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
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 235 of 817 | 17 of 60 |
| Fund acquisition rating | | 73 of 817 | 7 of 60 |
| Resource allocation rating | | 220 of 817 | 20 of 60 |
| Asset utilization rating | | 645 of 817 | 42 of 60 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 0% | 1% | 0% | 0% | 1% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 82% | 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 | 18% | 24% | 40% | 17% | 60% | 68% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 82% | 86% | 84% | 89% | 97% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 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 | 4% | -8% | 12% | 23% | -4% | 18% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | -4% | 9% | 20% | -7% | 51% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 18% | 13% | 16% | 11% | 2% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.12 | 0.58 | 0.61 | 0.63 | 1.83 | 2.19 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.39 | 1.50 | 1.48 | 1.44 | 1.67 | 1.41 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.08 | 0.87 | 0.91 | 0.90 | 3.06 | 3.08 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 11.01 | 10.22 | 13.77 | 11.85 | 25.98 | 9.63 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.09 | 0.10 | 0.07 | 0.08 | 0.04 | 0.10 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.24 | 12.43 | 12.22 | 12.15 | 3.77 | 3.49 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 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 | 75% | 162% | 155% | 150% | 53% | 42% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Unrestricted | $0 | $1,545,043 | $1,410,095 | $1,123,129 | $1,207,092 |
| Temporarily restricted | $0 | $0 | $0 | $0 | $0 |
| Permanently restricted | $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 | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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
| Name | Title | Compensation |
| Dave Hanson | Operations 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.