What Matters Ministries and Missions 
The information on this page was last updated 3/27/2023. If you see errors or omissions, please email: [email protected]
Summary
What Matters Ministries and Missions is a partner-based, non-profit organization.
Contact information
Mailing address:
What Matters Ministries and Missions
PO Box 62820
Colorado Springs, CO 80962
Website: whatmattersmm.org
Phone: 719-495-9494
Email: [email protected]
Organization details
EIN: 841414003
CEO/President: Pastor Ivan Tait
Chairman:
Board size: 0
Founder: Ivan Tait
Ruling year: 1998
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2019
Purpose
Our vision is to impact and change the global crisis of forgotten, abused, and discarded children and widows in developing countries by providing self-esteem and value through education, housing, food, and health care.
Mission statement
Statement of faith
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Foreign Missions
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 150 of 1077 | 19 of 140 |
| Fund acquisition rating | | 384 of 1078 | 55 of 140 |
| Resource allocation rating | | 434 of 1078 | 40 of 140 |
| Asset utilization rating | | 21 of 1077 | 4 of 140 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 5% | 4% | 4% | 5% | 3% | 4% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 3% | 4% | 5% | 3% | 4% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 90% | 93% | 96% | 87% | 81% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 4% | 4% | 5% | 3% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 10% | 7% | 4% | 13% | 19% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 87% | 87% | 84% | 84% | 84% |
Spending ratio Spending ratio = Total expenses / Total revenue | 89% | 93% | 100% | 106% | 89% | 110% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 82% | 87% | 89% | 74% | 93% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 11% | 7% | 0% | -6% | 11% | -10% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 15% | 57% | 2% | -106% | 98% | -3068% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 9% | 9% | 11% | 13% | 12% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.15 | 7.58 | 17.33 | 15.08 | 6.97 | 24.80 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.18 | 1.09 | 1.12 | 1.13 | 1.07 | 1.34 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.64 | 8.24 | 19.47 | 17.03 | 7.45 | 33.18 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 23.96 | 0.00 | 4.61 | 4.74 | 12.39 | 0.81 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.04 | 0.00 | 0.22 | 0.21 | 0.08 | 1.24 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.68 | 1.46 | 0.48 | 0.56 | 1.48 | -0.09 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 6% | 7% | 19% | 19% | 8% | 93% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 82% | 12% | 5% | 5% | 13% | 0% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $320,100 | $153,563 | $148,762 | $284,784 | $58,626 |
| 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 | $320,100 | $153,563 | $148,762 | $284,784 | $58,626 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $27,941 | $18,943 | $19,231 | $19,519 | $19,807 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $27,941 | $18,943 | $19,231 | $19,519 | $19,807 |
| Total assets | $348,041 | $172,506 | $167,993 | $304,303 | $78,433 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $0 | $33,306 | $31,407 | $22,988 | $72,696 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $0 | $33,306 | $31,407 | $22,988 | $72,696 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $25,052 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $25,052 | $0 | $0 | $0 | $0 |
| Total liabilities | $25,052 | $33,306 | $31,407 | $22,988 | $72,696 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $0 | $0 | $0 | $0 | $0 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $322,989 | $139,200 | $136,586 | $281,315 | $5,737 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $2,533,925 | $2,783,013 | $2,298,695 | $2,095,270 | $1,433,978 |
| Program service revenue | $244,804 | $138,144 | $4,000 | $221,753 | $192,293 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $50 |
| Other revenue | $42,269 | $70,620 | $85,509 | $80,614 | $143,053 |
| Total other revenue | $287,073 | $208,764 | $89,509 | $302,367 | $335,396 |
| Total revenue | $2,820,998 | $2,991,777 | $2,388,204 | $2,397,637 | $1,769,374 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $2,303,317 | $2,607,213 | $2,130,089 | $1,783,295 | $1,640,259 |
| Management and general | $239,292 | $270,351 | $286,114 | $273,021 | $241,621 |
| Fundraising | $94,600 | $111,599 | $116,730 | $65,743 | $63,533 |
| Total expenses | $2,637,209 | $2,989,163 | $2,532,933 | $2,122,059 | $1,945,413 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $183,789 | $2,614 | ($144,729) | $275,578 | ($176,039) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $183,789 | $2,614 | ($144,729) | $275,578 | ($176,039) |
Compensation
| Name | Title | Compensation |
| John Ivan Tait | President | $127,615 |
| Kimberly Tait | Vice President | $68,018 |
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 3/27/2023. To update the information below, please email: [email protected]