Montana Rescue Mission

The information on this page was last updated 7/11/2023. If you see errors or omissions, please email: [email protected]


Summary

The Montana Rescue Mission has been serving the homeless in Billings, MT, Yellowstone County for more than 60 years, providing food, shelter, and clothing to hundreds of men, women and children every day. This care is provided through our two shelters. We also provide life transformation through our rehabilitative services.


Contact information

Mailing address:
Montana Rescue Mission
P.O. Box 3232
Billings, MT 59103

Website: montanarescuemission.org

Phone: 406-259-3800

Email: [email protected]


Organization details

EIN: 816013963

CEO/President: Matthew Lundgren

Chairman: Rev. Josh Charette and Cory Bruce

Board size: 15

Founder: group of Christian men

Ruling year: 1957

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Our core values are to treat all people with dignity, compassion, and respect. Our programs and services are designed to help end the cyclical nature of homelessness. We are addressing causes, such as addictions, generational poverty, lack of education, poor budgeting skills, diminished mental or physical capacity, and others as well as serving those who are struggling to overcome these barriers one person at a time.


Mission statement

To reflect the love of Jesus Christ, by providing emergency, temporary, and rehabilitative care for those experiencing hunger and homelessness.


Statement of faith

We believe in the Scripture of the Old and New Testament as verbally inspired of God, and inerrant in the original writings, and that they are of supreme and final authority in faith and life.

We believe in one God, eternally existing in three persons; the Father, Son and Holy Spirit.

We believe that Jesus Christ was begotten by the Holy Spirit, born of the virgin Mary, and is true God and true Man.

We believe that man was created in the image of God; that he sinned and thereby incurred not only physical death, but also spiritual death, which is separation from God.

We believe that all human beings are born with a sinful nature, and in the case of those who have reached the age of moral responsibility, become sinners in thought, word and deed.

We believe that the Lord Jesus Christ died for our sins according to the Scriptures, as a representative and substitutionary sacrifice; and that all who believe in Him are truly justified on the ground of His shed blood.

We believe in the resurrection of the crucified body of our Lord, in His ascension into Heaven, and His present life there for us, as High Priest and Advocate.

We believe in "that blessed hope", the personal and imminent return of our Lord and Savior, Jesus Christ.

We believe that all those who receive, by faith, the Lord Jesus Christ are born again of the Holy Spirit and thereby become children of God.

Lastly, we believe in the bodily resurrection of the just and the unjust; everlasting blessedness of the saved, and everlasting, conscious punishment of the lost.

Donor confidence score

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Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating796 of 111092 of 141
Fund acquisition rating252 of 111119 of 141
Resource allocation rating854 of 1111102 of 141
Asset utilization rating977 of 1110131 of 141

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
12%5%5%6%16%27%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%4%3%5%11%16%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%85%64%81%71%60%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%9%7%9%15%18%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%15%36%19%29%40%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%70%69%68%63%77%
Spending ratio Spending ratio =
Total expenses /
Total revenue
90%48%41%50%74%89%
Program output ratio Program output ratio =
Program services /
Total revenue
71%34%28%34%47%68%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
10%52%59%50%26%11%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%25%40%39%20%8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%21%23%23%22%5%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.220.270.380.520.65
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.863.751.321.501.501.55
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.690.840.350.570.771.00
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.6737.41102.3268.4627.6543.13
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.030.010.010.040.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.4513.8933.8420.7214.9511.71
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%5%1%2%9%6%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%4%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
157%424%370%259%177%145%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$1,961,371$8,058,810$3,235,990$1,424,026$663,325
Receivables, inventories, prepaids$844,625$105,842$9,173$0$12,497
Short-term investments$2,259,691$2,111,852$2,632,773$2,071,165$1,952,902
Other current assets$0$0$0$0$0
Total current assets$5,065,687$10,276,504$5,877,936$3,495,191$2,628,724
Long-term investments$0$0$0$0$0
Fixed assets$1,503,896$1,548,848$1,767,353$1,639,564$1,327,568
Other long-term assets$12,405,318$1,689,588$1,187,811$98,725$109,022
Total long-term assets$13,909,214$3,238,436$2,955,164$1,738,289$1,436,590
Total assets$18,974,901$13,514,940$8,833,100$5,233,480$4,065,314
 
Liabilities20232022202120202019
Payables and accrued expenses$135,396$100,434$85,858$126,389$60,949
Other current liabilities$0$0$0$0$0
Total current liabilities$135,396$100,434$85,858$126,389$60,949
Debt$0$0$20,845$20,845$150,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$772,206$47,578$49,535$313,175$37,636
Total long-term liabilities$772,206$47,578$70,380$334,020$187,636
Total liabilities$907,602$148,012$156,238$460,409$248,585
 
Net assets20232022202120202019
Without donor restrictions$10,592,362$7,997,446$4,725,516$3,040,363$1,925,905
With donor restrictions$7,474,937$5,369,482$3,951,346$1,732,708$1,890,824
Net assets$18,067,299$13,366,928$8,676,862$4,773,071$3,816,729
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$7,518,904$5,693,038$5,489,513$2,568,176$1,759,062
Program service revenue$99,505$190,989$152,877$0$0
Membership dues$0$0$0$0$0
Investment income$126,261$1,667,340$81,277$111,021$143,885
Other revenue$1,080,736$1,345,996$1,041,048$962,134$1,042,611
Total other revenue$1,306,502$3,204,325$1,275,202$1,073,155$1,186,496
Total revenue$8,825,406$8,897,363$6,764,715$3,641,331$2,945,558
 
Expenses20232022202120202019
Program services$2,969,403$2,500,354$2,268,846$1,699,532$2,015,983
Management and general$902,730$846,071$767,263$589,660$143,341
Fundraising$387,976$262,162$318,582$414,516$471,040
Total expenses$4,260,109$3,608,587$3,354,691$2,703,708$2,630,364
 
Change in net assets20232022202120202019
Surplus (deficit)$4,565,297$5,288,776$3,410,024$937,623$315,194
Other changes in net assets$0$0$0$0$0
Total change in net assets$4,565,297$5,288,776$3,410,024$937,623$315,194

Compensation

NameTitleCompensation
Matt LundgrenExecutive Dir.$275,124

Compensation data as of: 6/30/2023


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 7/11/2023. To update the information below, please email: [email protected]


History

In response to God's prompting and through the vision of a group of Christian men, Montana Rescue Mission (MRM) was opened in the late 1940's as a beacon of hope for the homeless in our area.

1949 began serving holiday meals
Organized in 1955 as Christ's Rescue Mission
Incorporated in 1957 as a 501(c) (3) tax exempt non-profit and the name changed to Montana Rescue Mission
Located at different locations during the 1950's and 1960's
In the late 1960's, MRM moved to North 26th Street.
In the late 1970's, MRM moved to 2822 Minnesota Avenue.
In 1985, the first Bargain Center was opened to provide financial support to the Shelters. The store is currently located at 1233 24th Street West.
In 1991, MRM opened the Shelter for Women & Families located in the former Lincoln Hotel at 2520 1st Avenue North.
In 2021, MRM combined the Women & Families Shelter with the Men's Shelter located at 2822 Minnesota Avenue.


While the size and complexity of MRM has grown over the last 60 years, at its heart is the love and compassion of God demonstrated through service to others. We are the Gospel lived out!


Program accomplishments

In 2021 we provided...
108,000 meals
36,000 sheltered nights


Needs