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Ben Haden Evangelical Association, Inc. / Changed Lives

Rating
Sector:

Educational Media

Total
Revenue:

$1,065,172

Total
Expenses:

$616,828

Net
Assets:

$10,030,351

Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 81.4% 32.4%
General & Admin 12.4% 36.4%
Fundraising 6.3% 4.3%
Savings 0% 42%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Ben Haden Evangelical Association, Inc. (BHEA) produced a weekly worldwide TV and radio program under the name of Changed Lives for more than a generation. In may 2001, Changed Lives transferred its TV and radio times and contracts to Leading the Way with Dr. Michael Youssef. BHEA is now concentrating on the INTERNET, seven days a week, 24 hours a day, using state-of-the-art internet streaming with video and audio on demand.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.
BHEA is a member of the Evangelical Council for Financial Accountability (ECFA).

Contact Information: [ Back to top ]

Mailing Address:P.O. Box 100 1200 Mountain Creek Road , Bldg 200
Chattanooga, TN
37401-7401
Website: www.changedlives.org
Phone:(423) 875-0911,
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 626081698
CEO/President: Mr. Scott Probasco, Jr. Tax Deductible: Yes
Chairman: Dr. Ben Haden Fiscal Year End: September 30
Board Size: 9 Financial info from: 990
Founder: Dr. Ben Haden Member of ECFA: Yes
Year Founded: 1968 Member of ECFA since: 1987

Purpose [ Back to top ]

Ben Haden Evangelical Association, Inc. (BHEA) produced a weekly worldwide TV and radio program under the name of Changed Lives for more than a generation. In may 2001, Changed Lives transferred its TV and radio times and contracts to Leading the Way with Dr. Michael Youssef. BHEA is now concentrating on the INTERNET, seven days a week, 24 hours a day, using state-of-the-art internet streaming with video and audio on demand.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.
BHEA is a member of the Evangelical Council for Financial Accountability (ECFA).

Mission Statement [ Back to top ]

Need Mission Statement

Program Accomplishments [ Back to top ]

2003 is Ben Haden's 35th year as a national broadcaster.

Statement of Faith [ Back to top ]

This profile needs a statement of faith

History [ Back to top ]

Ben Haden Evangelical Association, Inc was formed in 1967 not long after Ben Haden arrived at First Presbyterian Church in Chattanooga, TN. Mr. Haden launched his own radio ministry, "Changed Lives," on radio station WFLI in Chattanooga. Mr. Haden, a former Kingsport, Tenn. newspaperman who had made a midlife acceptance of Christ as his personal savior, had been serving as pastor as Key Biscayne Presbyterian Church near Miami, Fla. He was already familiar to many First Presbyterian Church members for his Philadelphia-based radio program, "Bible Study Hour." Mr. Haden had grown physically weary of flying to Philadelphia twice a month for the "Bible Study Hour" programs and felt his radio ministry could best be served in Chattanooga.

The ministry -- which Mr. Haden has operated independently of the church -- eventually, grew to include a television ministry as well.

Today, Ben is now using the INTERNET for his messages after having named Dr. Michael Youssef his permanent successor for Changed Lives' TV and radio contracts.

Ministry Needs [ Back to top ]

This organization has not offered MinistryWatch.com with specific needs to be posted on the profile. At such a time that MinistryWatch.com receives a response from the ministry, it will be posted immediately.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : A
Criteria categoryGradeOther Comments
Timeliness:100
Financial Information:100
Foundational Clarity:
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankEducational Media Sector
Overall Efficiency RatingStarStar286 of 352    32 of 41
Fund Acquisition DecisionStarStarStar167 of 352      19 of 41
Resource Allocation DecisionStar323 of 352      38 of 41
Asset Utilization DecisionStarStar258 of 352      27 of 41
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Ministry Statement or Response [ Back to top ]

This organization has not offered MinistryWatch.com with an official statement or response for their profile. This area is meant as a mechanism for the profiled ministry to communicate anything they may choose. It is open ended as to the topic, issues, facts or news to address. It is not negative if there is no official statement as many don’t have anything to add than what is already on the profile. This section is not tied to transparency or to communication in general. Many very open and talkative ministries with us choose not to post an official statement. This section is just an open ended offering to the profiled ministry for anything extra to say as they may choose.

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20052004200320022001
Return on FR Efforts9%6%0%0%0%0%
Fundraising Cost Ratio6%4%0%0%0%0%
Contributions Reliance83%74%0%0%0%0%
Fundraising Expense Ratio6%8%0%0%0%0%
Other Revenue Reliance17%26%0%0%0%0%
Operating RatiosDatabase Average20052004200320022001
Program Expense Ratio81%56%0%0%0%0%
Spending Ratio100%58%0%0%0%0%
Program Output Ratio81%32%0%0%0%0%
Savings Ratio0%42%0%0%0%0%
Reserve Accumulation Rate2%5%0%0%0%0%
General & Admin Ratio12%36%0%0%0%0%
Investing RatiosDatabase Average20052004200320022001
Total Asset Turnover2.57x.06x0x0x0x0x
Degree of L-T Investment2.91x1x0x0x0x0x
Current Asset Turnover4.77x.06x0x0x0x0x
Age of Assets9.5yr(s)201.3yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20052004200320022001
Current Ratio122.32x2779.99x0x0x0x0x
Current Liabilities Ratio.32x0x0x0x0x0x
Liquid Reserve Level5.81x194.68x0x0x0x0x
Solvency RatiosDatabase Average20052004200320022001
Liabilities Ratio.23x0x0x0x0x0x
Debt Ratio.06x0x0x0x0x0x
Reserve Coverage Ratio87%1558%0%0%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20052004200320022001
Cash$1,564,941$2,667,239$4,982,422$5,004,634$4,402,800
Receivables, Inventories & Prepaids$0$0$3,897$1,106$23,130
Short-Term Investments$8,445,788$6,515,088$3,680,161$3,084,979$3,796,050
Total Current Assets$10,010,729$9,182,327$8,666,480$8,090,719$8,221,980
Long-Term Investments$4,416$4,416$4,416$4,741$4,741
Fixed Assets$18,807$8,470$98,508$407,467$511,238
Other Long-Term Assets$0$0$0$0$0
Total Long-Term Assets$23,223$12,886$102,924$412,208$515,979
TOTAL ASSETS$10,033,952$9,195,213$8,769,404$8,502,927$8,737,959
Liabilities20052004200320022001
Payables & Accrued Expenses$3,601$4,051$52,389$3,848$31,939
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$3,601$4,051$52,389$3,848$31,939
Debt$0$0$0$0$0
Other Long-Term Liabilities$0$0$0$0$0
Total Long-Term Liabilities$0$0$0$0$0
TOTAL LIABILITIES$3,601$4,051$52,389$3,848$31,939
Assets20052004200320022001
Unrestricted$7,111,827$6,379,118$5,993,719$5,817,729$5,940,874
Temporarily Restricted$710,613$662,253$618,556$593,182$711,196
Permanently Restricted$2,207,911$2,149,791$2,104,740$2,088,168$2,053,950
NET ASSETS$10,030,351$9,191,162$8,717,015$8,499,079$8,706,020
Revenue and Expenses
Revenue20052004200320022001
Total Contributions$787,288$741,279$787,745$818,277$4,264,078
Program Service Revenue$0$0$0$0$0
Membership Dues$0$453$0$0$0
Investment Income$277,884$149,827$129,548($200,208)$127,901
Other Revenue$0$0$0$0$0
Total Other Revenue$277,884$150,280$129,548($200,208)$127,901
TOTAL REVENUE$1,065,172$891,559$917,293$618,069$4,391,979
Expenses20052004200320022001
Program Services$345,472$398,271$659,447$449,651$2,821,330
Management & General$224,934$268,801$287,515$358,126$396,643
Fundraising$46,422$45,135$63,999$20,568$92,244
TOTAL EXPENSES$616,828$712,207$1,010,961$828,345$3,310,217
Change in Net Assets20052004200320022001
SURPLUS (DEFICIT)$448,344$179,352($93,668)($210,276)$1,081,762
Other Changes in Net Assets$390,845$294,795$311,604$3,335($321,259)
TOTAL CHANGE IN NET ASSETS$839,189$474,147$217,936($206,941)$760,503

Functional Expenses [ Back to top ]

Funding Ratios20052004200320022001
Grants & Allocations$0$0$0$0$0
Specific Assistance to Individuals$0$0$0$0$0
Benefits Paid To or For Members$0$0$0$0$0
Compensation of Officers, Directors$0$0$0$0$0
Other Salaries, Wages$30,400$24,354$28,879$41,462$133,607
Pension Plan Contributions$0$0$0$0$0
Other Employee Benefits$0$0$0$0$0
Payroll Taxes$2,142$1,771$2,209$3,155$10,227
Professional Fundraising Fees$0$0$0$0$0
Accounting Fees$7,590$2,113$19,115$36,860$40,135
Legal Fees$0$0$0$0$0
Supplies$79,783$20,940$12,209$9,401$21,226
Telephone$11,982$10,893$9,457$9,607$11,481
Postage & Shipping$49,876$40,893$64,956$47,871$137,631
Occupancy$43,510$72,039$96,263$99,221$98,169
Equipment Rental & Maintenance$0$1,405$1,716$2,048$8,637
Printing & Publications$16,412$28,554$37,660$25,404$218,108
Travel$0$3,089$1,958$5,740$7,882
Conferences, Conventions & Meetings$0$0$0$0$0
Interest$0$0$0$0$0
Depreciation, Depletion etc.$6,666$93,757$308,959$103,771$104,825
Other Expenses$368,467$412,399$427,580$443,805$2,518,289
TOTAL NATURAL EXPENSES$616,828$712,207$1,010,961$828,345$3,310,217