CHRISTIAN HERITAGE BROADCASTINGINC

EIN: 411514519 501(c)(3)

OSAKIS, MN

Total Revenue
$1,412,089
Total Expenses
$1,557,039
Total Assets
$2,922,209
Net Assets
$2,615,814
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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
1984
Legal Domicile
MN
Principal Officer
DAVID MCIVER
Phone
3208593000
Tax Period
2023-01-01 to 2023-12-31

CHRISTIAN HERITAGE BROADCASTINGINC, founded in 1984, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 10% operating deficit.

Mission

CHB'S (PRAISELIVE) VISION IS TO SEE EVERY TRIBE AND NATION EXPERIENCING JESUS TOGETHER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,349,940
Program Service Revenue $0
Investment Income $11,556
Other Revenue $50,593
TOTAL REVENUE $1,412,089

Expense Breakdown

Grants Paid $0
Salaries & Benefits $715,682
Fundraising Expenses $125,408
Program Expenses $1,295,204
Other Expenses $841,357
TOTAL EXPENSES $1,557,039

Year-over-Year Comparison

2023 2022 Change
Revenue $1,412,089 $1,577,342 -0.1%
Expenses $1,557,039 $1,486,097 +0.0%
Net Income $-144,950 $91,245 -2.6%
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
6
Independent Members
5
Employees
12
Volunteers
25

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
$102,473
Total Directors
5
$102,473
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID MCIVER EXEC DIR/VP/ 40.00
Officer Director
$88,752 $13,721 $102,473
JEFF RHEINGANS PRESIDENT 1.00
Officer Director
$0 $0 $0
CHUCK BAUER TREASURER 1.00
Officer Director
$0 $0 $0
LARRY JEDDELOH DIRECTOR 1.00
Director
$0 $0 $0
KERRY JOHNSON DIRECTOR 1.00
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 No data No data No data No data
2023 $1,412,089 $1,557,039 $2,922,209 $-144,950
2022 $1,577,342 $1,486,097 $3,056,704 $91,245
2021 $1,841,551 $1,257,937 $3,031,849 $583,614
2020 $953,337 $1,386,432 $936,321 $-433,095
2019 $883,511 $1,351,632 $1,365,549 $-468,121
2018 $624,780 $662,128 $1,657,650 $-37,348
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