TREASURE COAST EDUCATIONAL MEDIA I… - Form 990 Financial Data

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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

2013

Legal Domicile

Principal Officer

JACK T HAMILTON

Tax Period

2023-01-01 to 2023-12-31

TREASURE COAST EDUCATIONAL MEDIA INC, founded in 2013, is a small nonprofit in the Religion sector that reported $698K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

CHRISTIAN CONTEMPORARY MEDIA

Program Service Accomplishments

Program 1

Expenses: $540,395

THE GOAL OF THE ORGANIZATION IS TO ENCOURAGE AND IMPACT LIVES WITH THE GOSPEL OF JESUS CHRIST THROUGH BROADCASTING, STREAMING INTERNET AUDIO, OPERATION OF RADIO BROADCASTING STATIONS AND CREATING...

THE GOAL OF THE ORGANIZATION IS TO ENCOURAGE AND IMPACT LIVES WITH THE GOSPEL OF JESUS CHRIST THROUGH BROADCASTING, STREAMING INTERNET AUDIO, OPERATION OF RADIO BROADCASTING STATIONS AND CREATING EXPERIENCES THAT INSPIRE PEOPLE TO LIVE LIFE PASSIONATELY, AND TO KNOW JESUS CHRIST AS THE SOURCE OF THAT LIFE. THE PRIMARY FOCUS OF BROADCASTING AND STREAMING IS CONTEMPORARY CHRISTIAN MUSIC. THE BROADCAST ALSO PROVIDES LOCAL NEWS, WEATHER, EMERGENCY INFORMATION, LOCAL HIGH SCHOOL SPORTS, AND SELECTED EDUCATIONAL PROGRAMS, PARTICULARLY BIBLE TEACHING.

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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 $697,633

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $697,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $489,868

Fundraising Expenses $7,509

Program Expenses $540,395

Other Expenses $218,025

TOTAL EXPENSES $707,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$697,633	$798,217	-0.1%
Expenses	$707,893	$817,457	-0.1%
Net Income	$-10,260	$-19,240	-0.5%

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

$101,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK T HAMILTON	PRESIDENT	40.00	Officer	$101,038	$0	$101,038
LARRY S BOAN	DIRECTOR	1.00		$0	$0	$0
WARREN C MAYS	DIRECTOR	1.00		$0	$0	$0
STEPHEN P TIPTON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JOEL A MOLINARI	SECRETARY TREASURER	1.00	Officer	$0	$0	$0
JOSEPH J PELLEGRINO	UNDERWRITING MANAGER	1.00	Highest	$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	$697,633	$707,893	$13,215	$-10,260
2022	$798,217	$817,457	$11,344	$-19,240
2021	$907,391	$812,701	$17,004	$94,690
2020	$635,682	$684,594	$7,314	$-48,912
2019	$668,032	$631,523	$17,942	$36,509
2018	$578,308	$590,449	$-10,865	$-12,141
2017	$521,672	$538,627	$11,985	$-16,955
2016	$543,929	$574,402	$-13,852	$-30,473

TREASURE COAST EDUCATIONAL MEDIA INC