Compassion Ministries of Waco
Nonprofit profile at a glance
- EIN
- 742698244
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Waco, TX, USA
- Phone
- 2547557640
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $964,352
- Expenses
- $496,128
- Assets
- $8,992,924
- Liabilities
- $55,485
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- MISTI JOHNSTON (PRESIDENT)
- DAVID DICKSON (PAST PRESIDENT)
- STACI LOVE (EXECUTIVE DIRECTOR)
Highest reported compensation
- STACI LOVE (EXECUTIVE DIRECTOR): $34,875 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
It is the mission of the organization to provide services to disadvantaged and homeless families with children; to reintegrate homeless families with children into permanent housing and employment.
What it reported doing in 2024
Compassion ministries of waco provides transitional housing for homeless families with children. The facility can house up to 60 individuals at any point in time in the fourteen apartment units for families. Upon acceptance into the program, residents work with the case manager to design a service plan for the duration of their stay, which is usually six months. The plan identifies needs and objectives and outlines how each will be met during the resident's stay. It covers housing, employment, family needs (childcare, parenting courses, aa/na counseling, etc.), health care and personal goals. The staff provides necessary support and referrals to implement and achieve these objectives by the set target date. Each plan is re-evaluated regularly by the staff and resident to determine progress. As part of the housing goal, the organization works on qualifying families for affordable home ownership through partnerships with other local non profit organizatioins such as habitat for humanity, grassroots community development, and neighborworks.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 86
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.2%; rating input score 60
- Program expense ratio: 52.5%; rating input score 53
- Fundraising efficiency: $12.27 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 48.6%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 18.13; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 7%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: -4.2% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: -0% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: 7.8% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 60.2% of revenue deployed · 52.5% of spending went to programs
- Governance: 10 of 10 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $261K in reported program spending
- Leadership: top reported pay $35K · 11 people listed
- Consistency: 34 of 34 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Program expense ratio scored 53/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.