Houston Christian Broadcasters / Keeping Him Close By

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/18/2022. To update the information in this column, please email: info@ministrywatch.com

Summary

Houston Christian Broadcasters / KHCB is a non-denominational, independent ministry, guided by a Board of Trustees and supported by the gifts of individual listeners to their radio stations. Their stations include Christian talk and teaching programs.

Contact information

Mailing address:
Keeping Him Close By
2424 South Blvd
Houston, TX 77098

Website: khcb.org

Phone: 713-520-5200

Email: email@khcb.org

Organization details

EIN: 741401846

CEO/President: Bruce Munsterman

Chairman: Daniel Dominguez

Board size: 8

Founder:

Ruling year: 1966

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1994

Purpose

The focus is the Lord Jesus Christ. All programs are Biblically based, with sound doctrine, and a clear message exalting the name, the work, and the person of the Lord Jesus Christ.

The music format is inspirational. All songs are carefully reviewed by the music director and must be Biblically based, true to the Word of God, and appropriate to the format.

Mission statement

The mission is:

To introduce you to the Lord Jesus Christ as your personal Savior. To nurture your spiritual growth and personal involvement in a local church. To encourage and comfort you with beautiful music and Bible teaching.

Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.

Financial efficiency ratings

Sector: Radio/ TV Stations

Category	Rating	Overall rank	Sector rank
Overall efficiency rating		321 of 1022	9 of 32
Fund acquisition rating		66 of 1024	3 of 32
Resource allocation rating		441 of 1024	11 of 32
Asset utilization rating		733 of 1022	23 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%	1%	2%	2%	2%	2%
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue	5%	1%	2%	2%	2%	2%
Contributions reliance Contributions reliance = Total contributions / Total revenue	90%	100%	100%	95%	87%	99%
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	10%	0%	0%	5%	13%	1%

Operating ratios	Sector median	2019	2018	2017	2016	2015
Program expense ratio Program expense ratio = Program services / Total expenses	80%	86%	86%	86%	86%	85%
Spending ratio Spending ratio = Total expenses / Total revenue	92%	33%	104%	85%	84%	92%
Program output ratio Program output ratio = Program services / Total revenue	73%	29%	89%	73%	72%	78%
Savings ratio Savings ratio = Surplus (deficit) / Total revenue	8%	67%	-4%	15%	16%	8%
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets	9%	55%	-3%	10%	12%	6%
General and admin ratio General and admin ratio = Management and general expense / Total expenses	14%	12%	13%	12%	12%	13%

Investing ratios	Sector median	2019	2018	2017	2016	2015
Total asset turnover Total asset turnover = Total expenses / Total assets	0.54	0.27	0.61	0.58	0.63	0.65
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets	1.90	1.48	3.23	2.56	2.23	2.71
Current asset turnover Current asset turnover = Total expenses / Total current assets	1.25	0.40	1.98	1.49	1.41	1.76

Liquidity ratios	Sector median	2019	2018	2017	2016	2015
Current ratio Current ratio = Total current assets / Total current liabilities	13.68	0.00	0.00	108.47	4238.39	101.82
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets	0.06	0.00	0.00	0.01	0.00	0.01
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12)	8.99	29.65	6.06	7.98	8.53	6.74

Solvency ratios	Sector median	2019	2018	2017	2016	2015
Liabilities ratio Liabilities ratio = Total liabilities / Total assets	4%	1%	3%	0%	0%	0%
Debt ratio Debt ratio = Debt / Total assets	0%	1%	3%	0%	0%	0%
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses	158%	361%	158%	171%	159%	153%

Financials

Balance sheet

Assets	2019	2018	2017	2016	2015
Cash	$1,071,699	$1,037,362	$1,236,344	$1,452,130	$983,819
Receivables, inventories, prepaids	$5,218,892	$204,448	$398,223	$268,393	$203,826
Short-term investments	$1,122,852	$301,722	$322,035	$284,236	$265,628
Other current assets	$0	$0	$0	$0	$0
Total current assets	$7,413,443	$1,543,532	$1,956,602	$2,004,759	$1,453,273
Long-term investments	$0	$0	$0	$0	$0
Fixed assets	$1,541,377	$1,628,523	$1,495,010	$1,061,295	$1,112,205
Other long-term assets	$1,990,020	$1,806,810	$1,552,293	$1,404,379	$1,379,379
Total long-term assets	$3,531,397	$3,435,333	$3,047,303	$2,465,674	$2,491,584
Total assets	$10,944,840	$4,978,865	$5,003,905	$4,470,433	$3,944,857

Liabilities	2019	2018	2017	2016	2015
Payables and accrued expenses	$0	$0	$18,039	$473	$14,273
Other current liabilities	$0	$0	$0	$0	$0
Total current liabilities	$0	$0	$18,039	$473	$14,273
Debt	$100,000	$150,000	$0	$0	$0
Due to (from) affiliates	$0	$0	$0	$0	$0
Other long-term liabilities	$0	$0	$0	$0	$0
Total long-term liabilities	$100,000	$150,000	$0	$0	$0
Total liabilities	$100,000	$150,000	$18,039	$473	$14,273

Net assets	2019	2018	2017	2016	2015
Without donor restrictions	$10,753,336	$4,720,709	$4,667,607	$4,204,187	$3,918,077
With donor restrictions	$91,504	$108,156	$318,259	$265,773	$12,507
Net assets	$10,844,840	$4,828,865	$4,985,866	$4,469,960	$3,930,584

Revenues and expenses

Revenue	2019	2018	2017	2016	2015
Total contributions	$8,965,664	$2,940,280	$3,253,903	$2,906,347	$2,757,317
Program service revenue	$0	$0	$0	$0	$0
Membership dues	$0	$0	$0	$0	$0
Investment income	$19,243	$12,899	$190,981	$446,698	$16,672
Other revenue	($22,393)	($19,635)	($10,153)	($7,629)	$11,977
Total other revenue	($3,150)	($6,736)	$180,828	$439,069	$28,649
Total revenue	$8,962,514	$2,933,544	$3,434,731	$3,345,416	$2,785,966

Expenses	2019	2018	2017	2016	2015
Program services	$2,593,678	$2,616,930	$2,508,305	$2,423,354	$2,173,538
Management and general	$353,168	$388,364	$353,886	$336,570	$335,157
Fundraising	$53,130	$50,072	$54,741	$59,224	$52,919
Total expenses	$2,999,976	$3,055,366	$2,916,932	$2,819,148	$2,561,614

Change in net assets	2019	2018	2017	2016	2015
Surplus (deficit)	$5,962,538	($121,822)	$517,799	$526,268	$224,352
Other changes in net assets	$0	$0	$0	$0	$0
Total change in net assets	$5,962,538	($121,822)	$517,799	$526,268	$224,352

Compensation

Name	Title	Compensation
Bruce E Munsterman	President	$120,500
Bonnie B Phillips	Asst. General Mgr.	$84,000

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 2/18/2022. To update the information below, please email: info@ministrywatch.com

History

The history of how KHCB has been chronicled in the book "For It Is God Who Works", which was authored by Dolly Martin Monroe in 1997. The contents of the book are available online for you to see how God has blessed the ministry of KHCB since 1962.

Question	Response	Score
Does the organization have a statement of faith consistent with historic Christian creeds and is that statement of easily found on its website?	No	0/5
Does the board have no more than 2 non-independent members?	Yes	5/5
Does the board have at least four independent board members for every non-independent member?	Yes	5/5
Does the board contain between 5 and 11 members?	Yes	5/5
Does the organization file a Form 990 and make its Form 990 available to the public?	Yes	10/10
Does the organization make its audit or review (if annual revenue is less than $1-m) available on its website?	No	0/5
Is the organization a member of the ECFA?	Yes	10/10
Is the CEO/President's compensation within one standard deviation of the median compensation?	Yes	5/5
Did the organization operate at a net profit (revenue greater than expenses) in the most recent year?	Yes	5/5
Does the organization refrain from owning or leasing a private aircraft, or having fractional interest in one, that is primarily used for travel by the organization's leaders?	Yes	5/5
For the past five years, has the organization been free of any lawsuits or administrative actions filed against it by an employee, client, board member, vendor, donor, or other related party?	Yes	5/5
Are author royalties and speaking engagement fees paid to the organization, and not the individual?	Yes	5/5
Does the organization require its employees to affirm upon hiring the statement of faith of the organization?	Yes	5/5
Is the board chair an independent member of the board, and not the founder and/or CEO/President?	Yes	5/5
Does the board have term limits?	Yes	5/5
Have there been no public accusations of misdeeds against the organization, founder, CEO, senior pastor, or board members in the past five years?	Yes	5/5
Has the organization refrained from the use of non-disclosure agreements?	Yes	5/5
Does the organization have an overall financial efficiency rating of at least 2 stars?	Yes	5/5
Total donor confidence score		90/100