FAITH BROADCASTING INC

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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

Principal Officer

MARK WILLIAMS

Phone

3342718900

Tax Period

2023-01-01 to 2023-12-31

FAITH BROADCASTING INC, founded in 1984, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.0M left a modest 10% surplus.

Mission

TO SERVE THE CHRISTIAN COMMUNITY AND STRENGTHEN THE FAMILY UNIT AND THE LOCAL CHURCH AS WE PROVIDE SPIRITUAL ENCOURAGEMENT AND PERSONAL CHALLENGE WITH A CHRIST-CENTERED FOCUS, THROUGH BIBLICAL TEACHING, RELEVANT INFORMATION AND UPLIFTING MUSIC TO THE GLORY OF GOD.

Program Service Accomplishments

Program 1

Expenses: $810,471

THE ORGANIZATION OPERATES RADIO STATIONS IN CENTRAL AND SOUTH ALABAMA. THEY BROADCAST RELIGIOUS AND EDUCATIONAL PROGRAMMING. NO FEES ARE CHARGED FOR AIR TIME, RATHER, THE STATION IS SUPPORTED BY...

THE ORGANIZATION OPERATES RADIO STATIONS IN CENTRAL AND SOUTH ALABAMA. THEY BROADCAST RELIGIOUS AND EDUCATIONAL PROGRAMMING. NO FEES ARE CHARGED FOR AIR TIME, RATHER, THE STATION IS SUPPORTED BY CONTRIBUTIONS FROM THE GENERAL PUBLIC.

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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 $1,078,035

Program Service Revenue $0

Investment Income $8,535

Other Revenue $76,099

TOTAL REVENUE $1,162,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $620,916

Fundraising Expenses $38,076

Program Expenses $810,471

Other Expenses $419,824

TOTAL EXPENSES $1,040,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,162,669	$1,253,771	-0.1%
Expenses	$1,040,740	$1,007,210	+0.0%
Net Income	$121,929	$246,561	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ALBRITTON	DIRECTOR	1.00	Director	$0	$0	$0
DEANNE JONES	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
CHAD SMITH	DIRECTOR	1.00	Director	$0	$0	$0
SHAN STALLINGS	DIRECTOR	1.00	Director	$0	$0	$0
MARK WILLIAMS	PRESIDENT	1.00	Officer Director	$0	$0	$0
GLENN COOK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN LUCAS	TREASURER	1.00	Officer Director	$0	$0	$0
LAURIE PETERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM IRVIN	DIRECTOR OF MINISTRY RELAT	40.00	Highest	$126,301	$22,958	$149,259

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	$1,162,669	$1,040,740	$1,863,539	$121,929
2022	$1,253,771	$1,007,210	$1,751,785	$246,561
2021	$1,279,639	$967,087	$1,318,022	$312,552
2021	$1,279,639	$967,087	$1,318,022	$312,552
2020	$1,131,524	$903,772	$1,014,407	$227,752
2019	$861,940	$884,055	$777,656	$-22,115
2018	$932,731	$846,502	$782,238	$86,229