FAITH BROADCASTING NETWORK INC (EIN 061531224) - 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

1998

Legal Domicile

Principal Officer

FRANK AMEDIA

Phone

6189979333

Tax Period

2024-01-01 to 2024-12-31

FAITH BROADCASTING NETWORK INC, founded in 1998, is a community nonprofit in the Religion sector that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $20.8M exceeded revenue, resulting in a 182% operating deficit.

Mission

RELIGIOUS BROADCASTING

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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 $309,788

Program Service Revenue $3,136,907

Investment Income $3,903,794

Other Revenue $28,885

TOTAL REVENUE $7,379,374

Expense Breakdown

Grants Paid $15,000,000

Salaries & Benefits $0

Fundraising Expenses $12,013

Program Expenses $20,388,565

Other Expenses $5,827,019

TOTAL EXPENSES $20,827,019

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,379,374	$4,110,797	+0.8%
Expenses	$20,827,019	$4,669,067	+3.5%
Net Income	$-13,447,645	$-558,270	+23.1%

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

N/A

Volunteers

N/A

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

Total Directors

$238,509

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BUNKER SESSIONS	PRESIDENT AND CEO	5.00	Director	$0	$0	$238,509
FRANK AMEDIA	BOARD CHAPLIN	5.00	Officer Director	$0	$0	$0
CHARLIE BAKER	DIRECTOR	5.00	Director	$0	$0	$0
MATTHEW CROUCH	DIRECTOR	5.00	Director	$0	$0	$0
COLBY MAY	DIRECTOR	5.00	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	$7,379,374	$20,827,019	$29,550,448	$-13,447,645
2023	$4,110,797	$4,669,067	$41,655,690	$-558,270
2022	$3,274,362	$4,088,825	$40,968,397	$-814,463
2021	$6,411,585	$1,058,061	$44,051,948	$5,353,524
2021	$6,411,585	$1,058,061	$44,051,948	$5,353,524
2020	$1,294,314	$1,382,613	$37,897,775	$-88,299
2019	$2,354,178	$1,862,673	$36,696,774	$491,505
2018	$2,402,816	$2,110,078	$33,087,574	$292,738

FAITH BROADCASTING NETWORK INC