt ratio Debt ratio = Debt / Total assets	0%	0%	0%	0%	0%	0%
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses	94%	54%	51%	31%	22%	21%

Financials

Balance sheet

Assets	2021	2020	2019	2018	2017
Cash	$7,690,065	$8,252,602	$4,356,423	$2,774,262	$2,139,091
Receivables, inventories, prepaids	$109,755	$108,376	$51,216	$91,030	$105,178
Short-term investments	$8,087,498	$2,236,358	$315,400	$0	$0
Other current assets	$0	$0	$0	$0	$0
Total current assets	$15,887,318	$10,597,336	$4,723,039	$2,865,292	$2,244,269
Long-term investments	$275	$275	$275	$275	$275
Fixed assets	$4,325	$3,928	$6,210	$6,242	$3,792
Other long-term assets	$2,076,342	$1,606,975	$1,481,574	$1,391,268	$1,675,958
Total long-term assets	$2,080,942	$1,611,178	$1,488,059	$1,397,785	$1,680,025
Total assets	$17,968,260	$12,208,514	$6,211,098	$4,263,077	$3,924,294

Liabilities	2021	2020	2019	2018	2017
Payables and accrued expenses	$261,662	$221,255	$272,628	$241,369	$312,720
Other current liabilities	$84,249	$101,989	$0	$0	$0
Total current liabilities	$345,911	$323,244	$272,628	$241,369	$312,720
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	$345,911	$323,244	$272,628	$241,369	$312,720

Net assets	2021	2020	2019	2018	2017
Without donor restrictions	$11,365,568	$5,598,986	$2,789,117	$3,224,272	$263,491
With donor restrictions	$6,256,781	$6,286,284	$3,149,353	$797,436	$3,348,083
Net assets	$17,622,349	$11,885,270	$5,938,470	$4,021,708	$3,611,574

Revenues and expenses

Revenue	2021	2020	2019	2018	2017
Total contributions	$36,932,006	$28,062,920	$21,103,073	$18,554,765	$17,426,646
Program service revenue	$0	$0	$0	$0	$0
Membership dues	$0	$0	$0	$0	$0
Investment income	$685,384	$734,560	$9,333	$47,780	($31,365)
Other revenue	($15,387)	$0	$0	$36,200	$11,910
Total other revenue	$669,997	$734,560	$9,333	$83,980	($19,455)
Total revenue	$37,602,003	$28,797,480	$21,112,406	$18,638,745	$17,407,191

Expenses	2021	2020	2019	2018	2017
Program services	$30,131,702	$20,847,658	$17,267,935	$16,221,827	$15,853,235
Management and general	$1,296,930	$1,012,949	$792,709	$707,799	$368,044
Fundraising	$986,017	$1,283,906	$1,208,595	$1,298,985	$1,337,471
Total expenses	$32,414,649	$23,144,513	$19,269,239	$18,228,611	$17,558,750

Change in net assets	2021	2020	2019	2018	2017
Surplus (deficit)	$5,187,354	$5,652,967	$1,843,167	$410,134	($151,559)
Other changes in net assets	$0	$0	$0	$0	$0
Total change in net assets	$5,187,354	$5,652,967	$1,843,167	$410,134	($151,559)

Compensation

Name	Title	Compensation
D Harriman	Rd Consultant	$150,000
T Cramer	Strategic Services	$150,000

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 4/7/2023. To update the information below, please email: [email protected]

Question	Response	Score
Does the organization have a statement of faith consistent with historic Christian creeds and is that statement of easily found on its website?	No	0/4
Does the board have no more than 2 non-independent members?	Yes	10/10
Does the board have at least four independent board members for every non-independent member?	Yes	4/4
Does the board contain between 5 and 11 members?	Yes	10/10
Does the organization file a Form 990 and make its Form 990 available to the public?	Yes	15/15
Does the organization make its audit or review (if annual revenue is more than $1-m) available on its website?	No	0/4
Is the organization a member of the ECFA?	No	0/9
Is the CEO/President's compensation within one standard deviation of the median compensation?	Yes	4/4
Did the organization operate at a net profit (revenue greater than expenses) in the most recent year?	Yes	4/4
Does the organization refrain from owning or leasing a private aircraft, or having fractional interest in one, that is primarily used for travel by the organization's leaders?	Yes	4/4
For the past five years, has the organization been free of any lawsuits or administrative actions filed against it by an employee, client, board member, vendor, donor, or other related party?	Yes	4/4
Are author royalties and speaking engagement fees paid to the organization, and not the individual?	Yes	4/4
Does the organization require its employees to affirm upon hiring the statement of faith of the organization?	No	0/4
Is the board chair an independent member of the board?	Yes	4/4
Does the board have term limits?	No	0/4
Have there been no public accusations of misdeeds against the organization, founder, CEO, senior pastor, or board members in the past five years?	Yes	4/4
Has the organization refrained from the use of non-disclosure agreements?	No	0/4
Does the organization have an overall financial efficiency rating of at least 2 stars?	Yes	4/4
Total donor confidence score		71/100