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Good News

Rating
Sector:

Christian Growth

Total
Revenue:

$1,293,429

Total
Expenses:

$1,349,316

Net
Assets:

$138,776
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 63.5%
General & Admin 12.6% 24.6%
Fundraising 6.8% 15%
Savings -4.3% -4.3%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

The Forum for Scriptural Christianity, Inc. ("FFSC") was formed for the purpose of publishing a magazine and other materials concerning activities in the United Methodist Church. The organization is also involved in other ministries and services supporting the evangelical movement in the Church. Part of this is "The Good News" publication, a voice for repentance, an agent for reform, and a catalyst for renewal within the United Methodist Church. FFSC seeks to proclaim and demonstrate the power and effectiveness of historic Christianity as emphasized in Wesleyan doctrine and practice. FFSC aims to do the following: advocate scriptural christianity with holy living among United Methodists; nurture evangelical fellowship within a worshipping, caring, and inclusive community; seek diligently to be faithful and challenge unfairness wherever it is found in the church; inform and educate United Methodists about issues challenging the church; create and/or assist in creating supplemental church structures if necessary. FFSC is a tax exempt nonprofit, and is eligible for tax-deductible donations. FFSC is a member of the Evangelical Council for Financial Accountability (ECFA).

Contact Information: [ Back to top ]

Mailing Address:308 East Main St. Box 150
Wilmore, KY
40390-0150
Website: www.goodnewsmag.org
Phone:(859) 858-4661
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 362680478
CEO/President: Dr. James Heidinger II Tax Deductible: Yes
Chairman: Fiscal Year End: December 31
Board Size: 42 Financial info from: 990
Founder: Member of ECFA: Yes
Year Founded: 1967 Member of ECFA since: 1980

Purpose [ Back to top ]

Worldwide Discipleship Association, Inc. is generally known as "Good News". "Good News" is also the name of the magazine it publishes. Good News strives on building disciples for the church using a method patterned after Jesus' ministry. In recent years, the church has led many to Christ; but has struggled to help Christians grow to maturity. Good News's vision is to build strong believers who can also equip others. This will bring glory to God as they exhibit Christ-like character, sharing the Good News in an atmosphere of Christian love. Good News hopes to help strengthen the church's commitment to discipleship by offering a method of discipleship that is uniquely biblical. Carl Wilson founded Good News in 1974.

This organization is a nonprofit. Contributions to it are fully deductible to the extent allowed by the law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Mission Statement [ Back to top ]

Good News expresses its goals as follows:

To...
- Encourage evangelicals to witness effectively for Christ within United Methodism.
- Proclaim biblical truths
- Sound the alarm about unbiblical philosophies.
- Discuss vital issues facing our church.
- Provide much needed fellowship within our church through our Summer Celebration.
- Deepen appreciation for our Wesleyan heritage.

Program Accomplishments [ Back to top ]

Good News describes its program accomplishments as follows:

Conducted women's caucus meetings and activities.
Provided monthly newsletters and resources to all interested women.
Published Good News magazine six times per year reaching more than 70,000 homes and churches.
Published newsletters 12 times per year that reached nearly 30,000 homes and churches.
Published the Good News guide to daily prayer that reached nearly 20,000 homes and churches.
Host two national board of directors meetings involving 50 United Methodist leaders.

Statement of Faith [ Back to top ]

This profile needs a statement of faith

History [ Back to top ]

The following is a chronicle of the recent history of renewal within the United Methodist Church:

Charles Keysor's 1966 article, "Methodism's Silent Minority"
The 1975 Junaluska Affirmation
The 1975 Ed Robb critique of UM seminaries
The 1980 Frederick Brooks paper "The Methodist Connection" (also known as "A Loving Division")
The 1983 James Robb expose, "Missions Derailed"
The 1988 Houston Declaration and Good News' report on the event.
The 1992 Memphis Declaration

Ministry Needs [ Back to top ]

This organization has not offered MinistryWatch.com with specific needs to be posted on the profile. At such a time that MinistryWatch.com receives a response from the ministry, it will be posted immediately.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : C
Criteria categoryGradeOther Comments
Timeliness:7012/8/2007 4:44:28 PM: Organization made financial information available greater than 7 ½ months.
Financial Information:9012/8/2007 4:44:32 PM: Organization provided a reasonable amount of useful financial information.
Foundational Clarity:
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankChristian Growth Sector
Overall Efficiency RatingStarStar306 of 348    32 of 37
Fund Acquisition DecisionStarStar306 of 348      32 of 37
Resource Allocation Decision of 348      16 of 37
Asset Utilization Decision of 348      16 of 37
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Ministry Statement or Response [ Back to top ]

This organization has not offered MinistryWatch.com with an official statement or response for their profile. This area is meant as a mechanism for the profiled ministry to communicate anything they may choose. It is open ended as to the topic, issues, facts or news to address. It is not negative if there is no official statement as many don’t have anything to add than what is already on the profile. This section is not tied to transparency or to communication in general. Many very open and talkative ministries with us choose not to post an official statement. This section is just an open ended offering to the profiled ministry for anything extra to say as they may choose.

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20072006200520042003
Return on FR Efforts10%16%19%0%0%0%
Fundraising Cost Ratio7%15%18%0%0%0%
Contributions Reliance83%96%95%0%0%0%
Fundraising Expense Ratio7%14%17%0%0%0%
Other Revenue Reliance17%4%5%0%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio80%61%68%0%0%0%
Spending Ratio104%104%104%0%0%0%
Program Output Ratio84%64%71%0%0%0%
Savings Ratio-4%-4%-4%0%0%0%
Reserve Accumulation Rate4%-40%-22%0%0%0%
General & Admin Ratio13%25%15%0%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.85x2.83x3.36x0x0x0x
Degree of L-T Investment3.06x1.03x1.09x0x0x0x
Current Asset Turnover5.43x2.93x3.65x0x0x0x
Age of Assets10.5yr(s)25.3yr(s)19.6yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio3276.63x2.04x15.99x0x0x0x
Current Liabilities Ratio.38x.49x.06x0x0x0x
Liquid Reserve Level4.95x2.09x3.08x0x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.3x.71x.37x0x0x0x
Debt Ratio.07x0x0x0x0x0x
Reserve Coverage Ratio81%10%19%0%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$160,313$116,752$155,694$118,962$196,841
Receivables, Inventories & Prepaids$252,339$161,051$13,805$39,190$28,561
Short-Term Investments$48,520$4,754$0$0$0
Total Current Assets$461,172$282,557$169,499$158,152$225,402
Long-Term Investments$0$0$0$46,921$48,969
Fixed Assets$15,081$24,239$28,921$0$0
Other Long-Term Assets$0$0$0$970$970
Total Long-Term Assets$15,081$24,239$28,921$47,891$49,939
TOTAL ASSETS$476,253$306,796$198,420$206,043$275,341
Liabilities20072006200520042003
Payables & Accrued Expenses$226,388$17,675$10,079$4,131$6,298
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$226,388$17,675$10,079$4,131$6,298
Debt$0$0$45,000$45,000$8,486
Other Long-Term Liabilities$111,089$94,481$17,003$3,249$16,890
Total Long-Term Liabilities$111,089$94,481$62,003$48,249$25,376
TOTAL LIABILITIES$337,477$112,156$72,082$52,380$31,674
Assets20072006200520042003
Unrestricted($100,019)$95,976$126,338$153,663$243,667
Temporarily Restricted$238,795$98,664$0$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$138,776$194,640$126,338$153,663$243,667
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$1,247,787$940,186$938,688$1,075,153$1,033,531
Program Service Revenue$44,486$44,496$51,589$56,156$0
Membership Dues$0$0$0$0$0
Investment Income$526$2,905$0$996$1,666
Other Revenue$630$61$0$0$46,204
Total Other Revenue$45,642$47,462$51,589$57,152$47,870
TOTAL REVENUE$1,293,429$987,648$990,277$1,132,305$1,081,401
Expenses20072006200520042003
Program Services$821,900$696,415$783,500$778,117$616,288
Management & General$332,955$158,666$54,092$390,698$389,165
Fundraising$194,461$175,568$102,761$69,996$76,349
TOTAL EXPENSES$1,349,316$1,030,649$940,353$1,238,811$1,081,802
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)($55,887)($43,001)$49,924($106,506)($401)
Other Changes in Net Assets$23$111,303$0$16,502$0
TOTAL CHANGE IN NET ASSETS($55,864)$68,302$49,924($90,004)($401)