Good News

The information on this page was last updated 6/28/2022. If you see errors or omissions, please email: [email protected]


Summary

Since 1967, Good News has been the classical evangelical witness and ministry for renewal and reform within The United Methodist Church.


Contact information

Mailing address:
Good News
PO Box 132076
The Woodlands, TX 77393-2076

Website: goodnewsmag.org

Phone: (832) 813-8327

Email: [email protected]


Organization details

EIN: 362680478

CEO/President: Rev. Rob Renfroe

Chairman: Helen Rhea Stumbo

Board size: 27

Founder: Rev. Charles W. Keysor

Ruling year: 1970

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1980


Purpose

Worldwide Discipleship Association, Inc. is generally known as Good News. Good News is also the name of the magazine it publishes. Good News strives on building disciples for the church using a method patterned after Jesus' ministry. In recent years, the church has led many to Christ, but has struggled to help Christians grow to maturity. Good News's vision is to build strong believers who can also equip others. This will bring glory to God as they exhibit Christ-like character, sharing the Good News in an atmosphere of Christian love. Good News hopes to help strengthen the church's commitment to discipleship by offering a method of discipleship that is uniquely biblical.


Mission statement

Our mission is to lead all people within The United Methodist Church to the faithful and vibrant practice of orthodox Wesleyan Christianity.


Statement of faith

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating963 of 103368 of 75
Fund acquisition rating992 of 103569 of 75
Resource allocation rating912 of 103561 of 75
Asset utilization rating587 of 103340 of 75

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%15%12%12%16%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%15%12%11%16%13%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
82%98%97%97%98%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%18%12%15%17%12%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
18%2%3%3%2%1%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%68%75%69%66%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%86%100%74%90%110%
Program output ratio Program output ratio =
Program services /
Total revenue
73%58%75%51%59%84%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%14%0%26%10%-10%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%14%0%34%16%-26%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%15%13%16%17%11%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.910.821.350.951.432.79
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.351.241.281.451.471.56
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.451.031.731.382.104.34
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
15.3150.81326.72179.3788.5115.54
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.020.000.010.010.06
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.3411.476.928.635.652.59
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%2%0%0%1%4%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
92%119%74%105%69%34%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$830,189$640,428$550,964$398,804$292,944
Receivables, inventories, prepaids$57,503$78,019$62,306$13,997$40,988
Short-term investments$13,096$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$900,788$718,447$613,270$412,801$333,932
Long-term investments$216,071$195,099$269,522$187,329$176,212
Fixed assets$3,637$6,377$7,022$7,320$9,256
Other long-term assets$0$0$0$0$0
Total long-term assets$219,708$201,476$276,544$194,649$185,468
Total assets$1,120,496$919,923$889,814$607,450$519,400
 
Liabilities20202019201820172016
Payables and accrued expenses$17,727$2,199$3,419$4,664$21,491
Other current liabilities$0$0$0$0$0
Total current liabilities$17,727$2,199$3,419$4,664$21,491
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$17,727$2,199$3,419$4,664$21,491
 
Net assets20202019201820172016
Without donor restrictions$1,082,366$900,262$824,657$561,161$496,840
With donor restrictions$20,403$17,462$61,738$41,625$1,069
Net assets$1,102,769$917,724$886,395$602,786$497,909
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$1,059,564$1,203,024$1,108,636$944,642$1,302,748
Program service revenue$15,066$34,729$32,043$17,124$12,516
Membership dues$0$0$0$0$0
Investment income$2,853$4,646$4,317$2,196$3,659
Other revenue$96$191$692$0$0
Total other revenue$18,015$39,566$37,052$19,320$16,175
Total revenue$1,077,579$1,242,590$1,145,688$963,962$1,318,923
 
Expenses20202019201820172016
Program services$623,877$936,940$582,098$572,418$1,104,579
Management and general$137,055$158,220$137,848$145,175$166,525
Fundraising$163,297$147,760$127,594$149,756$177,877
Total expenses$924,229$1,242,920$847,540$867,349$1,448,981
 
Change in net assets20202019201820172016
Surplus (deficit)$153,350($330)$298,148$96,613($130,058)
Other changes in net assets$0$0$0$0$0
Total change in net assets$153,350($330)$298,148$96,613($130,058)

Compensation

NameTitleCompensation
Thomas A LanbrechtVice President$116,161
Rob RenfroePresident$39,264

Compensation data as of: 12/31/2020


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 6/28/2022. To update the information below, please email: [email protected]


History

The first issue of Good News magazine was published in 1967. Charles W. Keysor, a Methodist pastor in Elgin, Illinois, published the first issue of the digest-size magazine for Methodist evangelicals out of the basement of his parsonage. At the suggestion of his wife, Marge, he called it Good News.

It had all begun a year earlier when James Wall, then editor of the Methodist minister's magazine New Christian Advocate, asked Chuck, "Why don't you write an article for us describing the central beliefs and convictions of this part [evangelical wing] of our church?"

Chuck's article, "Methodism's Silent Minority" was published in the July 14, 1966 issue of the New Christian Advocate, where he identified the major evangelical convictions.

To his amazement Keysor received over 200 letters and phone calls in response to his article, most of them coming from Methodist pastors! Two themes surfaced in the responses: first, "I thought I was the only one left in the church who believes these things," and second, "I feel so alone-so cut off from the leadership of my church."

As he prayed about the letters and phone calls, Chuck felt he must do something. Having been a journalist prior to entering the ministry, he decided to launch a magazine which affirmed the evangelical message of the Wesleys and Francis Asbury. Good News magazine was born.

The Good News board soon felt a need to sponsor some kind of national gathering to help unify Methodist evangelicals. Texas pastor Mike Walker, the youngest member of the fledgling board, headed up plans for the first national convocation held in Dallas in August of 1970. To everyone's amazement, a whopping 1,600 United Methodists registered, coming from coast to coast! The Holy Spirit drew people together in a remarkable way.

From the start, Good News' primary concern has been theological. Born in an era when church radicals were demanding "Let the world set the agenda for the church," we were convinced that the biblical agenda was languishing from both neglect and from theological revisionism.

In 1974, Good News authorized a "Theology and Doctrine Task Force," headed by Paul Mickey, associate professor of pastoral theology at Duke University's Divinity School. The task force was charged with preparing a fresh, new statement of "Scriptural Christianity" which would remain faithful to both the Methodist and Evangelical United Brethren traditions. In addition to Mickey, the committee included Charles Keysor, Frank B. Stanger, Dennis F. Kinlaw, Robert Stamps, Lawrence Souder, and this writer.

United Methodist evangelicals were also encouraged by the efforts of concerned denominational leaders to formulate pre-General Conference activity such as the 1988 "Houston Declaration" and the 1992 "Memphis Declaration." Both of these initiatives were spearheaded by the leadership of what is now known as the Confessing Movement within the United Methodist Church-which includes prominent leaders such as James B. Buskirk, Maxie D. Dunnam, Ira Gallaway, John Ed Mathison, William Bouknight, and the late William H. Hinson. The grassroots efforts noted above reflected the growing conviction that evangelicals must engage in the legislative process to make their voices heard if the church is ever to experience renewal and reform.

It's a different world today and the United Methodist Church is not the same church. Think of the organizations that didn't exist 40 years ago: Good News, The Institute on Religion and Democracy, United Methodist Action, A Foundation for Theological Education, The Mission Society, Transforming Congregations, Lifewatch (the Taskforce of United Methodists on Abortion and Sexuality), the Renew Network, Concerned Methodists, the American Family Association, and the Confessing Movement Within the United Methodist Church.

We should also note the important contribution of several groups affiliated with the General Board of Discipleship, including the Council on Evangelism, the Foundation for Evangelism, the National Association of United Methodist Evangelists, and Aldersgate Renewal Ministries. The above groups have been faithful voices on behalf of our Wesleyan theological heritage.

All of these groups, of course, have their own histories and purposes. They do not walk in lockstep, to be sure. But let's not miss the significance of their existence. The voices of United Methodist evangelicals and traditionalists are finally being heard. Channels now exist to guarantee this will happen. Thousands of United Methodists have found avenues for evangelical ministry as well as ways to address effectively the spiritual, moral, theological, and social issues that exist in our church.


Program accomplishments


Needs