LATCOM

EIN: 330072964 501(c)(3)

NEW CASTLE, PA

Total Revenue
$547,260
Total Expenses
$647,450
Total Assets
$375,929
Net Assets
$332,851
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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
PA
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'S GOAL IS THAT LATIN AMERICANS AND THEIR NATIONS BE TRANSFORMED WITH THE GOSPEL AND A BIBLICAL WORLD VIEW, THROUGH TRAINING, EQUIPPING, AND MOTIVATING CURRENT AND FUTURE LEADERS.

Program Service Accomplishments

Program 1
Expenses: $383,007

LATCOM TRAINS, EQUIPS, AND MOTIVATES LATIN AMERICAN CHRISTIANS TO EVANGELIZE THEIR OWN COUNTRIES THROUGH THE USE OF LEADERSHIP TRAINING, CHRISTIAN CAMPING, CHARACTER EDUCATION, CHURCH DEVELOPMENT...

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LATCOM TRAINS, EQUIPS, AND MOTIVATES LATIN AMERICAN CHRISTIANS TO EVANGELIZE THEIR OWN COUNTRIES THROUGH THE USE OF LEADERSHIP TRAINING, CHRISTIAN CAMPING, CHARACTER EDUCATION, CHURCH DEVELOPMENT, ENVIRONMENTAL EDUCATION, AND COMMUNITY DEVELOPMENT.

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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 (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

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Governance

Voting Members
7
Independent Members
6
Employees
5
Volunteers
50

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
4
$79,200
Total Directors
7
$79,200
Key Employees
0
$0
Highest Compensated
0
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
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