LATTER GLORY MINISTRIES (EIN 043632700) - 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

2002

Legal Domicile

Principal Officer

SOLOMON S DEVARAJ

Phone

4125809216

Tax Period

2024-01-01 to 2024-12-31

LATTER GLORY MINISTRIES, founded in 2002, is a small nonprofit in the Religion sector that reported $142K in total revenue in fiscal year 2024. Expenses of $135K left a modest 5% surplus.

Mission

TO PROVIDE AN ORPHANAGE, A BIBLE SCHOOL AND A CHILDRENS' CAMP ON LAND TO BE DEVELOPED NEAR HUBLI, SOUTH INDIA. FUNDS ARE ALSO USED TO PROVIDE SEMINARS FOR HEALING AND FORGIVENESS, WHILE PROMOTING THE NEEDS OF THE ORPHANAGE. WE WILL BE LEADING ANNUAL MISSION TRIPS TO SPREAD THE GOOD NEWS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $125,985

Program Service Revenue $17,346

Investment Income $-939

Other Revenue $0

TOTAL REVENUE $142,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,200

Fundraising Expenses $5,878

Program Expenses $113,753

Other Expenses $109,626

TOTAL EXPENSES $134,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,392	$139,925	+0.0%
Expenses	$134,826	$158,284	-0.1%
Net Income	$7,566	$-18,359	-1.4%

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

N/A

Employees

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

$25,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SOLOMON S DEVARAJ	PRESIDENT	40.00	Officer	$12,600	$0	$12,600
TAMMY J DEVARAJ	SECRETARY/TR	40.00	Officer	$12,600	$0	$12,600

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	$142,392	$134,826	$47,703	$7,566
2023	$139,925	$158,284	$37,589	$-18,359
2022	$255,180	$245,030	$54,637	$10,150
2021	$145,197	$136,827	$44,919	$8,370
2021	$145,197	$136,827	$44,919	$8,370
2020	$121,977	$126,953	$37,337	$-4,976
2019	$186,385	$181,259	$39,993	$5,126
2018	$98,590	$95,270	$35,567	$3,320

LATTER GLORY MINISTRIES