TRANSFORMING LIFE MINISTRIES

EIN: 463793411 501(c)(3) Religion

WILMINGTON, NC

Total Revenue
$27,503
Total Expenses
$28,144
Total Assets
$4,174
Net Assets
$3,896
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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
2013
Legal Domicile
NC
Principal Officer
JOHN M HOBBS MINISTER
Tax Period
2023-01-01 to 2023-12-31

TRANSFORMING LIFE MINISTRIES, founded in 2013, is a micro nonprofit in the Religion sector that reported $28K in total revenue in fiscal year 2023.

Mission

LIFE TRANSFORMATION MINISTRY

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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 (2023)

Revenue Breakdown

Contributions & Grants $27,500
Program Service Revenue $0
Investment Income $3
Other Revenue $0
TOTAL REVENUE $27,503

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,968
Fundraising Expenses $0
Program Expenses $28,144
Other Expenses $8,301
TOTAL EXPENSES $28,144

Year-over-Year Comparison

2023 2022 Change
Revenue $27,503 $26,263 +0.0%
Expenses $28,144 $22,054 +0.3%
Net Income $-641 $4,209 -1.2%
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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN M HOBBS PRINCIPAL OFFICER 40.00
Officer
$0 $0 $0
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 No data No data No data No data
2023 $27,503 $28,144 $4,174 $-641
2022 $26,263 $22,054 $4,537 $4,209
2021 $7,500 $11,067 $328 $-3,567
2020 $14,675 $10,674 $4,032 $4,001
2019 $9,690 $11,874 $-106 $-2,184
2018 $26,228 $24,589 $2,349 $1,639
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