Whole Word Institute

The information on this page was last updated 12/20/2023. If you see errors or omissions, please email: [email protected]


Summary



Whole Word Institute serves as a source language capacity builder for the Bible translation movement, providing education and tools to accelerate access to the full Bible for people of all languages, whether written, oral or signed.


Contact information

Mailing address:
Whole Word Institute
P.O. Box 23027
Richmond, VA 23223

Website: wholewordinstitute.com

Phone: 804-482-0756

Email: [email protected]


Organization details

EIN: 473406578

CEO/President: David Swarr PhD

Chairman: Samuel Chiang

Board size: 9

Founder:

Ruling year: 2015

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2017


Purpose

Vision: The whole Word accessible to the whole world

Our Goal: to see the whole Word available in the 4,000+ languages still requiring a translation of the Old Testament

Our Commitment: to play a part by training 4,220 translators and consultants in Biblical Hebrew by 2033


Mission statement

Our mission is to advance access and engagement with the whole Word of God for every language, culture and people whether written, oral or signed.


Statement of faith

The 4.2.20 Foundation subscribes to the Lausanne Covenant.

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Bible Translation Organizations

CategoryRatingOverall rankSector rank
Overall efficiency rating164 of 11103 of 16
Fund acquisition rating592 of 11118 of 16
Resource allocation rating210 of 11115 of 16
Asset utilization rating138 of 11102 of 16

This ministry has a negative net worth, making it impossible to assign it a valid financial efficiency rating.


Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%7%6%8%8%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%5%5%6%6%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%71%78%73%68%90%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%5%5%5%6%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%29%22%27%32%10%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%87%87%89%89%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%111%90%113%99%99%
Program output ratio Program output ratio =
Program services /
Total revenue
76%96%79%100%88%87%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%-11%10%-13%1%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%12957%74%-293%9%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%9%7%6%5%6%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.963.203.514.693.973.08
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.231.151.001.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.923.683.514.693.973.08
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.042.523.252.802.442.75
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.400.310.360.410.36
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.491.972.371.641.782.48
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
15%100%49%82%41%36%
Debt ratio Debt ratio =
Debt /
Total assets
0%53%19%46%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
80%0%14%4%15%21%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$676,672$665,248$465,296$333,702$473,541
Receivables, inventories, prepaids$333,660$136,992$125,666$366,492$120,245
Short-term investments$80,000$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,090,332$802,240$590,962$700,194$593,786
Long-term investments$0$0$0$0$0
Fixed assets$0$0$0$0$0
Other long-term assets$160,885$0$0$0$0
Total long-term assets$160,885$0$0$0$0
Total assets$1,251,217$802,240$590,962$700,194$593,786
 
Liabilities20222021202020192018
Payables and accrued expenses$293,313$194,821$176,665$123,571$16,152
Other current liabilities$139,375$51,647$34,569$163,493$199,710
Total current liabilities$432,688$246,468$211,234$287,064$215,862
Debt$660,800$150,000$274,535$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$160,885$0$0$0$0
Total long-term liabilities$821,685$150,000$274,535$0$0
Total liabilities$1,254,373$396,468$485,769$287,064$215,862
 
Net assets20222021202020192018
Without donor restrictions($6,077)$326,117($5,798)$175,940$188,461
With donor restrictions$2,921$79,655$110,991$237,190$189,463
Net assets($3,156)$405,772$105,193$413,130$377,924
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$2,545,972$2,443,838$1,786,596$1,917,762$1,658,978
Program service revenue$1,033,873$621,973$671,919$899,951$187,457
Membership dues$0$0$0$0$0
Investment income$5,948$25$14$9$0
Other revenue$13,774$50,262$4,950$0$0
Total other revenue$1,053,595$672,260$676,883$899,960$187,457
Total revenue$3,599,567$3,116,098$2,463,479$2,817,722$1,846,435
 
Expenses20222021202020192018
Program services$3,468,457$2,457,846$2,454,659$2,473,625$1,612,088
Management and general$358,309$205,665$174,619$152,523$107,614
Fundraising$181,729$152,008$142,138$156,368$107,863
Total expenses$4,008,495$2,815,519$2,771,416$2,782,516$1,827,565
 
Change in net assets20222021202020192018
Surplus (deficit)($408,928)$300,579($307,937)$35,206$18,870
Other changes in net assets$0$0$0$0$0
Total change in net assets($408,928)$300,579($307,937)$35,206$18,870

Compensation

NameTitleCompensation
David SwarrPresident & CEO$152,171
Randall ButhAcademic Provost & VP, IBLT$106,643
Daniel ArajuoDirector of Finance/Comptr$98,800

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 12/20/2023. To update the information below, please email: [email protected]


History


Program accomplishments


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