PROJECT LATTER RAIN MINISTRIES CORP (EIN 843579144) - 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

2019

Legal Domicile

Principal Officer

Isaac Olatunji

Phone

2564579741

Tax Period

2024-01-01 to 2024-12-31

PROJECT LATTER RAIN MINISTRIES CORP, founded in 2019, is a small nonprofit in the Religion sector that reported $408K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $119K, a strong 29% operating margin.

Mission

Project Latter Rain Ministries Corp serves the world community through gospel ministry via social media/television ministry Christian education pastoral ministry health ministry personal development leadership development and life coaching

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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 $407,548

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $407,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $289,008

Other Expenses $289,008

TOTAL EXPENSES $289,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$407,548	$597,146	-0.3%
Expenses	$289,008	$597,146	-0.5%
Net Income	$118,540	$0	N/A

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

N/A

Employees

N/A

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
Desiree Olatunji	Treasurer	25	Officer	$0	$0	$0
Isaac Olatunji	President	35.00	Officer	$0	$0	$0
Michael Johnson	Board Member	15	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	$407,548	$289,008	$456,192	$118,540
2023	$597,146	$597,146	$337,652	No data
2022	$374,996	$105,425	$337,652	$269,571
2021	$204,882	$187,269	$68,081	$17,613

PROJECT LATTER RAIN MINISTRIES CORP