Latched Support Inc

EIN: 822701432 501(c)(3) Human Services

San Antonio, TX

Total Revenue
$1,410,770
Total Expenses
$1,379,561
Total Assets
$733,291
Net Assets
$656,794
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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
2017
Legal Domicile
TX
Principal Officer
Ashley Green
Phone
2103837759
Tax Period
2024-01-01 to 2024-12-31

Latched Support Inc, founded in 2017, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

Latched Support empowers growing families with life-saving pregnancy and parenting education through resources and advocacy so that children may receive a healthy start in life.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,354,662
Program Service Revenue $56,000
Investment Income $108
Other Revenue $0
TOTAL REVENUE $1,410,770

Expense Breakdown

Grants Paid $0
Salaries & Benefits $938,565
Fundraising Expenses $18,794
Program Expenses $1,220,333
Other Expenses $440,996
TOTAL EXPENSES $1,379,561

Year-over-Year Comparison

2024 2023 Change
Revenue $1,410,770 $1,067,337 +0.3%
Expenses $1,379,561 $1,140,425 +0.2%
Net Income $31,209 $-73,088 -1.4%
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
4
Employees
18
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
4
$130,000
Total Directors
7
$130,000
Key Employees
1
$130,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Asley Green President 40.00
Officer Director
$130,000 $0 $130,000
D'Juan Green Treasurer 5.00
Officer Director
$0 $0 $0
Beverly Spitznagel Secretary 5.00
Officer Director
$0 $0 $0
Shawnyel Nelson Board Chair 5.00
Officer Director
$0 $0 $0
Nedra Gates Board member 5.00
Director
$0 $0 $0
Dr Shawn Jones Board member 5.00
Director
$0 $0 $0
Dr Ada Dieke Board member 5.00
Director
$0 $0 $0
Veronica Simpkins Exec Director 40.00
Key Emp
$130,000 $0 $130,000
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 $1,410,770 $1,379,561 $733,291 $31,209
2023 $1,067,337 $1,140,425 $651,648 $-73,088
2022 $685,310 $1,244,380 $449,697 $-559,070
2021 $1,500,780 $1,109,795 $1,004,088 $390,985
2020 $1,076,376 $475,561 $618,900 $600,815
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