Lasting Change INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Phone

2607023803

Tax Period

2024-01-01 to 2024-12-31

Lasting Change INC, founded in 1968, is a mid-sized nonprofit in the Crime & Legal sector that reported $21.0M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $25.5M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE MISSION STATEMENT OF THE ORGANIZATION IS CHANGING HEARTS AND BRINGING HOPE TO INDIVIDUALS, FAMILIES, AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $12,436,503 Revenue: $8,486,117

Residential services - an average of 50 boys were housed and served at our 24-hour residential facilities in Pierceton, Indiana and Fort Wayne, Indiana. The residents participate in a sexual offender relapse prevention, substance abuse and behavior, and/or independent living program. The facilities offer housing, a school, gymnasium, a wood workshop, and a horticultural greenhouse. We help our residential students focus on overcoming the past and seeking hope for the future.

Program 2

Expenses: $9,146,116 Revenue: $12,136,796

LASTING CHANGE PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACCOUNTING, HUMAN RESOURCES, PAYROLL, MARKETING, AND EXECUTIVE OVERSIGHT, AND ALSO LEASES A BUILDING TO LIFELINE YOUTH AND FAMILY SERVICES AND...

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $458,606

Program Service Revenue $20,551,228

Investment Income $-62,932

Other Revenue $71,685

TOTAL REVENUE $21,018,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,157,252

Fundraising Expenses $91,000

Program Expenses $21,582,619

Other Expenses $10,364,607

TOTAL EXPENSES $25,521,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,018,587	$25,322,032	-0.2%
Expenses	$25,521,859	$23,163,328	+0.1%
Net Income	$-4,503,272	$2,158,704	-3.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

238

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$539,613

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alexis Kuhne	Board Member	3.0	Director	$0	$0	$0
Dave Neckers	Board Member	3.0	Director	$0	$0	$0
Ed Gillig	Board Member	3.0	Director	$0	$0	$0
Ed McKaig	Board Member	3.0	Director	$0	$0	$0
Jim Houlihan	Board Vice President	3.0	Director	$0	$0	$0
Tom Rhoades	Board President	3.0	Director	$0	$0	$0
Robin R Strasser	Chief Financial Officer	40.0	Officer	$161,304	$10,155	$171,459
Timothy M Smith	Chief Executive Officer	40.0	Officer	$343,104	$25,050	$368,154
Abraham J Hepler	VP-Residential Services	50.0	Highest	$174,960	$34,123	$209,083
Curtis G Smith	Chief Marketing & Communication Officer	40.0	Highest	$143,541	$18,475	$162,016
Cynthia L White	VP-Human Resources	40.0	Highest	$140,740	$25,050	$165,790
Debra L Johnson	Executive State Director	50.0	Highest	$230,739	$10,155	$240,894
Kevin W Hedrick	Executive VP-Lifeline	1.0	Highest	$174,988	$26,698	$201,686
Mark Terrell	FORMER PRESIDENT	0.0		$328,104	$0	$328,104

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$21,018,587	$25,521,859	$42,129,884	$-4,503,272
2023	$25,322,032	$23,163,328	$41,497,699	$2,158,704
2022	$16,864,890	$19,611,798	$39,851,221	$-2,746,908
2021	$9,509,443	$9,199,305	$19,329,135	$310,138
2020	$6,546,449	$5,892,446	$16,917,763	$654,003
2019	$6,430,361	$5,624,311	$16,263,960	$806,050
2018	$6,343,292	$5,504,322	$15,760,456	$838,970