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Truth for Life / Alistair Begg

Rating
Sector:

Educational Media

Total
Revenue:

$6,966,196

Total
Expenses:

$6,364,093

Net
Assets:

$1,748,741
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 81.5%
General & Admin 12.6% 7.2%
Fundraising 6.8% 3.1%
Savings -4.3% 8.6%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

Truth for Life provides radio-based programming as well as on the Internet. The radio broadcast ministry can be heard by millions around the world and features the Bible teaching of Alistair Begg, Senior Pastor at Parkside Church in Ohio. Truth for Life is a nonprofit organization and contributions to it are fully tax deductible to the extent allowed by law. In addition, it is a member of the Evangelical Council for Financial Accountability (ECFA).

Contact Information: [ Back to top ]

Mailing Address:P.O. Box 398000
Solon, OH
44139-4139
Website: www.truthforlife.org
Phone:(440) 708-2160, (888) 588-7884
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 341787585
CEO/President: Rev. Alistair Begg Tax Deductible: Yes
Chairman: Mr. Steve Terrell Fiscal Year End: December 31
Board Size: 6 Financial info from: 990
Founder: Rev. Alistair Begg Member of ECFA: Yes
Year Founded: 1994 Member of ECFA since: 2005

Purpose [ Back to top ]

Truth for Life provides radio-based programming as well as on the Internet. The radio broadcast ministry can be heard by millions around the world and features the Bible teaching of Alistair Begg, Senior Pastor at Parkside Church in Ohio.

Truth for Life is a nonprofit organization and contributions to it are fully tax deductible to the extent allowed by law. In addition, it is a member of the Evangelical Council for Financial Accountability (ECFA).

Mission Statement [ Back to top ]

Truth for Life uses the following to communicates its mission:

We are committed to teaching the Bible with clarity and relevance so that:

Unbelievers will be converted,

Believers will be established,

Local churches will be strengthened.

Program Accomplishments [ Back to top ]

Truth for Life uses the following to communicate its accomplishments:

Truth For Life produces and distributes biblical teaching programs on radio stations across the country. It also produces and distributes books, audio tapes and other materials containing biblical teaching. These programs and materials are designed to lead non-Christians to a saving knowledge of and Faith in Jesus Christ, and to encourage Christians to grow in their faith and understanding of Christ and Christian faith.

Statement of Faith [ Back to top ]

Truth for Life uses the following to express its statement of faith:

We accept the scriptures as our only authority in matters of faith and practice and our interpretation of Bible Doctrine leads us inexorably to believe:

(1) The scriptures of the Old and New Testament as being verbally inspired by God and inerrant and infallible in the original writings, and that they are of supreme and final authority.

(2) In one God eternally existing in one essence, yet co-equal persons, the Trinity: Father, Son and Holy Spirit.

(3) That Jesus Christ was begotten by God, conceived by the Holy Spirit and born to the virgin Mary.

(4) In the Holy Spirit, the third person of the Trinity, Who convicts the world of sin, righteousness and judgment. He is the life of the believer and He empowers the preaching and teaching of the Gospel.

(5) That mankind was created in the image of God, sinned, and thereby incurred not only physical death, but spiritual death, which is separation from God, and that all human beings are born with a sinful nature.

(6) That the Lord Jesus Christ died for our sins according to the Scriptures as a representative and substitutionary sacrifice, and that all who believe in Him are justified on the basis of His shed blood.

(7) In the resurrection of the crucified body of our Lord, His ascension into heaven and His present life there as High priest and Advocate for us.

(8) In the blessed hope, which is the personal, visible and imminent return of our Lord and Savior, Jesus Christ.

(9) That all who receive by faith the Lord Jesus Christ are born again by the Holy Spirit and thereby become children of God and heirs of eternal life.

(10) In the bodily resurrection of the just and the unjust, the everlasting conscious suffering of the lost in hell and the fellowship of the saved in heaven.

(11) In the existence of a personal devil, who is still working in the world to destroy the souls of men and that he and all his angels and all who do not receive Christ as their personal Savior will eternally perish in the lake of fire.

(12) In the Church, whose mission it is to preach the Scriptures to all the world, all of its endeavors being guided by multiple leadership and supported by the wise stewardship of God's people.

(13) That the ordinances of the Church, given by the Lord, are Baptism and the Lord's Table (Communion).

History [ Back to top ]

TFL was legally incorporated in 1994 as a listener funded radio ministry organized to proclaim the Gospel of Jesus Christ. The 25 minute daily broadcast began on February 27, 1995 and the program can now be heard throughout the week by radio listeners all across the United States and throughout the world on the internet. All programs feature the Bible teaching of Alistair Begg. The IRS recognizes all gifts given to the work of TFL as tax deductible. TFL operates under the direction of a five member, independent, volunteer board of trustees who are responsible for achieving its stated mission.

Ministry Needs [ Back to top ]

Truth for Life has the following needs:

1. Prayer:
Pray that the Truth for Life staff would remain faithful to God's word, to God's call, and to their families.

2. Infrastructure Growth:
Truth for Life has the willingness to continue the growth that God has started for the infrastructure of the ministry and desire to add to their three full-time employees and volunteers.

3. Program Growth:
Truth for Life would like to expand their reach, both nationally and international with the truth of the Gospel.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : A
Criteria categoryGradeOther Comments
Timeliness:10010/21/2011 4:20:29 PM: Organization made financial information available less than 5 ½ months after their fiscal year end.
Financial Information:10010/21/2011 4:20:36 PM: Organization provided all financial information requested. Information was clear and thorough.
Foundational Clarity:10010/21/2011 4:20:42 PM: Descriptive information was abundant and thorough.
Level of Cooperation:100Proactive in sending information.
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankEducational Media Sector
Overall Efficiency RatingStarStarStarStar72 of 348    9 of 38
Fund Acquisition DecisionStarStarStarStar72 of 348      9 of 38
Resource Allocation Decision of 348      5 of 38
Asset Utilization Decision of 348      5 of 38
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Shining Light [ Back to top ]

2011 MinistryWatch.com Shining Light top ministry list
2008 MinistryWatch.com Shining Light top ministry list
2007 MinistryWatch.com Shining Light top ministry list

Ministry Statement or Response [ Back to top ]

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20102009200820072006
Return on FR Efforts10%3%1%1%4%3%
Fundraising Cost Ratio7%3%1%1%3%3%
Contributions Reliance83%95%93%85%87%88%
Fundraising Expense Ratio7%3%1%1%3%3%
Other Revenue Reliance17%5%7%15%13%12%
Operating RatiosDatabase Average20102009200820072006
Program Expense Ratio80%89%95%96%94%95%
Spending Ratio104%91%108%111%104%102%
Program Output Ratio84%82%102%106%98%97%
Savings Ratio-4%9%-8%-11%-4%-2%
Reserve Accumulation Rate4%34%-45%-37%-11%-4%
General & Admin Ratio13%7%5%3%3%3%
Investing RatiosDatabase Average20102009200820072006
Total Asset Turnover2.85x2.89x4.08x2.98x2.17x1.82x
Degree of L-T Investment3.06x1.12x1.09x1.09x1.05x1.06x
Current Asset Turnover5.43x3.23x4.43x3.26x2.27x1.92x
Age of Assets10.5yr(s)0.0yr(s)0.0yr(s)0.0yr(s)6.8yr(s)5.9yr(s)
Liquidity RatiosDatabase Average20102009200820072006
Current Ratio3276.63x4.34x2.89x4.12x6.18x7.01x
Current Liabilities Ratio.38x.23x.35x.24x.16x.14x
Liquid Reserve Level4.95x2.85x1.77x2.79x4.44x5.35x
Solvency RatiosDatabase Average20102009200820072006
Liabilities Ratio.3x.21x.32x.22x.15x.13x
Debt Ratio.07x0x0x0x0x0x
Reserve Coverage Ratio81%27%17%26%39%47%

Financials[ Back to top ]

Balance Sheet
Assets20102009200820072006
Cash$1,702,647$1,267,365$1,682,425$2,301,889$1,299,596
Receivables, Inventories & Prepaids$264,702$277,879$271,896$267,850$284,755
Short-Term Investments$0$0$0$0$1,167,711
Total Current Assets$1,967,349$1,545,244$1,954,321$2,569,739$2,752,062
Long-Term Investments$0$0$0$0$0
Fixed Assets$234,925$136,337$181,837$117,816$154,758
Other Long-Term Assets$0$0$0$0$0
Total Long-Term Assets$234,925$136,337$181,837$117,816$154,758
TOTAL ASSETS$2,202,274$1,681,581$2,136,158$2,687,555$2,906,820
Liabilities20102009200820072006
Payables & Accrued Expenses$453,533$534,943$473,952$415,626$392,361
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$453,533$534,943$473,952$415,626$392,361
Debt$0$0$0$0$0
Other Long-Term Liabilities$0$0$0$0$0
Total Long-Term Liabilities$0$0$0$0$0
TOTAL LIABILITIES$453,533$534,943$473,952$415,626$392,361
Assets20102009200820072006
Unrestricted$1,748,741$1,146,638$1,662,206$2,271,929$2,440,873
Temporarily Restricted$0$0$0$0$73,586
Permanently Restricted$0$0$0$0$0
NET ASSETS$1,748,741$1,146,638$1,662,206$2,271,929$2,514,459
Revenue and Expenses
Revenue20102009200820072006
Total Contributions$6,631,766$5,891,433$4,913,785$4,848,797$4,560,691
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$702$5,894$43,248$80,009$89,505
Other Revenue$333,728$439,762$807,484$650,833$540,020
Total Other Revenue$334,430$445,656$850,732$730,842$629,525
TOTAL REVENUE$6,966,196$6,337,089$5,764,517$5,579,639$5,190,216
Expenses20102009200820072006
Program Services$5,683,199$6,494,321$6,124,008$5,475,758$5,019,312
Management & General$464,303$318,689$217,510$163,768$133,218
Fundraising$216,591$39,647$32,720$182,642$141,768
TOTAL EXPENSES$6,364,093$6,852,657$6,374,240$5,822,169$5,294,298
Change in Net Assets20102009200820072006
SURPLUS (DEFICIT)$602,103($515,568)($609,723)($242,530)($104,082)
Other Changes in Net Assets$0$0$0$0$0
TOTAL CHANGE IN NET ASSETS$602,103($515,568)($609,723)($242,530)($104,082)