Solid Foundation Broadcasting Corporation

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Solid Foundation Broadcasting Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Solid Foundation Broadcasting Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Solid Foundation Broadcasting Corporation in one place.

Is Solid Foundation Broadcasting Corporation Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Solid Foundation Broadcasting Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Solid Foundation Broadcasting Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Solid Foundation Broadcasting Corporation

Solid Foundation Broadcasting Corporation (EIN: 113816920) is a nonprofit organization based in Greeneville, TN, classified under NTEE code X80. The organization reported total revenue of $96K and total assets of $110K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Solid Foundation Broadcasting Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Solid Foundation Broadcasting Corporation is a micro nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Solid Foundation Broadcasting Corporation reported a surplus of $42K with revenue exceeding expenses, holds 17.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Solid Foundation Broadcasting Corporation's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Solid Foundation Broadcasting Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Solid Foundation Broadcasting Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $42K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.1%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of this size and demonstrates a strong commitment to mission-focused spending.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Solid Foundation Broadcasting Corporation:

• Consistent revenue growth, especially in recent years (e.g., $46,017 in 202112 to $131,207 in 202312).
• Strong asset accumulation, increasing from $51,973 in 201412 to $128,121 in 202312.
• Zero reported officer compensation across all filings, indicating high efficiency and dedication to mission.
• Low liabilities, demonstrating strong financial stability (e.g., $97 in 202312).
• Consistent operational surpluses in most recent years (e.g., $131,207 revenue vs. $89,084 expenses in 202312).

Frequently Asked Questions about Solid Foundation Broadcasting Corporation

Filing History

IRS 990 filing history for Solid Foundation Broadcasting Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Solid Foundation Broadcasting Corporation's revenue has grown by 190.8%, moving from $45K to $131K. Total assets increased by 126.7% over the same period, from $57K to $128K. Total functional expenses rose by 134.2%, from $38K to $89K. In its most recent filing year (2023), Solid Foundation Broadcasting Corporation reported a surplus of $42K, with revenue exceeding expenses. The organization holds $97 in liabilities against $128K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $128K.

Year-by-Year Financial Summary

• 2023: Revenue of $131K, expenses of $89K, and assets of $128K (revenue +36.0% year-over-year).
• 2022: Revenue of $96K, expenses of $66K, and assets of $88K (revenue +109.6% year-over-year).
• 2021: Revenue of $46K, expenses of $50K, and assets of $55K (revenue -15.1% year-over-year).
• 2020: Revenue of $54K, expenses of $49K, and assets of $59K (revenue -2.6% year-over-year).
• 2019: Revenue of $56K, expenses of $50K, and assets of $54K (revenue +10.9% year-over-year).
• 2018: Revenue of $50K, expenses of $50K, and assets of $47K (revenue -12.0% year-over-year).
• 2017: Revenue of $57K, expenses of $48K, and assets of $48K (revenue +30.8% year-over-year).
• 2016: Revenue of $44K, expenses of $48K, and assets of $39K (revenue -1.4% year-over-year).
• 2015: Revenue of $44K, expenses of $47K, and assets of $44K (revenue +2.8% year-over-year).
• 2014: Revenue of $43K, expenses of $41K, and assets of $52K (revenue -1.5% year-over-year).
• 2013: Revenue of $44K, expenses of $36K, and assets of $58K (revenue +9.5% year-over-year).
• 2012: Revenue of $40K, expenses of $36K, and assets of $68K (revenue -11.7% year-over-year).
• 2011: Revenue of $45K, expenses of $38K, and assets of $57K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Solid Foundation Broadcasting Corporation:

Data Sources and Methodology

This transparency report for Solid Foundation Broadcasting Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.