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

Website:

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

CategoryRatingOverall rankSector rank
Overall efficiency rating214 of 7176 of 22
Fund acquisition rating302 of 71810 of 22
Resource allocation rating154 of 7184 of 22
Asset utilization rating387 of 71712 of 22

Financial ratios

Funding ratiosSector median20192018201720162015
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 ratiosSector median20192018201720162015
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 ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.470.460.490.530.530.58
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.072.082.552.372.702.62
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.150.951.251.251.431.53
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
21.4522.4322.6417.9417.9817.21
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.040.040.060.060.06
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
9.3512.099.159.077.947.37
 
Solvency ratiosSector median20192018201720162015
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
 
Assets20192018201720162015
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
 
Liabilities20192018201720162015
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 assets20192018201720162015
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
 
Revenue20192018201720162015
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
 
Expenses20192018201720162015
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 assets20192018201720162015
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.


Needs