LOCO Ministries Inc

EIN: 274622266 501(c)(3)

Traverse City, MI

Total Revenue
$50,813
Total Expenses
$71,246
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
2011
Legal Domicile
MI
Principal Officer
Micah I Gallegos
Tax Period
2018-01-01 to 2018-12-31

LOCO Ministries Inc, founded in 2011, is a micro nonprofit that reported $51K in total revenue in fiscal year 2018. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $71K exceeded revenue, resulting in a 40% operating deficit.

Mission

Providing aid to orphans and impoverished communities in Mexico.

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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 (2018)

Revenue Breakdown

Contributions & Grants $51,071
Program Service Revenue $0
Investment Income $-258
Other Revenue $0
TOTAL REVENUE $50,813

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $71,246
TOTAL EXPENSES $71,246

Year-over-Year Comparison

2018 2017 Change
Revenue $50,813 $124,035 -0.6%
Expenses $71,246 $115,803 -0.4%
Net Income $-20,433 $8,232 -3.5%
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
5
Independent Members
5
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Micah I Gallegos Chairman of the Board 10.00
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
2018 $50,813 $71,246 No data $-20,433
2017 $124,035 $115,803 $20,433 $8,232
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