Family Radio

Legal name: Loam Media Inc

Nonprofit profile at a glance

EIN
941442453
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Franklin, TN, USA
Phone
8005431495
Rating
77
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Christianity
Affiliation
Christianity

Official website

Reported finances

Revenue
$10,749,093
Expenses
$12,314,454
Assets
$105,640,492
Liabilities
$10,087,025

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • THOMAS R EVANS (PRESIDENT)

Highest reported compensation

  • THOMAS R EVANS (PRESIDENT): $235,026 total reported compensation
  • DAVID BLOMSTERBERG (COO): $179,501 total reported compensation
  • GREGORY MCGINNIS (IT DIRECTOR): $117,377 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

For more than six decades, Family Radio has been dedicated to one purpose: helping people discover, learn, know, and trust the Word of God. Our mission is to enable people to discover, learn, know, and trust the Word of God. We strive to faithfully proclaim the Gospel through every broadcast, podcast, article, stream, and digital resource we create, trusting that God's Word never returns void. As a listener-supported ministry, we are grateful for the faithful partnership of listeners who make this work possible. Together, we are sharing the life-changing hope of Jesus Christ with people across the nation and around the world. A Ministry of Loam Media.

What it reported doing in 2024

Since 1958, family stations, inc.family radiohas remained a non-commercial, nonprofit radio and media ministry funded through the financial gifts of listeners and friends. Our mission is to declare the gospel of the lord jesus christ, the word of god; and to bring comfort and hope through uplifting music, poignant stories that teach biblical principles, and powerful, biblical preaching. We endeavor to be a trusted refuge for the weary, a beacon of hope for the hopeless, and a source of reliable, biblical truth. We accomplish our mission in a variety of ways: by airing nationally known, reformed teachers; by broadcasting classic and modern hymns; by sharing short teaching features; and by telling stories that give our listeners hope.as a federal communications commission broadcast license holder, we recognize our responsibility to inform our listeners, as well as serve the local public interest as a public trustee.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 85
  • Accountability: 86
  • Sustainability: 41
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.9%; rating input score 92
  • Program expense ratio: 70.1%; rating input score 70
  • Fundraising efficiency: $10.82 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -14.6%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 8.58; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 9.4%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: -0.2% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -7.7% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 2.2% per year; rating input score 100; 19th percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 91.9% of revenue deployed · 70.1% of spending went to programs
  • Governance: 4 of 4 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8.6M in reported program spending
  • Leadership: top reported pay $235K · 11 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.9M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.