Z Ministries Inc

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 4/15/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Z88.3 is a non-commercial Christian broadcaster serving Orlando and all of Central Florida.

Z88.3 is owned by Central Florida Educational Foundation, Inc., and operated by Z Ministries, Inc., both local not-for-profit corporations. Our mission is to live with holiness in order to adequately present Christ so He can transform lives. We endeavor to make the Central Florida communities we serve a better place to live by providing families with a spiritual anchor and news, weather and emergency information needed to keep the family informed, safe and encouraged.

We fund ourselves by our listeners generous donations. If you wish to make a donation, that would be greatly appreciated! You could drop a check in the mail, or, you may use a credit card with our secure server. (Checks should be made out to Z88.3). Z Ministries, Inc. and Central Florida Educational Foundation, Inc. are recognized by the IRS as charitable under 501(c)(3) of the tax code. Therefore all donations to the organizations are tax-deductible to the fullest extent allowed under law.


Contact information

Mailing address:
Z Ministries, Inc.
1065 Rainer Drive
Altamonte Springs, FL 32714

Website: zradio.org/

Phone: 407-869-8000

Email: https://zradio.org/about/contact/email/


Organization details

EIN: 263532803

CEO/President: James Hoge

Chairman:

Board size: 0

Founder: James Hoge

Year founded: 2009

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose


Mission statement

Operation of listener-supported, non-commercial Christian radio stations that make Central Florida a better place to live by providing a spiritual anchor, news, weather, and emergency information to keep families informed, safe, and encouraged.


Statement of faith

Z88.3 holds to the essential orthodox Christian beliefs as best expressed in the Apostles' Creed and the Nicene Creed, as well as the Evangelical Statement of Faith.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Radio/ TV Stations

CategoryRatingOverall rankSector rank
Overall efficiency rating94 of 8443 of 27
Fund acquisition rating216 of 8447 of 27
Resource allocation rating243 of 8447 of 27
Asset utilization rating138 of 8445 of 27

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%3%3%3%4%3%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%3%3%3%3%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%82%76%79%78%77%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%3%3%3%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%18%24%21%22%23%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%85%86%83%84%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%90%92%85%93%93%
Program output ratio Program output ratio =
Program services /
Total revenue
76%76%78%71%78%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%10%8%15%7%7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%18%17%33%24%29%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%12%12%14%13%13%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.491.551.841.891.962.18
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.081.411.551.141.021.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.472.192.852.161.992.19
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
21.6430.6818.2241.8038.4624.02
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.030.050.020.030.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.935.303.975.425.865.25
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
3%2%4%2%34%42%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
166%63%52%52%33%27%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$2,303,961$1,729,108$1,920,266$2,214,979$1,878,198
Receivables, inventories, prepaids$204,813$156,841$169,875$118,990$140,738
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,508,774$1,885,949$2,090,141$2,333,969$2,018,936
Long-term investments$0$0$0$0$0
Fixed assets$10,653$18,860$28,442$38,024$9,416
Other long-term assets$1,022,253$1,022,253$267,937$0$0
Total long-term assets$1,032,906$1,041,113$296,379$38,024$9,416
Total assets$3,541,680$2,927,062$2,386,520$2,371,993$2,028,352
 
Liabilities20192018201720162015
Payables and accrued expenses$72,255$66,753$22,640$59,822$44,008
Other current liabilities$9,520$36,780$27,360$864$40,055
Total current liabilities$81,775$103,533$50,000$60,686$84,063
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$756,646$760,071
Total long-term liabilities$0$0$0$756,646$760,071
Total liabilities$81,775$103,533$50,000$817,332$844,134
 
Net assets20192018201720162015
Unrestricted$0$2,823,529$2,336,520$1,554,661$1,184,218
Temporarily restricted$0$0$0$0$0
Permanently restricted$0$0$0$0$0
Net assets$3,459,905$2,823,529$2,336,520$1,554,661$1,184,218
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$5,030,924$4,476,546$4,189,563$3,914,997$3,665,026
Program service revenue$908,839$1,085,337$744,380$752,404$817,175
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$187,311$306,936$366,287$355,646$289,315
Total other revenue$1,096,150$1,392,273$1,110,667$1,108,050$1,106,490
Total revenue$6,127,074$5,868,819$5,300,230$5,023,047$4,771,516
 
Expenses20192018201720162015
Program services$4,665,433$4,603,948$3,763,326$3,914,101$3,718,990
Management and general$670,274$625,028$611,027$597,057$576,806
Fundraising$154,991$152,834$144,018$141,446$127,897
Total expenses$5,490,698$5,381,810$4,518,371$4,652,604$4,423,693
 
Change in net assets20192018201720162015
Surplus (deficit)$636,376$487,009$781,859$370,443$347,823
Other changes in net assets$0$0$0$0$0
Total change in net assets$636,376$487,009$781,859$370,443$347,823

Compensation

NameTitleCompensation
James S HogePresident/Director$224,086
Dean ChapmanVP/General Manager/Director$193,315
Gaylord KenyonDir. Ministry Advancement$156,468
Thomas BeatonDir. Interactive Technology$126,894
Ellis B FeasterMorning Air Staff$121,481
Cathy LigatoSecretary$93,161
Cynthia McInvaleTreasurer (began 03/19)$83,213
Judy WiseTreasurer (ended 03/19)/Director$30,546

Compensation data as of: 12/31/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 4/15/2021. To update the information below, please email: info@ministrywatch.com


History

Jim [Hoge] took an early interest in electricity and electronics, building a complete radio station, including a 50-watt transmitter, for a ninth-grade science fair and winning first place in the school.

Jim started working part-time beginning at WHIS/WHAJ radio while in high school. Within a year, Jim was a popular on-air announcer for the station.

Jim earned degrees in electrical engineering technology from Bluefield State College and business administration (Management/Finance) from Marshall University in Huntington, WV. At Marshall, he was named the student manager of WMUL-FM, the radio station on campus. One thing he did was institute 11 hours of Christian music on the weekends.

After graduation, Jim worked primarily in secular radio. In 1981, he and two associates formed a company called Texar, Inc., based in Pittsburgh, PA that manufactured cutting-edge audio processors for major market broadcasting.

In 1986, Jim sold his interest in Texar and moved to Florida. While working for a radio station near Orlando, he got inspired to bring contemporary Christian music to the region and was able to find a non-commercial allocation for that purpose.

After 7 long years of litigation with 6 other competing applicants, Z88.3 was born on August 14, 1995.


Program accomplishments


Needs