Lifechangers, Inc./ Bob Mumford

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
442 Neal St., Suite A 38501
Cookeville, TN 38502-8502

Website: www.lifechangers.org

Phone: (931) 520-3730

Email: lc@lifechangers.org


Organization details

EIN: 680090532

CEO/President: Mr. Eric Mumford

Chairman: Rev. Bob Mumford

Board size: 5

Founder:

Year founded: 1973

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


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.

Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating222 of 43021 of 46
Fund acquisition rating34 of 4303 of 46
Resource allocation rating253 of 43023 of 46
Asset utilization rating384 of 43037 of 46

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%1%0%0%0%3%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%1%0%0%0%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%95%94%93%94%90%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%0%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%5%6%7%6%10%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%81%81%82%81%77%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%116%112%109%105%107%
Program output ratio Program output ratio =
Program services /
Total revenue
81%94%91%90%86%83%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-16%-12%-9%-5%-7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-6%-5%-4%-2%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%19%19%18%18%21%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.320.430.480.460.440.38
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.533.572.182.173.873.78
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.531.551.041.011.681.45
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.0986.122369.3687.1770.00817.25
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.010.000.010.010.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.077.6611.4911.757.028.29
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%0%0%1%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
63%230%209%214%229%261%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$145,942$355,031$88,807$95,259$127,762
Receivables, inventories, prepaids$189,821$225,463$531,781$266,790$253,076
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$335,763$580,494$620,588$362,049$380,838
Long-term investments$321,650$121,108$128,411$131,182$121,865
Fixed assets$540,632$560,403$595,201$902,010$929,391
Other long-term assets$1,616$3,857$5,467$7,004$7,001
Total long-term assets$863,898$685,368$729,079$1,040,196$1,058,257
Total assets$1,199,661$1,265,862$1,349,667$1,402,245$1,439,095
 
Liabilities20172016201520142013
Payables and accrued expenses$3,899$245$7,119$5,172$466
Other current liabilities$0$0$0$0$0
Total current liabilities$3,899$245$7,119$5,172$466
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$3,899$245$7,119$5,172$466
 
Net assets20172016201520142013
Unrestricted$1,077,508$1,157,204$1,240,967$1,308,344$1,356,630
Temporarily restricted$118,254$108,413$101,581$98,729$81,999
Permanently restricted$0$0$0$0$0
Net assets$1,195,762$1,265,617$1,342,548$1,397,073$1,438,629
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$428,733$506,073$530,413$545,582$465,830
Program service revenue$13,606$18,703$15,076$23,313$48,885
Membership dues$0$0$0$0$0
Investment income$7,086$14,396$8,833$9,552$149
Other revenue$0$0$18,116$0$0
Total other revenue$20,692$33,099$42,025$32,865$49,034
Total revenue$449,425$539,172$572,438$578,447$514,864
 
Expenses20172016201520142013
Program services$421,068$490,666$512,372$495,848$425,124
Management and general$96,685$114,012$112,434$111,656$113,020
Fundraising$2,376$1,258$1,789$2,499$12,363
Total expenses$520,129$605,936$626,595$610,003$550,507
 
Change in net assets20172016201520142013
Surplus (deficit)($70,704)($66,764)($54,157)($31,556)($35,643)
Other changes in net assets$0$0$0$0$0
Total change in net assets($70,704)($66,764)($54,157)($31,556)($35,643)

Response from ministry

No response has been provided by this ministry.


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.