LATCOM (EIN 330072964) - 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

1990

Legal Domicile

Principal Officer

TIMOTHY RAMSEY

Phone

7249249070

Tax Period

2023-01-01 to 2023-12-31

LATCOM, founded in 1990, is a small nonprofit that reported $547K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $647K exceeded revenue, resulting in a 18% operating deficit.

Mission

LATCOM IS A NON-PROFIT ORGANIZATION WHOSE PURPOSE IS TO SPREAD THE GOSPEL OF JESUS CHRIST

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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 (2023)

Revenue Breakdown

Contributions & Grants $546,746

Program Service Revenue $0

Investment Income $514

Other Revenue $0

TOTAL REVENUE $547,260

Expense Breakdown

Grants Paid $134,000

Salaries & Benefits $232,555

Fundraising Expenses $136,477

Program Expenses $383,007

Other Expenses $280,895

TOTAL EXPENSES $647,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$547,260	$647,418	-0.2%
Expenses	$647,450	$715,382	-0.1%
Net Income	$-100,190	$-67,964	+0.5%

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

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

$79,200

Total Directors

$79,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DRAKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIMOTHY RAMSEY	EXECUTIVE DIRECTOR	40.00	Officer Director	$79,200	$0	$79,200
ROB LYONS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WIEST	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID ANTHOLD	TREASURER	1.00	Officer Director	$0	$0	$0
ROQUE JAIME CORTEZ	DIRECTOR	1.00	Director	$0	$0	$0
DR STEPHEN MORSE OD	DIRECTOR	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$547,260	$647,450	$375,929	$-100,190
2022	$647,418	$715,382	$436,349	$-67,964
2021	$698,740	$653,861	$501,754	$44,879
2020	$670,777	$681,708	$461,352	$-10,931
2019	$841,518	$689,225	$513,379	$152,293
2018	$610,719	$560,995	$371,749	$49,724

LATCOM