Overview
What is Samaritan Ministries International?
Samaritan Ministries International (SMI) is a religious community comprised of Christian households dedicated to living out the Great Commission. With a total membership of over 84,000 households and about 280,000 people across 50 states and several countries, SMI focuses on meeting the needs of their community and beyond through unique, biblically-based initiatives. SMI members, many of whom are church ministers, staff, or part of charitable organizations, publish and distribute a monthly Christian Health Care Newsletter. This newsletter offers articles on various topics from a Christian perspective, encouraging members to apply their faith to all aspects of life. SMI operates a health care sharing ministry, where members pledge to send a monthly share to those in need of medical expenses within the organization's guidelines. In fiscal year 2022, members shared approximately $344 million and assisted with 116,000 medical incidents. Members also have the opportunity to give extra directly to those in need or through SMI for expenses outside the regular sharing guidelines. The organization offers financial assistance programs, like sponsorship, for members facing financial difficulties. Overall, SMI aims to create authentic biblical community and help the body of Christ love and support each other through sharing healthcare burdens.
Official website here: www.samaritanministries.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 95% - Four-Star out of Four Star rating
Samaritan Ministries International has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization scored 95% based on a thorough assessment of its financial practices and governance, demonstrating strong oversight and transparency, with 88% of board members being independent.
The nonprofit excels in several operational areas, including a perfect score in program expense ratio and fundraising efficiency, indicating that it effectively utilizes its funds to support its mission. Additionally, the presence of robust policies, such as conflict of interest and whistleblower policies, further enhances its credibility and operational integrity.
However, while the charity boasts solid financial management, its liabilities to assets ratio of 37.93% suggests a moderate level of financial risk that may warrant attention. Overall, Samaritan Ministries International is recognized for its strong governance and financial practices, making it a trusted choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Samaritan Ministries International legitimate?
Samaritan Ministries International is a legitimate nonprofit organization registered as a 501(c)(3) entity. Samaritan Ministries International submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,558,766
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,035,922
For more financial information, click here
Official website here: www.samaritanministries.org
What is the mission statement of Samaritan Ministries International?
Samaritan Ministries International (SMI) is a religious community dedicated to helping each other through sharing healthcare burdens while fostering authentic biblical community. The organization is made up of member households, available to any professing Christians, and consists of approximately 84,033 households and about 280,000 people. With a significant portion of members being church ministers, staff, or employed in charitable organizations, SMI emphasizes a biblical worldview in all aspects of life. Members participate in a healthcare sharing ministry, pledging to send a monthly share to those in need, and receive a share slip reporting a family to whom they should send their share and pray for. SMI publishes and distributes a monthly newsletter containing articles, spiritual issues, and health care-related topics. The community also supports members in need through extra giving and SMI-distributed funds.
Official website here: www.samaritanministries.org
Who is the CEO of Samaritan Ministries International?
Mark Zander is the Director (Thru 2/22) of Samaritan Ministries International. The CEO's salary of Samaritan Ministries International is $380,847 and their total compensation is $396,899.
Official website here: www.samaritanministries.org
What is the revenue of Samaritan Ministries International?
Samaritan Ministries International's revenue in 2022 was $50,254,770.
Official website here: www.samaritanministries.org
Who are the executives of Samaritan Ministries International and what are their salaries?
The average compensation at Samaritan Ministries International during 2022 was $52,664. There are 486 employees and 19 volunteers at Samaritan Ministries International.
Here are 21 key members and their salaries (Samaritan Ministries International's CEO's salary is $380,847 and their total compensation is $396,899):
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- Compensation: $354,565
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- Compensation: $195,962
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- Other: $10,095
- Compensation: $211,720
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- Other: $9,690
- Compensation: $380,847
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- Other: $16,052
- Compensation: $163,954
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- Other: $9,051
- Compensation: $195,180
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- Other: $10,083
- Compensation: $242,687
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- Other: $11,611
- Compensation: $137,564
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- Other: $8,272
- Compensation: $150,260
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- Other: $7,739
- Compensation: $140,221
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- Other: $4,520
- Compensation: $137,529
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- Other: $8,279
- Compensation: $130,205
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- Other: $8,000
Official website here: www.samaritanministries.org
Where can I find the form 990 for Samaritan Ministries International?
Samaritan Ministries International's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.samaritanministries.org
Learn more at the official website: www.samaritanministries.org
Mission Statement of Samaritan Ministries International
Samaritan Ministries International (SMI), a religious community of dedicated Christian households, is on a mission to redeem healthcare by helping one another through sharing each other's burdens, fostering authentic biblical community. With a strong belief in the Christian Great Commission, SMI stands out as an organization that puts faith into action, reaching out to those in need and extending a helping hand.
SMI's membership is open to any professing Christians in agreement with their Statement of Faith and commitment to biblical living. The community is diverse, comprised of individuals from various backgrounds, with a significant portion surviving on very low income and having no health insurance. As of June 30, 2022, SMI boasted a membership of 84,033 households, providing support and love to over 280,000 people across the United States and several countries abroad.
A significant portion of SMI's members hold roles in churches, parachurch ministries, and other charitable organizations. SMI's influence extends beyond its immediate community, touching the lives of many through its compassionate efforts. The organization publishes and distributes a monthly Christian Healthcare Newsletter, which aims to educate and inspire its readers to apply Christian teachings to all aspects of life, not just healthcare issues. In addition to the newsletter, SMI also shares the physical and spiritual needs of its members and non-members through a Prayer Guide, allowing the community to offer prayers and support to those in need.
Samaritan Ministries International's healthcare sharing ministry is a cornerstone of its mission, with members participating by sending a monthly share to support families with medical expense needs. This collaborative approach creates a strong sense of community, as members come together to offer prayers and encouragement to those in need. In the fiscal year, SMI's members shared approximately $344 million, assisting over 116,000 medical incidents and providing additional support through extra giving and sponsorship programs for those facing extraordinary medical expenses. By directly connecting members to one another, SMI creates a powerful network of support, embodying the spirit of love, compassion, and community.
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Impact
October, 2024
Samaritan Ministries International (SMI) positively impacts the lives of its members by fostering a community centered on mutual support and shared healthcare expenses. With over 84,000 member households representing approximately 280,000 individuals, it provides a unique, biblical approach to managing health care needs without conventional insurance.
Members actively participate in a healthcare sharing model, contributing monthly amounts based on their household size to help fellow members facing medical expenses. In the last fiscal year alone, members shared about $344 million to cover 116,000 medical incidents, alongside an additional $14 million for more significant medical events exceeding $250,000. This direct member-to-member sharing promotes a sense of collective responsibility and community care.
Beyond financial assistance, SMI emphasizes spiritual support. Each month, members receive a prayer guide that highlights the physical and spiritual needs of fellow members, creating a network of prayer and encouragement. This communal approach not only addresses healthcare needs but also strengthens the bonds among members through shared experiences and testimonies.
For those facing financial constraints, SMI offers a sponsorship program, reducing the monthly contribution requirements so that members can still participate in the sharing model. This support is crucial for nearly 240 families in the past year who received approximately $234,000 in assistance.
Samaritan Ministries International stands as a testament to the power of community, demonstrating how households can band together to alleviate healthcare burdens while nurturing a spirit of generosity and collaboration in line with Christian teachings.
This information is meant to be a general summary of Samaritan Ministries International. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$989,978
- Gross Receipts: $57,232,870
Assets and Liabilities:
- Total Assets: $52,220,176
- Total Liabilities: $19,570,549
- Net Assets: $32,649,627
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Organization Details
Founding Year
1991
Phone
(877) 764-2426Principal Officer
Mark Zander
Main Address
6000 N FOREST PARK DRIVE, PEORIA, IL, 61614
Website
www.samaritanministries.orgNTEE Category
Code: E80 - Health
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