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How to track date of each change in activity Status?

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I know...a crazy idea.  I have a business need where a "program" is Active and tracked in CRM.  The Program becomes "inactive" when failing to meet certain conditions.  However, the Program can become Active again after meeting certain requirements.  Yes, I can "reactivate" the Program.  However, I need to run reports based on the status for that given year.  Example:  Program was Active in 2017, Inactive in 2018, but Active again in 2019.  If I run a report today for 2018...the report needs to be a snapshot of 2018 reflecting the "inactive" status from 2018.

Hopefully that makes sense.  A program can switch between being Active and Inactive multiple times during it's life.  

Can I create an Entity based on Active/Inactive, rather than using OOB Deactivate function?  However I resolve, it needs to be a supported method.

Any ideas are welcome!  Thanks in advance!


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