Z Ministries Inc 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/28/2022. 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: Jim Hoge
Chairman:
Board size: 0
Founder: Jim Hoge
Ruling year: 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.
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Radio/ TV Stations
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 88 of 1022 | 2 of 32 |
| Fund acquisition rating | | 252 of 1024 | 8 of 32 |
| Resource allocation rating | | 264 of 1024 | 8 of 32 |
| Asset utilization rating | | 125 of 1022 | 6 of 32 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
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 | 90% | 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 | 10% | 18% | 24% | 21% | 22% | 23% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 85% | 86% | 83% | 84% | 84% |
Spending ratio Spending ratio = Total expenses / Total revenue | 92% | 90% | 92% | 85% | 93% | 93% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 76% | 78% | 71% | 78% | 78% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 8% | 10% | 8% | 15% | 7% | 7% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 9% | 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 ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.54 | 1.55 | 1.84 | 1.89 | 1.96 | 2.18 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.90 | 1.41 | 1.55 | 1.14 | 1.02 | 1.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.25 | 2.19 | 2.85 | 2.16 | 1.99 | 2.19 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.68 | 30.68 | 18.22 | 41.80 | 38.46 | 24.02 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.03 | 0.05 | 0.02 | 0.03 | 0.04 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 8.99 | 5.30 | 3.97 | 5.42 | 5.86 | 5.25 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 4% | 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 | 158% | 63% | 52% | 52% | 33% | 27% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Without donor restrictions | $3,459,905 | $2,823,529 | $2,336,520 | $1,554,661 | $1,184,218 |
| With donor restrictions | $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 | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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
| Name | Title | Compensation |
| James S Hoge | President/Director | $224,086 |
| Dean Chapman | VP/General Manager/Director | $193,315 |
| Gaylord Kenyon | Dir. Ministry Advancement | $156,468 |
| Thomas Beaton | Dir. Interactive Technology | $126,894 |
| Ellis B Feaster | Morning Air Staff | $121,481 |
| Cathy Ligato | Secretary | $93,161 |
| Cynthia McInvale | Treasurer (began 03/19) | $83,213 |
| Judy Wise | Treasurer (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 2/28/2022. 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.