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
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 108 of 1022 | 23 of 155 |
| Fund acquisition rating | | 68 of 1025 | 5 of 155 |
| Resource allocation rating | | 87 of 1025 | 13 of 155 |
| Asset utilization rating | | 582 of 1022 | 99 of 155 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
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 ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
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 ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.43 | 0.64 | 0.49 | 0.52 | 0.21 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.92 | 2.56 | 6.46 | 16.64 | 39.91 | 7.66 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.62 | 1.09 | 4.12 | 8.16 | 20.73 | 1.61 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.19 | 47.04 | 16.93 | 8.06 | 1.83 | 9.92 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.02 | 0.06 | 0.12 | 0.55 | 0.10 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.10 | 10.75 | 2.74 | 1.29 | 0.26 | 6.72 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
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 | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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.