PROJECT LATTER RAIN MINISTRIES CORP

EIN: 843579144 501(c)(3) Religion

Taft, TN

Total Revenue
$407,548
Total Expenses
$289,008
Total Assets
$456,192
Net Assets
$456,192
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TN
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 Corporation 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

Program Service Accomplishments

Program 1
Expenses: $142,138 Revenue: $142,138

As a result of our ministry we have witnessed the following outcomes. Baptisms into the Christian faith Television ministry on the NOW network that aired in many countries worldwide International...

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As a result of our ministry we have witnessed the following outcomes. Baptisms into the Christian faith Television ministry on the NOW network that aired in many countries worldwide International social media ministry teaching and reaching hundreds of thousands through weekly social media broadcasting. Conducted 2 online educational training schools or Christian missionaries for health and evangelism. Traveled to various places in the United States and Africa holding revivals and speaking engagements. Life Coaching for spiritual development and pre-marital counseling. Growth of the church that I pastor as a result of social media ministry. Project Latter Rain plans to expand upon the outcomes through world mission. Already our followership on social media is growing whereby more can be reached with the gospel of Jesus Christ.

Program 2
Expenses: $46,870 Revenue: $46,870

Health Seminars

Program 3
Expenses: $100,000 Revenue: $100,000

Book Disturbtion

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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 $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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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
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