Lago De Plata Inc
EIN: 300137270 · Dallas, TX
| Metric | Value |
|---|---|
| Total Expenses | $1.5M |
| Net Assets | $-1,222,584 |
Is Lago De Plata Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lago De Plata Inc
Lago De Plata Inc (EIN: 300137270) is a nonprofit organization based in Dallas, TX. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lago De Plata Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lago De Plata Inc is a mid-size nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-52,032 |
| Total Assets | $3.0M |
| Total Liabilities | $4.2M |
| Net Assets | $-1,222,584 |
| Operating Margin | -3.6% |
| Debt-to-Asset Ratio | 140.9% |
| Months of Reserves | 24.1 months |
Financial Health Grade: C
In 2017, Lago De Plata Inc reported a deficit of $52K with expenses exceeding revenue, holds 24.1 months of operating reserves (strong position), has a debt-to-asset ratio of 140.9% (high leverage).
Financial Trends
Over 7 years of filings (2011–2017), Lago De Plata Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +2.2% | -3.1% | -4.5% |
| 2016 | +1.5% | -0.3% | -5.6% |
| 2015 | +1.7% | +6.5% | -7.4% |
| 2014 | -2.1% | +4.6% | -5.3% |
| 2013 | +3.2% | -3.5% | +7.5% |
AI Analysis Pending
AI enrichment for Lago De Plata Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lago De Plata Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 140.9%.
Frequently Asked Questions about Lago De Plata Inc
Is Lago De Plata Inc a legitimate charity?
Lago De Plata Inc (EIN: 300137270) is a registered tax-exempt nonprofit based in Texas. It has 7 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Lago De Plata Inc spend its money?
Lago De Plata Inc reported its financials in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lago De Plata Inc tax-deductible?
Lago De Plata Inc is registered as a tax-exempt nonprofit (EIN: 300137270). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lago De Plata Inc located?
Lago De Plata Inc is headquartered in Dallas, Texas and files with the IRS under EIN 300137270.
How many years of IRS 990 filings does Lago De Plata Inc have?
Lago De Plata Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Lago De Plata Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Lago De Plata Inc's revenue has grown by 12%, moving from $1.3M to $1.4M. Total assets decreased by 18.4% over the same period, from $3.7M to $3.0M. Total functional expenses rose by 10.2%, from $1.4M to $1.5M. In its most recent filing year (2017), Lago De Plata Inc reported a deficit of $52K, with expenses exceeding revenue. The organization holds $4.2M in liabilities against $3.0M in assets (debt-to-asset ratio: 140.9%), resulting in net assets of $-1,222,584.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $1.4M | $1.5M | $3.0M | $4.2M | — | View 990 |
| 2016 | $1.4M | $1.5M | $3.1M | $4.3M | — | View 990 |
| 2015 | $1.4M | $1.5M | $3.3M | $4.4M | — | View 990 |
| 2014 | $1.4M | $1.4M | $3.6M | $4.5M | — | View 990 |
| 2013 | $1.4M | $1.4M | $3.8M | $4.5M | — | View 990 |
| 2012 | $1.3M | $1.4M | $3.5M | $4.2M | — | View 990 |
| 2011 | $1.3M | $1.4M | $3.7M | $4.3M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $1.4M, expenses of $1.5M, and assets of $3.0M (revenue +2.2% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.5M, and assets of $3.1M (revenue +1.5% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.5M, and assets of $3.3M (revenue +1.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $3.6M (revenue -2.1% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $3.8M (revenue +3.2% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.4M, and assets of $3.5M (revenue +5.1% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.4M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lago De Plata Inc:
Data Sources and Methodology
This transparency report for Lago De Plata Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.