LATECOMER INSTITUTE

EIN: 921035539 501(c)(3)

HOUSTON, TX

Total Revenue
$2,885
Total Expenses
$124,897
Total Assets
N/A
Net Assets
N/A
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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
2022
Legal Domicile
DE
Principal Officer
Matthew Southey
Phone
6692595012
Tax Period
2023-11-01 to 2024-10-31

LATECOMER INSTITUTE, founded in 2022, is a micro nonprofit that reported $3K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $125K exceeded revenue, resulting in a 4229% operating deficit.

Mission

THE PURPOSE OF THE LATECOMER INSTITUTE IS TO EDUCATE INDIVIDUALS ON SUBJECTS RELATED TO THE LONG-TERM FUTURE OF HUMANITY FROM A DIVERSE VARIETY OF PERSPECTIVES. THE MAGAZINE CONTENT WILL FOCUS ON THE LONG-TERM FUTURE OF HUMANITY, PRESENTED IN A MANNER TO PROVIDE FACTS AND INFORMATION TO ENABLE THE PUBLIC TO FORM INDEPENDENT OPINIONS OR CONCLUSIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $2,885
Other Revenue $0
TOTAL REVENUE $2,885

Expense Breakdown

Grants Paid $0
Salaries & Benefits $93,811
Fundraising Expenses $0
Program Expenses $112,338
Other Expenses $31,086
TOTAL EXPENSES $124,897

Year-over-Year Comparison

2023 2022 Change
Revenue $2,885 $225,596 -1.0%
Expenses $124,897 $103,584 +0.2%
Net Income $-122,012 $122,012 -2.0%
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
1
Independent Members
N/A
Employees
N/A
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
1
$90,000
Total Directors
1
$90,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW SOUTHEY PRESIDENT 40
Officer Director
$90,000 $0 $90,000
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 $2,885 $124,897 No data $-122,012
2023 $225,596 $103,584 $126,767 $122,012
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