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

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating77 of 110412 of 143
Fund acquisition rating303 of 110546 of 143
Resource allocation rating272 of 110536 of 143
Asset utilization rating106 of 110416 of 143

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%3%4%4%4%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%3%3%3%4%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%91%89%90%93%96%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%3%4%4%4%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%9%11%10%7%4%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%90%89%87%87%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%91%93%93%100%106%
Program output ratio Program output ratio =
Program services /
Total revenue
82%82%83%82%87%89%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%9%7%7%0%-6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%40%41%57%2%-106%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
8%7%7%9%9%11%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.324.085.687.5817.3315.08
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.211.061.151.091.121.13
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.964.316.508.2419.4717.03
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
18.810.000.000.004.614.74
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.000.000.000.220.21
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.672.791.851.460.480.56
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%4%2%7%19%19%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
68%23%17%12%5%5%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$914,388$492,764$320,100$153,563$148,762
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$914,388$492,764$320,100$153,563$148,762
Long-term investments$0$0$0$0$0
Fixed assets$52,135$71,512$27,941$18,943$19,231
Other long-term assets$0$0$0$0$0
Total long-term assets$52,135$71,512$27,941$18,943$19,231
Total assets$966,523$564,276$348,041$172,506$167,993
 
Liabilities20222021202020192018
Payables and accrued expenses$0$0$0$33,306$31,407
Other current liabilities$0$0$0$0$0
Total current liabilities$0$0$0$33,306$31,407
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$42,648$12,667$25,052$0$0
Total long-term liabilities$42,648$12,667$25,052$0$0
Total liabilities$42,648$12,667$25,052$33,306$31,407
 
Net assets20222021202020192018
Without donor restrictions$0$0$0$0$0
With donor restrictions$0$0$0$0$0
Net assets$923,875$551,609$322,989$139,200$136,586
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$3,916,154$3,063,081$2,533,925$2,783,013$2,298,695
Program service revenue$323,191$316,387$244,804$138,144$4,000
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$71,594$51,813$42,269$70,620$85,509
Total other revenue$394,785$368,200$287,073$208,764$89,509
Total revenue$4,310,939$3,431,281$2,820,998$2,991,777$2,388,204
 
Expenses20222021202020192018
Program services$3,543,985$2,853,000$2,303,317$2,607,213$2,130,089
Management and general$263,125$233,105$239,292$270,351$286,114
Fundraising$131,563$116,556$94,600$111,599$116,730
Total expenses$3,938,673$3,202,661$2,637,209$2,989,163$2,532,933
 
Change in net assets20222021202020192018
Surplus (deficit)$372,266$228,620$183,789$2,614($144,729)
Other changes in net assets$0$0$0$0$0
Total change in net assets$372,266$228,620$183,789$2,614($144,729)

Compensation

NameTitleCompensation
John Ivan TaitPresident$142,621
Kimberly TaitVice President$77,981

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 3/27/2023. To update the information below, please email: [email protected]


History


Program accomplishments


Needs