HARVEST BROADCASTING COMPANY INC (EIN 770132124) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Phone

5596275276

Tax Period

2024-07-01 to 2025-06-30

HARVEST BROADCASTING COMPANY INC, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $308K in total revenue in fiscal year 2024.

Mission

THE PROMISE FM, AS A SEVENTH-DAY ADVENTIST CHRISTIAN RADIO MINISTRY, IS DEDICATED TO LEADING LISTENERS TO JESUS AND INSPIRING THEM TO PURSUE A DEEPER RELATIONSHIP WITH HIM.

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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 $307,739

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $307,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,830

Fundraising Expenses $23,613

Program Expenses $233,052

Other Expenses $210,795

TOTAL EXPENSES $328,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,739	$312,976	0.0%
Expenses	$328,625	$317,017	+0.0%
Net Income	$-20,886	$-4,041	+4.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN KIM	MEMBER AT LARGE	0.20	Director	$0	$0	$0
FRANK BAUGHMAN	Member at Large	0.20	Director	$0	$0	$0
ROBERT WILCOX	MEMBER AT LARGE	0.20	Director	$0	$0	$0
GARRICK PETERSON	Treasurer	0.20	Officer Director	$0	$0	$0
GARY BRADY	MEMBER AT LARGE	0.20	Director	$0	$0	$0
GAGE QUALLS	MEMBER AT LARGE	0.20	Director	$0	$0	$0
NORM CARY	Member at Large	0.20	Director	$0	$0	$0
RICHARD DUNN	Chairman	1.50	Officer	$0	$0	$0
CAROLYN LOMBARD	Secretary	0.20	Officer	$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
2025	$307,739	$328,625	$82,991	$-20,886
2024	$312,976	$317,017	$113,361	$-4,041
2023	$250,241	$339,060	$114,864	$-88,819
2022	$325,804	$352,317	$203,082	$-26,513
2021	$266,367	$315,972	$228,601	$-49,605
2020	$310,204	$301,544	$275,814	$8,660
2019	$315,207	$335,159	$269,309	$-19,952
2018	$305,785	$316,255	$281,851	$-10,470

HARVEST BROADCASTING COMPANY INC