During the Midyear Meetings, Josue F. Fofue Jr., treasurer of the Southern Luzon Philippine Union Mission, presented a transparent overview of the Union’s financial journey—highlighting both the realities of 2025 and the significant turnaround seen in 2026. He noted that the past year presented both growth and careful financial stewardship as the Union continues to establish its footing.

He further reported that as of March 2026, the Union’s financial position is in an excellent state, with net assets totaling ₱73 million from ₱5 million in 2025. He expressed gratitude to God for His sustaining grace and reaffirmed his continued commitment to transparency and accountability.

2025 Financial Position and Challenges

As of December 31, 2025, the Union recorded a Net Tithe Percentage Retained of ₱113 million. As a coordinating body, SLPUM receives tithe from local missions and conference, remits a portion to higher organizations, and utilizes the remaining funds to support mission work within the territory. Of the total tithe inflow, ₱279.1 million was received from lower organizations, ₱165.5 million of this was remitted to higher organizations, resulting in a net retained tithe of ₱113.6 million for Union operations and support.

Tithe funds were utilized in accordance with denominational guidelines to sustain the work of the gospel ministry. In 2025, ₱52.8 million (53%) was allocated to headquarters operations, enabling coordination and leadership across the territory. Direct evangelism received ₱12.2 million (12%), while ₱8.4 million (8%) was dedicated to retirement contributions for workers. Additional allocations supported literature evangelism, technology, and other ministry-related functions.

The Union also prioritized support for the field. It received ₱14.7 million in appropriations but disbursed ₱28.6 million, resulting in a net outflow of ₱13.6 million. This reflects a deliberate decision to strengthen local missions, conference, and institutions by providing greater support to frontline work.

Despite this growth, financial challenges were evident. Total assets reached ₱88.7 million, with liabilities at ₱54.6 million, resulting in net assets of ₱34.1 million. However, ₱51.9 million of these assets were tied to receivables, with 55% concentrated in a single entity, limiting the availability of cash for immediate use. This resulted in a constrained liquidity position and highlighted the need for improved cash flow management.

2026 Financial Stability and Turnaround

By the first quarter of 2026, a marked improvement in the Union’s financial position was observed. Total assets increased to ₱103.2 million, while liabilities were reduced to ₱29.9 million, resulting in net assets of ₱73.3 million a 1,294% increase from ₱5 million in the previous year. This significant growth reflects mproved financial management and a stronger, more stable financial structure. Tithe also increased by approximately 20% compared to the same period last year.

Liquidity improved substantially. The Union now maintains approximately 11.3 months of available working capital, compared to 2.5 months in the previous year—well above the recommended minimum. This provides a strong financial buffer for operations and mission initiatives and presents a shift from a constrained position in 2025 to a stable and well-supported condition in 2026.

As the Union moves forward, its focus remains on strengthening financial stability, improving the collection of receivables, and managing resources wisely for the continued advancement of the mission. At the same time, support for local fields, evangelism, and ministry initiatives continues to be a central priority. As Fofue emphasized, “The Union prioritizes support for local organizations’ health over building its own fund base.”

Delegates expressed appreciation for the Union’s meticulous record-keeping and compliance with tithe remittance policies. Looking ahead, Fofue assured that SLPUM will continue its efforts to rebuild liquid reserves and strengthen long-term financial stability.