Gba Ships Florence Inc

What it reported doing in 2024

Gba ships florence (dba om ships international) seeks to support the international efforts described below. This support is provided through fundraising, the sales of books, and the provision of administrative support. Om ships international is the organization operating logos hope and doulos hope. The om "ships ministry" began in 1970 as part of the global christian training and outreach movement, om international. Since then om's ships have visited over 450 different ports in over 150 countries and territories and welcomed 47 million visitors on board. The goal of om ships international is to share knowledge, help, and hope to the people of the world. We do this by supplying vital literature resources, encouraging cross-cultural understanding, training young people for more effective life and service, providing needed relief, and sharing a message of hope in god wherever there is opportunity. The ships visit each port for several weeks each and open the gangways to hundreds and sometimes thousands of visitors each day. On average, over one million visitors have been welcomed onboard every year! The floating book fairs offer over 6,000 titles, providing many visitors their first-ever opportunity to purchase quality educational christian literature. An international crew and staff of volunteers live and work on the ships. Teams from the ship go into surrounding areas to supply aid and community care. In each port, the ship's crew joins local churches to bring hope and show love to people whatever their circumstance, culture, or background.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 74.3%; rating input score 74
• Fundraising efficiency: $3.1 raised per $1 spent on fundraising; rating input score 9; 9th 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: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 40%; rating input score 40; 7th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -12.9%; rating input score 11; 11th percentile among comparable filings
• Total-asset coverage ratio: 0.6; rating input score 22; 22nd percentile among comparable filings
• Liabilities to assets ratio: 0.21; rating input score 43; 43rd percentile among comparable filings
• Officer compensation ratio: 3.6%; rating input score 65; 65th percentile among comparable filings

Growth

• Program expense growth: 13.4% per year; rating input score 100; 74th percentile among comparable filings
• Revenue growth: 5.7% per year; rating input score 100; 46th percentile among comparable filings
• Asset growth: 0.5% per year; rating input score 100; 14th percentile among comparable filings