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
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Radio/ TV Stations
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 425 of 1123 | 11 of 32 |
| Fund acquisition rating | | 211 of 1124 | 6 of 32 |
| Resource allocation rating | | 979 of 1124 | 30 of 32 |
| Asset utilization rating | | 269 of 1123 | 7 of 32 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 2% | 3% | 3% | 4% | 3% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 2% | 2% | 2% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 82% | 70% | 63% | 62% | 54% | 66% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 2% | 2% | 2% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 18% | 30% | 37% | 38% | 46% | 34% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 78% | 67% | 73% | 73% | 72% | 71% |
Spending ratio Spending ratio = Total expenses / Total revenue | 100% | 96% | 110% | 94% | 103% | 91% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 64% | 80% | 69% | 74% | 65% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 0% | 4% | -10% | 6% | -3% | 9% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | -1% | 5% | -14% | 5% | -3% | 11% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 15% | 32% | 26% | 25% | 26% | 27% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.46 | 0.93 | 1.09 | 0.72 | 0.85 | 0.94 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.89 | 1.10 | 1.14 | 1.16 | 1.28 | 1.38 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.03 | 1.03 | 1.24 | 0.84 | 1.09 | 1.31 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.03 | 12.61 | 11.91 | 18.33 | 45.77 | 32.64 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.08 | 0.08 | 0.05 | 0.02 | 0.03 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 10.91 | 10.72 | 8.89 | 13.58 | 10.76 | 8.90 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 13% | 20% | 27% | 19% | 20% | 22% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 7% | 12% | 14% | 19% | 20% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 169% | 85% | 68% | 113% | 94% | 83% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $21,120 | $20,359 | $962,273 | $441,762 | $705,311 |
| Receivables, inventories, prepaids | $871,661 | $501,979 | $460,117 | $535,618 | $381,833 |
| Short-term investments | $10,443,210 | $9,067,268 | $10,733,567 | $7,742,650 | $6,607,532 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $11,335,991 | $9,589,606 | $12,155,957 | $8,720,030 | $7,694,676 |
| Long-term investments | $100,006 | $198,212 | $416,876 | $638,218 | $830,570 |
| Fixed assets | $316,901 | $441,227 | $879,633 | $1,037,353 | $1,498,168 |
| Other long-term assets | $772,481 | $696,643 | $687,526 | $781,883 | $624,224 |
| Total long-term assets | $1,189,388 | $1,336,082 | $1,984,035 | $2,457,454 | $2,952,962 |
| Total assets | $12,525,379 | $10,925,688 | $14,139,992 | $11,177,484 | $10,647,638 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $898,822 | $805,359 | $663,151 | $190,509 | $235,730 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $898,822 | $805,359 | $663,151 | $190,509 | $235,730 |
| Debt | $916,433 | $1,345,538 | $1,978,105 | $2,078,221 | $2,077,372 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $750,000 | $750,000 | $0 | $0 | $0 |
| Total long-term liabilities | $1,666,433 | $2,095,538 | $1,978,105 | $2,078,221 | $2,077,372 |
| Total liabilities | $2,565,255 | $2,900,897 | $2,641,256 | $2,268,730 | $2,313,102 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $9,844,004 | $7,894,253 | $11,371,068 | $8,749,731 | $8,334,536 |
| With donor restrictions | $116,120 | $130,538 | $127,668 | $159,023 | $0 |
| Net assets | $9,960,124 | $8,024,791 | $11,498,736 | $8,908,754 | $8,334,536 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $8,598,441 | $6,763,907 | $6,673,039 | $5,012,508 | $7,272,394 |
| Program service revenue | $3,338,076 | $3,702,177 | $3,770,631 | $3,987,037 | $3,506,013 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $288,392 | $280,066 | $308,240 | $206,465 | $222,351 |
| Other revenue | $235 | $0 | $0 | $0 | $0 |
| Total other revenue | $3,626,703 | $3,982,243 | $4,078,871 | $4,193,502 | $3,728,364 |
| Total revenue | $12,225,144 | $10,746,150 | $10,751,910 | $9,206,010 | $11,000,758 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $7,791,252 | $8,601,742 | $7,367,822 | $6,849,911 | $7,144,674 |
| Management and general | $3,687,841 | $3,026,094 | $2,589,179 | $2,482,375 | $2,704,591 |
| Fundraising | $199,937 | $234,625 | $199,638 | $179,620 | $205,568 |
| Total expenses | $11,679,030 | $11,862,461 | $10,156,639 | $9,511,906 | $10,054,833 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $546,114 | ($1,116,311) | $595,271 | ($305,896) | $945,925 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $546,114 | ($1,116,311) | $595,271 | ($305,896) | $945,925 |
Compensation
| Name | Title | Compensation |
| Michael J Daly | Secretary | $195,158 |
| Shane A Chaney | CFO | $181,202 |
| Thomas C Nolan IV | Director | $174,860 |
| Greg Ellsworth | Employee | $140,865 |
| John Dady | Employee | $128,568 |
| Robery Higley | Employee | $118,183 |
| Judy Church | Employee | $109,760 |
| Christina M Coonce | Vice President | $41,097 |
| Julie A Nolan | Assistant Sec | $33,198 |
Compensation data as of: 12/31/2023
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.