Civic Intelligence

Exchanged Life Ministries Inc.

990 • Fiscal year 2023 • EIN 84-1027265

Jan 01, 2023 to Dec 31, 2023 • Filed on May 01, 2024

7350 E Progress Place 206Greenwood Village, CO 80111

(720) 231-1284

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.14x

Higher debt load relative to assets than 82% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

0.28x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

29th percentile

-8.0%

Higher net margin than 29% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

96th percentile

$76,860

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 44.3% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

55th percentile

4.0%

Faster asset growth than 55% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-21%

Faster revenue growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$343,014

Up $13,116 (+4.0%) from 2022

Net Assets

Up

$294,886

Up $14,302 (+5.1%) from 2022

Liabilities

Down

$48,128

Down $1,186 (-2.4%) from 2022

Revenue

Down

$173,368

Down $45,162 (-21%) from 2022

Expenses

Up

$187,265

Up $13,038 (+7.5%) from 2022

Net Income

Down

-$13,897

Down $58,200 (-131%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $361,342Liabilities 2011: $0Net Assets 2011: $361,3422011Assets 2012: $452,878Liabilities 2012: $0Net Assets 2012: $452,8782012Assets 2013: $444,363Liabilities 2013: $0Net Assets 2013: $444,3632013Assets 2014: $426,420Liabilities 2014: $0Net Assets 2014: $426,4202014Assets 2015: $324,373Liabilities 2015: $0Net Assets 2015: $324,3732015Assets 2016: $268,631Liabilities 2016: $905Net Assets 2016: $267,7262016Assets 2017: $231,484Liabilities 2017: $258Net Assets 2017: $231,2262017Assets 2018: $196,078Liabilities 2018: $472Net Assets 2018: $195,6062018Assets 2019: $210,204Liabilities 2019: $2,765Net Assets 2019: $207,4392019Assets 2020: $296,739Liabilities 2020: $55,890Net Assets 2020: $240,8492020Assets 2021: $326,005Liabilities 2021: $49,146Net Assets 2021: $276,8592021Assets 2022: $329,898Liabilities 2022: $49,314Net Assets 2022: $280,5842022Assets 2023: $343,014Liabilities 2023: $48,128Net Assets 2023: $294,8862023Assets 2024: $337,032Liabilities 2024: $46,979Net Assets 2024: $290,0532024

Highlighted filing

2023

Assets$343,014
Liabilities$48,128
Net Assets$294,886

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $340,747Expenses 2011: $429,890Net Income 2011: -$89,1432011Revenue 2012: $416,849Expenses 2012: $389,544Net Income 2012: $27,3052012Revenue 2013: $321,629Expenses 2013: $347,557Net Income 2013: -$25,9282013Revenue 2014: $423,881Expenses 2014: $420,686Net Income 2014: $3,1952014Revenue 2015: $412,010Expenses 2015: $514,057Net Income 2015: -$102,0472015Revenue 2016: $404,964Expenses 2016: $461,611Net Income 2016: -$56,6472016Revenue 2017: $312,190Expenses 2017: $348,690Net Income 2017: -$36,5002017Revenue 2018: $235,590Expenses 2018: $271,311Net Income 2018: -$35,7212018Revenue 2019: $175,496Expenses 2019: $163,643Net Income 2019: $11,8532019Revenue 2020: $173,835Expenses 2020: $130,392Net Income 2020: $43,4432020Revenue 2021: $182,095Expenses 2021: $183,630Net Income 2021: -$1,5352021Revenue 2022: $218,530Expenses 2022: $174,227Net Income 2022: $44,3032022Revenue 2023: $173,368Expenses 2023: $187,265Net Income 2023: -$13,8972023Revenue 2024: $153,409Expenses 2024: $186,486Net Income 2024: -$33,0772024

Highlighted filing

2023

Revenue$173,368
Expenses$187,265
Net Income-$13,897
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 1, 2024
Return Version
2023v5.0
Gross Receipts
$173,368
Mission and Program Overview

Mission

We exist to equip and train the Christian Community and those in vocational ministry to effectively handle the pressures, circumstances and relationships of life. This is accomplished through conferences, workshops, training and discipleship.

We exist to equip and train the Christian community and those in vocational ministry to effectively handle the pressures, circumstances and relationships of life. This is accomplished through conferences, workshops, training, discipleship, and encouragment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$280,584$294,886▲ $14,302
Investments in Publicly Traded Securities$185,093$214,665▲ $29,572
Cash and Non-Interest-Bearing Accounts$102,653$74,443▼ $28,210
Savings and Temporary Cash Investments$38,983$50,737▲ $11,754
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$329,898$343,014▲ $13,116
Other Assets Total$3,169$3,169→ $0
Liabilities
Other Liabilities$49,324$48,128▼ $1,196
Accounts Payable and Accrued Expenses$-10--
Total Liabilities$49,314$48,128▼ $1,186
Net Assets / Fund Balance
Total Net Assets Fund Balance$280,584$294,886▲ $14,302
Total Liabilities and Net Assets / Fund Balance$329,898$343,014▲ $13,116
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donald McReavySecretaryFT$22,000$54,860$76,860

Board Members and Trustees

NameTitle
Dale KappChairman
George EllingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$137,810
Program Service Revenue
$17,715
Investment Income
$17,843
Other Revenue
$0
All Other Contributions
$137,810
Change in Net Assets
$-13,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$114,566
Other Expenses$72,699
Total Fundraising Expense$18,724
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$57,645$11,529$7,686$76,860
Occupancy$28,567$5,713$3,809$38,089
Other Employee Benefits$21,338$4,268$2,845$28,451
Other Salaries and Wages$6,941$1,388$926$9,255
Fees for Services Other$4,912$983$654$6,549
All Other Expenses$3,968$791$528$5,287
Fees for Services Accounting$3,338$667$445$4,450
Insurance$2,153$430$287$2,870
Conferences and Meetings$1,205$241$160$1,606
Other Expenses$1,080$216$144$1,440
Interest$1,028$206$137$1,371
Office Expenses$28$5$4$37
Total Functional Expenses$140,454$28,087$18,724$187,265
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
SBA loan$48,128
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the 990 and summary are submitted to the board members for review. There is time to answer questions to ensure that the board understands the information and authorizes the filing of the return.

Form 990, Part VI, Section B, Line 12C

The officers are required to report to the organization immediately if any potential conflict of interest should arise. They are asked in writing at least once annually if that status has changed.

Form 990, Part VI, Section B, Line 15A

Officer's salaries are set and approved by the board and stated in the minutes.

Form 990, Part VI, Section C, Line 18

Upon request.

Form 990, Part VI, Section C, Line 19

A policy manual that includes the conflict of interest policy, governing documents, financial statements, and recent 990s are available by requesting to see it at the front desk.

Filing and Contact Details

Filer

Filer Name
Exchanged Life Ministries
EIN
84-1027265
Phone
7202311284
Address
7350 E Progress Place 206, Greenwood Village, CO 80111

Signing Officer

Name
Donald McReavy
Title
Secr/Ex Director
Signed
2024-05-01
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
3
Employees
5

Preparer

Firm
Clergy Advantage
Address
2093 E 11th Street Ste 200, Loveland, CO 80537
Preparer
Chuck Trimble CPA
Phone
9706675819
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0280584
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0294886
IRS990/SavingsAndTempCashInvstGrp/BOYAmt038983
IRS990/SavingsAndTempCashInvstGrp/EOYAmt050737
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt021155
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt09124
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt035279
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0137810
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0178339
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0161566
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0147423
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0158636
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0783774
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt017843
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt023452
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt010429
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04227
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt055951
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt017715
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt016739
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt010100
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt026412
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt012633
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt083599
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt017843
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt023452
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt010429
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04227
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt055951
IRS990ScheduleA/InvestmentIncomeCYPct00.06060
IRS990ScheduleA/InvestmentIncomePYPct00.03030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.90120
IRS990ScheduleA/PublicSupportPY509Pct00.92380
IRS990ScheduleA/PublicSupportTotal509Amt0832094
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt021155
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt09124
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt035279
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0155525
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0195078
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0171666
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0173835
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0171269
IRS990ScheduleA/Total509Grp/TotalAmt0867373
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0173368
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0218530
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0182095
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0173835
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0175496
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0923324
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt048128
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA loan
IRS990ScheduleD/TotalLiabilityAmt048128
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the 990 and summary are submitted to the board members for review. There is time to answer questions to ensure that the board understands the information and authorizes the filing of the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The officers are required to report to the organization immediately if any potential conflict of interest should arise. They are asked in writing at least once annually if that status has changed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Officer's salaries are set and approved by the board and stated in the minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A policy manual that includes the conflict of interest policy, governing documents, financial statements, and recent 990s are available by requesting to see it at the front desk.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0329898
IRS990/TotalAssetsEOYAmt0343014
IRS990/TotalAssetsGrp/BOYAmt0329898
IRS990/TotalAssetsGrp/EOYAmt0343014
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0137810
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018724
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028087
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0140454
IRS990/TotalFunctionalExpensesGrp/TotalAmt0187265
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt049314
IRS990/TotalLiabilitiesEOYAmt048128
IRS990/TotalLiabilitiesGrp/BOYAmt049314
IRS990/TotalLiabilitiesGrp/EOYAmt048128
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0280584
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0294886
IRS990/TotalOtherCompensationAmt054860
IRS990/TotalProgramServiceExpensesAmt0140454
IRS990/TotalProgramServiceRevenueAmt017715
IRS990/TotalReportableCompFromOrgAmt022000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt035558
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0173368
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0329898
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0343014
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.37$0.47$2.90$1.53$1.86$0.33
2023Detailed filing. Detailed filing data is available for this year.$3.43$0.48$2.95$1.73$1.87$0.14
2022Detailed filing. Detailed filing data is available for this year.$3.30$0.49$2.81$2.19$1.74$0.44
2021Detailed filing. Detailed filing data is available for this year.$3.26$0.49$2.77$1.82$1.84$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.97$0.56$2.41$1.74$1.30$0.43
2019Detailed filing. Detailed filing data is available for this year.$2.10$0.03$2.07$1.75$1.64$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$2.36$2.71$0.36
2017Detailed filing. Detailed filing data is available for this year.$2.31$0.00$2.31$3.12$3.49$0.37
2016Detailed filing. Detailed filing data is available for this year.$2.69$0.01$2.68$4.05$4.62$0.57
2015Detailed filing. Detailed filing data is available for this year.$3.24$0.00$3.24$4.12$5.14$1.02
2014Summary only. Only limited summary data is available for this year.$4.26$0.00$4.26$4.24$4.21$0.03
2013Summary only. Only limited summary data is available for this year.$4.44$0.00$4.44$3.22$3.48$0.26
2012Summary only. Only limited summary data is available for this year.$4.53$0.00$4.53$4.17$3.90$0.27
2011Summary only. Only limited summary data is available for this year.$3.61$0.00$3.61$3.41$4.30$0.89