Kentuckiana Homeschool Inc
Nonprofit profile at a glance
- EIN
- 922394171
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Louisville, KY, USA
- Phone
- 8654064089
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $176,028
- Expenses
- $167,098
- Assets
- $58,208
- Liabilities
- $28,261
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Carrie Torres (President)
People named in this filing
- Carrie Torres (President)
- Shannon Voyles (Secretary)
- Stacy Spencer (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Kentuckiana Homeschool, Inc (KHS) is an inclusive, secular support system for homeschooling families across Kentuckiana. Through academic enrichment options, group field trips, and a welcoming community, KHS creates the foundation families need to build a strong path towards their children's academic futures. KHS pursues this exempt purpose via five areas of focus. 1. Membership Support: Services such as weekly meetups, a robust online forum, and members' only activities. 2. Wildflowers Academy: A once weekly drop-off program where students spend a full day in a classroom of their peers. 3. Explorations Academy: A once weekly drop-off program offering elective academic sessions in areas such as geography, US history, musical theater, and band. 4. KHS High School Foundations: Academic enrichment and community service options for high school aged students. 5. River City Field Trips: Organizes and facilitates educational field trips at low-cost group rates.
What it reported doing in 2024
Between July 1, 2024, and May 31, 2025 (FY2024-2025), Kentuckiana Homeschool (KHS) carried out its exempt purposes through extensive membership support and services. KHS served over 100 member families during FY2024-2025. With an average of four family members per member family, that equals at least 400 individuals served. During FY2024-2025 KHS was able to upgrade the classrooms rented for academic programming and purchase quality science supplies for student use. KHS also implemented enhanced record-keeping and organizational systems. At least 20 new families registered for KHS academic programs, in addition to the 65+ families returning from previous years. This provided financial stability so that KHS was able to plan for an expansion of services. KHS supplied printed membership cards to each family, organized members' only events, and negotiated low-cost opportunities for members to attend local Broadway events. KHS also maintained an active social media group where members could ask and receive guidance on various homeschooling issues. In this social media group, administrators shared timely reminders and annual guidelines to help member families legally register their children as homeschooled students in their respective states, shared any breaking news that affected homeschooling families at the local and national level, and posted useful curriculum sources and event listings. Through a bi-monthly newsletter, KHS kept member families updated on services and benefits available to them as members. KHS organized a weekly in-person social gathering at a local park and offered several low-cost field trip options specifically for its membership. A Not-Back-To-School Party and Spring Field Day were both offered to member families.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 82
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.9%; rating input score 95
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 5.1%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 61.3% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 49.9% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 22.9% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 94.9% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $167K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- 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.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.