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Faith Broadcasting, Inc.

Rating
Sector:

Radio/ TV Stations

Total
Revenue:

$804,337

Total
Expenses:

$820,642

Net
Assets:

$1,540,126
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 80.3%
General & Admin 12.6% 17.4%
Fundraising 6.8% 3.8%
Savings -4.3% -2%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Faith Broadcasting Inc. is Christ centered, commerical free, listener supported radio with a vision to reach unbelievers and nourish believers through Christian broadcasting. It is an independent network of four FM radio stations serving Central and Southern Alabama listeners with information and inspiration from a Judeo-Christian world view.

Contact Information: [ Back to top ]

Mailing Address:P. O. Box 210789
Montgomery , AL
36121-0789
Website: www.faithbroadcasting.org
Phone:(334) 271-8900, (800) 239-8900
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 630818257
CEO/President: Mr. Mark Williams Tax Deductible: Yes
Chairman: Mr. Mark Williams Fiscal Year End: December 31
Board Size: 8 Financial info from: 990
Founder: Member of ECFA: Yes
Year Founded: 1981 Member of ECFA since: 1986

Purpose [ Back to top ]

Faith Broadcasting Inc. (dba WLBF/WSTF/WDYF) is a listener supported radio broadcasting ministry, incorporated in 1981, with a vision to reach unbelievers and nourish believers through Christian broadcasting. It is an independent, non-commercial network of four FM radio stations serving Central and Southern Alabama listeners with information and inspiration from a Judeo-Christian world view.

Mission Statement [ Back to top ]

Faith Broadcasting Inc. uses the following to express its mission:

Our mission is to serve the Christian community and strengthen the family unit and the local church as we provide spiritual encouragement and personal challenge with a Christ-centered focus, through biblical teaching, relevant information and uplifting music to the glory of God.

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

This profile needs a statement of faith

History [ Back to top ]

VISION FOR CHRISTIAN RADIO: A Story of God's Miraculous Leading


It was God's miracles and perfect timing that allowed WLBF-FM to sign on the air on April 4, 1984, to broadcast His love and good news to Montgomery and the surrounding area.

In June of 1980, Larry Wilkins (WLBF’s contract engineer) and his employer were listening to a Christian FM station while in Pensacola, Florida, on business and felt a need for programming such as this in Montgomery. Larry contacted a local Christian organization upon his return to Montgomery, asking them if they would consider underwriting a Christian station. After 7 or 8 months of discussion, they decided they could not underwrite a ministry of that magnitude at that time.

At this point, a small group of Christians who had joined together because of their vision for Christian radio thought the vision had temporarily died. However, Greg McKinnon, former Board treasurer, suggested that the group incorporate, trusting God to bring to Montgomery a quality Christian FM station.

In the spring of 1981, Montgomery Educational Radio, Inc., was registered with the State of Alabama. For the next six months, the Board compiled information for the application to file with the Federal Communications Commission for a non-commercial FM station. The application was received by the FCC on December 18, 1981, for their approval or disapproval.

There were obstacles in the path to approval. In April, 1982, a local college applied for the same frequency. The Board prayed for guidance. They looked at other frequencies, but a local church had claimed the last non-commercial frequency. The only thing left would be for God to perform a miracle.

In October, 1982, a miracle happened. The local church withdrew their application and the Board immediately applied for that frequency in November, 1982. The Board then prayed if God wanted this station on the air, the FCC would approve this application.

On October 18, 1983, God blessed Montgomery with the FCC approval. Application was made for the station call letters. WLBF was chosen because it stands for the station's spiritual goals and philosophy, We Live By Faith.

Through God's faithfulness, a $40,000 automation unit was donated by Colonial Broadcasting. They also made available free tower space for WLBF’s antenna. Frazer Memorial United Methodist Church allowed the use of one of their vacant trailers for office space rent-free.

Even with these and other donations, $58,000 had to be raised. This amount in itself was a miracle considering it normally takes half a million dollars to open a station. Between December, 1983, and April, 1984, through fund raising efforts, the money was donated by faithful Montgomery Christians who shared the vision for Bible-based family programming. On April 4, 1984, WLBF became a reality.

WLBF operated from its trailer behind Frazer Memorial United Methodist Church for five and one-half years when, in September, 1988, once again through the gracious giving of God's people in the Montgomery area, the station moved in to its current office and studio space on Mendel Parkway. Due to God's provision, the new building and grounds were completely paid for before the ribbon cutting ceremony was held!

In November, 1989, WLBF was granted FCC approval to increase its primary signal strength to 100,000 watts and its antenna height to 600 feet. A new transmitter and antenna were purchased to accommodate the change, widening the station's coverage area to include the greater part of south-central Alabama. In 1990, the Corporation's name was changed to Montgomery Christian Educational Radio to more closely reflect its mission and purpose.

WLBF, broadcasting the good news of Jesus Christ 24 hours-a-day, 7 days-a-week...all with the donations of interested listeners and churches in the area. To God be the glory, great things He hath done!

Ministry Needs [ Back to top ]

This organization has not offered MinistryWatch.com with specific needs to be posted on the profile. At such a time that MinistryWatch.com receives a response from the ministry, it will be posted immediately.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : A
Criteria categoryGradeOther Comments
Timeliness:100
Financial Information:100
Foundational Clarity:
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankRadio/ TV Stations Sector
Overall Efficiency RatingStarStarStarStar108 of 348    3 of 11
Fund Acquisition DecisionStarStarStarStar108 of 348      3 of 11
Resource Allocation Decision of 348      8 of 11
Asset Utilization Decision of 348      8 of 11
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Ministry Statement or Response [ Back to top ]

This organization has not offered MinistryWatch.com with an official statement or response for their profile. This area is meant as a mechanism for the profiled ministry to communicate anything they may choose. It is open ended as to the topic, issues, facts or news to address. It is not negative if there is no official statement as many don’t have anything to add than what is already on the profile. This section is not tied to transparency or to communication in general. Many very open and talkative ministries with us choose not to post an official statement. This section is just an open ended offering to the profiled ministry for anything extra to say as they may choose.

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20072006200520042003
Return on FR Efforts10%4%4%0%0%0%
Fundraising Cost Ratio7%4%4%0%0%0%
Contributions Reliance83%88%89%0%0%0%
Fundraising Expense Ratio7%4%4%0%0%0%
Other Revenue Reliance17%12%11%0%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio80%79%79%0%0%0%
Spending Ratio104%102%89%0%0%0%
Program Output Ratio84%80%70%0%0%0%
Savings Ratio-4%-2%11%0%0%0%
Reserve Accumulation Rate4%-1%6%0%0%0%
General & Admin Ratio13%17%17%0%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.85x.51x.44x0x0x0x
Degree of L-T Investment3.06x1.52x1.58x0x0x0x
Current Asset Turnover5.43x.78x.7x0x0x0x
Age of Assets10.5yr(s)8.4yr(s)7.9yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio3276.63x18.28x24.85x0x0x0x
Current Liabilities Ratio.38x.05x.04x0x0x0x
Liquid Reserve Level4.95x14.5x16.45x0x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.3x.04x.03x0x0x0x
Debt Ratio.07x0x0x0x0x0x
Reserve Coverage Ratio81%188%220%0%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$504,017$487,336$418,166$285,051$366,805
Receivables, Inventories & Prepaids$15,256$21,324$16,663$15,517$12,166
Short-Term Investments$529,863$501,296$454,853$445,169$211,113
Total Current Assets$1,049,136$1,009,956$889,682$745,737$590,084
Long-Term Investments$0$0$0$0$0
Fixed Assets$548,379$584,029$597,242$647,606$548,279
Other Long-Term Assets$0$0$0$0$0
Total Long-Term Assets$548,379$584,029$597,242$647,606$548,279
TOTAL ASSETS$1,597,515$1,593,985$1,486,924$1,393,343$1,138,363
Liabilities20072006200520042003
Payables & Accrued Expenses$55,789$40,643$41,651$28,349$26,923
Other Current Liabilities$1,600$0$0$0$0
Total Current Liabilities$57,389$40,643$41,651$28,349$26,923
Debt$0$0$0$0$0
Other Long-Term Liabilities$0$0$0$0$0
Total Long-Term Liabilities$0$0$0$0$0
TOTAL LIABILITIES$57,389$40,643$41,651$28,349$26,923
Assets20072006200520042003
Unrestricted$1,539,126$1,552,342$1,436,120$1,363,378$1,110,940
Temporarily Restricted$0$0$8,153$616$0
Permanently Restricted$1,000$1,000$1,000$1,000$500
NET ASSETS$1,540,126$1,553,342$1,445,273$1,364,994$1,111,440
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$711,226$708,232$681,073$730,709$643,992
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$50,424$52,121$37,910$17,401($12)
Other Revenue$42,687$37,464$34,507$28,438$34,897
Total Other Revenue$93,111$89,585$72,417$45,839$34,885
TOTAL REVENUE$804,337$797,817$753,490$776,548$678,877
Expenses20072006200520042003
Program Services$646,347$557,322$520,876$432,708$379,989
Management & General$143,179$119,776$122,254$85,726$81,668
Fundraising$31,116$29,786$28,467$25,583$23,272
TOTAL EXPENSES$820,642$706,884$671,597$544,017$484,929
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)($16,305)$90,933$81,893$232,531$193,948
Other Changes in Net Assets$3,089$17,136($1,614)$21,023$50,838
TOTAL CHANGE IN NET ASSETS($13,216)$108,069$80,279$253,554$244,786