Lifechangers, Inc./ Bob Mumford 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/19/2021. To update the information in this column, please email: info@ministrywatch.com
Summary
Lifechangers Ministries, Inc. ("Lifechangers") is the ministry of Bob Mumford. For over 20 years, Lifechangers has been distributing Christ-centered materials to thousands of people in the United States as well as to over 20 countries around the world. Each month the ministry distributes Lifechangers Tape, where Bob deals with pertinent issues that affect one's everyday lives. In addition, Lifechangers publishes a bimonthly teaching booklet entitled Plumbline. Lifechangers also ministers to prison inmates and their families, lapsed Christians, and the business community. Lifechangers is a tax exempt nonprofit, and is eligible for tax-deductible donations.
Contact information
Mailing address:
PO Box 3709
448 Neal St., Suite B
Cookeville, TN 38501
Website: www.lifechangers.org
Phone: (931) 520-3730
Email: lc@lifechangers.org
Organization details
EIN: 680090532
CEO/President: Mr. Eric Mumford
Chairman: Peter Van Neirkerk
Board size: 6
Founder: Bob Mumford
Year founded: 1973
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2003
Purpose
Lifechangers, Inc. ("Lifechangers") is the ministry of Bob Mumford. Since 1972, Lifechangers has been distributing Christ-centered materials to thousands of people worldwide. The ministry distributes a monthly Lifechangers Tape and bi-monthly Plumbline teaching booklet where Bob deals with pertinent issues that affect one's every day life. Lifechangers also ministers to prison inmates and their families, lapsed Christians and the business community.
Lifechangers is a tax exempt nonprofit, and is eligible for tax-deductible donations.
Mission statement
Lifechangers expresses its mission as follows:
"...to prophetically proclaim and teach the sufficiency of Christ Jesus and His Kingdom in a manner that promotes reconciliation and unity."
Statement of faith
Lifechangers subscribes to the following statement of faith:
We believe the Bible, both the Old and New Testaments, to be the inspired, inerrant, and only infallible, authoritative Word of God.
We believe the triune Godhead as eternally existent in three persons: Father, Son, and Holy Spirit.
We believe in the Deity and humanity of Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious death, and atonement through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father and in His present priestly ministry. We believe in Christ's imminent personal return in power and great glory, and in His present and everlasting dominion.
We believe that for the salvation of lost and sinful man, regeneration by the Holy Spirit is absolutely essential. We further believe in the keeping power of God.
We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life. We believe that sanctification, holiness, and the overcoming life is God's design for the Church, which is the Bride of Christ.
We believe in the resurrection of both the saved and the lost. They that are saved unto resurrection of eternal life and they that are lost unto the resurrection of eternal punishment.
We believe in the spiritual unity of believers in our Lord Jesus Christ with equality across denominational, racial, gender, and class differences.
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Christian Growth
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 510 of 941 | 35 of 70 |
| Fund acquisition rating | | 64 of 943 | 4 of 70 |
| Resource allocation rating | | 545 of 943 | 41 of 70 |
| Asset utilization rating | | 869 of 941 | 63 of 70 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 1% | 1% | 0% | 1% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 1% | 1% | 0% | 1% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 85% | 94% | 96% | 95% | 95% | 94% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 1% | 1% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 15% | 6% | 4% | 5% | 5% | 6% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 77% | 80% | 81% | 81% | 81% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 86% | 86% | 92% | 116% | 112% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 67% | 69% | 74% | 94% | 91% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 14% | 14% | 8% | -16% | -12% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | 4% | 5% | 3% | -6% | -5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 22% | 19% | 19% | 19% | 19% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.04 | 0.24 | 0.29 | 0.35 | 0.43 | 0.48 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.33 | 2.60 | 2.83 | 3.21 | 3.57 | 2.18 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.57 | 0.62 | 0.82 | 1.11 | 1.55 | 1.04 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 11.58 | 189.10 | 363.61 | 127172.67 | 86.12 | 2369.36 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.93 | 19.39 | 14.54 | 10.81 | 7.66 | 11.49 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
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 | 79% | 421% | 343% | 289% | 230% | 209% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $325,112 | $270,862 | $191,800 | $145,942 | $355,031 |
| Receivables, inventories, prepaids | $188,682 | $187,652 | $189,718 | $189,821 | $225,463 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $513,794 | $458,514 | $381,518 | $335,763 | $580,494 |
| Long-term investments | $347,059 | $345,253 | $324,311 | $321,650 | $121,108 |
| Fixed assets | $472,575 | $490,850 | $517,971 | $540,632 | $560,403 |
| Other long-term assets | $1,269 | $1,054 | $1,032 | $1,616 | $3,857 |
| Total long-term assets | $820,903 | $837,157 | $843,314 | $863,898 | $685,368 |
| Total assets | $1,334,697 | $1,295,671 | $1,224,832 | $1,199,661 | $1,265,862 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $2,717 | $1,261 | $3 | $3,899 | $245 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $2,717 | $1,261 | $3 | $3,899 | $245 |
| 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 | $2,717 | $1,261 | $3 | $3,899 | $245 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $1,204,391 | $1,169,826 | $1,107,694 | $1,077,508 | $1,157,204 |
| With donor restrictions | $127,589 | $124,584 | $117,135 | $118,254 | $108,413 |
| Net assets | $1,331,980 | $1,294,410 | $1,224,829 | $1,195,762 | $1,265,617 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $345,075 | $423,449 | $439,294 | $428,733 | $506,073 |
| Program service revenue | $7,020 | $10,138 | $10,719 | $13,606 | $18,703 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $14,743 | $5,280 | $11,841 | $7,086 | $14,396 |
| Other revenue | $0 | $0 | $0 | $0 | $0 |
| Total other revenue | $21,763 | $15,418 | $22,560 | $20,692 | $33,099 |
| Total revenue | $366,838 | $438,867 | $461,854 | $449,425 | $539,172 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $244,604 | $301,827 | $343,064 | $421,068 | $490,666 |
| Management and general | $69,616 | $73,026 | $78,774 | $96,685 | $114,012 |
| Fundraising | $2,110 | $2,491 | $1,768 | $2,376 | $1,258 |
| Total expenses | $316,330 | $377,344 | $423,606 | $520,129 | $605,936 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $50,508 | $61,523 | $38,248 | ($70,704) | ($66,764) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $50,508 | $61,523 | $38,248 | ($70,704) | ($66,764) |
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 3/19/2021. To update the information below, please email: info@ministrywatch.com
History
Lifechangers expresses its history as follows:
Bob Mumford is a dynamic Bible teacher with a unique and powerful gift for imparting the Word of God. His anointed messages are remembered years afterwards, because he captivates his audiences by humor in the form of word pictures, which penetrate deep into hearts with incredible authority, clarity and personal application. Since 1954, thousands of Christians worldwide have attributed their spiritual growth and determination to follow Jesus Christ to his
prophetic teaching, helping them understand Father God and His Kingdom.
Bob has written for major Christian periodicals both in the United States and abroad and published several books including Take Another Look at Guidance, The King & You, Fifteen Steps Out, Living Happily Ever After and The Purpose of Temptation. He has also published numerous booklets called Plumblines, including Renegade Male and a series on Inheritance. Bob's writings have been translated into many different languages.
Bob has a heart for backsliders, having come to the Lord at age 12 only to stray from God a few months later. During this time, when he was 13, his parents divorced creating the need to quit school and work to help support his mother and five sisters. At 20 years old, he joined the U.S. Navy as a Medic. Bob would go with his Navy buddies to the bar and end up preaching to those in the bar the necessity to repent of their sins and come to Christ. Even then the "Hound of Heaven" was pursuing him!
While on leave from the Navy, Bob attended a church service one evening. He was overcome by the conviction of the Holy Spirit, and literally ran to the altar. After being away from God for 12 years, the Lord cleaned up his heart and gave him new purpose and direction, calling him specifically to "Feed My Sheep."
After completing his High School education in the Navy and then graduating with a Bachelor of Science in Bible from Valley Forge Christian College, Bob Mumford attended the University of Delaware and then received his Masters of
Divinity degree from Reformed Episcopal Seminary in Philadelphia. Over the years, he has served as a pastor, as Dean and Professor of New Testament and Missions at Elim Bible Institute. In 1972, he founded Lifechangers, Inc. to
distribute his teaching materials all over the world where he has traveled extensively to some 50 nations as an international conference speaker. His materials have been translated into 25 different languages.
Today he is considered to be a spiritual "Papa" to thousands of Christians. His ministry has been to prophetically proclaim and teach the sufficiency of Christ Jesus and His Kingdom in a manner which promotes reconciliation and unity in the Body of Christ. Bob seeks to bring about personal spiritual change and growth in the life of every believer, regardless of
denominational persuasion. His unique style of humor is designed to keep you smiling so it isn't too painful when the truth of his teach hits home. Such high intensity in the Holy Spirit accompanied by his pointed, colorful delivery, enables him to impact his audiences, making hearing him teach an unforgettable experience.
Program accomplishments
Lifechangers expresses its program accomplishments as follows:
Lifechangers has been regularly distributing the Lifechangers Tape and Plumbline since 1975. In addition, materials are
available in more than 20 different languages. Lifechangers holds teaching conferences several times each year.
Needs
Lifechangers expresses its needs as follows:
More sources and resources for translating, printing and distribution of materials in foreign languages.
If you would like to
receive information on Bob Mumford's ministry Lifechangers, or a catalog of materials available, you can write to us at: P.O. Box 98088, Raleigh, North Carolina, 27624 U.S.A. or call (919) 676-3500.