World Hope Ministries International 
The information on this page was last updated 4/6/2023. If you see errors or omissions, please email: [email protected]
Summary
Training Pastors. Growing Churches. Transforming Communities, We believe community transformation comes through healthy churches, and healthy churches require trained pastors.
Contact information
Mailing address:
World Hope Ministries International
17111 Old Louetta Rd
Houston, TX 77070
Website: whmi.org
Phone: 281-978-4570
Email: [email protected]
Organization details
EIN: 741950943
CEO/President: Stuart Sheehan
Chairman: Russell Ginn
Board size: 15
Founder: Dr. George Harold Davis
Ruling year: 1978
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2011
Purpose
World Hope Ministries International (WHMI) is a Christian ministry engaged in training pastors, growing churches, and transforming communities. Our vision is sequential; we train, we help churches become healthier so they can grow, and we work to see gospel transformation in communities. Through its Bible Institute, the training arm of WHMI, thousands of students receive quality theological education in countries located around the world. Our strategic approach has made WHMI an international leader in providing theological education to pastors in remote areas. The success has been possible because of the quality of training that WHMI provides and its growth strategy. Rather than continuing to recruit instructors from the U.S., qualified Bible Institute graduates are recruited and vetted to become instructors in new WHMI Bible Institute locations. New, second-generation locations are led by nationals within each country. This allows WHMI's training to be multiplied within countries around the world after the Institute's initial investment is made. The impact is enhanced by the fact that the Institute is a trusted and valuable partner to other Christian nonprofits, global mission organizations, and NGOs that are working to grow healthy churches and transform communities around the world. As pastors are trained, WHMI Global Reach mobilizes teams to work with trained pastors and leaders to help them realize gospel transformation in their communities.
Mission statement
Statement of faith
Visit: https://www.whmi.org/about-us/what-we-believe.html
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 875 of 1077 | 105 of 142 |
| Fund acquisition rating | | 743 of 1078 | 85 of 142 |
| Resource allocation rating | | 931 of 1078 | 123 of 142 |
| Asset utilization rating | | 560 of 1077 | 75 of 142 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 7% | 9% | 7% | 5% | 4% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 7% | 8% | 7% | 5% | 4% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 100% | 92% | 100% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 10% | 8% | 8% | 6% | 5% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | 0% | 8% | 0% | 0% | 0% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 68% | 71% | 72% | 75% | 77% |
Spending ratio Spending ratio = Total expenses / Total revenue | 87% | 67% | 95% | 88% | 83% | 88% |
Program output ratio Program output ratio = Program services / Total revenue | 69% | 45% | 68% | 64% | 63% | 68% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 13% | 33% | 5% | 12% | 17% | 12% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 18% | 39% | 6% | 18% | 27% | 25% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 22% | 20% | 20% | 19% | 18% |
| Investing ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.87 | 0.78 | 1.19 | 1.33 | 1.35 | 1.93 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.60 | 1.08 | 1.15 | 1.18 | 1.21 | 1.35 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.64 | 0.85 | 1.36 | 1.57 | 1.65 | 2.60 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.75 | 14.19 | 8.81 | 7.66 | 7.29 | 4.61 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 0% | 0% | 0% | 0% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 89% | 128% | 84% | 75% | 74% | 52% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cash | $1,658,248 | $955,232 | $874,457 | $697,366 | $459,032 |
| Receivables, inventories, prepaids | $0 | $0 | $0 | $0 | $0 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,658,248 | $955,232 | $874,457 | $697,366 | $459,032 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $139,777 | $141,815 | $153,463 | $149,685 | $159,827 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $139,777 | $141,815 | $153,463 | $149,685 | $159,827 |
| Total assets | $1,798,025 | $1,097,047 | $1,027,920 | $847,051 | $618,859 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $0 | $0 | $0 | $0 | $0 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $0 | $0 | $0 | $0 | $0 |
| Debt | $0 | $0 | $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 | $0 | $0 | $0 | $0 |
| Total liabilities | $0 | $0 | $0 | $0 | $0 |
| Net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $1,323,600 | $729,632 | $648,142 | $485,422 | $427,221 |
| With donor restrictions | $474,425 | $367,415 | $379,778 | $361,629 | $191,638 |
| Net assets | $1,798,025 | $1,097,047 | $1,027,920 | $847,051 | $618,859 |
| Revenues and expenses | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $2,103,683 | $1,256,905 | $1,546,557 | $1,375,873 | $1,349,650 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $113,065 | $4,960 | $0 | $0 |
| Total other revenue | $0 | $113,065 | $4,960 | $0 | $0 |
| Total revenue | $2,103,683 | $1,369,970 | $1,551,517 | $1,375,873 | $1,349,650 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| Program services | $954,799 | $928,342 | $988,009 | $860,493 | $923,358 |
| Management and general | $305,121 | $264,746 | $272,345 | $219,280 | $211,500 |
| Fundraising | $142,785 | $107,755 | $110,294 | $67,908 | $58,775 |
| Total expenses | $1,402,705 | $1,300,843 | $1,370,648 | $1,147,681 | $1,193,633 |
| Change in net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | $700,978 | $69,127 | $180,869 | $228,192 | $156,017 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $700,978 | $69,127 | $180,869 | $228,192 | $156,017 |
Compensation
| Name | Title | Compensation |
| Dr Stuart Sheehan | President An | $173,676 |
| Gary Barker | VP of Financ | $80,585 |
Compensation data as of: 12/31/2019
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 4/6/2023. To update the information below, please email: [email protected]
History
WHMI was launched as a nonprofit organization more than 40 years ago by founder, Dr. Harold Davis and his wife Frances. From the beginning the singular focus as been engaging in the work of the Great Commission, a focus that has never changed. During those early years, the ministry trained and mobilized individuals from the United States to evangelize around the world. By the mid-1990s, WHMI began to develop long-term relationships with the citizens of countries such as Kenya, South Africa, India, and Honduras. As WHMI continued its work around the world, they began to see the great need of pastors to have theological training. In 2007, WHMI established the World Hope Bible Institute to deliver training to pastors in underserved and remote areas. The same passion for the gospel drives us today. WHMI works in nearly 30 nations around the world, training pastors, helping to grow healthy churches, and working to see gospel transformation in communities.
Program accomplishments
4799 Approximate # of WHBI Students Engaged as of Last Quarter
2411 Cumulative # of WHBI Graduates as of Last Quarter
133 WHBI Locations as of Last Quarter
1228 Cumulative # of Courses Taught Globally as of Last Quarter
27/37 # of WHBI Instructors on the Field Last Quarter (U.S. / Nationals)
199 # of Vetted WHBI Instructors------- U.S.-Based
162 # of Vetted WHBI Instructors - Nationals
8/2 WHGR Projects in Progress/Completed Q1 2022