Lasting Change INC

EIN: 351167389 501(c)(3) Crime & Legal

FORT WAYNE, IN

Total Revenue
$21,018,587
Total Expenses
$25,521,859
Total Assets
$42,129,884
Net Assets
$7,885,623
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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
IN
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

LASTING CHANGE PROVIDES ADMINISTRATIVE SUPPORT TO RELATED NON-PROFIT ORGANIZATIONS. CURRENTLY SUPPORT IS PROVIDED TO LIFELINE YOUTH AND FAMILY SERVICES AND CROSSWINDS, INC.

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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%)

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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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Governance

Voting Members
6
Independent Members
6
Employees
238
Volunteers
6

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
2
$539,613
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
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
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