Latin American Missions Board Inc

Nonprofit profile at a glance

EIN
352111411
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Mt Pleasant, WI, USA
Phone
7723418420
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Development

Reported finances

Revenue
$356,780
Expenses
$187,180
Assets
$1,180,263
Liabilities
$109,262

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • MITCHELL PATTERSON (PRESIDENT)

Highest reported compensation

  • DR JANE WEAVER (MISSIONARY D): $32,998 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To establish and support missionary projects, clinics, hospitals, and other medical facilities; to support missionaries and those involved in missionary outreaches; to provide medical and humanitarian relief; to establish all other means that are useful to provide missionary assistance and medical and humanitarian relief; to propagate the full gospel of jesus christ.

What it reported doing in 2024

Dr. Jane weaver and her staff of nine at the clinic in san lorenzo, play an important part in this under privileged community which has limited access to healthcare. Dr. Weaver and her staff provide year-round medical, ocular and surgical care for approximately 320 patients per month. Lamb provides support for medical/surgical equipment and general operation of the medical clinic in san lorenzo. Lamb also funds a full-time medical missionary serving in ecuador for housing, living expenses and supplies. In addition, three different anesthesiologists are funded throughout the year for the monthly general surgery weeks. Dr. Jane continues to serve san lorenzo and the surrounding communities despite periods of civil unrest and continued conflict in the area. Ecuador is currently in the midst of the worst drought in nearly 60 years, causing the clinic to use 20+ gallons of diesel per day to power the generator and keep the clinic operating. It has also made water a scarce resource, but thankfully the clinic's cistern system has helped to lessen the impact. Despite the concerns in the region, there were several teams that made the trip down to the clinic to perform surgeries and provide care to those in need. A work team made a trip down in november to install three 2500-liter water tanks and connected them to the cistern system, allowing water access anywhere in the clinic. Additionally, members of the group spent the week sewing new or gowns, half-sheet drapes, sheets for the patients, and stuffed animals for the kids. An eye team also made the trip down earlier this year, performing 94 surgeries - the vast majority of which were cataract surgeries. The clinic has had some notable upgrades, as it now operates surrounded by an upgraded security wall, has a brand-new oxygen system for the or.

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 62% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 75
  • Accountability: 90
  • Sustainability: 73
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 57%; rating input score 57
  • Program expense ratio: 89.1%; rating input score 89
  • Fundraising efficiency: $28.51 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Fail
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 47.5%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 6.31; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 17.6%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: -4.1% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: 3.6% per year; rating input score 100; 45th percentile among comparable filings
  • Asset growth: 8.9% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 57% of revenue deployed · 89.1% of spending went to programs
  • Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $167K in reported program spending
  • Leadership: top reported pay $33K · 11 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 7 filed schedules · includes major donors and foreign activity
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 22/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.