ISSAC STERETT ADVENTURE FOUNDATION

EIN: 851972946 501(c)(3) Human Services

OWENSBORO, KY

Total Revenue
$937,714
Total Expenses
$97,913
Total Assets
$6,888,658
Net Assets
$6,888,658
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
KY
Principal Officer
KATIE STERETT
Phone
2706631334
Tax Period
2023-01-01 to 2023-12-31

ISSAC STERETT ADVENTURE FOUNDATION, founded in 2020, is a small nonprofit in the Human Services sector that reported $938K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $840K, a strong 90% operating margin.

Mission

TO INSPIRE LIFE BALANCE BY OFFERING EXCEPTIONAL PROGRAMMING AND WORLD CLASS RECREATION FACILITIES. ENCOURAGE STRONG FAMILY VALUES, UPLUGGED SOCIAL INTERACTION, AND AN APPRECIATION FOR NATURE. OUR VISION IS TO PROMOTE THE WELL-BEING OF OUR COMMUNITY THROUGH HEALTHY LIFE BALANCE INITIATIVES. OUR MOST SIGNIFICANT ACTIVITIES INCLUDE OUR ACADEMIC AND CAMP SCHOLARSHIP PROGRAMS AND OUR OPERATION COMMUNITY CLEANUP FUNDRAISER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $818,945
Program Service Revenue $0
Investment Income $3,629
Other Revenue $115,140
TOTAL REVENUE $937,714

Expense Breakdown

Grants Paid $82,899
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $97,913
Other Expenses $15,014
TOTAL EXPENSES $97,913

Year-over-Year Comparison

2023 2022 Change
Revenue $937,714 $5,962,253 -0.8%
Expenses $97,913 $161,147 -0.4%
Net Income $839,801 $5,801,106 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
400

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYLE AUD DIRECTOR 1.00
Director
$0 $0 $0
MALCOLM BRYANT DIRECTOR 1.00
Director
$0 $0 $0
DIANE FORD DIRECTOR 1.00
Director
$0 $0 $0
JD MEYER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS SPRINGER DIRECTOR 1.00
Director
$0 $0 $0
WILL STERETT DIRECTOR 1.00
Director
$0 $0 $0
JOHN YAGER DIRECTOR 1.00
Director
$0 $0 $0
MAX STERETT DIRECTOR 1.00
Director
$0 $0 $0
JULIA TIPMORE DIRECTOR 10.00
Director
$0 $0 $0
WILLIAM L STERETT III FOUNDER, PRESIDENT 1.00
Officer
$0 $0 $0
KATIE STERETT FOUNDER, DIRECTOR 1.00
Officer
$0 $0 $0
KRISTI ISENBARGER SECRETARY 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $937,714 $97,913 $6,888,658 $839,801
2022 $5,962,253 $161,147 $5,997,722 $5,801,106
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