LOUISVILLE HOMESCHOOL ATHLETICS INC (EIN 863294528) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

DAN SHEETS

Phone

5028895141

Tax Period

2023-01-01 to 2023-12-31

LOUISVILLE HOMESCHOOL ATHLETICS INC, founded in 2021, is a small nonprofit in the Religion sector that reported $192K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $185K left a modest 3% surplus.

Mission

LKY EXISTS TO PROVIDE CHRISTIAN, COMPETITIVE ATHELTIC OPPORTUNITIES FOR HOMESCHOOL FAMILIES THAT LIVE IN OR NEAR THE LOUISVILLE AREA.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $33,647

Program Service Revenue $154,284

Investment Income $0

Other Revenue $4,097

TOTAL REVENUE $192,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,000

Fundraising Expenses $0

Program Expenses $177,236

Other Expenses $175,333

TOTAL EXPENSES $185,333

Year-over-Year Comparison

	2023	2022	Change
Revenue	$192,028	$158,543	+0.2%
Expenses	$185,333	$135,081	+0.4%
Net Income	$6,695	$23,462	-0.7%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

500

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

$8,000

Total Directors

$10,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE FENRICK	PRESIDENT	3.00	Officer Director	$0	$0	$0
KRISTI MCCARTNEY	SECRETARY	3.00	Officer Director	$8,000	$0	$8,000
JENNIFER BURTCH	TREASURER (VOTING)	3.00	Officer Director	$0	$0	$0
JENNIFER CLARK	DIRECTOR	2.00	Director	$2,000	$0	$2,000
ERICK CARLSON	DIRECTOR	2.00	Director	$0	$0	$0
DAN SHEET AS OF 112023	TREASURER (NON-VOTING)	3.00	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	$192,028	$185,333	$65,581	$6,695

LOUISVILLE HOMESCHOOL ATHLETICS INC