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

CategoryRatingOverall rankSector rank
Overall efficiency rating510 of 94135 of 70
Fund acquisition rating64 of 9434 of 70
Resource allocation rating545 of 94341 of 70
Asset utilization rating869 of 94163 of 70

Financial ratios

Funding ratiosSector median20202019201820172016
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 ratiosSector median20202019201820172016
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 ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.040.240.290.350.430.48
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.332.602.833.213.572.18
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.570.620.821.111.551.04
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
11.58189.10363.61127172.6786.122369.36
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.010.000.000.010.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.9319.3914.5410.817.6611.49
 
Solvency ratiosSector median20202019201820172016
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
 
Assets20202019201820172016
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
 
Liabilities20202019201820172016
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 assets20202019201820172016
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
 
Revenue20202019201820172016
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
 
Expenses20202019201820172016
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 assets20202019201820172016
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.