FAITH COMMUNITY TELEVISION 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

2020

Legal Domicile

Principal Officer

ERIC L MILLINGTON

Phone

6189979333

Tax Period

2023-01-01 to 2023-12-31

FAITH COMMUNITY TELEVISION INC, founded in 2020, is a small nonprofit in the Religion sector that reported $580K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $551K left a modest 5% surplus.

Mission

RELIGIOUS BROADCASTING

Program Service Accomplishments

Program 1

Expenses: $312,562 Revenue: $450,949

THE LIVES OF MILLIONS OF PEOPLE HAVE BEEN TOUCHED BY THE BROADCAST OF THE GOSPEL MESSAGE. PEOPLE HAVE BEEN SAVED, HEALED, AND MINISTERED TO IN COUNTLESS WAYS THROUGH THIS TELEVISION NETWORK.

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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 $129,183

Program Service Revenue $450,949

Investment Income $241

Other Revenue $0

TOTAL REVENUE $580,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,812

Fundraising Expenses $0

Program Expenses $312,562

Other Expenses $432,863

TOTAL EXPENSES $550,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$580,373	$610,957	-0.1%
Expenses	$550,675	$570,381	0.0%
Net Income	$29,698	$40,576	-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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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

$83,754

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE A NOLAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
SHANE A CHANEY	TREASURER	2.00	Officer Director	$0	$0	$0
THOMAS C NOLAN III	SECRETARY	2.00	Officer Director	$0	$0	$0
BRANDON PORTER	DIRECTOR	1.00	Director	$0	$0	$0
SHANE STANFORD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DEBERRY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES MEYERS	DIRECTOR	40.00	Director	$83,754	$0	$83,754

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	$580,373	$550,675	$820,417	$29,698
2022	$610,957	$570,381	$875,332	$40,576
2021	$663,063	$561,637	$945,157	$101,426
2020	$206,086	$129,004	$865,449	$77,082