Radio Training Network, Inc. 
Summary
Radio Training Network, Inc. ("RTN") strives to promote and foster formal educational and Christian broadcast education and training to accredited institutions and others through the acquisition, establishment, operation, and management of radio stations.
This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).
Contact information
Mailing address:
2420 Wade Hampton Blvd.
Greenville, SC 29615-9615
Phone: (864) 292-6040
Email: karyn@rtn.cc
Organization details
EIN: 581585542
CEO/President: Mr. James Campbell
Chairman: Mr. Michael Watkins
Board size: 5
Founder:
Year founded: 1984
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 1994
Purpose
Radio Training Network, Inc. ("RTN") strives to promote and foster formal educational and Christian broadcast education and training to accredited institutions and others through the acquisition, establishment, operation, and management of radio stations.
This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).
Mission statement
Statement of faith
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Radio/ TV Stations
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 214 of 717 | 6 of 22 |
| Fund acquisition rating | | 302 of 718 | 10 of 22 |
| Resource allocation rating | | 154 of 718 | 4 of 22 |
| Asset utilization rating | | 387 of 717 | 12 of 22 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 6% | 6% | 6% | 4% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 5% | 5% | 5% | 3% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 90% | 78% | 78% | 79% | 76% | 77% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 6% | 6% | 6% | 4% | 4% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 10% | 22% | 22% | 21% | 24% | 23% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 87% | 88% | 88% | 92% | 91% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 80% | 80% | 83% | 79% | 83% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 70% | 70% | 73% | 73% | 76% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | 20% | 20% | 17% | 21% | 17% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 12% | 12% | 11% | 14% | 12% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 15% | 7% | 7% | 6% | 4% | 5% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.47 | 0.46 | 0.49 | 0.53 | 0.53 | 0.58 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.07 | 2.08 | 2.55 | 2.37 | 2.70 | 2.62 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.15 | 0.95 | 1.25 | 1.25 | 1.43 | 1.53 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 21.45 | 22.43 | 22.64 | 17.94 | 17.98 | 17.21 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.05 | 0.04 | 0.04 | 0.06 | 0.06 | 0.06 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 9.35 | 12.09 | 9.15 | 9.07 | 7.94 | 7.37 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 3% | 3% | 3% | 3% | 4% | 5% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 1% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 209% | 213% | 199% | 184% | 182% | 163% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $21,059,083 | $15,008,181 | $14,641,062 | $11,352,272 | $10,026,130 |
| Receivables, inventories, prepaids | $1,462,538 | $936,979 | $530,624 | $515,961 | $545,571 |
| Short-term investments | $1,012 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $22,522,633 | $15,945,160 | $15,171,686 | $11,868,233 | $10,571,701 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $6,550,273 | $7,138,216 | $6,512,342 | $6,419,934 | $5,795,668 |
| Other long-term assets | $17,695,714 | $17,644,382 | $14,205,425 | $13,717,694 | $11,378,247 |
| Total long-term assets | $24,245,987 | $24,782,598 | $20,717,767 | $20,137,628 | $17,173,915 |
| Total assets | $46,768,620 | $40,727,758 | $35,889,453 | $32,005,861 | $27,745,616 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $711,861 | $550,657 | $583,544 | $477,587 | $419,542 |
| Other current liabilities | $292,151 | $153,647 | $262,333 | $182,480 | $194,703 |
| Total current liabilities | $1,004,012 | $704,304 | $845,877 | $660,067 | $614,245 |
| Debt | $0 | $0 | $32,401 | $157,886 | $277,223 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $286,593 | $355,273 | $165,303 | $304,103 | $381,633 |
| Total long-term liabilities | $286,593 | $355,273 | $197,704 | $461,989 | $658,856 |
| Total liabilities | $1,290,605 | $1,059,577 | $1,043,581 | $1,122,056 | $1,273,101 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Unrestricted | $45,244,890 | $39,668,181 | $34,845,872 | $30,883,805 | $26,472,515 |
| Temporarily restricted | $233,125 | $0 | $0 | $0 | $0 |
| Permanently restricted | $0 | $0 | $0 | $0 | $0 |
| Net assets | $45,478,015 | $39,668,181 | $34,845,872 | $30,883,805 | $26,472,515 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $20,733,603 | $19,478,371 | $17,996,218 | $16,201,338 | $14,914,874 |
| Program service revenue | $5,506,114 | $5,141,118 | $4,434,557 | $4,284,859 | $4,336,746 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $194,969 | $3,124 | $1,266 | $1,938 | $3,065 |
| Other revenue | $254,945 | $243,416 | $490,733 | $861,377 | $209,646 |
| Total other revenue | $5,956,028 | $5,387,658 | $4,926,556 | $5,148,174 | $4,549,457 |
| Total revenue | $26,689,631 | $24,866,029 | $22,922,774 | $21,349,512 | $19,464,331 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $18,656,917 | $17,502,701 | $16,716,818 | $15,579,929 | $14,781,918 |
| Management and general | $1,440,997 | $1,314,217 | $1,165,560 | $633,897 | $754,729 |
| Fundraising | $1,267,599 | $1,166,970 | $1,075,882 | $724,396 | $681,242 |
| Total expenses | $21,365,513 | $19,983,888 | $18,958,260 | $16,938,222 | $16,217,889 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | $5,324,118 | $4,882,141 | $3,964,514 | $4,411,290 | $3,246,442 |
| Other changes in net assets | ($56,383) | ($59,832) | ($2,447) | $0 | $0 |
| Total change in net assets | $5,267,735 | $4,822,309 | $3,962,067 | $4,411,290 | $3,246,442 |
Response from ministry
No response has been provided by this ministry.
History
Program accomplishments
Radio Training Network's accomplishments and programs primarily consist of operating five radio stations. The five radio stations are WLFJ - South Carolina, WJIS - Florida, WLPJ - Florida, WAFJ - Georgia, and KWND - Missouri.