FAR EAST BROADCASTING COMPANY

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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

1945

Legal Domicile

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

FAR EAST BROADCASTING COMPANY (FEBC) EXISTS TO DEVELOP CHRISTIAN RADIO/INTERNET PROGRAMMING AND DISCIPLESHIP MINISTRIES FOR A GLOBAL AUDIENCE.

Program Service Accomplishments

Program 1

Expenses: $8,204,680 Revenue: $3,228,585

AS AN INTERNATIONAL MEDIA NETWORK ESTABLISHED IN 1945, FEBC PROVIDES GRANTS TO ITS AFFILIATES WHICH BROADCAST THROUGHOUT GREATER ASIA AND OTHER PARTS OF THE WORLD.

Program 2

Expenses: $3,847,676

CHRISTIAN RADIO PROGRAMS ARE PRODUCED IN OUR U.S. HEADQUARTERS STUDIOS IN MANDARIN, TAGALOG, HMONG, KOREAN AND VIETNAMESE LANGUAGES, WHICH ARE BROADCAST IN THEIR NATIVE COUNTRIES VIA SHORTWAVE, AM...

CHRISTIAN RADIO PROGRAMS ARE PRODUCED IN OUR U.S. HEADQUARTERS STUDIOS IN MANDARIN, TAGALOG, HMONG, KOREAN AND VIETNAMESE LANGUAGES, WHICH ARE BROADCAST IN THEIR NATIVE COUNTRIES VIA SHORTWAVE, AM, FM, SATELLITE AND THROUGH OTHER MEDIA OUTLETS.

Program 3

Expenses: $2,074,052

THE U.S. OFFICE PROVIDES LEADERSHIP, CONSULTING SERVICES AND TRAINING TO 19 AFFILIATE OFFICES, INCLUDING STUDIOS, OFFICE SPACE, COMMUNICATION SERVICES AND IT SUPPORT. THE U.S. OFFICE ALSO ADMINISTERS PLANNED GIVING PROGRAMS INCLUDING CHARITABLE GIFT ANNUITIES, CHARITABLE TRUSTS, WILLS AND BEQUESTS, ETC.

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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 $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

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

$678,450

Total Directors

Key Employees

Highest Compensated

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