FAR EAST BROADCASTING COMPANY

EIN: 951461574 501(c)(3) Religion

FRISCO, TX

Total Revenue
$22,872,714
Total Expenses
$17,700,563
Total Assets
$26,917,339
Net Assets
$23,666,128
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
TX
Principal Officer
EDWARD CANNON
Phone
5629474651
Tax Period
2024-07-01 to 2025-06-30

FAR EAST BROADCASTING COMPANY, founded in 1945, is a mid-sized nonprofit in the Religion sector that reported $22.9M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.2M, a strong 23% operating margin.

Mission

FEBC'S MISSION IS TO BRING CHRIST TO THE WORLD THROUGH RADIO AND OTHER MEDIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,337,500
Program Service Revenue $3,228,585
Investment Income $7,301,801
Other Revenue $4,828
TOTAL REVENUE $22,872,714

Expense Breakdown

Grants Paid $8,204,680
Salaries & Benefits $4,680,181
Fundraising Expenses $1,777,755
Program Expenses $14,554,471
Other Expenses $4,763,052
TOTAL EXPENSES $17,700,563

Year-over-Year Comparison

2024 2023 Change
Revenue $22,872,714 $15,036,783 +0.5%
Expenses $17,700,563 $16,215,523 +0.1%
Net Income $5,172,151 $-1,178,740 -5.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
54
Volunteers
60

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
6
$678,450
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD CANNON PRESIDENT AND CEO 40.00
Officer
$304,297 $56,549 $360,846
SCOTT HASSEL CAO, TREASURER AND CFO 40.00
Officer
$168,159 $31,384 $199,543
MARY K PARK EXECUTIVE DIRECTOR, KOREAN MINISTRIES 40.00
Highest
$125,042 $22,912 $147,954
SANDY WILSON DIRECTOR OF DEVELOPMENT 40.00
Highest
$114,510 $27,112 $141,622
CLIFF MCARDLE SPECIAL ASSISTANT TO THE PRESIDENT 40.00
Highest
$103,014 $38,511 $141,525
CHERI CARPENTER CORPORATE SECRETARY 40.00
Officer
$101,002 $17,059 $118,061
LAURIE KATTNER CHAIR 2.00
Officer Director
$0 $0 $0
WAYNE SHEPHERD VICE CHAIR 2.00
Officer Director
$0 $0 $0
KWOKNAM SHIU SECRETARY 2.00
Officer Director
$0 $0 $0
ALYNNE DOUGLASS DIRECTOR, BOARD ASST SEC. 2.00
Director
$0 $0 $0
RICHARD BOTT DIRECTOR 2.00
Director
$0 $0 $0
DAVID BUNN DIRECTOR 2.00
Director
$0 $0 $0
MIKE FABAREZ DIRECTOR 2.00
Director
$0 $0 $0
ROB KEITH DIRECTOR 2.00
Director
$0 $0 $0
ROGER KEMP DIRECTOR 2.00
Director
$0 $0 $0
DAN LINDQUIST DIRECTOR 2.00
Director
$0 $0 $0
JOHN WAUTERLEK DIRECTOR 2.00
Director
$0 $0 $0
BONNIE HO DIRECTOR (PART YEAR) 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
2025 $22,872,714 $17,700,563 $26,917,339 $5,172,151
2024 $15,036,783 $16,215,523 $20,521,530 $-1,178,740
2023 $17,523,131 $15,718,275 $20,695,141 $1,804,856
2022 $16,885,505 $14,783,271 $18,729,557 $2,102,234
2021 $13,309,014 $12,238,914 $17,628,706 $1,070,100
2020 $12,071,951 $11,765,452 $16,601,720 $306,499
2019 $12,137,534 $11,523,823 $15,989,128 $613,711
2018 $14,636,042 $11,236,445 $15,835,069 $3,399,597
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