Lifechangers Inc. / Bob Mumford

The information on this page was last updated 7/19/2022. If you see errors or omissions, please email: info@ministrywatch.com


Summary

All the resources created by Lifechangers and distributed freely across the planet, is designed to nurture the seed of Christ in you. We have a full conviction, that exposure to this proceeding word, will lead to profound personal transformation in every person willing to lay hold of it as well as corporate reformation in the body of Christ, as we find practical application in our families, communities and churches. The simple goal is to become "Human as God Intended" and what a journey it has turned out to be!


Contact information

Mailing address:
Lifechangers Inc.
PO Box 3709
Cookeville, TN 38502

Website: lifechangers.org

Phone: (931) 520-3730

Email: lc@lifechangers.org


Organization details

EIN: 680090532

CEO/President: Steve Smith

Chairman: Peter Van Neirkerk

Board size: 5

Founder: Bob Mumford

Ruling year: 1986

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2003


Purpose

We are awakening to a startling spiritual reality. In some very practical ways, we are learning to surrender ungoverned desires and acting against ourselves as emigrants, being acculturated into an altogether different dwelling place [the Kingdom of God]. At the same time, we discover a deep mystery of what it means to be invited into the Love (Agape) of Three for one another and of God as Three sacrificial self-sharers [Father, Son and Holy Spirit]. Together, we are learning how that unfolding revelation affects the way we perceive not only God, but also ourselves and every other human being. Within this mandate, Lifechangers does not function as a church, denomination or Christian movement. Nor do we claim any absolute knowledge of the scriptures. Instead, we are simply witnesses and fellow-travelers on a kingdom journey.


Mission statement


Statement of faith

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating552 of 103143 of 76
Fund acquisition rating212 of 103316 of 76
Resource allocation rating500 of 103344 of 76
Asset utilization rating920 of 103167 of 76

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%0%1%1%0%1%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%0%1%1%0%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
83%46%94%96%95%95%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%0%1%1%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
17%54%6%4%5%5%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%80%77%80%81%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%49%86%86%92%116%
Program output ratio Program output ratio =
Program services /
Total revenue
73%39%67%69%74%94%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%51%14%14%8%-16%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
9%22%4%5%3%-6%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%20%22%19%19%19%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.910.210.240.290.350.43
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.351.842.602.833.213.57
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.450.380.620.821.111.55
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.751237.70189.10363.61127172.6786.12
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.000.010.000.000.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.2531.6219.3914.5410.817.66
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%0%0%0%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
91%484%421%343%289%230%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$792,590$325,112$270,862$191,800$145,942
Receivables, inventories, prepaids$141,873$188,682$187,652$189,718$189,821
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$934,463$513,794$458,514$381,518$335,763
Long-term investments$365,959$347,059$345,253$324,311$321,650
Fixed assets$1,425$472,575$490,850$517,971$540,632
Other long-term assets$415,706$1,269$1,054$1,032$1,616
Total long-term assets$783,090$820,903$837,157$843,314$863,898
Total assets$1,717,553$1,334,697$1,295,671$1,224,832$1,199,661
 
Liabilities20212020201920182017
Payables and accrued expenses$755$2,717$1,261$3$3,899
Other current liabilities$0$0$0$0$0
Total current liabilities$755$2,717$1,261$3$3,899
Debt$0$0$0$0$0
Due to (from) affiliates$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$755$2,717$1,261$3$3,899
 
Net assets20212020201920182017
Without donor restrictions$1,606,545$1,204,391$1,169,826$1,107,694$1,077,508
With donor restrictions$110,253$127,589$124,584$117,135$118,254
Net assets$1,716,798$1,331,980$1,294,410$1,224,829$1,195,762
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$336,430$345,075$423,449$439,294$428,733
Program service revenue$6,842$7,020$10,138$10,719$13,606
Membership dues$0$0$0$0$0
Investment income$385,881$14,743$5,280$11,841$7,086
Other revenue$0$0$0$0$0
Total other revenue$392,723$21,763$15,418$22,560$20,692
Total revenue$729,153$366,838$438,867$461,854$449,425
 
Expenses20212020201920182017
Program services$283,242$244,604$301,827$343,064$421,068
Management and general$70,086$69,616$73,026$78,774$96,685
Fundraising$1,027$2,110$2,491$1,768$2,376
Total expenses$354,355$316,330$377,344$423,606$520,129
 
Change in net assets20212020201920182017
Surplus (deficit)$374,798$50,508$61,523$38,248($70,704)
Other changes in net assets$0$0$0$0$0
Total change in net assets$374,798$50,508$61,523$38,248($70,704)

Compensation

Compensation data for this ministry has not been collected.


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 7/19/2022. To update the information below, please email: info@ministrywatch.com


History

Bob Mumford is widely regarded as one of the foremost Bible teachers of the 21st century. Countless thousands of Christians, all over the planet, attribute their sustained, spiritual growth to Bob's passionate proclamation of the Kingdom of God. His remarkable journey with the Lord started at age 12, but it was later, as a Pharmacists Mate in the US navy, that God's sovereign call on his life emerged with unmistakable sovereignty.

Bob's early ministry began, on the very naval vessel he was stationed, leading sailors to the Lord. It soon became clear that God had bigger plans and immediately after his discharge from the Navy, Bob entered Valley Forge Christian College. Here, he met Judith and in 1956 they got married. After graduating from college, Bob and Judith served for some years in missions, medical missions and pastoral care.

In 1963, Bob took a position as Professor of New Testament and Missions at Elim Bible Institute in New York. As the ministry grew, God directed Bob to complete a Masters degree at the Reformed Episcopal Seminary. This opened many doors to mainline denominational churches and for several years Bob and Judith traveled across the globe, ministering in both denominational and renewal congregations. Leadership, during the tumultuous years of the global Charismatic renewal, often came at great personal cost. It is precisely Bob's readiness to share both his failures and insights into the word, that has made him a true mentor to the body of Christ. In recent years, God has released through Bob, a profound foundational word on "Agape" versus eros and a challenge to Christians to become "Human as God Intended". Bob and Judith continue to serve the Lord with patient endurance.


Program accomplishments


Needs