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

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating869 of 111083 of 121
Fund acquisition rating826 of 111177 of 121
Resource allocation rating880 of 111198 of 121
Asset utilization rating510 of 111055 of 121

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%8%7%9%7%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%8%7%8%7%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%100%100%92%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%10%10%8%8%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%0%0%8%0%0%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%73%68%71%72%75%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%84%67%95%88%83%
Program output ratio Program output ratio =
Program services /
Total revenue
77%61%45%68%64%63%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%16%33%5%12%17%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%18%39%6%18%27%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%17%22%20%20%19%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.860.910.781.191.331.35
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.761.061.081.151.181.21
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.790.970.851.361.571.65
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.920.000.000.000.000.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.000.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.0412.3714.198.817.667.29
 
Solvency ratiosSector median20222021202020192018
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
100%109%128%84%75%74%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$2,061,598$1,658,248$955,232$874,457$697,366
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$2,061,598$1,658,248$955,232$874,457$697,366
Long-term investments$0$0$0$0$0
Fixed assets$127,073$139,777$141,815$153,463$149,685
Other long-term assets$0$0$0$0$0
Total long-term assets$127,073$139,777$141,815$153,463$149,685
Total assets$2,188,671$1,798,025$1,097,047$1,027,920$847,051
 
Liabilities20222021202020192018
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 assets20222021202020192018
Without donor restrictions$1,509,427$1,323,600$729,632$648,142$485,422
With donor restrictions$679,244$474,425$367,415$379,778$361,629
Net assets$2,188,671$1,798,025$1,097,047$1,027,920$847,051
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$2,390,920$2,103,683$1,256,905$1,546,557$1,375,873
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$0$113,065$4,960$0
Total other revenue$0$0$113,065$4,960$0
Total revenue$2,390,920$2,103,683$1,369,970$1,551,517$1,375,873
 
Expenses20222021202020192018
Program services$1,456,117$954,799$928,342$988,009$860,493
Management and general$347,902$305,121$264,746$272,345$219,280
Fundraising$196,255$142,785$107,755$110,294$67,908
Total expenses$2,000,274$1,402,705$1,300,843$1,370,648$1,147,681
 
Change in net assets20222021202020192018
Surplus (deficit)$390,646$700,978$69,127$180,869$228,192
Other changes in net assets$0$0$0$0$0
Total change in net assets$390,646$700,978$69,127$180,869$228,192

Compensation

NameTitleCompensation
Dr Stuart SheehanPresident An$192,331
Gary BarkerVP, Cfo, & C$133,734
Craig KendrickAssociate Di$109,620
Billy RossVice Preside$99,196

Compensation data as of: 12/31/2022


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


Needs