Stability First

The information on this page was last updated 10/11/2022. If you see errors or omissions, please email: [email protected]


Summary

Stability First is a faithbased initiative born out of the Morgan County Bridges Out of Poverty. We work alongside our neighbors to identify resources and find solutions together. Our programs include transitional housing as well as a circle of services geared toward assisting low income families in increasing financial stability and self-sufficiency.

Below are the primary ministries of Stability First:

1. The Magdalene House is a facility for women without dependents. It provides housing and supportive services for up to 16 women. Our goal is to walk alongside women as they gain the stability need to live on their own. The program is faith-based and focused on an individualized, goal oriented process.

2. Foundations is a non-residential program providing spiritual mentoring, goal setting and accountability tools, as well as life coaching for men. Stability First envisions a residential program reinforcing these goals in the near future, as God provides.

3. The LYNAY Center is a multipurpose facility housing additional services to address poverty issues in Morgan County. Programming includes men's outreach coaching sessions, recovery group meetings and educational, job and career exploration opportunities.

4. Maggie Bags is an entrepreneurial support ministry. The efforts of Magdalene House residents are combined with volunteers seamstresses to create beautiful women's cross-body shoulder bags. Shelter residents learn sewing skills along with valuable job skills.


Contact information

Mailing address:
Stability First
PO Box 1452
Martinsville, IN 46151

Website: stabilityfirst.org

Phone: 765-343-8030

Email: [email protected]


Organization details

EIN: 474429844

CEO/President: Rick Miller

Chairman: Jamin Baxter

Board size: 11

Founder:

Ruling year: 2017

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

We provide resources for the lost and hopeless so they can experience stability and hope.


Mission statement

Stability First is a Christ-centered nonprofit established to address multiple issues associated with the alleviation of poverty. This includes transitional housing as well as a circle of services geared toward helping low-income individuals and families in increasing their financial stability and self-sufficiency.


Statement of faith

Donor confidence score

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Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating108 of 102223 of 155
Fund acquisition rating68 of 10255 of 155
Resource allocation rating87 of 102513 of 155
Asset utilization rating582 of 102299 of 155

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%89%99%65%51%84%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%11%1%35%49%16%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%95%95%93%88%74%
Spending ratio Spending ratio =
Total expenses /
Total revenue
85%59%98%80%142%28%
Program output ratio Program output ratio =
Program services /
Total revenue
67%56%93%75%124%21%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
15%41%2%20%-42%72%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
12%30%2%12%-16%54%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%5%5%7%12%26%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.530.430.640.490.520.21
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.922.566.4616.6439.917.66
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.621.094.128.1620.731.61
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.1947.0416.938.061.839.92
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.020.060.120.550.10
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.1010.752.741.290.266.72
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%1%6%1%1%1%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%5%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
155%233%147%202%190%470%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$283,415$51,773$30,963$10,610$73,021
Receivables, inventories, prepaids$18,390$37,816$300$1,500$0
Short-term investments$1,209$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$303,014$89,589$31,263$12,110$73,021
Long-term investments$0$0$0$0$0
Fixed assets$473,896$488,878$488,878$471,177$486,002
Other long-term assets$0$0$0$0$0
Total long-term assets$473,896$488,878$488,878$471,177$486,002
Total assets$776,910$578,467$520,141$483,287$559,023
 
Liabilities20202019201820172016
Payables and accrued expenses$6,442$5,293$3,880$6,622$7,358
Other current liabilities$0$0$0$0$0
Total current liabilities$6,442$5,293$3,880$6,622$7,358
Debt$0$30,000$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$30,000$0$0$0
Total liabilities$6,442$35,293$3,880$6,622$7,358
 
Net assets20202019201820172016
Without donor restrictions$0$0$0$0$0
With donor restrictions$0$0$0$0$0
Net assets$770,468$543,174$516,261$476,665$551,665
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$495,751$373,667$205,674$90,973$349,935
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$17$13$42$5$1
Other revenue$62,547$3,896$111,538$86,084$67,594
Total other revenue$62,564$3,909$111,580$86,089$67,595
Total revenue$558,315$377,576$317,254$177,062$417,530
 
Expenses20202019201820172016
Program services$313,726$350,870$238,395$220,290$86,905
Management and general$17,295$18,483$16,727$30,705$30,393
Fundraising$0$0$0$0$0
Total expenses$331,021$369,353$255,122$250,995$117,298
 
Change in net assets20202019201820172016
Surplus (deficit)$227,294$8,223$62,132($73,933)$300,232
Other changes in net assets$0$0$0$0$0
Total change in net assets$227,294$8,223$62,132($73,933)$300,232

Compensation

Compensation data for this ministry has not been collected.


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 10/11/2022. To update the information below, please email: [email protected]


History


Program accomplishments


Needs

We're looking for individuals, couples and families who would be willing to partner with Stability First to have a greater impact on the ministry, on our community and ultimately on the Kingdom of God. Stability Impact Partners are a group of people who have committed to regular monthly supprt of the ministry at any level. Reliable, predictable monthly support through recurring donations enable us to maintain and grow the ministry.