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.

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating66 of 11109 of 121
Fund acquisition rating467 of 111142 of 121
Resource allocation rating37 of 111112 of 121
Asset utilization rating101 of 111011 of 121

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%3%2%3%2%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%0%0%0%0%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%11%16%12%13%17%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%0%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%89%84%88%87%83%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%94%94%94%94%92%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%96%93%97%103%100%
Program output ratio Program output ratio =
Program services /
Total revenue
77%91%88%91%96%92%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%4%7%3%-3%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%15%36%26%-29%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%6%6%6%6%8%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.862.813.754.236.464.41
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.761.421.021.031.081.10
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.793.993.844.356.974.84
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.923.444.004.002.382.66
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.290.250.250.420.38
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.042.132.342.071.001.55
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%30%24%42%39%34%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
100%25%20%14%9%15%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$524,763$621,489$515,309$339,125$401,360
Receivables, inventories, prepaids$59,770$18,528$16,546$16,337$17,457
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$584,533$640,017$531,855$355,462$418,817
Long-term investments$0$0$0$0$0
Fixed assets$75,710$11,584$11,456$23,645$36,468
Other long-term assets$169,878$4,251$4,251$4,251$4,251
Total long-term assets$245,588$15,835$15,707$27,896$40,719
Total assets$830,121$655,852$547,562$383,358$459,536
 
Liabilities20222021202020192018
Payables and accrued expenses$167,427$154,207$126,814$133,072$144,689
Other current liabilities$2,535$5,885$6,127$16,057$12,587
Total current liabilities$169,962$160,092$132,941$149,129$157,276
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$77,898$0$98,300$0$0
Total long-term liabilities$77,898$0$98,300$0$0
Total liabilities$247,860$160,092$231,241$149,129$157,276
 
Net assets20222021202020192018
Without donor restrictions$470,241$474,490$316,321$234,229$302,260
With donor restrictions$112,020$21,270$0$0$0
Net assets$582,261$495,760$316,321$234,229$302,260
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$268,573$430,536$283,440$316,767$339,692
Program service revenue$0$32,141$29,823$0$0
Membership dues$2,017,763$2,149,586$2,053,187$1,991,182$1,626,862
Investment income($360)$154$277$419$362
Other revenue$135,413$24,556$30,751$101,965$56,223
Total other revenue$2,152,816$2,206,437$2,114,038$2,093,566$1,683,447
Total revenue$2,421,389$2,636,973$2,397,478$2,410,333$2,023,139
 
Expenses20222021202020192018
Program services$2,194,912$2,313,458$2,178,373$2,321,906$1,857,605
Management and general$133,003$136,424$128,913$149,602$152,563
Fundraising$6,973$7,652$8,100$6,856$17,942
Total expenses$2,334,888$2,457,534$2,315,386$2,478,364$2,028,110
 
Change in net assets20222021202020192018
Surplus (deficit)$86,501$179,439$82,092($68,031)($4,971)
Other changes in net assets$0$0$0$0$0
Total change in net assets$86,501$179,439$82,092($68,031)($4,971)

Compensation

NameTitleCompensation
Gayle KellyChief Executive Officer$167,476
Matt PeelenDirector$22,000

Compensation data as of: 12/31/2022


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 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.


Program accomplishments


Needs