TCT Ministries

The information on this page was last updated 11/29/2023. If you see errors or omissions, please email: [email protected]


Summary

TCT offers programming relevant for today's society, addressing topics and issues that affect our everyday lives. Engaging the whole family with an array of fresh and relevant program choices, TCT provides viewers with the very best in faith and family television!


Contact information

Mailing address:
P.O. Box 1010
Marion, IL 62959

Website: tct.tv

Phone: 618-997-4700

Email: [email protected]


Organization details

EIN: 371404354

CEO/President: Garth Coonce

Chairman: Garth Coonce

Board size: 7

Founder: Garth Coonce

Ruling year: 2001

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

TCT's goal is to reach as many as possible with the Gospel message. We know in this 21st century that many viewers have left the traditional TV viewing option for smart phones and other mobile devices. TCT can be live streamed from our web site 24 hours a day. Many of our programs are also available for viewing on demand. Along with the traditional access in many areas through over the air, satellite, and cable companies, TCT is also available on iOS, Android, Roku, Amazon Fire, Apple TV, Android TV, Tizen, and Xbox One. We continue to strive to make our programming accessible anytime and anywhere around the world!


Mission statement

TCT's primary mission from its inception has always been to share the love of Jesus with a lost and dying world.

EVANGELIZE - Proclaim the gospel of Christ to a lost world

EDUCATE - Teach and edify the body of Christ

ENTERTAIN - Provide a Bible-based, wholesome alternative to secular entertainment

EDIFICATION - To build up the Body of Christ and promote unity among churches


Statement of faith

WE BELIEVE THE HOLY BIBLE is the inspired, infallible and authoritative source of Christian doctrine and precept.

WE BELIEVE THAT THERE IS ONE GOD, eternally existent in three persons; Father, Son, and Holy Spirit.

WE BELIEVE THAT THE ONLY HOPE for man is to believe on Jesus Christ, the virgin-born Son of God, who died to take upon Himself the punishment for the sin of mankind and Who rose from the dead so that by receiving Him as Savior and Lord, man is redeemed by His Blood.

WE BELIEVE THAT JESUS CHRIST in person will return to earth in power and glory.

WE BELIEVE THAT THE HOLY SPIRIT dwells in those who have received Christ for the purpose of enabling them to live righteous and godly lives.

WE BELIEVE THAT THE CHURCH is the Body of Christ and is composed of all those who, through belief in Christ, have been spiritually regenerated by the indwelling Holy Spirit. The mission of the Church is worldwide evangelization on the one hand and the nurture and discipline of Christians on the other hand.

Donor confidence score

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Transparency grade

D

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Financial efficiency ratings

Sector: Radio/ TV Stations

CategoryRatingOverall rankSector rank
Overall efficiency rating294 of 11029 of 28
Fund acquisition rating313 of 110310 of 28
Resource allocation rating752 of 110322 of 28
Asset utilization rating159 of 11026 of 28

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%3%3%4%3%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%2%2%2%2%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
86%63%62%54%66%74%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%2%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
14%37%38%46%34%26%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%73%73%72%71%69%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%110%94%103%91%71%
Program output ratio Program output ratio =
Program services /
Total revenue
69%80%69%74%65%49%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%-10%6%-3%9%29%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%-14%5%-3%11%59%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
16%26%25%26%27%28%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.361.090.720.850.940.99
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.931.141.161.281.381.66
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
0.881.240.841.091.311.65
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
17.2411.9118.3345.7732.6416.56
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.080.050.020.030.06
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
13.208.8913.5810.768.906.84
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%27%19%20%22%30%
Debt ratio Debt ratio =
Debt /
Total assets
0%12%14%19%20%26%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
223%68%113%94%83%71%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$20,359$962,273$441,762$705,311$81,263
Receivables, inventories, prepaids$501,979$460,117$535,618$381,833$412,861
Short-term investments$9,067,268$10,733,567$7,742,650$6,607,532$4,635,991
Other current assets$0$0$0$0$0
Total current assets$9,589,606$12,155,957$8,720,030$7,694,676$5,130,115
Long-term investments$198,212$416,876$638,218$830,570$1,000,602
Fixed assets$441,227$879,633$1,037,353$1,498,168$1,902,950
Other long-term assets$696,643$687,526$781,883$624,224$483,986
Total long-term assets$1,336,082$1,984,035$2,457,454$2,952,962$3,387,538
Total assets$10,925,688$14,139,992$11,177,484$10,647,638$8,517,653
 
Liabilities20222021202020192018
Payables and accrued expenses$805,359$663,151$190,509$235,730$309,773
Other current liabilities$0$0$0$0$0
Total current liabilities$805,359$663,151$190,509$235,730$309,773
Debt$1,345,538$1,978,105$2,078,221$2,077,372$2,241,299
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$750,000$0$0$0$0
Total long-term liabilities$2,095,538$1,978,105$2,078,221$2,077,372$2,241,299
Total liabilities$2,900,897$2,641,256$2,268,730$2,313,102$2,551,072
 
Net assets20222021202020192018
Without donor restrictions$7,894,253$11,371,068$8,749,731$8,334,536$5,966,581
With donor restrictions$130,538$127,668$159,023$0$0
Net assets$8,024,791$11,498,736$8,908,754$8,334,536$5,966,581
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$6,763,907$6,673,039$5,012,508$7,272,394$8,910,542
Program service revenue$3,702,177$3,770,631$3,987,037$3,506,013$3,002,182
Membership dues$0$0$0$0$0
Investment income$280,066$308,240$206,465$222,351$66,923
Other revenue$0$0$0$0$0
Total other revenue$3,982,243$4,078,871$4,193,502$3,728,364$3,069,105
Total revenue$10,746,150$10,751,910$9,206,010$11,000,758$11,979,647
 
Expenses20222021202020192018
Program services$8,601,742$7,367,822$6,849,911$7,144,674$5,872,794
Management and general$3,026,094$2,589,179$2,482,375$2,704,591$2,404,357
Fundraising$234,625$199,638$179,620$205,568$174,514
Total expenses$11,862,461$10,156,639$9,511,906$10,054,833$8,451,665
 
Change in net assets20222021202020192018
Surplus (deficit)($1,116,311)$595,271($305,896)$945,925$3,527,982
Other changes in net assets$0$0$0$0$0
Total change in net assets($1,116,311)$595,271($305,896)$945,925$3,527,982

Compensation

NameTitleCompensation
Garth W CooncePresident$314,487
Garth W CooncePresident$314,487
Christina M CoonceVice President$267,415
Christina M CoonceVice President$267,415
Julie A NolanAssistant Sec$191,768
Julie A NolanAssistant Sec$191,768
Michael J DalySecretary$181,895
Michael J DalySecretary$181,895
Shane A ChaneyCFO$175,910
Shane A ChaneyCFO$175,910
Thomas C Nolan IVDirector$172,905
Thomas C Nolan IVDirector$172,905
Greg EllsworthEmployee$138,269
Greg EllsworthEmployee$138,269

Compensation data as of: 12/31/2022


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 11/29/2023. To update the information below, please email: [email protected]


History

1977 - Seeing a need and feeling God's call, founders Garth and Tina Coonce left the security of the corporate business world and stepped out in obedience to the Holy Spirit. Much like patriarch, Abraham many centuries before, they left the comfort of what they knew and entered into what was to them an unfamiliar land - broadcast television.
What began as one Christian station in the Cincinnati area has exploded into a world-wide network of broadcast stations helping to bring the Gospel message to the world twenty-four hours a day - seven days a week - 365 days a year!
Using cutting edge technology to provide the best in faith and family television relevant to today's generation, TCT has become a powerful voice for the Gospel.


Program accomplishments


Needs