KENTUCKY EDUCATION FREEDOM FUND INC

EIN: 932529061

LOUISVILLE, KY

Total Revenue
$1,791,332
Total Expenses
$2,043,184
Total Assets
N/A
Net Assets
N/A
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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
2023
Legal Domicile
KY
Principal Officer
CHARLES H LEIS
Phone
5026490608
Tax Period
2024-01-01 to 2024-12-31

KENTUCKY EDUCATION FREEDOM FUND INC, founded in 2023, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 611% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 14% operating deficit.

Mission

ADMINISTER, SUPPORT AND ASSIST ADVOCACY EFFORTS THAT FAVOR NON-PUBLIC SCHOOL EDUCATION OPPORTUNITIES FOR GRADES K-12 IN KENTUCKY

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,791,332
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,791,332

Expense Breakdown

Grants Paid $1,745,322
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,993,254
Other Expenses $297,862
TOTAL EXPENSES $2,043,184

Year-over-Year Comparison

2024 2023 Change
Revenue $1,791,332 $252,000 +6.1%
Expenses $2,043,184 $148 +13804.3%
Net Income $-251,852 $251,852 -2.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES LEIS PRESIDENT/TREASURER 1.00
Officer
$0 $0 $0
MOE LUNDRIGAN VICE PRESIDENT/SECRETARY 1.00
Officer
$0 $0 $0
JOHN CUNNINGHAM DIRECTOR 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 $1,791,332 $2,043,184 No data $-251,852
2023 $252,000 $148 $251,852 $251,852
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