Koinonia House, Inc.

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/18/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Koinonia is a New Testament word which is most often translated to mean "communication", "fellowship", or "communion". Koinonia House, or K-House as it is affectionately called, is dedicated to the development and distribution of materials for encouraging and facilitating serious study of the Bible as the inerrant Word of God. It is a non-profit, 501(c)3 organization.


Contact information

Mailing address:
P.O. Box D
(4055 E. 3rd Ave. Post Falls ID 83854)
Coeur d' Alene, ID 83816-3816

Website: www.khouse.org

Phone: (800) 546-8731

Email: update@khouse.org


Organization details

EIN: 237292636

CEO/President: Ronald E. Matsen

Chairman:

Board size: 0

Founder: Dr. & Mrs. Chuck Missler

Year founded: 1972

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Koinonia is a New Testament word which is most often translated to mean "communication", "fellowship", or "communion". Koinonia House, or K-House as it is affectionately called, is dedicated to the development and distribution of materials for encouraging and facilitating serious study of the Bible as the inerrant Word of God. It is a non-profit, 501(c)3 organization.


Mission statement

Koinonia House uses the following to express is mission statement:


"To create, develop, and distribute materials to stimulate, encourage and facilitate serious study of the Bible as the inerrant Word of God."


Statement of faith

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating274 of 91318 of 65
Fund acquisition rating91 of 9158 of 65
Resource allocation rating278 of 91525 of 65
Asset utilization rating727 of 91345 of 65

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%0%1%0%0%1%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
86%76%60%83%40%32%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
14%24%40%17%60%68%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%82%86%84%89%97%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%108%88%77%104%82%
Program output ratio Program output ratio =
Program services /
Total revenue
75%88%76%64%92%80%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%-8%12%23%-4%18%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%-4%9%20%-7%51%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%18%13%16%11%2%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.070.580.610.631.832.19
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.291.501.481.441.671.41
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.730.870.910.903.063.08
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
11.0110.2213.7711.8525.989.63
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.100.070.080.040.10
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.7912.4312.2212.153.773.49
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%7%5%6%2%7%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%162%155%150%53%42%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$785,429$749,995$777,966$412,715$431,331
Receivables, inventories, prepaids$94,486$192,339$112,049$129,450$240,812
Short-term investments$165,034$153,409$151,201$146,100$253,637
Other current assets$0$0$0$0$0
Total current assets$1,044,949$1,095,743$1,041,216$688,265$925,780
Long-term investments$0$0$0$0$0
Fixed assets$7,760$9,094$19,060$22,808$27,435
Other long-term assets$519,780$519,780$437,674$438,552$350,000
Total long-term assets$527,540$528,874$456,734$461,360$377,435
Total assets$1,572,489$1,624,617$1,497,950$1,149,625$1,303,215
 
Liabilities20192018201720162015
Payables and accrued expenses$102,271$79,574$87,855$26,496$96,123
Other current liabilities$0$0$0$0$0
Total current liabilities$102,271$79,574$87,855$26,496$96,123
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$102,271$79,574$87,855$26,496$96,123
 
Net assets20192018201720162015
Without donor restrictions$1,470,218$1,545,043$1,410,095$1,123,129$1,207,092
With donor restrictions$0$0$0$0$0
Net assets$1,470,218$1,545,043$1,410,095$1,123,129$1,207,092
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$646,832$684,360$1,022,073$810,743$1,108,423
Program service revenue$254,778$603,692$291,747$366,438$1,294,078
Membership dues$0$0$0$0$0
Investment income$13,102$57,858$5,866$31,349$24,575
Other revenue($68,732)($213,297)($91,367)$813,851$1,039,588
Total other revenue$199,148$448,253$206,246$1,211,638$2,358,241
Total revenue$845,980$1,132,613$1,228,319$2,022,381$3,466,664
 
Expenses20192018201720162015
Program services$745,872$862,668$791,201$1,867,038$2,774,557
Management and general$162,735$131,530$150,152$237,245$66,933
Fundraising$1,303$3,467$0$2,061$7,882
Total expenses$909,910$997,665$941,353$2,106,344$2,849,372
 
Change in net assets20192018201720162015
Surplus (deficit)($63,930)$134,948$286,966($83,963)$617,292
Other changes in net assets$0$0$0$0$0
Total change in net assets($63,930)$134,948$286,966($83,963)$617,292

Compensation

NameTitleCompensation
Dave HansonOperations Mgr$54,867

Compensation data as of: 12/31/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/18/2021. To update the information below, please email: info@ministrywatch.com


History

K-House was founded by Chuck and Nancy Missler. Chuck, a Naval academy graduate and former Branch Chief of the Dept. of Guided Missiles, had a remarkable 30-year executive career. He served on the Board of Directors of 12 public companies and was CEO of 6 of them. For twenty years Chuck balanced his high-profile corporate career with his teaching committment to a weekly Bible study at Calvary Chapel Costa Mesa in Southern California. Nancy, while raising their four children, has touched the lives of thousands through her in-depth teaching of Biblical discoveries in her "Way of Agape" and "Be Ye Transformed" books and tape series.

After a devastating earthquake in 1992 demolished their home in Big Bear, California, Chuck and Nan moved Koinonia House to Coeur d'Alene, Idaho and K-House now reaches tens of thousands through its monthly newsletter, radio shows, cassette tapes, and conferences. More than eight million study tapes have been distributed in the U.S. and in over 35 countries around the world.


Program accomplishments


Needs