Latishas House Foundation (EIN 900949431) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

Jeff Ameling

Phone

7576032255

Tax Period

2024-01-01 to 2024-12-31

LATISHAS HOUSE FOUNDATION, founded in 2013, is a small nonprofit in the Human Services sector that reported $395K in total revenue in fiscal year 2019. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $342K left a modest 14% surplus.

Mission

TO PROVIDE A SAFE RESIDENTIAL HOME TO HUMAN TRAFFICKING VICTIMS AND CONNECT THEM TO PROFESSIONAL SERVICES SUCH AS MEDICAL AND DENTAL, PSYCHOLOGICAL AND SPIRITUAL COUNSELING, EDUCATION AND JOB TRANING, TO GIVE THEM A NEW CHANCE TO START AGAIN

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $466,791

Program Service Revenue $244,352

Investment Income $1,858

Other Revenue $0

TOTAL REVENUE $713,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $306,903

Fundraising Expenses $279,547

Program Expenses $368,466

Other Expenses $418,746

TOTAL EXPENSES $725,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$713,001	$619,150	+0.2%
Expenses	$725,649	$765,182	-0.1%
Net Income	$-12,648	$-146,032	-0.9%

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

$29,271

Total Directors

$29,271

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Ameling	Executive Dir.	43.34	Officer Director	$29,271	$0	$29,271
Mike Rymer	Secretary	0.00	Officer Director	$0	$0	$0
Jeff Ameling	Treasurer	0.00	Officer 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	$713,001	$725,649	$791,129	$-12,648
2023	$619,150	$765,182	$359,837	$-146,032
2023	$619,150	$765,182	$359,837	$-146,032
2022	$573,065	$532,559	$508,075	$40,506
2021	$563,276	$415,219	$464,727	$148,057
2020	$366,339	$372,293	$333,381	$-5,954
2019	$394,874	$341,509	$172,724	$53,365
2019	$394,874	$341,509	$172,724	$53,365
2019	$394,874	$341,509	$172,724	$53,365

Latishas House Foundation