Latin Impact Ministries Inc (EIN 742687669) - 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

2003

Legal Domicile

Principal Officer

Russell Black

Phone

7865149420

Tax Period

2024-01-01 to 2024-12-31

Latin Impact Ministries Inc, founded in 2003, is a small nonprofit in the Religion sector that reported $338K in total revenue in fiscal year 2024. Expenses of $317K left a modest 6% surplus.

Mission

The mission of the Ministry is to spread the Gospel of Jesus Christ. The primary activity is in Central and South America and the Spanish speaking Caribbean with a continued support to the childrens home in Romania.

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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 (2024)

Revenue Breakdown

Contributions & Grants $331,993

Program Service Revenue $0

Investment Income $6,285

Other Revenue $0

TOTAL REVENUE $338,278

Expense Breakdown

Grants Paid $178,645

Salaries & Benefits $95,726

Fundraising Expenses $0

Program Expenses $292,282

Other Expenses $43,126

TOTAL EXPENSES $317,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$338,278	$324,223	+0.0%
Expenses	$317,497	$409,128	-0.2%
Net Income	$20,781	$-84,905	-1.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Stein	Director	1.00	Director	$0	$0	$0
Johnny Prewitt	Director	1.00	Director	$0	$0	$0
David Daniels	Director	1.00	Director	$0	$0	$0
Richard Randolph	Director	1.00	Director	$0	$0	$0
Mark Edwards	Director	1.00	Director	$0	$0	$0
Robert Cowen	Director	1.00	Director	$0	$0	$0
Russell Black	President	45.00	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
2024	$338,278	$317,497	$220,444	$20,781
2023	$324,223	$409,128	$200,384	$-84,905
2022	$485,813	$430,712	$250,439	$55,101
2021	$301,459	$291,751	$247,691	$9,708
2020	$394,858	$341,996	$186,720	$52,862
2019	$280,633	$266,024	$134,080	$14,609
2018	$262,528	$268,291	$119,531	$-5,763

Latin Impact Ministries Inc