EDUCATIONAL RADIO FOUNDATION OF EA… - 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

1981

Legal Domicile

Principal Officer

TROY KRIECHBAUM

Phone

9035086888

Tax Period

2024-01-01 to 2024-12-31

EDUCATIONAL RADIO FOUNDATION OF EAST TEXAS, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.2M left a modest 7% surplus.

Mission

EDUCATIONAL BROADCASTING

Program Service Accomplishments

Program 1

Expenses: $3,275,817

WE BROADCAST THE GOOD NEWS OF JESUS CHRIST VIA BROADCAST FREQUENCIES AND DIGITAL MEDIA THROUGH SEVERAL MUSIC PROGRAMMING FORMATS FEATURING CHRISTIAN MUSIC AND BIBLE TEACHING DESIGNED TO INSPIRE...

WE BROADCAST THE GOOD NEWS OF JESUS CHRIST VIA BROADCAST FREQUENCIES AND DIGITAL MEDIA THROUGH SEVERAL MUSIC PROGRAMMING FORMATS FEATURING CHRISTIAN MUSIC AND BIBLE TEACHING DESIGNED TO INSPIRE, EDUCATE AND ENCOURAGE. KVNE BROADCASTS CONTEMPORARY CHRISTIAN MUSIC, LIFT WORSHIP INVITES PEOPLE TO WORSHIP THE LORD THROUGH PRAISE MUSIC AND FUZION BROADCASTS CHRISTIAN MUSIC IN SPANISH, BRINGING HOPE AND ENCOURAGEMENT TO HISPANICS ACROSS EAST TEXAS AND AROUND THE WORLD. ON-AIR RADIO STATIONS SERVE APPROXIMATELY 225,000 PEOPLE IN EAST TEXAS, NEW MEXICO AND NORTHWEST LOUISIANA AND OVER 570,000 UNIQUE STREAMERS. ADDITIONALLY, INVOLVED IN COMMUNITIES SERVED THROUGH VARIOUS LOCAL MINISTRIES WITH SHOE DRIVES, DIAPER DRIVES AND ASSISTING LOCAL FAMILIES DURING OUR CHRISTMAS ENCOURAGMENT PROGRAM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,516,065

Program Service Revenue $0

Investment Income $901

Other Revenue $69,301

TOTAL REVENUE $5,586,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,585,967

Fundraising Expenses $430,760

Program Expenses $3,275,817

Other Expenses $2,601,253

TOTAL EXPENSES $5,187,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,586,267	$5,054,980	+0.1%
Expenses	$5,187,220	$4,293,455	+0.2%
Net Income	$399,047	$761,525	-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

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

$223,270

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNDA EVANS	DIRECTOR	1.00	Director	$0	$0	$0
JIM GOMILLION	DIRECTOR	1.00	Director	$0	$0	$0
DONNA PILGRIM	DIRECTOR	1.00	Director	$0	$0	$0
BETH PURL	CHAIR - MINISTRY & DEVELOP	1.00	Officer Director	$0	$0	$0
JET SCHULER	CHAIR - GOVERNANCE	1.00	Officer Director	$0	$0	$0
CRIS BERLINGERI	DIRECTOR	1.00	Director	$0	$0	$0
ANN HALL	VICE CHAIR-BUS & OPER	1.00	Officer Director	$0	$0	$0
PAUL MCKENZIE	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE CORDON	DIRECTOR	1.00	Director	$0	$0	$0
LUIS RIVERA	DIRECTOR	1.00	Director	$0	$0	$0
ANDY STINSON	DIRECTOR	1.00	Director	$0	$0	$0
KEN LACKNER	DIRECTOR	1.00	Director	$0	$0	$0
TROY KRIECHBAUM	PRESIDENT/CEO	40.00	Officer	$180,312	$42,958	$223,270
HAROLD R SKYLES	KEY EMPLOYEE	40.00	Highest	$124,292	$31,726	$156,018
BENJAMIN STANLEY	KEY EMPLOYEE	40.00	Highest	$120,518	$19,323	$139,841
MICHAEL HARPER	KEY EMPLOYEE	40.00	Highest	$109,706	$13,372	$123,078

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	$5,586,267	$5,187,220	$20,106,083	$399,047
2023	$5,054,980	$4,293,455	$17,085,239	$761,525
2022	$4,021,747	$3,549,660	$12,073,669	$472,087
2021	$5,263,792	$3,373,634	$10,255,856	$1,890,158
2020	$5,195,362	$3,223,357	$8,234,280	$1,972,005
2019	$3,677,838	$2,347,775	$6,330,776	$1,330,063
2018	$2,200,736	$2,185,686	$4,861,593	$15,050

EDUCATIONAL RADIO FOUNDATION OF EAST TEXAS