Truth At Work 
The information on this page was last updated 4/6/2023. If you see errors or omissions, please email: [email protected]
Summary
Truth At Work is dedicated to helping Christian business leaders who feel isolated and overwhelmed. Our community of like-minded peers are here to help leaders like you live out your faith in the marketplace.
Contact information
Mailing address:
Truth At Work
9953 Crosspoint Blvd
Suite 100
Indianapolis, IN 46256
Website: truthatwork.org
Phone: (317) 842-1694
Email: [email protected]
Organization details
EIN: 351959473
CEO/President: Gayle (G.O.) Kelly
Chairman: Josh Wildman
Board size: 11
Founder: Matt Peelen & Ray Hilbert
Ruling year: 1995
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2015
Purpose
Truth At Work exists to transform Christian business leaders through authentic peer advisory groups that apply biblical truth for living out our faith in all areas of life.
Mission statement
Statement of faith
We believe that there is one God, eternally existing as three persons, the Father, the Son, and the Holy Spirit.
We believe that the Bible is God's written revelation to man, and that it is verbally inspired, authoritative and without error in the original manuscripts.
We believe in the deity of Jesus Christ, His virgin birth, sinless life, miracles, death on the cross to provide for our redemption, bodily resurrection, and ascension into heaven, present ministry of intercession for us, and His return to earth in power and glory.
We believe in the personality and deity of the Holy Spirit, that He performs the miracle of the new birth in unbelievers and indwells believers, enabling them to live godly lives.
We believe that man was created in the image of God, but because of sin, was alienated from God. Only through faith, trusting in Christ alone for salvation, which was made possible by His death and resurrection, can that alienation be removed.
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 59 of 1077 | 14 of 142 |
| Fund acquisition rating | | 456 of 1078 | 52 of 142 |
| Resource allocation rating | | 28 of 1078 | 12 of 142 |
| Asset utilization rating | | 53 of 1077 | 11 of 142 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 3% | 2% | 5% | 16% | 19% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 0% | 0% | 1% | 2% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 12% | 13% | 17% | 15% | 13% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 0% | 0% | 1% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | 88% | 87% | 83% | 85% | 87% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 94% | 94% | 92% | 86% | 88% |
Spending ratio Spending ratio = Total expenses / Total revenue | 87% | 97% | 103% | 100% | 102% | 104% |
Program output ratio Program output ratio = Program services / Total revenue | 69% | 91% | 96% | 92% | 88% | 91% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 13% | 3% | -3% | 0% | -2% | -4% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 18% | 26% | -29% | -2% | -13% | -22% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 6% | 6% | 8% | 12% | 10% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.87 | 4.23 | 6.46 | 4.41 | 3.87 | 3.90 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.60 | 1.03 | 1.08 | 1.10 | 1.13 | 1.17 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.64 | 4.35 | 6.97 | 4.84 | 4.39 | 4.56 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.18 | 4.00 | 2.38 | 2.66 | 2.72 | 2.75 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.25 | 0.42 | 0.38 | 0.37 | 0.36 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.75 | 2.07 | 1.00 | 1.55 | 1.73 | 1.67 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 42% | 39% | 34% | 32% | 31% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 89% | 14% | 9% | 15% | 17% | 18% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $515,309 | $339,125 | $401,360 | $375,392 | $353,797 |
| Receivables, inventories, prepaids | $16,546 | $16,337 | $17,457 | $26,557 | $46,013 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $531,855 | $355,462 | $418,817 | $401,949 | $399,810 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $11,456 | $23,645 | $36,468 | $48,798 | $64,048 |
| Other long-term assets | $4,251 | $4,251 | $4,251 | $4,251 | $4,251 |
| Total long-term assets | $15,707 | $27,896 | $40,719 | $53,049 | $68,299 |
| Total assets | $547,562 | $383,358 | $459,536 | $454,998 | $468,109 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $126,814 | $133,072 | $144,689 | $133,815 | $127,057 |
| Other current liabilities | $6,127 | $16,057 | $12,587 | $13,952 | $18,415 |
| Total current liabilities | $132,941 | $149,129 | $157,276 | $147,767 | $145,472 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $98,300 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $98,300 | $0 | $0 | $0 | $0 |
| Total liabilities | $231,241 | $149,129 | $157,276 | $147,767 | $145,472 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $316,321 | $234,229 | $302,260 | $307,231 | $322,637 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $316,321 | $234,229 | $302,260 | $307,231 | $322,637 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $283,440 | $316,767 | $339,692 | $259,285 | $227,312 |
| Program service revenue | $29,823 | $0 | $0 | $12,000 | $209,513 |
| Membership dues | $2,053,187 | $1,991,182 | $1,626,862 | $1,408,251 | $1,284,026 |
| Investment income | $277 | $419 | $362 | $247 | $259 |
| Other revenue | $30,751 | $101,965 | $56,223 | $43,412 | $33,045 |
| Total other revenue | $2,114,038 | $2,093,566 | $1,683,447 | $1,463,910 | $1,526,843 |
| Total revenue | $2,397,478 | $2,410,333 | $2,023,139 | $1,723,195 | $1,754,155 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $2,178,373 | $2,321,906 | $1,857,605 | $1,515,804 | $1,603,084 |
| Management and general | $128,913 | $149,602 | $152,563 | $205,748 | $176,927 |
| Fundraising | $8,100 | $6,856 | $17,942 | $41,500 | $44,231 |
| Total expenses | $2,315,386 | $2,478,364 | $2,028,110 | $1,763,052 | $1,824,242 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $82,092 | ($68,031) | ($4,971) | ($39,857) | ($70,087) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $82,092 | ($68,031) | ($4,971) | ($39,857) | ($70,087) |
Compensation
| Name | Title | Compensation |
| Ray Hilbert | Co-Founder | $133,566 |
| Dave Holly | CEO/Board Chairman | $114,467 |
| Matt Peelen | Co-Founder | $45,600 |
Compensation data as of: 12/31/2019
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 4/6/2023. To update the information below, please email: [email protected]
History
Truth At Work was founded in 1998 as a small handful of business leaders saw a need to equip, inspire, and encourage Christians in the marketplace. Since then, Truth At Work chapters have sprung up all across the country, reaching thousands of people and connecting them to a community of like-minded peers.