LATCOM

The information on this page was last updated 7/19/2022. If you see errors or omissions, please email: [email protected]


Summary

LATCOM is a unique mission that seeks to spread the Gospel in Bolivia and across Latin America by training, equipping, and motivating people within their own countries to become Christian leaders. We believe that by inspiring and empowering people from the countries where we work to become leaders, more people in Latin America will come to know Jesus Christ as Lord and Savior. Since 1984, LATCOM has pioneered ministries in Latin America. Having built a rich tradition, we now minister in 13 Spanish-speaking countries and have begun training indigenous leaders to reach the 400 tribal groups of the Amazon Basin.

LATCOM is a partnership between North American and South American Christians. In the U.S., LATCOM has a Board of Directors, an Executive Director, a home office staff, and several U.S.-based missionaries. Likewise in South America, there is a Board of Directors (based in Bolivia), a Bolivian staff, and several Bolivian missionaries. LATCOM's U.S. office gives support and counsel to our Bolivian counterparts.


Contact information

Mailing address:
LATCOM
4133 Ellwood Road
New Castle, PA 16101

Website: latcom.org

Phone: (724) 924-9070

Email: [email protected]


Organization details

EIN: 330072964

CEO/President: Rev. Tim Ramsey

Chairman:

Board size: 7

Founder: Dr. Charles Ramsey

Ruling year: 1990

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1995


Purpose


Mission statement

Our Mission... That Latin Americans and their nations would be transformed with the Gospel and a Biblical worldview through training, equipping, and motivating current and future leaders.


Statement of faith

We believe in the divine, verbal inspiration of the Holy Spirit and their authority for faith and practice in the lives of believers.

We believe in the unity of the Godhead and the Trinity of the persons therein, Father, Son and Holy Spirit.

We believe in the Deity of the Lord Jesus Christ, and that He is true God and true man.

We believe in the lost condition of man, and his individual need of salvation from sin through the mercy and grace of God, and of the eternal condemnation of the lost.

We believe in the all-sufficient, substitutionary sacrifice of our Lord Jesus Christ on the cross of Calvary to redeem the world.

We believe in the bodily resurrection of Jesus Christ.

We believe in the bodily ascension to heaven of the glorified Savior.

We believe in the personal mission of the Holy Spirit for the regeneration and sanctification of the believer.

We believe in the living church of Christ on earth as the missionary agent for the evangelization of the world.

We believe in the personal return of Lord Jesus Christ, the hope of the church.

We believe in the power and providence of God to meet our every need.

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating923 of 1033113 of 124
Fund acquisition rating1021 of 1035123 of 124
Resource allocation rating997 of 1035122 of 124
Asset utilization rating336 of 103345 of 124

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%20%16%22%23%26%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%20%16%22%23%26%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%100%100%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%20%20%23%25%26%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%0%0%0%0%0%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%64%64%58%55%54%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%102%82%92%92%99%
Program output ratio Program output ratio =
Program services /
Total revenue
77%65%53%53%51%54%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%-2%18%8%8%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%-2%33%16%18%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%17%16%19%20%20%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.171.481.341.511.682.01
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.291.441.411.752.072.52
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.632.131.902.643.475.07
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
20.9827.8943.1724.2819.0921.32
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.040.020.040.050.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.705.426.184.373.282.26
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%2%11%18%23%29%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%9%16%21%28%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
77%66%67%54%46%35%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$318,120$362,025$212,839$161,150$116,549
Receivables, inventories, prepaids$1,495$1,345$0$0$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$319,615$363,370$212,839$161,150$116,549
Long-term investments$9,419$8,087$5,906$6,241$3,922
Fixed assets$132,318$141,922$153,004$165,724$171,248
Other long-term assets$0$0$0$0$2,300
Total long-term assets$141,737$150,009$158,910$171,965$177,470
Total assets$461,352$513,379$371,749$333,115$294,019
 
Liabilities20202019201820172016
Payables and accrued expenses$11,458$8,418$8,765$8,440$5,466
Other current liabilities$0$0$0$0$0
Total current liabilities$11,458$8,418$8,765$8,440$5,466
Debt$0$45,598$58,006$69,833$81,012
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$45,598$58,006$69,833$81,012
Total liabilities$11,458$54,016$66,771$78,273$86,478
 
Net assets20202019201820172016
Without donor restrictions$255,294$318,119$186,032$175,916$160,741
With donor restrictions$194,600$141,244$118,946$78,926$46,800
Net assets$449,894$459,363$304,978$254,842$207,541
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$670,821$841,339$610,714$603,665$596,608
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income($44)$179$5$872$73
Other revenue$0$0$0$0$0
Total other revenue($44)$179$5$872$73
Total revenue$670,777$841,518$610,719$604,537$596,681
 
Expenses20202019201820172016
Program services$434,510$443,161$323,047$309,597$319,823
Management and general$113,123$108,187$106,153$110,004$115,250
Fundraising$134,075$137,877$131,795$139,327$155,440
Total expenses$681,708$689,225$560,995$558,928$590,513
 
Change in net assets20202019201820172016
Surplus (deficit)($10,931)$152,293$49,724$45,609$6,168
Other changes in net assets$0$0$0$0$0
Total change in net assets($10,931)$152,293$49,724$45,609$6,168

Compensation

NameTitleCompensation
Timothy RamseyExecutive Director$71,400

Compensation data as of: 12/31/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 7/19/2022. To update the information below, please email: [email protected]


History

The History of LATCOM is as follows:

  • Dr. Charles Ramsey incorporated LATCOM as Latin American Professionals Outreach in California in July of 1984.
  • EPLABOL, LATCOM's counterpart in South America, began incorporation in Bolivia in September of 1984, beginning the unique model of ministry that would define LATCOM's missionary work. EPLABOL consists of a national and interdenominational board of directors who own and administer all of LATCOM's ministries in Bolivia. Our National Workers are Bolivian Christians who work for EPLABOL.
  • Radio Centenario AM and Short Wave, a secular radio station was purchased in September 1984, and Christian radio began in Santa Cruz!
  • In 1988 EPLABOL began administration of the LOGOS studio begun by Mission Communications. This permitted the mission to continue high quality production of professionally recorded Christian music, and to produce recordings of the Bible in the minority languages of Bolivia.
  • In 1991 LATCOM and EPLABOL began the Escuela de Liderazgo (School of Leadership), a program designed to train Christian leaders in professional areas (accounting, administration, time management, program planning). It also promotes seminars that concentrate on bringing in key Christian leaders from throughout the world to train and motivate the church leaders of Bolivia.
  • Through the EPLABOL board of directors COICOM (Evangelical broadcasters of Latin America) was born in 1992.
  • In November of 1998 LATCOM and EPLABOL redirected the focus of the mission toward leadership development and away from mass communication. Our focus in radio became the evangelization of the 26 minority language groups represented in Bolivia. We are doing this through our short wave radio station in conjunction with three other missions.
  • In 1999-2000 LATCOM and EPLABOL began a joint ministry to restore the village of Zapoc.
  • In October of 2000 EPLABOL began Gente De Palabra (People of Their Word) a ministry geared to presenting the Gospel to the 20% of Bolivian society that make the political and economic decisions for the nation.
  • In December, 2000 LATCOM transfers ownership and administration of VEA, a video ministry in the public and private schools of Santa Cruz, to EPLABOL. VEA reaches tens of thousands of students every year.
  • In March, 2001 LATCOM and EPLABOL begin work on La Fortaleza, a conference and retreat center in Samaipata, Bolivia. It promises to be the first Christian conference center in all of Bolivia.
  • In 2003, the Lord continues to open doors to present the Gospel of Jesus Christ in areas and places previous closed to other ministries, particularly to business, government, police, and military leaders.

Program accomplishments


Needs