Latrice Ryan Ministries Inc
EIN: 272490032 · Cordova, TN · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $896K |
| Total Expenses | $703K |
| Net Assets | $1.4M |
Is Latrice Ryan Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Latrice Ryan Ministries Inc
Latrice Ryan Ministries Inc (EIN: 272490032) is a nonprofit organization based in Cordova, TN, classified under NTEE code X21. The organization reported total revenue of $896K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Latrice Ryan Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Latrice Ryan Ministries Inc is a small nonprofit that has been operating for 1 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 67.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $703K |
| Surplus / Deficit | +$401K |
| Total Assets | $1.4M |
| Total Liabilities | $25K |
| Net Assets | $1.4M |
| Operating Margin | 36.3% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 24.5 months |
Financial Health Grade: A
In 2023, Latrice Ryan Ministries Inc reported a surplus of $401K with revenue exceeding expenses, holds 24.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Latrice Ryan Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 67.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.1% | -13.7% | +37.2% |
| 2022 | +64.1% | +140.0% | — |
| 2021 | +185.6% | +80.8% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2025 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Latrice Ryan Ministries 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 Latrice Ryan Ministries 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $401K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Frequently Asked Questions about Latrice Ryan Ministries Inc
Is Latrice Ryan Ministries Inc a legitimate charity?
Latrice Ryan Ministries Inc (EIN: 272490032) is a registered tax-exempt nonprofit based in Tennessee. It has 4 years of IRS 990 filings on record. Total revenue: $896K. No red flags identified. Financial health grade: A.
How does Latrice Ryan Ministries Inc spend its money?
Latrice Ryan Ministries Inc reported $896K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Latrice Ryan Ministries Inc tax-deductible?
Latrice Ryan Ministries Inc is registered as a tax-exempt nonprofit (EIN: 272490032). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Latrice Ryan Ministries Inc located?
Latrice Ryan Ministries Inc is headquartered in Cordova, Tennessee and files with the IRS under EIN 272490032. It is classified under NTEE code X21.
How many years of IRS 990 filings does Latrice Ryan Ministries Inc have?
Latrice Ryan Ministries Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $896K in total revenue.
Filing History
IRS 990 filing history for Latrice Ryan Ministries Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Latrice Ryan Ministries Inc's revenue has grown by 369%, moving from $235K to $1.1M. Total assets increased by 2917.8% over the same period, from $48K to $1.4M. Total functional expenses rose by 274.4%, from $188K to $703K. In its most recent filing year (2023), Latrice Ryan Ministries Inc reported a surplus of $401K, with revenue exceeding expenses. The organization holds $25K in liabilities against $1.4M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $703K | $1.4M | $25K | — | — |
| 2022 | $1.1M | $815K | $1.0M | $37K | — | — |
| 2021 | $672K | $340K | $0 | $0 | — | View 990 |
| 2020 | $235K | $188K | $48K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $703K, and assets of $1.4M (revenue +0.1% year-over-year).
- 2022: Revenue of $1.1M, expenses of $815K, and assets of $1.0M (revenue +64.1% year-over-year).
- 2021: Revenue of $672K, expenses of $340K, and assets of $0 (revenue +185.6% year-over-year).
- 2020: Revenue of $235K, expenses of $188K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Latrice Ryan Ministries Inc:
Data Sources and Methodology
This transparency report for Latrice Ryan Ministries 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.