FAITH COMMUNICATIONS CORP

EIN: 237124417 501(c)(3) Religion

Las Vegas, NV

Total Revenue
$2,514,634
Total Expenses
$2,514,562
Total Assets
$5,682,647
Net Assets
$5,645,503
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NV
Principal Officer
Brad Staheli
Phone
7027315452
Tax Period
2022-07-01 to 2023-06-30

FAITH COMMUNICATIONS CORP, founded in 1972, is a community nonprofit in the Religion sector that reported $2.5M in total revenue in fiscal year 2022. Net assets of $5.6M represent 27 months of operating reserves.

Mission

We provide Christian Radio to communities in NV, CA, AZ, UT, ID, WY, NM & MT. We can also be heard via live internet streaming at our website, www.sosradio.net. We own and operate seven primary stations and numerous translators, providing uplifting Christian Radio 24/7/365.

Program Service Accomplishments

Program 1
Expenses: $1,818,946 Revenue: $2,479,689

We provided Christian Radio to communities in NV, CA, AZ, UT, ID, WY, NM & MT. We can also be heard via live internet streaming at our website, www.sosradio.net. We own and operate seven primary...

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We provided Christian Radio to communities in NV, CA, AZ, UT, ID, WY, NM & MT. We can also be heard via live internet streaming at our website, www.sosradio.net. We own and operate seven primary stations and numerous translators, providing uplifting Christian Radio 24/7/365.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,479,689
Program Service Revenue $0
Investment Income $28,210
Other Revenue $6,735
TOTAL REVENUE $2,514,634

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,504,105
Fundraising Expenses $37,897
Program Expenses $1,818,946
Other Expenses $972,560
TOTAL EXPENSES $2,514,562

Year-over-Year Comparison

2022 2021 Change
Revenue $2,514,634 $2,528,189 0.0%
Expenses $2,514,562 $2,423,683 +0.0%
Net Income $72 $104,506 -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
3
Independent Members
N/A
Employees
16
Volunteers
6000

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
3
$428,753
Total Directors
3
$428,753
Key Employees
3
$370,311
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Mead Director of Donor Relations 40
Key Emp
$145,277 $0 $145,277
Paul S Mead CFO Treasurer & Corp Secretary 40
Officer Director
$144,891 $0 $144,891
Brad Staheli President 40
Officer Director
$141,931 $0 $141,931
Christine Staheli V.P. 40
Officer Director
$141,931 $0 $141,931
Daniel Grimes Chief Engineer 40
Key Emp
$125,947 $0 $125,947
John Harper III Program Director 40
Key Emp
$99,087 $0 $99,087
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $2,514,634 $2,514,562 $5,682,647 $72
2022 $2,528,189 $2,423,683 $5,709,911 $104,506
2021 $2,719,744 $2,469,897 $5,666,458 $249,847
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