LIFE CHANGING MINISTRIES INC

EIN: 471041511 501(c)(3) Religion

Milwaukee, WI

Total Revenue
$598,292
Total Expenses
$598,426
Total Assets
$408,453
Net Assets
$-6,547
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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
2014
Legal Domicile
WI
Principal Officer
Robert Harris
Phone
4142699660
Tax Period
2020-01-01 to 2020-12-31

LIFE CHANGING MINISTRIES INC, founded in 2014, is a small nonprofit in the Religion sector that reported $598K in total revenue in fiscal year 2020. Revenue fell 39% from the prior year — a significant decline worth monitoring.

Mission

The Mission of Life Changing Ministries to assist individuals, youth, adults and families with making choices that will determine the course of their lives and them to become stronger, independent and empowered people to make decisions about the quality of life they seek or desire to have.

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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 (2020)

Revenue Breakdown

Contributions & Grants $25,000
Program Service Revenue $573,292
Investment Income $0
Other Revenue $0
TOTAL REVENUE $598,292

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $563,789
Other Expenses $598,426
TOTAL EXPENSES $598,426

Year-over-Year Comparison

2020 2019 Change
Revenue $598,292 $973,432 -0.4%
Expenses $598,426 $983,288 -0.4%
Net Income $-134 $-9,856 -1.0%
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
N/A
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Harris CEO/Director 40
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
2020 $598,292 $598,426 $408,453 $-134
2019 $973,432 $983,288 No data $-9,856
2018 $637,199 $633,756 $3,443 $3,443
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