Waterfront Rescue Mission 
The information on this page was last updated 12/4/2023. If you see errors or omissions, please email: [email protected]
Summary
Waterfront Rescue Mission provides food, shelter, counseling, and a renowned recovery program to the homeless along the Gulf Coast. For 72+ years, Waterfront Rescue Mission has been a beacon of hope for thousands of hungry and homeless men in Pensacola, Florida. Each night up to 150 homeless men come to the Mission, and are greeted with a nutritious meal, a warm shower, a clean change of clothes and a caring counselor who listens. Many of these men are at the end of their rope; the Mission is a knot that they can hold on to.
Contact information
Mailing address:
Waterfront Rescue Mission
PO Box 870
Pensacola, FL 32591
Website: waterfrontmission.org
Phone: 850-478-4027
Email: [email protected]
Organization details
EIN: 590838106
CEO/President: Clayton A. Romano
Chairman: Will Scott
Board size: 12
Founder:
Ruling year: 1964
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 1981
Purpose
Waterfront Rescue Mission believes that caring for the poor and homeless is not an option; it is a mandate from the Lord. Waterfront Rescue Mission is determined to provide compassionate help, individual attention, a plan for success, and most of all, knowledge about the Gospel.
Mission statement
Waterfront Rescue Mission strives to serve the Lord through all of its services. The aim of Waterfront Rescue Mission is to "Demonstrate God's Goodness by Providing Rescue and Recovery Services in Jesus' Name."
Statement of faith
1. We believe the Bible to be the inspired, the only infallible, authoritative Word of God, and speaks with final authority concerning all matters of belief and conduct. [John 5:37 - 40; Romans 1:1 - 2; 2 Timothy 3:14 - 17; 2 Peter 1:16 - 21] For purposes of Waterfront's (WRM) faith, doctrine, practice, policy, and discipline, our Board of Directors is WRM's final interpretive authority on the Bible's meaning and application.
2. We believe that there is one God, eternally existing in three persons: Father, Son and Holy Spirit, and that He is the Maker of all things, both visible and invisible. [Matthew 3:13 - 17; Matthew 28:18 - 20; 1 Corinthians 12:4 - 6; 2 Corinthians 13:14; 1 Peter 1:1 - 2; Genesis 1 - 2; Isaiah 45:18; Psalm 104; Jeremiah 10:10 - 12; Acts 17:22 - 31]
3. We believe in the deity and humanity of Jesus the Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His blood shed, in His bodily resurrection, in His ascension to the right hand of the Father, in His present rule as Head of the Church and in His personal return in power and glory. [Isaiah 9:1 - 7; 53; John 1:1 - 18; Matthew 1; Romans 1:2 - 4; Philippians 2:5 - 11; Colossians 1:15 - 20; Hebrews 1:1 - 4; 1 Corinthians 15: 1 - 11]
4. We believe that lost and sinful individuals are saved through a direct, personal encounter with the risen Lord, at which time they are regenerated by the Holy Spirit. [Ezekiel 36:25 - 27; John 3:3, 5; 5:1; 1 Corinthians 12:3; 2 Corinthians 5:17; Ephesians 2:5; Colossians 2:13; 1 Thessalonians 1:4 - 5; 2 Thessalonians 2:13; Titus 3:5; James 1:18; 1 Peter 1:3]
5. 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 towards spiritual maturity and Christ-likeness. [John 14:17; Romans 8:11; 1 Corinthians 3:16; Acts 6:8; Romans 8:4 - 6, 12 - 16; 2 Corinthians 13:14; Galatians 3:3, 5; Galatians 5:22 - 23, 25; Ephesians 2:22; 4:3; Philippians 2:1 - 2]
6. We believe in the resurrection and judgment of both the saved and the lost, they that are saved unto the resurrection of life and they that are lost unto the resurrection of condemnation. [Daniel 12:2; 1 Corinthians 15; 1 Thessalonians 4:13 - 18; Revelation 20:12 - 13; Matthew 12:36; 26:31 - 32; Acts 17:31; Romans 14:10; 2 Corinthians 5:10; Matthew 25: 34, 46; Luke 16:26; 2 Thessalonians 1:9; Revelation 14:11; 21:6, 8; 22:14, 15; John 14:2; Revelation 21:1 - 3]
7. We believe the Holy Spirit unites all true believers in the Lord Jesus Christ, with equality across race, gender and class differences, and that together they form one body, the church. This unity does not negate our creative distinctiveness as male or female, but underscores our oneness with God's family as unique children. [Romans 3:24; 5:15 - 21; 12:5; 1 Corinthians 1:2; 5:19; 15:22b; 2 Corinthians 5:17; Galatians 1:22; 2:17; 3:28; Ephesians 1:4; 2:12; 3:6; 4:32; 2 Timothy 2:10; 1 Thessalonians 4:16]
8. We believe that God created every person in His own image as male or female. This sexual distinction and complementarity establishes a normative connection between biological sex and gender. The fall of mankind has corrupted this order, brought about brokenness and confusion regarding gender issues. God's Word continues to affirm the sanctity of one's biological sex. Because of this reality, the Bible affirms that marriage is exclusively between one man and one woman for life. Marriage is thus the only proper context for sexual desire and behavior. [Genesis 1:26 - 27; 3:1 - 7; Romans 3:9 - 18; 5:12 - 17; Mark 10:1 - 8]
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 | | 259 of 1123 | 40 of 138 |
| Fund acquisition rating | | 285 of 1124 | 26 of 138 |
| Resource allocation rating | | 208 of 1124 | 35 of 138 |
| Asset utilization rating | | 684 of 1123 | 96 of 138 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 12% | 6% | 5% | 5% | 5% | 7% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 10% | 6% | 5% | 3% | 9% | 6% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 93% | 95% | 66% | 165% | 93% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 7% | 6% | 6% | 7% | 6% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | 7% | 5% | 34% | -65% | 7% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 85% | 86% | 85% | 83% | 83% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 88% | 80% | 54% | 138% | 99% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 74% | 69% | 46% | 114% | 82% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | 12% | 20% | 46% | -38% | 1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 8% | 14% | 47% | -26% | 1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 8% | 8% | 9% | 10% | 11% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.46 | 0.43 | 0.47 | 0.65 | 0.73 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.95 | 3.67 | 2.24 | 2.23 | 2.25 | 7.49 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.75 | 1.69 | 0.97 | 1.06 | 1.47 | 5.45 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.50 | 9.21 | 12.69 | 13.88 | 10.27 | 2.59 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.11 | 0.08 | 0.07 | 0.10 | 0.39 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.33 | 6.34 | 11.42 | 10.54 | 7.37 | 1.35 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 18% | 21% | 16% | 31% | 23% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 3% | 5% | 7% | 18% | 10% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 154% | 179% | 182% | 178% | 105% | 106% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $5,854,455 | $10,173,340 | $8,274,117 | $4,979,081 | $875,702 |
| Receivables, inventories, prepaids | $1,954,605 | $2,105,423 | $1,701,043 | $1,422,132 | $1,277,942 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $7,809,060 | $12,278,763 | $9,975,160 | $6,401,213 | $2,153,644 |
| Long-term investments | $5,719,825 | $49,855 | $25,277 | $231,107 | $223,218 |
| Fixed assets | $13,088,722 | $12,753,505 | $12,167,508 | $7,635,126 | $8,485,221 |
| Other long-term assets | $2,023,666 | $2,483,215 | $107,366 | $110,226 | $5,277,000 |
| Total long-term assets | $20,832,213 | $15,286,575 | $12,300,151 | $7,976,459 | $13,985,439 |
| Total assets | $28,641,273 | $27,565,338 | $22,275,311 | $14,377,672 | $16,139,083 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $791,073 | $923,015 | $669,806 | $576,786 | $786,166 |
| Other current liabilities | $56,940 | $44,240 | $48,795 | $46,438 | $45,116 |
| Total current liabilities | $848,013 | $967,255 | $718,601 | $623,224 | $831,282 |
| Debt | $914,580 | $1,274,601 | $1,617,194 | $2,649,649 | $1,624,464 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $3,274,582 | $3,656,545 | $1,202,280 | $1,227,476 | $1,238,448 |
| Total long-term liabilities | $4,189,162 | $4,931,146 | $2,819,474 | $3,877,125 | $2,862,912 |
| Total liabilities | $5,037,175 | $5,898,401 | $3,538,075 | $4,500,349 | $3,694,194 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $23,164,981 | $20,952,970 | $18,523,269 | $9,663,013 | $12,388,660 |
| With donor restrictions | $439,117 | $713,967 | $213,967 | $214,310 | $56,229 |
| Net assets | $23,604,098 | $21,666,937 | $18,737,236 | $9,877,323 | $12,444,889 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $13,912,458 | $14,077,339 | $12,898,365 | $11,306,132 | $10,941,286 |
| Program service revenue | $537,891 | $428,260 | $461,232 | $395,360 | $508,853 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $391,162 | $43,546 | $911 | $100,092 | $113,384 |
| Other revenue | $185,190 | $302,158 | $6,039,486 | ($4,962,414) | $261,883 |
| Total other revenue | $1,114,243 | $773,964 | $6,501,629 | ($4,466,962) | $884,120 |
| Total revenue | $15,026,701 | $14,851,303 | $19,399,994 | $6,839,170 | $11,825,406 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $11,175,469 | $10,198,021 | $8,916,761 | $7,806,836 | $9,735,382 |
| Management and general | $1,107,340 | $963,749 | $975,917 | $987,356 | $1,246,810 |
| Fundraising | $883,001 | $723,732 | $648,448 | $614,510 | $759,032 |
| Total expenses | $13,165,810 | $11,885,502 | $10,541,126 | $9,408,702 | $11,741,224 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $1,860,891 | $2,965,801 | $8,858,868 | ($2,569,532) | $84,182 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,860,891 | $2,965,801 | $8,858,868 | ($2,569,532) | $84,182 |
Compensation
| Name | Title | Compensation |
| Clay Romano | President | $158,512 |
| Andrew Brantley | VP of Financ | $75,981 |
Compensation data as of: 12/31/2023
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 12/4/2023. To update the information below, please email: [email protected]
History
For over 70 years, Waterfront Rescue Mission has been a beacon of hope for thousands of hungry and homeless men in Pensacola, Florida. Each night up to 150 homeless men come to the Mission, and are greeted with a nutritious meal, a warm shower, a clean change of clothes and a caring counselor who listens.
Many of these men are at the end of their rope; the Mission is a knot that they can hold on to. Waterfront Rescue Mission is determined to provide compassionate help, individual attention, a plan for success, and most of all, knowledge about the Gospel.
Waterfront serves thousands of guests each year in its Pensacola and Mobile shelters, constructed in 2012 and 2013 respectively. Both facilities provide overnight shelter, as well as short-term programs for homeless, connection to VA services, a Recuperation dorm for our injured or ill guests, plus access to the LifeBuilder Recovery Program and Career Development Program.
Waterfront Rescue Mission has served over 60,000 hungry and homeless individuals since its inception in 1949. The Mission meets the basic physical needs of the men who come off the streets for a place to sleep and collaborates with numerous community partners to connect guests to vital services, such as physical and mental health care, women's services, life skills, job opportunities, Veterans' services, and permanent housing. Waterfront's goal is to meet each guest as a friend and to help determine next steps to help them on the path to healing and restoration.
Program accomplishments
Our outcomes-driven, accountable approach has helped 60,000+ individuals get the life-changing help they need, since 1949.