LATIN EQUIP INC (EIN 752347977) - 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

1989

Legal Domicile

Principal Officer

Steven A Hopkins

Phone

2146971824

Tax Period

2023-01-01 to 2023-12-31

LATIN EQUIP INC, founded in 1989, is a small nonprofit that reported $278K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

Latin Equip's mission is to reach out to Latin America with the Gospel of Jesus Christ. This is accomplished through pastoral and leadership training, establishment and constructions of churches, orphanages and similar outreaches, responding to crises in the region, and networking with similar organizations.

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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 $277,605

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $277,605

Expense Breakdown

Grants Paid $129,142

Salaries & Benefits $100,626

Fundraising Expenses $50,848

Program Expenses $173,622

Other Expenses $54,242

TOTAL EXPENSES $284,010

Year-over-Year Comparison

	2023	2022	Change
Revenue	$277,605	$385,486	-0.3%
Expenses	$284,010	$351,074	-0.2%
Net Income	$-6,405	$34,412	-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

150

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

$93,726

Total Directors

$93,726

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven A Hopkins	President	60	Officer Director Highest	$33,726	$60,000	$93,726
Michael F Moore	Director	1	Director	$0	$0	$0
Shelly S Hopkins	Secretary/Treasurer	30	Officer Director	$0	$0	$0
Joel Maldonado	Director	1	Director	$0	$0	$0
Steven Dixon	Director	1	Director	$0	$0	$0
David Dryden	Director	1	Director	$0	$0	$0
Kevin Pate	Vice-President	1	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	$277,605	$284,010	$40,287	$-6,405
2022	$385,486	$351,074	$46,692	$34,412
2021	$185,335	$183,265	$12,280	$2,070
2020	$184,194	$180,346	$10,210	$3,848

LATIN EQUIP INC