Word for the World USA 
The information on this page was last updated 11/30/2022. If you see errors or omissions, please email: [email protected]
Summary
The Word For The World trains Bibleless people to translate the Bible into their own language. Become part of the vision to bring God's Word to all people in their heart language by 2050!
Contact information
Mailing address:
Word for the World USA
PO Box 26363
Colorado Springs, CO 80936
Website: twftwusa.org
Phone: 719-594-2052
Email: [email protected]
Organization details
EIN: 841426685
CEO/President: Peter Bradley
Chairman: Steve Prensner
Board size: 7
Founder: Dr. Veroni Krger
Ruling year: 1997
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2013
Purpose
Our Vision is the glory of God through transformed lives by the power of His Word in everyone's heart language. Our goal is to be instrumental in the completion of the first-time translation of the complete Bible in 500 languages by 2050 and to help other translation agencies in as many other Bible translation projects as we can.
Core Values
We Value:
The Word of God - God desires to speak to people through the entire Bible. Therefore, our goal for every language in which we work is to translate the entire Bible.
First-time Bible translations - We are passionate about giving priority to first-time Bible translations because that is where Bible translation is most needed.
Respect for all cultures - Each people group is a blessing from God and has the right to hear God speaking to them in their own language.
Interaction with our partners - We see ourselves as co-servants with other ministries, and with our intercessors, volunteers and financial supporters.
Excellence in serving the Lord - We dedicate our efforts to pleasing God above all. Our excellence is evidenced through the:- Integrity of our conduct- Innovation of our methods- Discipline of our stewardship- Combining of sound academic principles and practical skills in our empowering of nationals for Bible translation.
Mission statement
Our Mission is to empower indigenous persons and organizations for Bible translation.
Statement of faith
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Bible Translation Organizations
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 199 of 1096 | 1 of 16 |
| Fund acquisition rating | | 241 of 1098 | 2 of 16 |
| Resource allocation rating | | 176 of 1098 | 4 of 16 |
| Asset utilization rating | | 604 of 1096 | 6 of 16 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 3% | 5% | 5% | 6% | 8% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 3% | 5% | 5% | 6% | 8% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 100% | 100% | 100% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 7% | 4% | 6% | 5% | 6% | 8% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 0% | 0% | 0% | 0% | 0% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 90% | 87% | 88% | 87% | 84% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 77% | 89% | 89% | 98% | 96% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 69% | 77% | 78% | 85% | 81% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | 23% | 11% | 11% | 2% | 4% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 11% | 57% | 35% | 45% | 13% | 15% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 7% | 6% | 7% | 7% | 7% | 8% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.96 | 1.16 | 1.19 | 1.26 | 1.31 | 1.21 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.23 | 1.01 | 1.00 | 1.00 | 1.00 | 1.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.88 | 1.17 | 1.19 | 1.26 | 1.31 | 1.22 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.55 | 2.60 | 1.70 | 1.60 | 1.32 | 1.51 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.39 | 0.59 | 0.63 | 0.76 | 0.66 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.55 | 6.31 | 4.16 | 3.56 | 2.25 | 3.34 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 15% | 39% | 59% | 65% | 75% | 66% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 2% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 80% | 53% | 35% | 28% | 19% | 28% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $6,331,472 | $4,111,511 | $3,129,459 | $2,470,716 | $1,548,826 |
| Receivables, inventories, prepaids | $34,508 | $0 | $0 | $0 | $0 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $6,365,980 | $4,111,511 | $3,129,459 | $2,470,716 | $1,548,826 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $0 | $0 | $0 | $0 | $897 |
| Other long-term assets | $49,362 | $2,474 | $2,474 | $2,474 | $2,474 |
| Total long-term assets | $49,362 | $2,474 | $2,474 | $2,474 | $3,371 |
| Total assets | $6,415,342 | $4,113,985 | $3,131,933 | $2,473,190 | $1,552,197 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $0 | $1,690 | $30,316 | $1,052 | $0 |
| Other current liabilities | $2,452,814 | $2,410,971 | $1,927,379 | $1,865,682 | $1,023,502 |
| Total current liabilities | $2,452,814 | $2,412,661 | $1,957,695 | $1,866,734 | $1,023,502 |
| Debt | $0 | $0 | $65,949 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $44,432 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $44,432 | $0 | $65,949 | $0 | $0 |
| Total liabilities | $2,497,246 | $2,412,661 | $2,023,644 | $1,866,734 | $1,023,502 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $2,283,636 | $1,136,447 | $707,365 | $606,456 | $402,051 |
| With donor restrictions | $1,634,460 | $564,877 | $400,924 | $0 | $126,644 |
| Net assets | $3,918,096 | $1,701,324 | $1,108,289 | $606,456 | $528,695 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $9,630,010 | $5,476,949 | $4,433,439 | $3,304,551 | $1,962,473 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $23,408 | $14,408 | $13,063 | $1,598 | $0 |
| Other revenue | $4,054 | $0 | $0 | $0 | $0 |
| Total other revenue | $27,462 | $14,408 | $13,063 | $1,598 | $0 |
| Total revenue | $9,657,472 | $5,491,357 | $4,446,502 | $3,306,149 | $1,962,473 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $6,692,990 | $4,252,320 | $3,467,442 | $2,808,332 | $1,586,074 |
| Management and general | $427,246 | $357,308 | $272,228 | $234,523 | $150,509 |
| Fundraising | $320,464 | $288,694 | $204,999 | $185,533 | $148,162 |
| Total expenses | $7,440,700 | $4,898,322 | $3,944,669 | $3,228,388 | $1,884,745 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $2,216,772 | $593,035 | $501,833 | $77,761 | $77,728 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $2,216,772 | $593,035 | $501,833 | $77,761 | $77,728 |
Compensation
| Name | Title | Compensation |
| Dr Veroni Kruger | Founder | $109,000 |
| Peter Bradley | CEO (through 10/01/2022) | $105,000 |
| Stacy Prater | Director of Finance | $70,000 |
| Travis Williams | Board Member | $11,250 |
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 11/30/2022. To update the information below, please email: [email protected]
History
Program accomplishments
TWFTW has over 168 Bible translation projects in progress, with many more ready to begin. With God's leading and with partners like you, we are working alongside 10 leading Bible translation agencies to bring the Gospel to Bible-less community by 2050.