Montana Rescue Mission

The information on this page was last updated 12/30/2021. 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
2902 Minnesota Avenue
Billings, MT 59101

Website: montanarescuemission.org

Phone: 406-259-3800

Email: [email protected]


Organization details

EIN: 816013963

CEO/President: Matthew Lundgren

Chairman: Josh Charette and Cory Bruce

Board size: 13

Founder:

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 rating616 of 1033101 of 161
Fund acquisition rating307 of 103547 of 161
Resource allocation rating854 of 1035137 of 161
Asset utilization rating571 of 103397 of 161

Financial ratios

Funding ratiosSector median20212020201920182015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%6%16%27%23%20%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%5%11%16%14%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%81%71%60%60%45%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%9%15%18%14%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%19%29%40%40%55%
 
Operating ratiosSector median20212020201920182015
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%68%63%77%83%77%
Spending ratio Spending ratio =
Total expenses /
Total revenue
87%50%74%89%98%105%
Program output ratio Program output ratio =
Program services /
Total revenue
69%34%47%68%81%80%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
13%50%26%11%2%-5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%39%20%8%2%-4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%23%22%5%3%15%
 
Investing ratiosSector median20212020201920182015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.550.380.520.650.940.87
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.971.501.501.551.632.39
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.740.570.771.001.532.07
 
Liquidity ratiosSector median20212020201920182015
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.3068.4627.6543.139.395.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.010.040.020.110.20
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.7920.7214.9511.717.004.63
 
Solvency ratiosSector median20212020201920182015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%2%9%6%12%14%
Debt ratio Debt ratio =
Debt /
Total assets
2%0%0%4%4%4%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
150%259%177%145%94%100%

Financials

Balance sheet
 
Assets20212020201920182015
Cash$3,235,990$1,424,026$663,325$258,676$342,758
Receivables, inventories, prepaids$9,173$0$12,497$0$0
Short-term investments$2,632,773$2,071,165$1,952,902$2,214,586$1,575,260
Other current assets$0$0$0$0$0
Total current assets$5,877,936$3,495,191$2,628,724$2,473,262$1,918,018
Long-term investments$0$0$0$0$0
Fixed assets$1,767,353$1,639,564$1,327,568$1,360,321$1,636,880
Other long-term assets$1,187,811$98,725$109,022$205,237$1,026,640
Total long-term assets$2,955,164$1,738,289$1,436,590$1,565,558$2,663,520
Total assets$8,833,100$5,233,480$4,065,314$4,038,820$4,581,538
 
Liabilities20212020201920182015
Payables and accrued expenses$85,858$126,389$60,949$263,300$383,976
Other current liabilities$0$0$0$0$0
Total current liabilities$85,858$126,389$60,949$263,300$383,976
Debt$20,845$20,845$150,000$151,530$187,243
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$49,535$313,175$37,636$60,170$49,245
Total long-term liabilities$70,380$334,020$187,636$211,700$236,488
Total liabilities$156,238$460,409$248,585$475,000$620,464
 
Net assets20212020201920182015
Without donor restrictions$4,725,516$3,040,363$1,925,905$1,708,595$2,273,819
With donor restrictions$3,951,346$1,732,708$1,890,824$1,855,225$1,687,255
Net assets$8,676,862$4,773,071$3,816,729$3,563,820$3,961,074
 
Revenues and expenses
 
Revenue20212020201920182015
Total contributions$5,489,513$2,568,176$1,759,062$2,313,835$1,724,997
Program service revenue$152,877$0$0$63,380$80,030
Membership dues$0$0$0$0$0
Investment income$81,277$111,021$143,885$102,272$126,683
Other revenue$1,041,048$962,134$1,042,611$1,383,826$1,870,064
Total other revenue$1,275,202$1,073,155$1,186,496$1,549,478$2,076,777
Total revenue$6,764,715$3,641,331$2,945,558$3,863,313$3,801,774
 
Expenses20212020201920182015
Program services$2,268,846$1,699,532$2,015,983$3,133,754$3,048,988
Management and general$767,263$589,660$143,341$122,301$584,972
Fundraising$318,582$414,516$471,040$532,381$339,193
Total expenses$3,354,691$2,703,708$2,630,364$3,788,436$3,973,153
 
Change in net assets20212020201920182015
Surplus (deficit)$3,410,024$937,623$315,194$74,877($171,379)
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,410,024$937,623$315,194$74,877($171,379)

Compensation

NameTitleCompensation
Matt LundgrenExecutive Dir.$186,239

Compensation data as of: 6/30/2021


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 12/30/2021. 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.


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 2019 we provided...
104,716 meals
1,220 sheltered
21,342 bed nights


Needs