Providence Ministries 
The information on this page was last updated 11/28/2022. If you see errors or omissions, please email: [email protected]
Summary
Located in Dalton, Georgia, Providence Ministries, Inc. rescue mission provides people in need with the opportunity to find hope and recovery from a multitude of ailments in the name of Jesus Christ. Through our various Christian based missions and initiatives, we are in the blessed and privileged position of seeing families restored, lives healed, and most importantly, souls saved.
Contact information
Mailing address:
Providence Ministries
711 S Hamilton St.
Dalton, GA 30720
Website: providenceministriesinc.com
Phone: 706-275-0268
Email: providenceministriesinc.com/contact
Organization details
EIN: 581592141
CEO/President: Roy Johnson
Chairman: Tom McMullen
Board size: 7
Founder: Roy Johnson
Ruling year: 1985
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
Helping People with Their Most Immediate Needs
Mission statement
Providence Ministries is an ever-growing and ever-evolving organization whose mission is to minister to the immediate needs of the community it resides, and in turn, foster long term personal spiritual growth in the people with whom relationships have as a result been formed.
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 | | 45 of 1077 | 5 of 144 |
| Fund acquisition rating | | 106 of 1078 | 4 of 144 |
| Resource allocation rating | | 200 of 1078 | 27 of 144 |
| Asset utilization rating | | 157 of 1077 | 20 of 144 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 1% | 1% | 1% | 0% | 1% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 0% | 0% | 1% | 0% | 1% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 84% | 86% | 94% | 95% | 94% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 0% | 0% | 1% | 0% | 1% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 16% | 14% | 6% | 5% | 6% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 86% | 87% | 86% | 86% | 87% |
Spending ratio Spending ratio = Total expenses / Total revenue | 84% | 94% | 99% | 96% | 97% | 100% |
Program output ratio Program output ratio = Program services / Total revenue | 67% | 81% | 85% | 83% | 84% | 86% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 16% | 6% | 1% | 4% | 3% | 0% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 13% | 9% | 2% | 5% | 3% | 0% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 13% | 13% | 13% | 13% | 13% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.56 | 1.09 | 1.09 | 0.97 | 0.89 | 0.90 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.64 | 2.60 | 3.26 | 3.00 | 3.08 | 2.89 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.59 | 2.83 | 3.57 | 2.90 | 2.73 | 2.59 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.93 | 4.87 | 13.60 | 18.09 | 18.75 | 14.54 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.21 | 0.07 | 0.06 | 0.05 | 0.07 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.37 | 3.37 | 3.12 | 3.90 | 4.16 | 4.31 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 7% | 22% | 19% | 21% | 23% | 25% |
Debt ratio Debt ratio = Debt / Total assets | 1% | 14% | 17% | 19% | 21% | 23% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 153% | 72% | 74% | 82% | 87% | 83% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $2,307,622 | $1,482,526 | $1,636,825 | $1,468,905 | $1,323,856 |
| Receivables, inventories, prepaids | $83,912 | $255,521 | $278,402 | $428,901 | $707,829 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,391,534 | $1,738,047 | $1,915,227 | $1,897,806 | $2,031,685 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $3,765,233 | $3,878,758 | $3,816,565 | $3,932,098 | $3,816,074 |
| Other long-term assets | $55,854 | $55,854 | $22,483 | $22,483 | $22,483 |
| Total long-term assets | $3,821,087 | $3,934,612 | $3,839,048 | $3,954,581 | $3,838,557 |
| Total assets | $6,212,621 | $5,672,659 | $5,754,275 | $5,852,387 | $5,870,242 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $491,243 | $127,776 | $105,888 | $101,222 | $139,758 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $491,243 | $127,776 | $105,888 | $101,222 | $139,758 |
| Debt | $858,894 | $943,465 | $1,085,030 | $1,235,826 | $1,351,611 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $858,894 | $943,465 | $1,085,030 | $1,235,826 | $1,351,611 |
| Total liabilities | $1,350,137 | $1,071,241 | $1,190,918 | $1,337,048 | $1,491,369 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $4,862,484 | $4,446,393 | $4,368,377 | $4,154,149 | $3,743,023 |
| With donor restrictions | $0 | $155,025 | $194,980 | $361,190 | $635,850 |
| Net assets | $4,862,484 | $4,601,418 | $4,563,357 | $4,515,339 | $4,378,873 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $6,025,278 | $5,401,260 | $5,451,478 | $5,059,838 | $4,995,109 |
| Program service revenue | $400,877 | $539,502 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $187,431 | ($11,708) | $10,801 | $681 | $1,794 |
| Other revenue | $570,268 | $348,417 | $314,427 | $264,269 | $290,999 |
| Total other revenue | $1,158,576 | $876,211 | $325,228 | $264,950 | $292,793 |
| Total revenue | $7,183,854 | $6,277,471 | $5,776,706 | $5,324,788 | $5,287,902 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $5,842,098 | $5,363,806 | $4,785,308 | $4,483,378 | $4,566,016 |
| Management and general | $889,130 | $806,021 | $731,115 | $688,515 | $672,910 |
| Fundraising | $32,987 | $29,659 | $46,715 | $15,917 | $31,879 |
| Total expenses | $6,764,215 | $6,199,486 | $5,563,138 | $5,187,810 | $5,270,805 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $419,639 | $77,985 | $213,568 | $136,978 | $17,097 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $419,639 | $77,985 | $213,568 | $136,978 | $17,097 |
Compensation
| Name | Title | Compensation |
| Roy G Johnson | President | $178,991 |
| Edith D Johnson | Manager/Trea | $117,635 |
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 11/28/2022. To update the information below, please email: [email protected]
History
In the year 1978, Providence Ministries Founder and CEO Roy Johnson came to understand that forgiveness, love, and peace had eluded him despite his many "successes" by worldly standards. He soon learned that he was filling a hole with money and alcohol that only God could fill, and once he grasped this truth, he was so inspired that his life journey would forever be changed. He soon found himself on the front-lines of ministry and mission work, and 2 years later, in 1985, Providence Ministries Inc. was born.
Since its founding in 1985, Providence Ministries has played a pivotal role in helping improve the conditions of those struggling with spiritual, social, and economic woes within the Dalton Georgia community and surrounding areas. Our efforts have included a women's pregnancy facility that during its existence helped over 25,000 clients, multiple boys homes reflecting our affinity for children, and has expanded to include addiction recovery programs for men and women in Georgia and Tennessee. We also feed and shelter homeless men, women, and children 365 days a year.
In our never ending quest to spread God's message of hope, we are continually evolving. Our newest exciting project has been the opening of a Christian women's addiction center in Rocky Face Georgia, which opened in February of 2012. Also in the works is a food pantry to help alleviate the ever growing hunger epidemic, and a new larger men's shelter in order to handle the growing homeless epidemic.
In the process of serving as a type of "spiritual hospital", we also make available many unique fellowship, volunteer, and donation opportunities for organizations and individuals alike.