Gospel Rescue Mission Inc. 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/22/2021. To update the information in this column, please email: info@ministrywatch.com
Summary
The Gospel Rescue Mission, Inc. is a 501/c/3 non-profit corporation that exists as a poverty reduction center. God is using the Gospel Rescue Mission to set the captives free, to heal the broken hearted and to restore lives.
Contact information
Mailing address:
Gospel Rescue Mission
323 Callahan
Muskogee, OK 74401
Website: grmmuskogee.org
Phone: 918-682-3489
Email: rich.schaus@grmmuskogee.org
Organization details
EIN: 736104283
CEO/President: Rich Schaus
Chairman: Jim Wallingford
Board size: 15
Founder:
Ruling year: 1934
Tax deductible: Yes
Fiscal year end: 09/30
Member of ECFA: Yes
Member of ECFA since: 2016
Purpose
Our purpose is to maintain a benevolent charitable program for the needy.
Mission statement
Partnering with the community to serve those who are in crisis to restore them to freedom and purpose through the transforming power of the gospel. Currently our services are focused on those who are experiencing the crisis of hunger, homelessness, and hopelessness.
Statement of faith
The Scriptures - The Holy Bible (Old and New Testament) was written by men divinely inspired and is God's Revelation of himself to man. It is a perfect treasure of divine instruction.
God - There is one and only one Living and True God. The eternal triune God reveals himself to us as Father, Son (Jesus), and Holy Spirit, with distinct personal attributes, but without division of nature, essence, or being.
Man - Man is the special creation of God, made in His own image. He created them male and female as the crowning work of His creation. The gift of gender is thus part of the goodness of God's creation. Only the Grace of God can bring man into His Holy Fellowship and enable man to fulfill the creative purpose of God. The sacredness of human personality is evident in that God created man in His own image, and in that Christ died for man; therefore, every person of every race possesses full dignity and is worthy of respect and Christian love.
Salvation - Through the temptation of Satan, man transgressed the Command of God, and fell from his original innocence whereby his posterity inherit a nature and an environment inclined toward sin, and are transgressors and are under condemnation.
Salvation involves the redemption of the whole man, and is offered freely to all who accept Jesus Christ as Lord and Savior, who by His own blood obtained eternal redemption for the Believer. There is no Salvation apart from personal faith in Jesus Christ as Lord.
Last Things - God, in His own time and in His own way, will bring the world to its appropriate end. According to His promise, Jesus Christ will return personally and visibly in Glory to the Earth; The dead will be raised; and Christ will judge all men in righteousness. The unrighteous will be consigned to Hell, the place of everlasting punishment. The righteous in their resurrected and glorified bodies will receive their reward and will dwell forever in Heaven with the Lord.
Stewardship - God is the source of all blessings, temporal and spiritual; All that we have and are we owe to Him. Christians have a spiritual debtorship to the whole world, a Holy trusteeship in the Gospel, and a binding stewardship in their possessions.
The Family - God has ordained the Family as the foundational institution of human society. It is composed of persons related to one another by marriage, blood, or adoption.
Marriage is the uniting of one man and one woman in covenant commitment for a lifetime.
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 | | 290 of 1022 | 57 of 160 |
| Fund acquisition rating | | 98 of 1024 | 11 of 160 |
| Resource allocation rating | | 381 of 1024 | 62 of 160 |
| Asset utilization rating | | 698 of 1022 | 123 of 160 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 0% | 0% | 1% | 5% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 0% | 0% | 2% | 5% | 5% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 91% | 80% | 92% | 118% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 0% | 0% | 1% | 12% | 8% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 20% | 8% | -18% | 0% | 0% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 82% | 82% | 81% | 75% | 77% |
Spending ratio Spending ratio = Total expenses / Total revenue | 89% | 99% | 62% | 164% | 47% | 58% |
Program output ratio Program output ratio = Program services / Total revenue | 70% | 81% | 50% | 132% | 35% | 44% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 11% | 1% | 38% | -64% | 53% | 42% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 8% | 0% | 18% | -12% | 33% | 16% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 18% | 18% | 18% | 14% | 15% |
| Investing ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.55 | 0.31 | 0.28 | 0.31 | 0.29 | 0.20 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.27 | 2.75 | 2.95 | 6.23 | 5.70 | 1.93 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.85 | 0.85 | 0.84 | 1.94 | 1.63 | 0.38 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 12.95 | 97.12 | 16.55 | 24.27 | 12.54 | 4.61 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.01 | 0.06 | 0.04 | 0.08 | 0.22 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.53 | 14.01 | 13.47 | 5.93 | 6.79 | 24.59 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 0% | 2% | 1% | 1% | 11% |
Debt ratio Debt ratio = Debt / Total assets | 1% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 150% | 324% | 345% | 319% | 346% | 449% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cash | $315,524 | $435,638 | $199,214 | $89,532 | $631,415 |
| Receivables, inventories, prepaids | $284,828 | $142,010 | $114,010 | $297,297 | $219,425 |
| Short-term investments | $263,816 | $231,587 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $864,168 | $809,235 | $313,224 | $386,829 | $850,840 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,515,802 | $1,575,899 | $1,636,708 | $1,817,819 | $793,337 |
| Other long-term assets | $250 | $250 | $250 | $0 | $0 |
| Total long-term assets | $1,516,052 | $1,576,149 | $1,636,958 | $1,817,819 | $793,337 |
| Total assets | $2,380,220 | $2,385,384 | $1,950,182 | $2,204,648 | $1,644,177 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $8,898 | $48,885 | $12,904 | $30,857 | $184,493 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $8,898 | $48,885 | $12,904 | $30,857 | $184,493 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $2 | $2 | $0 | $0 |
| Total long-term liabilities | $0 | $2 | $2 | $0 | $0 |
| Total liabilities | $8,898 | $48,887 | $12,906 | $30,857 | $184,493 |
| Net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $2,371,322 | $2,336,497 | $1,937,276 | $2,173,791 | $697,899 |
| With donor restrictions | $0 | $0 | $0 | $0 | $761,785 |
| Net assets | $2,371,322 | $2,336,497 | $1,937,276 | $2,173,791 | $1,459,684 |
| Revenues and expenses | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $593,432 | $1,018,180 | $439,575 | $1,336,436 | $565,246 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $33,312 | ($12,881) | ($90,847) | $174 | $75 |
| Other revenue | $116,250 | $96,085 | $22,818 | $6,285 | $0 |
| Total other revenue | $149,562 | $83,204 | ($68,029) | $6,459 | $75 |
| Total revenue | $742,994 | $1,101,384 | $371,546 | $1,342,895 | $565,321 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| Program services | $598,401 | $552,921 | $490,785 | $470,502 | $251,416 |
| Management and general | $134,329 | $124,682 | $111,192 | $85,724 | $47,453 |
| Fundraising | $0 | $0 | $6,084 | $72,562 | $26,267 |
| Total expenses | $732,730 | $677,603 | $608,061 | $628,788 | $325,136 |
| Change in net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | $10,264 | $423,781 | ($236,515) | $714,107 | $240,185 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $10,264 | $423,781 | ($236,515) | $714,107 | $240,185 |
Compensation
| Name | Title | Compensation |
| Rich Schaus | Executive Dir. | $79,250 |
Compensation data as of: 9/30/2021
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 10/22/2021. To update the information below, please email: info@ministrywatch.com