The Rescue Mission of Tacoma 
The information on this page was last updated 5/13/2026. If you see errors or omissions, please email: [email protected]
Summary
We support all people - including clients, volunteers, community partners, and staff - to become their best. We provide emergency services such as shelter and meals to neighbors experiencing homelessness. We offer supportive housing and addiction recovery programs that promote self-sufficiency, sustainable transformation, and stability. We share our Christian faith within a loving and inclusive community.
Contact information
Mailing address:
The Rescue Mission
P.O. Box 1912
Tacoma, WA 98401
Website: www.trm.org
Phone: 253.383.4493
Email: [email protected]
Organization details
EIN: 910565014
CEO/President: Duke Paulson
Chairman: Austin Miller
Board size: 9
Founder:
Ruling year: 1940
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
That every person experiencing homelessness in Pierce County has a pathway into a stable home as they pursue God's plan for their lives
Mission statement
Sharing God's love, hope & support with our neighbors in need to uplift communities.
Statement of faith
Articles
| 5/29/2026 | Reformation Bible College Receives 'Withhold Giving' Donor Confidence Score |
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 556 of 1420 | 61 of 159 |
| Fund acquisition rating | | 411 of 1420 | 38 of 159 |
| Resource allocation rating | | 516 of 1420 | 46 of 159 |
| Asset utilization rating | | 968 of 1421 | 117 of 159 |
According to the organization's Form 990, it received $5,318,932 in government grants in 2025.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 5% | 8% | 7% | 10% | 9% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 5% | 7% | 7% | 9% | 8% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 93% | 92% | 93% | 92% | 94% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 6% | 7% | 7% | 9% | 10% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 7% | 8% | 7% | 8% | 6% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 81% | 86% | 87% | 86% | 83% | 81% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 79% | 103% | 101% | 101% | 81% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 68% | 90% | 87% | 84% | 66% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | 21% | -3% | -1% | -1% | 19% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 23% | -3% | -1% | -1% | 15% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 8% | 6% | 7% | 8% | 9% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.56 | 0.35 | 0.41 | 0.45 | 0.42 | 0.37 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.07 | 2.65 | 3.98 | 5.33 | 4.18 | 3.90 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.05 | 0.93 | 1.65 | 2.41 | 1.74 | 1.43 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.24 | 23.33 | 9.51 | 6.99 | 12.09 | 16.25 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.09 | 0.04 | 0.11 | 0.14 | 0.08 | 0.06 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.18 | 12.34 | 6.51 | 4.26 | 6.33 | 7.86 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 59% | 58% | 53% | 43% | 42% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 55% | 53% | 50% | 41% | 41% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 145% | 118% | 100% | 105% | 138% | 157% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $10,394,569 | $5,583,045 | $3,381,422 | $4,411,978 | $4,941,675 |
| Receivables, inventories, prepaids | $4,095,346 | $1,371,249 | $1,024,170 | $216,137 | $199,012 |
| Short-term investments | $840,669 | $803,882 | $837,888 | $925,775 | $840,206 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $15,330,584 | $7,758,176 | $5,243,480 | $5,553,890 | $5,980,893 |
| Long-term investments | $201,885 | $190,819 | $178,493 | $172,475 | $206,988 |
| Fixed assets | $24,291,492 | $22,215,277 | $21,753,695 | $17,485,308 | $17,122,939 |
| Other long-term assets | $878,056 | $751,566 | $786,599 | $0 | $0 |
| Total long-term assets | $25,371,433 | $23,157,662 | $22,718,787 | $17,657,783 | $17,329,927 |
| Total assets | $40,702,017 | $30,915,838 | $27,962,267 | $23,211,673 | $23,310,820 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $657,180 | $815,696 | $750,416 | $459,560 | $368,135 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $657,180 | $815,696 | $750,416 | $459,560 | $368,135 |
| Debt | $22,320,339 | $16,448,059 | $13,980,252 | $9,458,506 | $9,459,454 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $932,322 | $786,785 | $0 | $0 | $0 |
| Total long-term liabilities | $23,252,661 | $17,234,844 | $13,980,252 | $9,458,506 | $9,459,454 |
| Total liabilities | $23,909,841 | $18,050,540 | $14,730,668 | $9,918,066 | $9,827,589 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $8,135,420 | $7,031,541 | $6,795,287 | $6,407,809 | $5,669,954 |
| With donor restrictions | $8,656,756 | $5,833,757 | $6,436,312 | $6,885,798 | $7,813,277 |
| Net assets | $16,792,176 | $12,865,298 | $13,231,599 | $13,293,607 | $13,483,231 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $16,888,164 | $11,387,270 | $11,621,089 | $8,830,024 | $9,899,906 |
| Program service revenue | $804,838 | $744,454 | $723,745 | $683,873 | $631,864 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $391,552 | $238,077 | $96,042 | $2,249 | $1,142 |
| Other revenue | $51,103 | $10,082 | $112,278 | $33,027 | $27,336 |
| Total other revenue | $1,247,493 | $992,613 | $932,065 | $719,149 | $660,342 |
| Total revenue | $18,135,657 | $12,379,883 | $12,553,154 | $9,549,173 | $10,560,248 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $12,247,321 | $11,129,728 | $10,928,266 | $8,046,180 | $6,956,004 |
| Management and general | $1,154,311 | $758,889 | $845,134 | $737,987 | $762,659 |
| Fundraising | $873,196 | $917,720 | $870,593 | $879,614 | $846,777 |
| Total expenses | $14,274,828 | $12,806,337 | $12,643,993 | $9,663,781 | $8,565,440 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $3,860,829 | ($426,454) | ($90,839) | ($114,608) | $1,994,808 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $3,860,829 | ($426,454) | ($90,839) | ($114,608) | $1,994,808 |
Compensation
| Name | Title | Compensation |
| Duke Paulson | Executive Director | $198,302 |
| Susan Horgen | (former) Senior Finance Director | $169,697 |
| Denise Altheimer | Senior Director of Organization | $151,850 |
| Myron Bernard | Deputy Director | $149,958 |
| Louis Rivera Zayas | Senior Director of Operations | $130,786 |
| Darrin Miller | Senior Director of Community Engagement | $110,616 |
| Terell Hollins | Senior Finance Director | $24,457 |
Compensation data as of: 6/30/2025
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 5/13/2026. To update the information below, please email: [email protected]