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World Compassion Terry Law Ministries

Rating
Sector:

Evangelism Support

Total
Revenue:

$2,488,978

Total
Expenses:

$2,212,264

Net
Assets:

$914,542
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 84% 76.2%
General & Admin 12.5% 8.3%
Fundraising 6.8% 5.2%
Savings -4.4% 11.1%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

World Compassion Terry Law Ministries (WCTLM) is a non-denominational, faith-based international organization. It was founded by Dr. Terry Law in 1969 to assist churches in meeting the physical and spiritual needs of people in their communities. Dr. Law feels strongly that the calling of the organization is to areas of the earth where most men fear going due to political, religious and/or economic instability.

Contact Information: [ Back to top ]

Mailing Address:P.O. Box 92
Tulsa, OK
74101-4101
Website: www.worldcompassion.tv
Phone:(918) 492-2858
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 730934739
CEO/President: Mr. Terry Law Tax Deductible: Yes
Chairman: Fiscal Year End: December 31
Board Size: 5 Financial info from: 990
Founder: Mr. Terry Law Member of ECFA: Yes
Year Founded: 1969 Member of ECFA since: 2010

Purpose [ Back to top ]

World Compassion Terry Law Ministries (WCTLM) is a non-denominational, faith-based international organization. It was founded by Dr. Terry Law in 1969 to assist churches in meeting the physical and spiritual needs of people in their communities. Dr. Law feels strongly that the calling of the organization is to areas of the earth where most men fear going due to political, religious and/or economic instability.

WCTLM adheres to eight core values. These core values are the essential standards that direct World Compassion's ministry deeds. The core values are their reason for existence and each member strives to achieve them in their personal as well as professional lives.

  • We are Christian.
  • We are committed to people in need.
  • We value relationships.
  • We are trustworthy stewards of God's resources.
  • We work in cooperation with other organizations.
  • We are quick to respond to a need.
  • We value a single life coming to faith whether through evangelism or humanitarian efforts.
  • We must share God's concern for justice and reconciliation and for the liberation of men, women and children from every kind of oppression.
  • We adhere to Romans 15:20-21 which says, "It has always been my ambition to preach the gospel where Christ was not known, so that I would not be building on someone else's foundation. Rather, as it is written: 'Those who were not told about him will see, and those who have not heard will understand."

Mission Statement [ Back to top ]

World Compassion Terry Law Ministries uses the following to express its mission:

World Compassion Terry Law Ministries is a global alliance of Christians whose mission is to go with the Gospel of Jesus Christ to nations that are difficult to access, working with the oppressed and disadvantaged to support the physical and spiritual transformation of lives.

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

WCTLM uses the following to express its Statement of Faith:

We believe the Bible to be the inspired, the only infallible, authoritative Word of God. We believe that there is one God, eternally existent in three persons: Father, Son and Holy Spirit. We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and in His personal return in power and glory. We believe that for the salvation of lost and sinful people, regeneration by the Holy Spirit is absolutely essential. We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life. We believe in the resurrection of both the saved and the lost; they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation. We believe in the spiritual unity of believers in our Lord Jesus Christ. Dr. Terry Law was a signatory to the Lausanne Covenant created by the Lausanne Committee for World Evangelism, and World Compassion Terry Law Ministries subscribes to the covenant.

History [ Back to top ]

Need History Info

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 : A
Criteria categoryGradeOther Comments
Timeliness:90
Financial Information:100
Foundational Clarity:
Level of Cooperation:10010/21/2011 7:23:49 PM: Answers to questions were thorough.
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankEvangelism Support Sector
Overall Efficiency RatingStarStarStar125 of 348    14 of 37
Fund Acquisition DecisionStarStarStar125 of 348      15 of 37
Resource Allocation Decision of 348      2 of 37
Asset Utilization Decision of 348      2 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 Average20102009200820072006
Return on FR Efforts10%5%5%8%7%4%
Fundraising Cost Ratio7%5%4%8%6%4%
Contributions Reliance83%97%97%96%93%92%
Fundraising Expense Ratio7%6%4%8%6%4%
Other Revenue Reliance17%3%3%4%7%8%
Operating RatiosDatabase Average20102009200820072006
Program Expense Ratio80%86%84%84%85%88%
Spending Ratio104%89%105%97%106%96%
Program Output Ratio84%76%87%81%89%85%
Savings Ratio-4%11%-5%3%-6%4%
Reserve Accumulation Rate4%30%-16%15%-27%13%
General & Admin Ratio12%8%12%8%9%8%
Investing RatiosDatabase Average20102009200820072006
Total Asset Turnover2.91x1.23x1.49x1.78x1.61x2.95x
Degree of L-T Investment3.1x6.23x18.58x8.79x11.27x3.07x
Current Asset Turnover5.56x7.65x27.61x15.67x18.15x9.05x
Age of Assets10.5yr(s)5.7yr(s)4.2yr(s)3.7yr(s)3yr(s)3.9yr(s)
Liquidity RatiosDatabase Average20102009200820072006
Current Ratio3306.32x3.94x1.16x.92x.66x3.17x
Current Liabilities Ratio.39x.25x.86x1.08x1.52x.32x
Liquid Reserve Level4.91x1.17x.06x-.06x-.34x.91x
Solvency RatiosDatabase Average20102009200820072006
Liabilities Ratio.3x.49x.59x.58x.68x.16x
Debt Ratio.07x.45x.55x.46x.54x.06x
Reserve Coverage Ratio81%41%27%24%20%28%

Financials[ Back to top ]

Balance Sheet
Assets20102009200820072006
Cash$244,219$58,766$151,644$131,567$254,705
Receivables, Inventories & Prepaids$44,935$25,531$48,434$41,004$30,438
Short-Term Investments$0$0$0$0$25,166
Total Current Assets$289,154$84,297$200,078$172,571$310,309
Long-Term Investments$0$0$495,855$451,847$381,359
Fixed Assets$856,268$896,938$986,489$1,238,625$177,698
Other Long-Term Assets$654,906$585,338$76,335$82,661$84,333
Total Long-Term Assets$1,511,174$1,482,276$1,558,679$1,773,133$643,390
TOTAL ASSETS$1,800,328$1,566,573$1,758,757$1,945,704$953,699
Liabilities20102009200820072006
Payables & Accrued Expenses$73,430$72,804$216,670$262,545$97,814
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$73,430$72,804$216,670$262,545$97,814
Debt$812,356$855,941$801,991$1,053,086$59,222
Other Long-Term Liabilities$0$0$0$0$0
Total Long-Term Liabilities$812,356$855,941$801,991$1,053,086$59,222
TOTAL LIABILITIES$885,786$928,745$1,018,661$1,315,631$157,036
Assets20102009200820072006
Unrestricted$914,542$637,828$0$0$0
Temporarily Restricted$0$0$0$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$914,542$637,828$740,096$630,073$796,663
Revenue and Expenses
Revenue20102009200820072006
Total Contributions$2,413,066$2,153,381$3,111,426$2,756,313$2,691,128
Program Service Revenue$1,301$1,522$1,510$9,153$4,148
Membership Dues$0$0$0$0$0
Investment Income$49,527$46,127$50,216$101,981$20,238
Other Revenue$25,084$23,912$82,360$94,511$196,644
Total Other Revenue$75,912$71,561$134,086$205,645$221,030
TOTAL REVENUE$2,488,978$2,224,942$3,245,512$2,961,958$2,912,158
Expenses20102009200820072006
Program Services$1,898,328$1,944,920$2,627,340$2,648,569$2,486,035
Management & General$184,141$283,279$257,352$291,403$214,364
Fundraising$129,795$99,011$250,246$191,924$109,285
TOTAL EXPENSES$2,212,264$2,327,210$3,134,938$3,131,896$2,809,684
Change in Net Assets20102009200820072006
SURPLUS (DEFICIT)$276,714($102,268)$110,574($169,938)$102,474
Other Changes in Net Assets$0$0$0$3,348($1,950)
TOTAL CHANGE IN NET ASSETS$276,714($102,268)$110,574($166,590)$100,524