KEY LIFE NETWORK INC

EIN: 592607667 501(c)(3)

MAITLAND, FL

Total Revenue
$1,526,532
Total Expenses
$1,956,241
Total Assets
$1,106,603
Net Assets
$1,009,735
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
FL
Principal Officer
GEORGE BINGHAM
Phone
4075390001
Tax Period
2024-01-01 to 2024-12-31

KEY LIFE NETWORK INC, founded in 1985, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO SUPPORT AND ENCOURAGE COMMUNICATION AND EXTENSION OF THE CHRISTIAN LIFE THROUGHOUT THE U.S. AND PROVIDE BIBLE TEACHING THROUGH CONVENTIONAL MODES SUCH AS THE INTERNET, RADIO BROADCASTING, TELEVISION BROADCASTING, REPRODUCED RECORDINGS, BOOKS, CONDUCTING SEMINARS, STUDY GROUPS, WORKSHOPS, AND MEETINGS.

Program Service Accomplishments

Program 1
Expenses: $688,655 Revenue: $95

RADIO AND WEB BROADCASTING: FIFTEEN MINUTE BIBLE TEACHINGS AND ONE MINUTE PROGRAMS ARE BROADCAST OVER THE INTERNET AND ON STATIONS ACROSS THE NATION ON A DAILY BASIS. THERE IS ALSO A 1 HOUR TALK SHOW...

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RADIO AND WEB BROADCASTING: FIFTEEN MINUTE BIBLE TEACHINGS AND ONE MINUTE PROGRAMS ARE BROADCAST OVER THE INTERNET AND ON STATIONS ACROSS THE NATION ON A DAILY BASIS. THERE IS ALSO A 1 HOUR TALK SHOW BROADCASTED WEEKLY ON RADIO STATIONS AND OVER THE INTERNET.

Program 2
Expenses: $413,580 Revenue: $8,050

PUBLICATIONS: PUBLICATIONS RANGE FROM FREE MAGAZINES TO FREE CDS. A FREE MAGAZINE IS MAILED 1-2 TIMES A YEAR TO CONSTITUENTS. IN ADDITION, THERE IS A MONTHLY MAILING OF "ASK LETTERS" WHICH INCLUDES A...

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PUBLICATIONS: PUBLICATIONS RANGE FROM FREE MAGAZINES TO FREE CDS. A FREE MAGAZINE IS MAILED 1-2 TIMES A YEAR TO CONSTITUENTS. IN ADDITION, THERE IS A MONTHLY MAILING OF "ASK LETTERS" WHICH INCLUDES A MINISTRY ARTICLE.

Program 3
Expenses: $303,564

PREMIUM FULFILLMENT: ACQUISITION, STORAGE AND DISTRIBUTION OF MINISTRY RELATED CONTENT, IN PRINTED, AUDIO, AND VIDEO FORMS, E.G. BOOKS, CDS, AND DVDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,561,301
Program Service Revenue $8,145
Investment Income $24,486
Other Revenue $-67,400
TOTAL REVENUE $1,526,532

Expense Breakdown

Grants Paid $0
Salaries & Benefits $893,551
Fundraising Expenses $121,132
Program Expenses $1,681,019
Other Expenses $1,062,690
TOTAL EXPENSES $1,956,241

Year-over-Year Comparison

2024 2023 Change
Revenue $1,526,532 $1,660,721 -0.1%
Expenses $1,956,241 $1,984,588 0.0%
Net Income $-429,709 $-323,867 +0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
12
Independent Members
9
Employees
9
Volunteers
9

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
4
$334,880
Total Directors
12
$334,880
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN W BROWN SR. EXEC VP 40.00
Officer Director
$146,468 $38,112 $184,580
GEORGE D BINGHAM PRESIDENT 40.00
Officer Director
$134,400 $0 $134,400
DR PETER ALWINSON SECRETARY 0.75
Officer Director
$15,900 $0 $15,900
JAMES HENDERSON BOARD MEMBER 0.00
Director
$0 $0 $0
DR MICHAEL MASTERS BOARD MEMBER 0.00
Director
$0 $0 $0
DR ROBERT C CANNADA JR BOARD MEMBER 0.00
Director
$0 $0 $0
ROBERT E BLOCK BOARD MEMBER 0.00
Director
$0 $0 $0
RICHARD A FARMER CHAIRMAN/TREASURER 0.00
Officer Director
$0 $0 $0
LARRY ANDERSON BOARD MEMBER 0.00
Director
$0 $0 $0
ALBERT FRAGA BOARD MEMBER 0.00
Director
$0 $0 $0
BARBARA JULIANI BOARD MEMBER 0.00
Director
$0 $0 $0
JAMES HUGHES BOARD MEMBER 0.00
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 $1,526,532 $1,956,241 $1,106,603 $-429,709
2023 $1,660,721 $1,984,588 $1,545,738 $-323,867
2022 $1,651,763 $1,920,845 $1,851,219 $-269,082
2021 $1,772,771 $1,803,798 $2,219,266 $-31,027
2020 $1,657,527 $1,952,688 $2,246,108 $-295,161
2019 $1,496,703 $1,997,264 $2,484,139 $-500,561
2018 $1,841,568 $2,079,199 $2,955,085 $-237,631
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