New Life Center / Fargo Union Mission 
The information on this page was last updated 4/24/2024. If you see errors or omissions, please email: [email protected]
Summary
Founded as the Glad Tidings Mission, New Life Center has evolved from an organization that primarily conducted religious services and neighborhood outreach work to a Christian, multi-faceted emergency and crisis service center.
Contact information
Mailing address:
New Life Center
PO Box 1067
Fargo, ND 58107
Website: fargonlc.org
Phone: 701-235-4453
Email: [email protected]
Organization details
EIN: 450228056
CEO/President: Rob Swiers
Chairman: Jason Loney
Board size: 10
Founder:
Ruling year: 1943
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2022
Purpose
To see those who look to New Life Center for help move from a life of merely surviving to truly thriving.
Mission statement
To serve people who are on the journey from homeless and hurting to whole and healthy by meeting basic needs and transforming lives through the love of Christ.
Statement of faith
We believe the Bible to be the inspired, the only infallible, ultimately authoritative Word of God.
We believe there is one God, eternally existing as Father, Son, and Holy Spirit.
We believe that the Lord Jesus Christ is Deity, that He was born of a virgin, that we are redeemed by His atoning death through His shed blood, that He bodily resurrected and ascended into heaven, and that He will come again in power and great glory.
We believe that individuals are saved through a direct, personal encounter with the risen Lord, at which time they are regenerated by the Holy Spirit.
We believe in the present ministry of the Holy Spirit, by whom Christ indwells each believer, enabling him or her to live a godly life of obedience as he or she reaches for maturity.
We believe the Holy Spirit unites all true believers in the Lord Jesus Christ and that together they form one body, the church.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 700 of 1110 | 88 of 138 |
| Fund acquisition rating | | 397 of 1111 | 48 of 138 |
| Resource allocation rating | | 691 of 1111 | 80 of 138 |
| Asset utilization rating | | 814 of 1110 | 113 of 138 |
According to the organization's Form 990, it received $78,389 in government grants in 2023.
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 9% | 8% | 11% | 14% | 12% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 10% | 8% | 7% | 11% | 12% | 12% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 93% | 93% | 94% | 90% | 97% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 11% | 9% | 15% | 11% | 17% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | 7% | 7% | 6% | 10% | 3% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 77% | 77% | 77% | 76% | 73% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 78% | 82% | 71% | 107% | 67% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 60% | 63% | 55% | 81% | 49% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | 22% | 18% | 29% | -7% | 33% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 18% | 14% | 24% | -4% | 24% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 13% | 15% | 8% | 13% | 10% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.43 | 0.54 | 0.49 | 0.46 | 0.36 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.95 | 4.96 | 6.76 | 5.14 | 7.74 | 4.63 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 2.12 | 3.64 | 2.53 | 3.58 | 1.65 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 12.91 | 8.10 | 3.40 | 6.74 | 4.00 | 7.80 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.12 | 0.29 | 0.15 | 0.25 | 0.13 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.03 | 4.96 | 2.33 | 4.04 | 2.52 | 6.36 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 32% | 15% | 17% | 28% | 27% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 30% | 11% | 14% | 25% | 24% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 154% | 159% | 158% | 169% | 156% | 205% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2018 |
| Cash | $678,260 | $636,849 | $971,190 | $598,283 | $823,305 |
| Receivables, inventories, prepaids | $1,517,136 | $416,605 | $244,437 | $113,188 | $447,095 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,195,396 | $1,053,454 | $1,215,627 | $711,471 | $1,270,400 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $8,698,210 | $6,067,614 | $5,032,841 | $4,795,627 | $4,606,487 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $8,698,210 | $6,067,614 | $5,032,841 | $4,795,627 | $4,606,487 |
| Total assets | $10,893,606 | $7,121,068 | $6,248,468 | $5,507,098 | $5,876,887 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2018 |
| Payables and accrued expenses | $267,446 | $289,894 | $149,754 | $152,768 | $162,847 |
| Other current liabilities | $3,553 | $19,947 | $30,680 | $25,120 | $0 |
| Total current liabilities | $270,999 | $309,841 | $180,434 | $177,888 | $162,847 |
| Debt | $3,217,993 | $754,013 | $871,571 | $1,359,782 | $1,428,981 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $3,217,993 | $754,013 | $871,571 | $1,359,782 | $1,428,981 |
| Total liabilities | $3,488,992 | $1,063,854 | $1,052,005 | $1,537,670 | $1,591,828 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2018 |
| Without donor restrictions | $6,257,142 | $5,956,193 | $4,808,895 | $3,944,734 | $3,914,142 |
| With donor restrictions | $1,147,472 | $101,021 | $387,568 | $24,694 | $370,917 |
| Net assets | $7,404,614 | $6,057,214 | $5,196,463 | $3,969,428 | $4,285,059 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2018 |
| Total contributions | $5,574,447 | $4,365,101 | $4,054,020 | $2,130,581 | $3,015,978 |
| Program service revenue | $165,749 | $127,324 | $124,695 | $126,096 | $120,722 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $41,063 | $19,515 | $7,594 | $3,638 | $965 |
| Other revenue | $217,665 | $184,733 | $113,317 | $115,452 | ($29,108) |
| Total other revenue | $424,477 | $331,572 | $245,606 | $245,186 | $92,579 |
| Total revenue | $5,998,924 | $4,696,673 | $4,299,626 | $2,375,767 | $3,108,557 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2018 |
| Program services | $3,575,082 | $2,941,265 | $2,367,979 | $1,933,247 | $1,516,159 |
| Management and general | $587,080 | $562,732 | $248,387 | $319,653 | $214,285 |
| Fundraising | $489,362 | $331,925 | $456,225 | $292,244 | $359,590 |
| Total expenses | $4,651,524 | $3,835,922 | $3,072,591 | $2,545,144 | $2,090,034 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2018 |
| Surplus (deficit) | $1,347,400 | $860,751 | $1,227,035 | ($169,377) | $1,018,523 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,347,400 | $860,751 | $1,227,035 | ($169,377) | $1,018,523 |
Compensation
| Name | Title | Compensation |
| Rob Swiers | Executive Director/Secretary | $125,889 |
Compensation data as of: 6/30/2023
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 4/24/2024. To update the information below, please email: [email protected]