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

CategoryRatingOverall rankSector rank
Overall efficiency rating150 of 107719 of 140
Fund acquisition rating384 of 107855 of 140
Resource allocation rating434 of 107840 of 140
Asset utilization rating21 of 10774 of 140

Financial ratios

Funding ratiosSector median20202019201820172016
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 ratiosSector median20202019201820172016
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 ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.157.5817.3315.086.9724.80
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.181.091.121.131.071.34
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.648.2419.4717.037.4533.18
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
23.960.004.614.7412.390.81
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.040.000.220.210.081.24
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.681.460.480.561.48-0.09
 
Solvency ratiosSector median20202019201820172016
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
 
Assets20202019201820172016
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
 
Liabilities20202019201820172016
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 assets20202019201820172016
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
 
Revenue20202019201820172016
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
 
Expenses20202019201820172016
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 assets20202019201820172016
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

NameTitleCompensation
John Ivan TaitPresident$127,615
Kimberly TaitVice 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]


History


Program accomplishments


Needs