Changing Lanes Ministries Inc (EIN 464092302) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

Brett Hendrix

Phone

9186304323

Tax Period

2024-01-01 to 2024-12-31

Changing Lanes Ministries Inc, founded in 2013, is a small nonprofit in the Mental Health sector that reported $227K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $195K left a modest 14% surplus.

Mission

Pastoral counseling for recovery from sexual addiction

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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 $187,674

Program Service Revenue $39,112

Investment Income $0

Other Revenue $0

TOTAL REVENUE $226,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,038

Fundraising Expenses $24,175

Program Expenses $119,041

Other Expenses $86,120

TOTAL EXPENSES $195,158

Year-over-Year Comparison

	2024	2023	Change
Revenue	$226,786	$172,233	+0.3%
Expenses	$195,158	$212,065	-0.1%
Net Income	$31,628	$-39,832	-1.8%

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

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

$104,041

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brett Hendrix	Executive Direc	50.00	Officer	$92,262	$11,779	$104,041
Brandon Cox	President	1.00	Officer Director	$0	$0	$0
Michael Cain	Vice President	1.00	Officer Director	$0	$0	$0
John O'Dell	Director	1.00	Director	$0	$0	$0
Chuck Leppert	Director	1.00	Director	$0	$0	$0
Randy Alley	Director	1.00	Director	$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	$226,786	$195,158	$90,334	$31,628
2022	$217,538	$178,982	$98,178	$38,556

Changing Lanes Ministries Inc