KELLEY LATTA MINISTRIES INC (EIN 474905612) - 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

2015

Legal Domicile

Principal Officer

STEVE LATTA

Phone

7176342149

Tax Period

2023-01-01 to 2023-12-31

KELLEY LATTA MINISTRIES INC, founded in 2015, is a small nonprofit in the Religion sector that reported $383K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 16% operating margin.

Mission

KLM EXISTS TO CULTIVATE LOVE AND EMPOWER PURPOSE THROUGH DIVINE CONNECTION

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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 $334,625

Program Service Revenue $39,874

Investment Income $0

Other Revenue $8,421

TOTAL REVENUE $382,920

Expense Breakdown

Grants Paid $103,012

Salaries & Benefits $122,109

Fundraising Expenses $1,178

Program Expenses $271,782

Other Expenses $94,869

TOTAL EXPENSES $319,990

Year-over-Year Comparison

	2023	2022	Change
Revenue	$382,920	$305,959	+0.3%
Expenses	$319,990	$316,522	+0.0%
Net Income	$62,930	$-10,563	-7.0%

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
KELLEY A LATTA	PRESIDENT/SECRETARY	30.00	Officer Director	$0	$0	$0
STEVE LATTA	VP/TREASURER	2.00	Officer Director	$0	$0	$0
KEITH DYKE	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRSTEN SCHAUB	BOARD MEMBER	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	$382,920	$319,990	$258,347	$62,930
2022	$305,959	$316,522	$144,194	$-10,563
2021	$245,617	$223,999	$149,261	$21,618
2020	$257,782	$186,686	$127,427	$71,096

KELLEY LATTA MINISTRIES INC