Z Ministries Inc

The information on this page was last updated 2/28/2022. If you see errors or omissions, please email: [email protected]


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

Show donor confidence score details

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Radio/ TV Stations

CategoryRatingOverall rankSector rank
Overall efficiency rating24 of 10331 of 32
Fund acquisition rating218 of 10357 of 32
Resource allocation rating31 of 10354 of 32
Asset utilization rating40 of 10332 of 32

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%3%3%3%3%4%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%2%3%3%3%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%87%82%76%79%78%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%3%3%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%13%18%24%21%22%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%92%85%86%83%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%114%90%92%85%93%
Program output ratio Program output ratio =
Program services /
Total revenue
73%104%76%78%71%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%-14%10%8%15%7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%-33%18%17%33%24%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%6%12%12%14%13%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.542.591.551.841.891.96
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.911.901.411.551.141.02
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.254.932.192.852.161.99
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.999.2830.6818.2241.8038.46
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.110.030.050.020.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
8.992.175.303.975.425.86
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
5%6%2%4%2%34%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
158%36%63%52%52%33%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$1,321,656$2,303,961$1,729,108$1,920,266$2,214,979
Receivables, inventories, prepaids$124,871$204,813$156,841$169,875$118,990
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,446,527$2,508,774$1,885,949$2,090,141$2,333,969
Long-term investments$0$0$0$0$0
Fixed assets$3,132$10,653$18,860$28,442$38,024
Other long-term assets$1,301,348$1,022,253$1,022,253$267,937$0
Total long-term assets$1,304,480$1,032,906$1,041,113$296,379$38,024
Total assets$2,751,007$3,541,680$2,927,062$2,386,520$2,371,993
 
Liabilities20202019201820172016
Payables and accrued expenses$85,388$72,255$66,753$22,640$59,822
Other current liabilities$70,560$9,520$36,780$27,360$864
Total current liabilities$155,948$81,775$103,533$50,000$60,686
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$756,646
Total long-term liabilities$0$0$0$0$756,646
Total liabilities$155,948$81,775$103,533$50,000$817,332
 
Net assets20202019201820172016
Without donor restrictions$2,595,059$3,459,905$2,823,529$2,336,520$1,554,661
With donor restrictions$0$0$0$0$0
Net assets$2,595,059$3,459,905$2,823,529$2,336,520$1,554,661
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$5,425,544$5,030,924$4,476,546$4,189,563$3,914,997
Program service revenue$621,051$908,839$1,085,337$744,380$752,404
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$218,746$187,311$306,936$366,287$355,646
Total other revenue$839,797$1,096,150$1,392,273$1,110,667$1,108,050
Total revenue$6,265,341$6,127,074$5,868,819$5,300,230$5,023,047
 
Expenses20202019201820172016
Program services$6,525,482$4,665,433$4,603,948$3,763,326$3,914,101
Management and general$460,395$670,274$625,028$611,027$597,057
Fundraising$144,310$154,991$152,834$144,018$141,446
Total expenses$7,130,187$5,490,698$5,381,810$4,518,371$4,652,604
 
Change in net assets20202019201820172016
Surplus (deficit)($864,846)$636,376$487,009$781,859$370,443
Other changes in net assets$0$0$0$0$0
Total change in net assets($864,846)$636,376$487,009$781,859$370,443

Compensation

NameTitleCompensation
James S HogePresident/Director$220,666
Dean ChapmanVP/General Manager/Director$190,635
Gaylord KenyonDir. Ministry Advancement$162,505
Thomas BeatonDir. Interactive Technology$130,374
Mark ChambersChief Engineer$123,180
Ellis B FeasterAir Staff$120,336
Stacy Pevehouse-BlevinsAir Staff$117,858
Judy StephanSecretary/Director (began 04/20)$59,472
Judy WiseDir./Sec./Treas. (ended 04/20)$31,281
Cathy LigatoSecretary (ended 01/20)$5,246

Compensation data as of: 12/31/2020


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: [email protected]


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