TheBridge Church

Nonprofit profile at a glance

EIN
464274900
IRS 990 coverage
2014–2015
Forms available
Form 990 2015
Location
Ottumwa, IA, USA
Phone
6416829260
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Christianity
Affiliation
Christianity

Reported finances

Revenue
$1,249,153
Expenses
$1,135,708
Assets
$980,246
Liabilities
$51,742

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Martin Schmidt (President)

Highest reported compensation

  • Martin Schmidt (President): $78,050 total reported compensation
  • Craig Zuithoff: $56,201 total reported compensation
  • Anthony Widdel: $54,067 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Bridge Church exists to invite people into a life changing journey with Jesus.

What it reported doing in 2015

On Sunday mornings in 2015 we offered 3 services, that averaged an attendance of 1132 people and offered Childrens rooms ages 0 5th grade at the same time as each service with an average of about 244 kids per Sunday. Our Student Ministries on Wednesday evenings averaged about 90 students each week. We had 521 unique individuals attend a small group during the week.We offered a free health care clinic on Tuesday evenings since 2011 that helps hundreds of people a year. In December we offered a Christmas Store where parents shopped for their kids for Christmas for only $5. Over 900 kids were shopped for.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 100
  • Accountability: 90
  • Sustainability: 52
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.4%; rating input score 83
  • Program expense ratio: 91.6%; rating input score 92
  • Fundraising efficiency: Limited

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: 6 of 8 controls in place; rating input score 75
    • 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: Fail

Sustainability

  • Operating margin: 9.1%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 0.86; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 28.7%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 34.3% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: -26.4% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 17.7% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 83.4% of revenue deployed · 91.6% of spending went to programs
  • Governance: 4 of 4 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1M in reported program spending
  • Leadership: top reported pay $78K · 9 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2014 to 2015
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.