CALVARY RADIO NETWORK INC (EIN 270543000) - 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

2009

Legal Domicile

Principal Officer

JAMES MOTSHAGEN

Tax Period

2023-07-01 to 2024-06-30

CALVARY RADIO NETWORK INC, founded in 2009, is a small nonprofit in the Religion sector that reported $378K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $480K exceeded revenue, resulting in a 27% operating deficit.

Mission

RADIO BROADCASTING OF RELIGIOUS AND EDUCATIONAL PROGRAMMING

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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 (2023)

Revenue Breakdown

Contributions & Grants $342,484

Program Service Revenue $0

Investment Income $0

Other Revenue $35,989

TOTAL REVENUE $378,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,773

Fundraising Expenses $0

Program Expenses $428,651

Other Expenses $427,352

TOTAL EXPENSES $480,125

Year-over-Year Comparison

	2023	2022	Change
Revenue	$378,473	$752,268	-0.5%
Expenses	$480,125	$486,065	0.0%
Net Income	$-101,652	$266,203	-1.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILLIP F BALLMAIER	DIRECTOR	2.00	Director	$0	$0	$0
JAMES GOODMON	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HOLE	DIRECTOR	2.00	Director	$0	$0	$0
MARK RECKCOWSKY	DIRECTOR	2.00	Director	$0	$0	$0
JEFF SOLWOLD	DIRECTOR	2.00	Director	$0	$0	$0
ROGER ULMAN	DIRECTOR	2.00	Director	$0	$0	$0
JAMES MOTSHAGEN	PRESIDENT	60.00	Officer	$0	$0	$0
THOMAS WORTHINGTON	SECRETARY	4.00	Officer	$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
2025	No data	No data	No data	No data
2024	$378,473	$480,125	$678,292	$-101,652
2023	$752,268	$486,065	$754,128	$266,203
2022	$862,881	$545,875	$565,390	$317,006
2021	$437,263	$469,985	$409,342	$-32,722
2020	$453,755	$489,145	$401,587	$-35,390
2019	$595,096	$510,226	$407,085	$84,870

CALVARY RADIO NETWORK INC