Longmont Latin School
Nonprofit profile at a glance
- EIN
- 932577182
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Longmont, CO, USA
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $155,090
- Expenses
- $139,556
- Assets
- $36,141
- Liabilities
- $9,514
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Joseph Ryan (President)
People named in this filing
- Joseph Ryan (President)
- Megan Ryan (Treasurer)
- Julie Woods (Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The primary activity of Longmont Latin School LLS is providing academic and social enrichment services to homeschooling families that teach a latin based classical education.
What it reported doing in 2024
Academic and enrichment services were provided to 55 students two days per week. All of our expenses went toward this program.
Operating model
- Revenue model
- Earned-program. 92% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 100
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.2%; rating input score 87
- Program expense ratio: 96.9%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 10%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 8.5%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 84.5% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 80.6% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 23.8% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 87.2% of revenue deployed · 96.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $135K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2023 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.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Review — Sustainability: Operating margin scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- High — Sustainability: Officer compensation ratio scored 21/100.