PRIME TIME CHRISTIAN BROADCASTING INC

EIN: 850305209 501(c)(3) Religion

MIDLAND, TX

Total Revenue
$533,711
Total Expenses
$488,045
Total Assets
$1,738,972
Net Assets
$1,087,916
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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

Principal Officer
COREY ADAMS
Tax Period
2022-07-01 to 2023-06-30

PRIME TIME CHRISTIAN BROADCASTING INC is a small nonprofit in the Religion sector that reported $534K in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $488K left a modest 9% surplus.

Mission

TO EDUCATE AND PROMOTE RELIGIOUS LEARNING.

Program Service Accomplishments

Program 1
Expenses: $460,972

EDUCATE AND PROMOTE RELIGIOUS LEARNING

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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 (2022)

Revenue Breakdown

Contributions & Grants $461,615
Program Service Revenue $58,612
Investment Income $0
Other Revenue $13,484
TOTAL REVENUE $533,711

Expense Breakdown

Grants Paid $0
Salaries & Benefits $164,387
Fundraising Expenses $0
Program Expenses $460,972
Other Expenses $323,658
TOTAL EXPENSES $488,045

Year-over-Year Comparison

2022 2021 Change
Revenue $533,711 $468,250 +0.1%
Expenses $488,045 $572,552 -0.1%
Net Income $45,666 $-104,302 -1.4%
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

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Governance

Voting Members
5
Independent Members
5
Employees
3
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
3
$72,800
Total Directors
5
$72,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COREY ADAMS Vice President 40.00
Officer Director
$72,800 $0 $72,800
ROBERT NESSELRODT III President 2.00
Officer Director
$0 $0 $0
JOHN NESSELRODT Secretary 2.00
Officer Director
$0 $0 $0
GENARO MARTINEZ MEMBER 2.00
Director
$0 $0 $0
HAROLD HOLIDAY MEMBER 2.00
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 No data No data No data No data
2023 $533,711 $488,045 $1,738,972 $45,666
2023 $506,592 $632,238 $1,549,090 $-125,646
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