LATTA PLACE INC

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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

1972

Legal Domicile

Principal Officer

Kristin Toler

Phone

7042649346

Tax Period

2020-07-01 to 2021-06-30

LATTA PLACE INC, founded in 1972, is a small nonprofit that reported $221K in total revenue in fiscal year 2020. Revenue decreased 16% compared to the prior year. Expenses of $247K exceeded revenue, resulting in a 11% operating deficit.

Mission

Exhibition and educational tours explaining life and times in early colonial life through Latta Plantation historical site

Program Service Accomplishments

Program 1

Expenses: $209,291 Revenue: $114,235

Exhibition and educational tours to explain life and times of early colonial life at Historic Latta Plantation.

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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 (2020)

Revenue Breakdown

Contributions & Grants $99,188

Program Service Revenue $114,235

Investment Income $7

Other Revenue $7,994

TOTAL REVENUE $221,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,939

Fundraising Expenses $0

Program Expenses $209,291

Other Expenses $124,683

TOTAL EXPENSES $246,622

Year-over-Year Comparison

	2020	2019	Change
Revenue	$221,424	$263,741	-0.2%
Expenses	$246,622	$283,207	-0.1%
Net Income	$-25,198	$-19,466	+0.3%

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

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pearlie Borders	Director	1	Director	$0	$0	$0
Gregory Mixon	Director	1	Director	$0	$0	$0
Sturges Bryan	Director	1	Director	$0	$0	$0
Wayne Thomas	Director	1	Director	$0	$0	$0
Gregory Stahl	Director	1	Director	$0	$0	$0
Theo Schaffer	Director	1	Director	$0	$0	$0
Cliff Grimsley	Director	1	Director	$0	$0	$0
Susan Autry	Director	1	Director	$0	$0	$0
Nellie Mixon	Director	1	Director	$0	$0	$0
Sue Bryan	Director	1	Director	$0	$0	$0
Kristin Toler	Board Chair	3	Officer	$0	$0	$0
Sarah McAulay	Board Vice Chair	3	Officer	$0	$0	$0
Scott Champion	Board Treasurer	3	Officer	$0	$0	$0
Sarah Moore	Board Secretary	3	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
2021	$221,424	$246,622	$158,283	$-25,198
2020	$263,741	$283,207	$175,552	$-19,466
2019	$328,276	$422,928	$192,241	$-94,652
2018	$340,845	$340,512	$288,550	$333